Ingersoll Rand’s 1Q16 earnings boosted its shares to $67.48 in early trading, but the stock closed at $65.39 on April 26—2.5% lower than the opening price.
Phillips 66 (PSX) posted its 1Q16 results on April 29, 2016. PSX’s revenues missed Wall Street analysts’ estimates, and its adjusted earnings per share stood at $0.67—around 24% lower than its estimated EPS of $0.88.
Procter & Gamble’s diluted net EPS increased by 29% to $0.97, while its core earnings fell by 3% to $0.86 per share in fiscal 3Q16.
SunPower Corporation (SPWR) plans to announce its 1Q16 earnings on May 5, 2016, after Market hours. Wall Street analysts’ consensus estimates forecast adjusted earnings per share of -$0.24.
In a Bloomberg survey of 20 brokerage companies recorded on April 29, 2016, about 55% of analysts rated BDX as a “buy,” and 45% rated it as a “hold.”
The manufacturing PMI (Purchasing Managers’ Index) published by the Institute for Supply Management fell in April to 50.8. That compares to 51.8 in March and expectations of 51.4.
The last week of April 2016 saw biotechnology stocks falling as weak earnings gripped the market.
On April 27, 2016, Boston Scientific (BSX) released its 1Q16 earnings.
Novo Nordisk (NVO) reported its 1Q16 earnings on April 29, 2016. It reported sales amounting to ~27.2 billion Danish krone for the quarter.
Vale SA (VALE) reported its 1Q16 results on April 28, 2016. Its adjusted EBITDA came in 32% higher than the consensus EBITDA.
The Italian-American auto giant Fiat Chrysler Automobiles (FACU) released its 1Q16 earnings report on April 26, 2016.
On April 21, 2016, IBM (IBM) announced its fiscal 1Q16 results, which disappointed analysts and the Market. However, some analysts are still hopeful about IBM’s transformation and believe that its 1Q16 results show the company’s commitment toward its transformation.
Treasury yields mostly fell across the yield curve for the week ended April 29, 2016, due to weak domestic economic data.
Cliffs Natural Resources’ (CLF) results for 1Q16 beat market expectations. Here’s why.
Public Service Enterprise Group (PEG) reported its first quarter financial results on April 29, 2016. It earned $0.91 per share.
The SPDR S&P 500 ETF (SPY) fell by 0.9% on April 28, 2016. The iShares US Medical Devices ETF (IHI) fell by 0.8%.
On April 29, 2016, the S&P Consumer Discretionary slightly outperformed the S&P 500 and the S&P Consumer Staples as a whole.
In 1Q16, Suncor’s revenues of 5.6 billion Canadian dollars, or ~$4.5 billion, missed estimates by 12%. SU reported EPS of 0.17 Canadian dollars, or ~$0.14.
Exxon Mobil (XOM) posted its 1Q16 results on April 29, 2016. Its quarterly revenues surpassed Wall Street estimates by 10%.
Century Aluminum (CENX) reported an adjusted net loss of $22 million in 1Q16, which translates into adjusted EPS (earnings per share) of -$0.23.