Category: Stock Market News

SodaStream International Ltd. shares were up 13.6% in Tuesday premarket trading after the company said second-quarter earnings beat expectations. Net income totaled $7.8 million, or 37 cents per share, up from $960,000, or 5 cents per share, for the same period last year. The FactSet consensus was 21 cents per share. Revenue for the quarter totaled $119.2 million, up from $99.8 million for the same period last year, and beating the $106 million FactSet consensus. Revenue growth was attributed to a brand repositioning around sparkling water, according to Daniel Birnbaum, SodaStream chief executive officer, and an increase in sparkling water sales. SodaStream shares are up nearly 49% for the year so far while the S&P 500 Index is up 6.2% for the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Discovery Communications Inc. reported improved second-quarter earnings on Tuesday that came in above Wall Street expectations. Net income for the quarter was $408 million, or 66 cents per share, compared with $286 million, or 44 cents during the same quarter last year. Adjusted earnings for the quarter were 71 cents, above the 57 cents per-share FactSet consensus. Revenue for the quarter hit $1.708 billion, compared with $1.654 billion in the year earlier period. The FactSet consensus on revenue was $1.710 billion. Advertising revenue for Discovery’s U.S. networks was $471 million during the second quarter, an improvement compared with last year’s $447 million during the same quarter. Discovery shares were inactive in premarket trade and are down more than 7% in the year to date, underperforming the S&P 500 Index , which is up more than 6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Archer Daniels Midland Co. earnings fell to $284 million, or 48 cents per share, from $386 million, or 62 cents per share in the year-earlier period. Adjusted earnings per share were 41 cents, compared with the FactSet consensus of 45 cents. Revenue fell to $15.6 billion from $17.2 billion, below the FactSet consensus of $16.9 billion. The company said that after a “challenging” first half of 2016, with improved fundamentals it expected a “more favorable second half of the year.” The stock gained 9.9% over the last three months, compared with a 4.3% rise in the S&P 500 .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Procter & Gamble Co. reported Tuesday fiscal fourth-quarter earnings that rose to $1.95 billion, or 69 cents a share, from $521 million, or 18 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share fell 15% to 79 cents, but beat the FactSet consensus of 74 cents. Revenue fell 3% to $16.10 billion from $16.55 billion, but was above the FactSet consensus of $15.83 billion. Declines in beauty, fabric & home care and baby, feminine & family care sales offset growth in grooming and health care sales. For fiscal 2017, the consumer products giant expects adjusted EPS growth in the mid-single digits percentage range, while the FactSet EPS consensus of $3.95 implies 7.6% growth. The stock, which was little changed in premarket trade, has climbed 8.8% year to date while the Dow Jones Industrial Average has gained 5.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Drug maker Pfizer Inc. on Tuesday posted second-quarter results that exceeded Wall Street’s targets. Net earnings were $2.01 billion, or 33 cents a share, compared with $2.63 billion, or 42 cents a share, a year ago. Pfizer’s revenue rose to $13.15 billion from $11.85 billion in the year-earlier period. Adjusted earnings came in at 64 cents a share. Analysts polled by FactSet had expected adjusted earnings of 62 cents a share, on revenue of $13.01 billion. Pfizer reaffirmed its 2016 view for revenue of $51 billion to $53 billion, and its adjusted-earnings forecast of $2.38 to $2.48 a share.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

While introducing Hillary Clinton at a presidential campaign rally in Omaha, Nebraska, on Monday, billionaire Warren Buffett challenged Donald Trump over his war of words with the family of a fallen Muslim U.S. soldier. “I ask Donald Trump: ‘Have you no sense of decency, sir?'” Buffett said, comparing the incident with the anti-communist McCarthy hearings in the 1950s. Buffett also dismissed Trump’s claim that building his business empire constituted a sacrifice, while noting that his own family had not suffered as has the family of Army Capt. Humayun Khan, who was killed in Iraq. “Me, my family . . . Trump and his family have sacrificed nothing; building buildings is not sacrifice,” Buffett said. The founder of Berkshire Hathaway also called for the Republican nominee to release his tax return. Buffett said he, like Trump, is under an IRS audit, and volunteered to meet with Trump and go over each other’s tax returns together. Buffett also urged voters to turn out in November, and said he would help drive people to the polls who otherwise would not get out to vote.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Tenet Healthcare Corp. shares declined in the extended session Monday after the hospital operator’s earnings and outlook fell well below Wall Street estimates. Tenet shares fell 5.7% to $27.25 after hours. The company reported adjusted second-quarter earnings of 38 cents a share on net operating revenue of $4.87 billion. Analysts surveyed by FactSet had estimated earnings of 52 cents a share on revenue of $4.82 billion. Tenet forecast adjusted third-quarter earnings of 10 cents to 25 cents a share, while analysts had estimated 43 cents a share.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Amkor Technology Inc. shares rallied in the extended session Monday after the chip packaging and testing service company’s earnings and outlook topped Wall Street estimates. Amkor shares jumped 11% to $7.16 after hours. The company reported earnings of 2 cents a share on revenue of $917.3 million. Analysts surveyed by FactSet had forecast a loss of 8 cents a share on revenue of $876.2 million. Amkor forecast third-quarter earnings of 12 cents to 28 cents a share on revenue of $1.01 billion to $1.09 billion. Analysts had estimated earnings of 9 cents a share on revenue of $943 million.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Williams Cos. late Monday said it will cut its dividend to 20 cents a share in the third quarter, from 64 cents a share. The energy company reported a second-quarter loss of $405 million, or 54 cents a share, compared with a net income of $114 million, or 15 cents a share, in the year-ago period. Adjusted for one-time items, the company reported earnings of 19 cents a share in the quarter. Analysts polled by FactSet had expected Williams Cos. to report adjusted earnings of 22 cents a share. Williams Cos shares rose 4% in the after-hours session after ending the regular trading day down 6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

The Dow Jones Industrial Average and S&P 500 Index closed lower Monday as oil prices slipped, while the Nasdaq Composite Index finished at its highest level in more than a year. The Dow industrials closed down 27.73 points, or 0.2%, at 18,404.51, weighed by more than 3% drops in shares of Exxon Mobil Corp. and Chevron Corp. The S&P 500 declined 2.76 points, or 0.1%, at 2,170.84, as the energy sector dropped 3.3%. Oil prices settled down 3.7% at $40.06 a barrel. The Nasdaq rose 22.06 points, or 0.4%, to close at 5,184.20, its highest close since July 21, 2015.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News