Shares of Wal-Mart
following the release of the company’s fiscal second-quarter results and guidance
Networking equipment and software vendor, Cisco Systems
, (CSCO) reported July-quarter results
that were largely in line with our expectations. Revenue of $12.1 billion was slightly above our $12.0 billion estimate and down 4% year over year. Total product sales decreased 5%.
of The Home Depot fell
even though the home-improvement retailer delivered stellar fiscal second-quarter
Shares of media conglomerate
and Dow-30 component The Walt Disney Company
slipped on lackluster June-quarter results.
Investors reacted favorably
June-quarter results, bidding shares
of the tech giant higher
in early-morning trading
New York-based drugmaker and Dow-30 component Pfizer
(PFE) has reported second-quarter earnings of $0.51 a share
, versus $0.33 in the comparable period of 2016. The year-over-year improvement was driven primarily by a sharp decline in production costs (-16%), which more than offset a 2% pullback in sales.
and Dow-30 member Chevron
continues to perform well in 2017 with a solid bottom-line recovery
of Merck relatively flat
after the drugmaker registers healthy bottom-line results
. Second-quarter revenues inch slightly higher.
Shares of oil giant Exxon Mobil
(XOM) fell moderately after the company's second-quarter 2017 earnings came in short of expectations
. Exxon generated $0.78 a share in profits during the period. While that was up from $0.41 a year earlier, it was less than our $0.95-a-share estimate and the Wall Street consensus, which had been falling in recent weeks on a pullback in oil prices. Given profit shortfall, we are reducing our full-year 2017 share-net estimate to $3.75 from $4.05.
Semiconductor bellwether Intel Corp.
(INTC) posted healthy results for the latest June period
. Non-GAAP share earnings (excludes items deemed to be nonrecurring in nature), clocked in at $0.72, a 22% increase from the previous-year tally. Strength was broad-based, as virtually all of the company's segments performed admirably for the term. Specifically, the company's largest segment, the Client Computing Group ($8.2 billion in revenues), reported a 12% year-over-year increase during the June quarter.