Tyson Foods — The poultry producer earned $1.15 per share for its latest quarter, well above estimates of 89 cents a share. It also raised its 2016 forecast and added 50 million shares to its stock buyback program.
Estee Lauder — The cosmetics maker beat estimates by 8 cents with quarterly profit of $1.19 per share, with revenue also beating forecasts. However, its fiscal 2016 forecast is below estimates, largely due to the negative impact of a stronger dollar.
Moody’s — The credit rating agency reported profit of $1.09 per share, beating estimates by 4 cents a share, with revenue also above forecasts. However, the company’s 2016 outlook falls below Street consensus, following what the company called “difficult” market conditions in 2015.
Coca-Cola — Susquehanna Financial upgraded the stock to “neutral” from “negative,” based on limited downside and the potential for merger and acquisition activity in the years ahead.
JPMorgan Chase, Goldman Sachs — UBS upgraded the stocks of both banks to “buy” from “neutral,” calling them early cycle plays in terms of eventual recovery from a slower economy.
Cameron International — The European Union cleared the acquisition of the equipment maker by Schlumberger, citing limited overlap in activities between Cameron and the oilfield services company.
Southwest Airlines —The airline reported an 11.1 percent January increase in revenue passenger miles compared to a year earlier.
Weyerhaeuser — The forest products company matched estimates with adjusted quarterly profit of 24 cents per share, with revenue slightly above forecasts. Weyerhaeuser made optimistic comments about 2016 based on the anticipated completion of its merger with Plum Creek Timber and other strategic moves.
News Corp. — The media company missed estimates by a penny with adjusted quarterly profit of 20 cents per share. Revenue was essentially in line, but News Corp.’s overall results were hurt by shrinking ad revenue and a stronger dollar.
Lions Gate — Lions Gate missed estimates by 4 cents with adjusted quarterly profit of 45 cents per share, and the movie studio’s revenue was well short of Street forecasts. The shortfall comes after the final “Hunger Games” movie did not do as well at the box office as expected.
[“source -cncb”]
