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
Category: Stocks to Consider and Updates
Featured listings of the porfolio choices when they are added and future updates, arranged by sub-category.
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
International Paper Tops Earnings Estimates; Misses on Revenue
International Paper Co. (NYSE: IP - $43.72) posted third-quarter profits that topped expectations, but sales fell a bit shy of Wall Street's forecasts. The Memphis, Tenn., paper company reported adjusted third-quarter earnings of $1.09 a share compared to $1.56 last year. Analysts on average, were expecting an adjusted profit of $0.99 a share. Sales fell 5.6%, to $5.57 billion, missing Wall Street's estimate of $5.61 billion.… Continue reading International Paper Tops Earnings Estimates; Misses on Revenue
Marathon Petroleum Beats Earnings Estimates; Plans Spin Off of Retail Operations
Oil refiner and marketer Marathon Petroleum Corp. (NYSE: MPC - $63.62) reported third quarter profit that beat expectations but revenue that missed; announced plans to spin off its retail business; and said its long-time CEO plans to retire. Net income rose to $1.10 billion from $737 million in the year-ago period. Excluding non-recurring items, adjusted… Continue reading Marathon Petroleum Beats Earnings Estimates; Plans Spin Off of Retail Operations
Total Beats Estimates; Hikes Dividend
French energy giant Total SA (NYSE: TOT- $52.70) reported a slump in third-quarter earnings due to a plunge in oil and natural gas prices but a surge in production in the period helped beat sales and profit forecasts. Revenue from sales at the Paris-based company dropped to $42.54 billion for the period from $48.4 billion a year ago but was… Continue reading Total Beats Estimates; Hikes Dividend
ON Semiconductor Reports Third Quarter Results
Chipmaker ON Semiconductor (NYSE: ON - $21.09) reported third quarter net income of $0.33 per share, down from last year's $0.57 and below the average analyst estimate of $0.36. Revenue was $1.38 billion, a 10% drop from the year earlier period and in line with Street view. The company is guiding revenue for the fourth… Continue reading ON Semiconductor Reports Third Quarter Results
Cerner Reports In-Line; Maintains Outlook
Health care information technology provider Cerner Corp. (NASDAQ: CERN - $66.43) reported third quarter revenue was $1.429 billion, an increase of 7% compared to $1.340 billion in the third quarter of 2018, and in line with the analyst and company forecasts. Adjusted earnings were $211.7 million, compared to $209.4 million in the third quarter of… Continue reading Cerner Reports In-Line; Maintains Outlook
