Fourth quarter profits at Deere & Co. (NYSE: DE - $168.55) dropped 8% from a year ago and management issued a weak forecast for 2020 as U.S. trade disputes and bad weather squeezed it biggest customer, the American farmer. Deere now expects next year’s sales of agriculture and turf machinery to slide 5% - 10% compared with… Continue reading Deere Profits Fall; Trims Outlook
Category: Stocks to Consider and Updates
Featured listings of the porfolio choices when they are added and future updates, arranged by sub-category.
Applied Materials Posts Strong Results; Ups Guidance
Semiconductor equipment and display manufacturer Applied Materials, Inc. (NASDAQ: AMAT - $62.23) posted fourth quarter revenue of $3.8 billion, which came in toward the high end of management's expected range and was about 2% ahead of the consensus estimate. Revenue was off 7% year-over-year, but up 5% sequentially, driven by solid demand in the Foundry… Continue reading Applied Materials Posts Strong Results; Ups Guidance
Cisco Beats Estimates; Outlook Disappoints
Networking equipment and software maker Cisco Systems (NASDAQ: CSCO - $44.91) reported mixed results for the fiscal first quarter and provided a cautious outlook on its operating environment, causing the shares to decline about 7% in early trading. Revenue came in at of $13.2 billion, up 1% from a year ago, slightly ahead of analysts’… Continue reading Cisco Beats Estimates; Outlook Disappoints
CVS Posts Strong Results; Raises Guidance
Woonsocket, Rhode Island-based CVS Health (NYSE: CVS - $70.56) reported a stronger-than-expected adjusted profit in the third quarter and raised its outlook for earnings. The company reported net income of $1.53 billion compared with $1.39 billion a year ago. Excluding certain items, CVS posted an adjusted profit of $1.84 a share compared to an adjusted $1.73… Continue reading CVS Posts Strong Results; Raises Guidance
Newmont Misses Street Views on Higher Costs
Newmont Gold Corp. (NYSE: NEM - $37.62) missed Wall Street estimates for quarterly profit due to higher costs and the world's biggest gold miner cut its annual output target as production remained suspended at one of its largest mines in Mexico. Adjusted net income rose to $292 million, or $0.36 per share for the third… Continue reading Newmont Misses Street Views on Higher Costs
LyondellBasell Misses Forecasts; Outlook Positive
Chemical and oil refining giant LyondellBasell Industries (NYSE: LYB - $96.78) announced net income for the third quarter of $1.0 billion, equal to an adjusted $2.70 per share vs. $2.96 a year ago. Integration activities related to the acquisition of A. Schulman are on schedule and expected to generate approximately $125 million in forward annual run-rate synergies as… Continue reading LyondellBasell Misses Forecasts; Outlook Positive
Colgate Beats Earnings’ Estimate; Margins Under Pressure
Colgate-Palmolive Co. (NYSE: CL -$66.74) reported third quarter sales increased about 2% from a year earlier, helped by higher volumes and prices. The maker of its namesake toothpaste, Irish Spring and Speed Stick deodorant reported a profit of $578 million compared with $523 million a year ago. Excluding one-time costs, the company reported an adjusted… Continue reading Colgate Beats Earnings’ Estimate; Margins Under Pressure
