September natural gas futures contracts rose by ~7.5% and closed at $2.87 per MMBtu on Thursday, July 28, 2016. Prices rose due to a lower-than-expected rise in natural gas inventories.
The SSE Composite Index was down by 1.2% from July 20–July 27. Investors tried to cash in profits amid rumors that the China Banking Regulatory Commission may implement stricter rules to curb wealth-management products, a form of shadow banking.
KKR & Co. (KKR) beat Wall Street analysts’ earnings expectations of $0.03 per share and reported EPS of $0.23 on July 26, 2016. This compares with the company’s EPS of $0.88 for fiscal 2Q15.
On July 26, 2016, DuPont released its 2Q16 earnings, reporting adjusted EPS of $1.24 and beating the Wall Street analyst estimate of $1.10 by 12.7%.
Harley-Davidson released its 2Q16 earnings on July 28, reporting adjusted EPS of $1.55 for the quarter and meeting analyst estimates of $1.54.
The Potash Corporation of Saskatchewan (POT), also known as PotashCorp, reported its 2Q16 earnings on July 28, 2016.
On July 27, 2016, Pilgrim’s Pride (PPC) reported its financial results for 2Q16, which ended June 26, 2016. It generated revenue of $2.03 billion, a small decline of 1% compared to $2.05 billion in 2Q15.
In this series, we’ll discuss whether Brazil can continue to rise despite the fall in commodity prices. We’ll see whether the Brazil’s non-commodity sectors could boost the performance of the economy.
United Technologies (UTX), a diversified industrial (RGI) conglomerate, released its earnings report for 2Q16 on July 26, 2016.
Comcast (CMCSA) announced its fiscal 2Q16 earnings on July 27, 2016. It declared EPS of $0.83, which exceeded Wall Street analysts’ estimate of $0.81.
Whiting Petroleum (WLL) reported its 2Q16 earnings on July 27, 2016, after the markets closed.
CF Industries (CF), one of the largest producers of nitrogen fertilizers, is set to announce its 2Q16 earnings on August 3, 2016.
Energy Transfer Equity and midstream subsidiaries Energy Transfer Partners and Sunoco Logistics Partners are to release their 2Q16 results August 3, 2016.
Boeing (BA) reported its 2Q16 results on July 27, 2016. The Markets were happy with Boeing stock, and it rose 3% intraday. It fell to a 1.2% gain by the end of the day.
Alexion Pharmaceuticals released its earnings for 2Q16 on July 28, reporting revenues of $753.1 million, which surpassed Wall Street analyst estimates.
EQT Midstream’s 2Q16 EBITDA EQT Midstream Partners (EQM) and its general partner, EQT GP Holdings (EQGP), reported their 2Q16 earnings on July 28. EQT Midstream’s 2Q16 adjusted EBITDA (earnings before…
Amgen declared its 2Q16 earnings on July 27, 2016. The company reported diluted earnings per share of about $2.52 in 2Q16, a year-over-year rise of ~11.4%.
CVR Refining (CVRR) reported its 2Q16 results on July 28. The company reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $84.7 million.
Coca-Cola’s adjusted EPS (earnings per share) in fiscal 2Q16 ending July 1, 2016, came in at $0.60—ahead of Wall Street analysts’ consensus estimate of $0.58.
Vertex Pharmaceuticals (VRTX) reported its 2Q16 earnings on July 27, 2016. VRTX surpassed Wall Street analysts’ projections and reported revenue of $431.6 million.