Conservative · Stocks to Consider and Updates

CVS Delivers Strong Results; Confirms Guidance

Shares of drug store and pharmacy benefits manager CVS Health (NYSE: CVS - $77.08) are advancing over 4.5% following third quarter sales and earnings that beat the Street consensus. Net income totaled $1.39 billion up from $1.29 billion and adjusted earnings per share was $1.73 compared to $1.50 last year and two cents better than estimates. Revenue totaled $47.3… Continue reading CVS Delivers Strong Results; Confirms Guidance

Conservative · Stocks to Consider and Updates

Colgate Results Disappoint; Lowers Guidance

Shares of New York-based Colgate-Palmolive Co. (NYSE: CL - $60.02) are trading lower by about 6% in today’s market after the consumer products company reported third-quarter revenue that missed expectations. Net income for the quarter totaled $523 million down from $607 million last year. Adjusted earnings were $0.72 vs. $0.73 a year ago and in line with consensus.… Continue reading Colgate Results Disappoint; Lowers Guidance

Conservative · Stocks to Consider and Updates

ABB Third Quarter Results Shy of Street’s Expectations

Net profit for the quarter at Swiss engineering firm ABB, Ltd. (NYSE: ABB - $19.81) was $603 million, up from $571 million a year earlier. Revenue climbed 6% to $9.26 billion from $8.72 billion. Analysts, however, expected a profit of $602 million on sales of $9.24 billion and adjusted earnings per share were three cents short of consensus at $0.34. In addition, total… Continue reading ABB Third Quarter Results Shy of Street’s Expectations

Conservative · Stocks to Consider and Updates

UPS Meets Earning’s Call; Revenues Miss

United Parcel Service, Inc. (NYSE: UPS - $110.08) said third-quarter adjusted earnings per share came in at $1.82, up 26% from last year’s third period and equal to Street estimates. Revenue climbed 7.9% to $17.444 billion, but shy of the $17.49 billion consensus. U.S. domestic revenue grew 8% to $10.4 billion on growth in deliveries… Continue reading UPS Meets Earning’s Call; Revenues Miss

Conservative · Income · Stocks to Consider and Updates

Verizon Delivers Strong 3rd Quarter Results

Verizon Communications, Inc. (NYSE: VZ - $56.79) posted third-quarter results highlighted by continued growth at Verizon Wireless, strong cash flow and network innovations that led to the world’s first 5G commercial product offering. For the period, the company reported net income of $4.92 billion, up from $3.62 billion a year earlier and adjusted earnings of $1.22 per share… Continue reading Verizon Delivers Strong 3rd Quarter Results

Conservative · Stocks to Consider and Updates

3M Disappoints; Lowers 2018 Guidance

Shares of diversified manufacturer 3M Co. (NYSE: MMM - $188.06) are trading sharply lower after reporting disappointing third-quarter results. The company said that adjusted share earnings were ahead by 11% to $2.58 from last year, but consensus estimates were twelve cents higher. Behind the earnings miss was a 0.2% drop in total sales and a… Continue reading 3M Disappoints; Lowers 2018 Guidance

Conservative · Stocks to Consider and Updates

Shlumberger Reports Third Quarter Results; Outlook Mixed

Schlumberger (NYSE: SLB - $59.23), the world’s largest oilfield services provider, reported third quarter revenue of $8.5 billion, which grew 9% from a year ago, but a bit shy of consensus. International revenue rose 1.3% to $5.22 billion, while revenue from North America jumped about 23% to $3.2 billion. The company also reported a slight profit beat but… Continue reading Shlumberger Reports Third Quarter Results; Outlook Mixed