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- The earning reports from today, that beat the estimates
The earning reports from today, that beat the estimates
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Loading...Caterpillar – Caterpillar earned an adjusted $1.95 per share for the third quarter, swamping estimates of $1.27 a share. Revenue also beat forecasts, with Caterpillar seeing a significant increase in demand for its construction equipment.
3M – The maker of a wide variety of products including Scotch tape and Post-It notes earned $2.33 per share for the third quarter, 12 cents a share above estimates. Revenue beat estimates as well and 3M also raised its full-year forecast after seeing organic growth across all its business groups.
United Technologies – United Technologies came in four cents a share above estimates, with adjusted third-quarter earnings of $1.73 per share. Revenue was above forecasts, as well. The company also raised its full-year forecast above current Street consensus despite negative pressure from its Pratt & Whitney and Otis Elevator units.
General Motors – The automaker reported adjusted quarterly profit of $1.32 per share, 20 cents a share above estimates. Revenue also beat forecasts. It was the 10th straight quarter that GM beat Street estimates.
McDonald's– The fast-food giant earned an adjusted $1.76 per share for the third quarter, one cent a share shy of forecasts. Revenue beat estimates, however, as global comparable-store sales rose six percent, while U.S. comps rose 4.1 percent.
Apple – Initial shipments of Apple's iPhone X will only be 20 million units, half of forecasts, according to a report by Japanese news service Nikkei. The service did not say how it got that information.
Stanley Black & Decker – The tool maker earned an adjusted $1.95 per share for the third quarter, eight cents a share above forecasts. Revenue also beat estimates and the company raised its full-year forecast on broad-based growth across all its categories.
Eli Lilly – The drugmaker came in two cents a share above estimates, with adjusted quarterly profit of $1.05 per share. Revenue topped forecasts, as well. The company also raised its full-year forecast on upbeat sales for its newer drugs and also said it was considering options for its animal health unit.
Whirlpool — The appliance maker missed estimates by eleven cents a share, with adjusted quarterly profit of $3.83 per share. Revenue also missed forecasts, and Whirlpool issued a profit warning because of rising input costs. Separately, an internal memo cited by the Wall Street Journal said retailer Sears is no longer selling Whirlpool appliances – including the Whirlpool, Maytag, KitchenAid, and Jenn-Air brands – because of a pricing dispute.
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