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Oracle Beats Earning’s Forecasts; Revenue Disappoints

Redwood City, California’s Oracle Corp. (NYSE: ORCL - $49.18) announced fiscal 2019 first quarter total revenues of $9.2 billion, up 1% compared to last year, but below the consensus views of $9.24 billion. Total Cloud Services and License Support plus Cloud License and On-Premise License revenues were up 2% to $7.5 billion. Cloud Services and License Support… Continue reading Oracle Beats Earning’s Forecasts; Revenue Disappoints

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Verizon Boosts Dividend

Verizon Communications, Inc. (NYSE: VZ - $54.21) said its Board of Directors raised the quarterly dividend by 2.1% to $0.6025, marking the 12th consecutive year of dividend increases. The new payout, up $0.0125 from a previous level of $0.59, is payable Nov. 1 to shareholders of record on Oct. 10. The new annual dividend at the current rate is $2.41 per… Continue reading Verizon Boosts Dividend

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Deere Reports Mixed Results; Reaffirms Guidance

Shares of Deere & Co. (NYSE: DE - $140.03) are trading higher as it had strong demand in its construction and farming markets in the latest quarter, but it would cut costs and raise prices due to higher raw material and logistics expenses. Costs for steel and aluminum have been pushed up by U.S. tariffs on… Continue reading Deere Reports Mixed Results; Reaffirms Guidance

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CVS Beats Estimates; Ups 2018 Outlook

Excluding a $3.9 billion impairment charge, CVS Health (NYSE: CVS - $67.94) reported strong sales and earnings for the second quarter. Adjusted earnings per share came in at $1.69, above the consensus of $1.61 and $0.19 better than last year’s second period. Revenue grew 2.2% to $46.71 billion up from $45.7 billion last year, also beating Street views.… Continue reading CVS Beats Estimates; Ups 2018 Outlook

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Colgate Reports Mixed Results

New York-based Colgate-Palmolive Co, (NYSE: CL - $66.81) the world's largest toothpaste maker, reported quarterly sales that fell below Wall Street estimates, as sales in Latin America declined by 7%. The maker of Irish Spring, Colgate oral care products, Softsoap and Hill’s Science Diet said total net sales for the second quarter rose 1.5% to $3.886 billion, but the… Continue reading Colgate Reports Mixed Results

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UPS Posts Strong Results; Reaffirms Guidance

The world’s largest package delivery provider United Parcel Service Inc. (NYSE: UPS - $115.88) reported quarterly second quarter profit that topped Wall Street estimates as booming online shopping boosted package volumes in the United States, the company's biggest market. Revenue at the company's U.S. package services rose 6.3% in the period from a year earlier, while revenue… Continue reading UPS Posts Strong Results; Reaffirms Guidance

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Verizon Posts Solid 2nd Quarter Results

Strong revenue momentum and operating results at Verizon Wireless highlighted second-quarter 2018 performance at Verizon Communications Inc. (NYSE: VZ = $51.10), which reported adjusted earnings per share of $1.20 for the period, six cents ahead of consensus and $0.25 better than a year-ago. Total operating revenue rose to $32.20 billion from $30.55 billion last year and topping views of… Continue reading Verizon Posts Solid 2nd Quarter Results