Coca-Cola, travelers, Biogen, Hasbro, Apple and more
Check out the companies that exceed before:
Coca-Cola – The drink giant hit an estimate of 2 cents per share, with an adjusted quarterly result of 73 cents per share. Revenue also came across the forecasts, and Coca-Cola raised the revenue forecast for the entire year as demand grows for some of the newer sodas and coffee.
Travelers – The insurance company reported an adjusted quarterly result of $ 2.02 per share, compared to a consensus estimate of $ 2.28 per share. Revenues hit forecasts for higher net investment income and premiums, but the insurance company also saw higher non-weather-related casualties than it had a year earlier.
United Technologies ̵[ads1]1; The conglomerate came in 15 cents per share over the forecasts, with adjusted quarterly earnings of $ 2.20 per share. Revenues also came across the forecasts, and United Technologies raised the outlook for the full year as they benefited from the acquisition of Rockwell Collins.
Harley-Davidson – Harley-Davidson reported a quarterly result of $ 1.23 per share, compared to a consensus estimate of $ 1.20 a share. The motorcycle manufacturer's revenue was below estimates and it reduced the prospects for motorcycle shipments.
Hasbro – The toy manufacturer earned adjusted 78 cents per share for the last quarter, well above the consensus estimate of 50 cents per share. Revenues also exceeded forecasts, on strong demand for toys related to "Avengers: Endgame" among other factors.
Biogen – The drug manufacturer reported an adjusted quarterly earnings of $ 9.15 per share, compared to a consensus estimate of $ 7.53 per share. The proceeds hit the Wall Street estimates, and the company also raised the full-year warning. Biogen's results were partly strengthened by growth in sales of multiple sclerosis medicine Tecfidera.
Lockheed Martin – The defense contractor earned $ 5 per share for the second quarter, 23 cents per share over the estimates. Revenues also peaked in the forecasts and Lockheed increased its outlook for the full year, in the midst of strong performance in all four business areas.
Whirlpool – Whirlpool reported an adjusted quarterly result of $ 4.01 per share, 30 cents per share over consensus. The device manufacturers' revenues also hit the projections, and Whirlpool raised the forecast for the full year after increasing prices to compensate for higher production costs.
TD Ameritrade – TD Ameritrade raised 7 cents a share over the estimates, with adjusted quarterly earnings of $ 1.04 per share. share. The web broker's revenues also hit the forecasts. Separately, the company announced that CEO Tim Hockey will resign when a successor is found.
Apple – Apple is in advanced negotiations to buy Intel's wireless chipset business, according to The Wall Street Journal. The newspaper said the deal could be reached next week and that Apple would pay around $ 1 billion. Apple rejected CNBC's comment when asked about the story.
Starbucks – Starbucks buys a stake in the restaurant technology company Eatsa, and will also take a seat on the board. Eatsa had operated a number of automated cafes, but has closed these sites and now sells its systems to other restaurant chains.
AutoNation – AutoNation appointed Chief Financial Officer Cheryl Miller to his new CEO and replaced Carl Liebert. The nation's largest car dealership chain had appointed Liebert to the post in March, replacing long-time CEO Mike Jackson, but now said both sides agreed that Liebert was not the right fit.
UBS – UBS posted better than expected quarterly profits, with the Swiss-based bank logging its best second quarter of nearly a decade. The bank saw weakness in asset management, but the strength of retail and commercial banking.
Facebook – Facebook is expected to announce a settlement with the Federal Trade Commission on privacy practices as soon as this week. Much has already been reported that the settlement will include a $ 5 billion fine, as well as a number of privacy-related claims.
Boeing – Boee's outlook was downgraded to "negative" from "stable" by Moody's, and echoed a similar move earlier in the day by Moody's rival Fitch. Both credit rating agencies cited the ongoing uncertainty surrounding Boeing's founding 737 Max jet.
