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CVS Beats Earning’s Estimates; Ups Guidance

CVS Health (NYSE: CVS - $66.01) reported earnings and guidance that topped Street forecasts while revenue missed. The drugstore chain and pharmacy benefits manager said first-quarter adjusted earnings were $1.48 per share, up from $1.17 a year earlier and above consensus for $1.40. CVS said revenue in the quarter came in at $45.7 billion, up from $44.5 billion during the same quarter a… Continue reading CVS Beats Earning’s Estimates; Ups Guidance

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Colgate-Palmolive Beats Estimates; Outlook Remains Challenging

Colgate-Palmolive Co. (NYSE: CL - $66.72) reported worldwide revenue of $4.0 billion in first quarter 2018, an increase of 6.5% versus last year’s first quarter. Sales in Latin America however, were weaker than expected - especially in Mexico. Global unit volume increased 2.0%, pricing was even with the year ago period and foreign exchange was positive 4.5%. The… Continue reading Colgate-Palmolive Beats Estimates; Outlook Remains Challenging

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UPS Grows Revenue and Profits; Confirms Guidance

United Parcel Service, Inc. (NYSE: UPS - $112.41), the world's largest package delivery company, reported a rise in first-quarter net profit, driven by strong package volumes in its core U.S. domestic segment and its international business, which climbed 15%. Total revenue increased to $10.2 billion, 7% above last year.  UPS’ Supply Chain segment grew profits… Continue reading UPS Grows Revenue and Profits; Confirms Guidance

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3M Reports In Line; Lowers Earning’s Guidance

Shares of industrial conglomerate 3M Co. (NYSE: MMM - $200.72) are falling about 7% in early trading, despite meeting Wall Street sales and earning’s estimates. Sales were up 7.7% (2.8% in local currency) to $8.3 billion for the first quarter thanks to a strong showing in the company’s Safety and Graphics unit. Total sales grew 15%… Continue reading 3M Reports In Line; Lowers Earning’s Guidance

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Verizon Begins 2018 with Strong Momentum; Tops Estimates

Verizon Communications Inc. (NYSE: VZ - $49.75) reported first-quarter results highlighted by strong revenue growth and continued Verizon Wireless customer loyalty. On an adjusted basis, earnings per share was $1.17, compared with $0.95 in first-quarter 2017. Street estimates were $1.10. Total operating revenues were $31.8 billion, up 6.6% from last year and also better than consensus views.… Continue reading Verizon Begins 2018 with Strong Momentum; Tops Estimates

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Schlumberger Reports Profits In Line on Strong Revenue

The world’s largest oil service provider, Schlumberger NV (NYSE: SLB -  $69.07) reported first-quarter profit that barely past estimates. The company said global oil supply and demand were in balance and that investments in exploration and production were expected to rise about 5% internationally. Revenue from North America soared nearly 52% to $2.84 billion. However, the total cost… Continue reading Schlumberger Reports Profits In Line on Strong Revenue

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Danaher Posts Strong First Quarter Earnings; Raises Guidance

Professional and medical equipment manufacturer, Danaher Corp. (NYSE: DHR - $100.93), announced results for the first quarter 2018 with net earnings of $566.6 million, which represents a 16.0% year-over-year increase. Adjusted net earnings were $0.99/share, a 16.5% increase over the comparable 2017 period and five cents ahead of Street estimates. For the period, revenues increased 11.5%… Continue reading Danaher Posts Strong First Quarter Earnings; Raises Guidance