Income · Stocks to Consider and Updates

Johnson & Johnson Beats Street Views; Ups Revenue Guidance

Health products and pharmaceutical giant Johnson & Johnson (NYSE: JNJ - $132.80) reported adjusted earnings per share of $2.58 compared to $2.10 a year ago and beating the consensus of $2.46. Revenue fell to $20.562 billion from $20.830 billion in the year-earlier quarter but beat Street views of $20.293 billion. Sales from J&J's Consumer business… Continue reading Johnson & Johnson Beats Street Views; Ups Revenue Guidance

Income · Stocks to Consider and Updates

Cisco Systems Agrees to Buy Acacia Communications

Cisco Systems. Inc. (NASDAQ: CSCO - $56.54) said it agreed to buy Acacia Communications, Inc. for about $2.6 billion, in a deal that boosts Cisco's optical networking portfolio. Acacia, of Maynard, Mass., delivers high-speed coherent optical interconnect products, relied upon by cloud infrastructure operators and content and communication service providers. Customers include leading network equipment manufacturers and… Continue reading Cisco Systems Agrees to Buy Acacia Communications

Income · Stocks to Consider and Updates

CVS Reports Strong Results; Lifts Guidance

Pharmacy and health insurer CVS Health (NYSE: CVS - $57.55) reported better-than-expected first-quarter results in the first full quarter that includes results from its acquisition of Aetna. Adjusted earnings climbed to $1.62 a share compared with $1.48 a share in the same period of 2018. The consensus was for $1.51 a share. Revenue rose 35% to $61.6 billion, beating the Street view… Continue reading CVS Reports Strong Results; Lifts Guidance

Income · Stocks to Consider and Updates

Total Reports First Period Results; Hikes Dividend

French energy giant Total SA (NYSE: TOT - $56.04) reported adjusted operating income of $3.4 billion in the first quarter, an 1% increase compared to the first period of 2018. The Exploration and Production business operating income was $1.72 billion, five percent lower than a year-ago. The Integrated Gas and Renewables segment showed a 23%… Continue reading Total Reports First Period Results; Hikes Dividend

Income · Stocks to Consider and Updates

Intel Beats Estimates; Second Quarter Guidance Disappoints

Chip behemoth Intel Corp. (NASDAQ: INTC - $51.97) reported March-quarter sales of $16.1 billion that were flat compared to a year ago, but a tad higher than estimates of $16.03 billion.  Likewise, adjusted earnings per share were two cents higher than consensus estimates and two cents better than the first quarter of 2018, but profit… Continue reading Intel Beats Estimates; Second Quarter Guidance Disappoints

Income · Stocks to Consider and Updates

Johnson & Johnson Increases Dividend

Johnson & Johnson (NYSE: JNJ - $139.65) announced that its Board of Directors has declared a 5.6% increase in the quarterly dividend rate from $0.90 to $0.95 per share.  This is the 57th consecutive year the Brunswick, New Jersey-based health care company increased its payout. At the new rate, the indicated dividend on an annual basis… Continue reading Johnson & Johnson Increases Dividend

Conservative · Income · Stocks to Consider and Updates

Verizon Delivers Mixed Results; Lifts Guidance

Verizon Communications, Inc. (NYSE: VZ - $57.26) reported adjusted earnings for the first quarter of $1.20 per share, up from $1.17 in the same period a year ago and four cents ahead of analysts’ estimates. Total revenue of $32.13 billion was up 1.1% from the same period a year ago, but a bit below what the Street was expecting at $32.3… Continue reading Verizon Delivers Mixed Results; Lifts Guidance