Income · Stocks to Consider and Updates

LyondellBasell Posts Strong Earnings

Income candidate LyondellBasell Industries NV (NYSE: LYB – $106.67) reported revenue of $9.77 billion in the first quarter compared with $8.43 billion a year earlier. The analyst consensus was $9.43 billion. Adjusted earnings for the giant chemical and oil refining company was $1.2 billion, a 54% increase relative to the first quarter of last year and equal to $3.11 per share… Continue reading LyondellBasell Posts Strong Earnings

Income · Stocks to Consider and Updates

Intel Reports Stronger-than-Expected Results; Ups Forecast

Intel Corporation’s (NASDAQ: INTC - $53.05) quarterly profit rose in the first quarter by 50% from a year earlier to $4.45 billion. Revenue came to $16.1 billion, up 13% from a year ago on strength in its data-centric businesses, which accounted for 49% of total revenue. The unit, which increased revenue 24% to $5.2 billion, achieved growth… Continue reading Intel Reports Stronger-than-Expected Results; Ups Forecast

Income · Stocks to Consider and Updates

Johnson & Johnson Hikes Dividend

New Brunswick, New Jersey’s Johnson & Johnson (NYSE: JNJ -$128.88) said its Board of Directors has declared a 7.1% increase in the quarterly dividend rate, from $0.84 per share to $0.90.  "In recognition of our 2017 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the quarterly dividend for the… Continue reading Johnson & Johnson Hikes Dividend

Aggressive · Income · Stocks to Consider and Updates

International Paper Posts Strong Results

Memphis-based International Paper Co. (NYSE: IP - $52.01) reported adjusted earnings in the first quarter were $395 million – or $0.94 per share – compared with $232 million ($0.56 per share) in the first quarter of 2017, and five cents better than Street views. Sales were $5.6 billion versus $5.1 billion last year and was ahead of the $5.47 billion analyst consensus. By business segment:… Continue reading International Paper Posts Strong Results

Income · Stocks to Consider and Updates

Total Grows Revenue and Profits; Misses Estimates

ADRs of French energy giant Total SA (NYSE: TOT - $62.95) reported first quarter adjusted earnings of $1.09 per share, up from $1.01 a year earlier but three cents below the consensus of analysts. Revenues rose to $43.29 billion from $36.09 billion in the year-ago quarter but missed the $43.94 billion average estimate. The company said the global environment remains volatile with continued… Continue reading Total Grows Revenue and Profits; Misses Estimates

Income · Stocks to Consider and Updates

Johnson & Johnson Beats Sales and Earnings Estimates; Guides Higher

Health care giant Johnson & Johnson (NYSE: JNJ - $129.74) reported adjusted net profit for the first quarter of $2.06 per share, up from $1.83 in the prior year period, and four cents higher than the Street estimate. Sales jumped 13% to $20.01 billion, up from $17.77 billion last year and higher than the $19.50 billion consensus estimate. Sales in J&J’s Janssen… Continue reading Johnson & Johnson Beats Sales and Earnings Estimates; Guides Higher

Income · Stocks to Consider and Updates

Saudi Aramco and Total to Build Petrochemical Complex

French energy major Total, SA and Saudi Aramco said they signed a memorandum of understanding to build a giant petrochemical plant in Jubail, Saudi Arabia. The complex will be integrated downstream of the SATORP refinery, a joint venture between Saudi Aramco (62.5%) and Total (37.5%), in a move designed to fully exploit operational synergies. The… Continue reading Saudi Aramco and Total to Build Petrochemical Complex