See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
The Boeing Company (BA) - free report >>
Apple Inc. (AAPL) - free report >>
CocaCola Company (The) (KO) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Boeing Company (BA) - free report >>
Apple Inc. (AAPL) - free report >>
CocaCola Company (The) (KO) - free report >>
Image: Bigstock
Q3 Earnings, Earnings, Earnings! BA, HLT, KO, MDLZ, AAPL
Wednesday, October 26, 2016
Futures are down again in the pre-market today, following a marginally down day Tuesday, as Q3 earnings season digests the pig through the python. Yesterday’s one-cent beat by Apple (AAPL - Free Report) was overshadowed by its first sales decline year over year in a decade and a half. But there are plenty more quarterly earnings results on the front burner:
Aerospace giant Boeing (BA - Free Report) recorded a beat on top and bottom lines before the bell today — $2.81 per share topped the $2.62 expected, on sales of $23.9 billion over the $23.5 billion in the Zacks consensus estimate. These revenues are down year over year, but fiscal 2016 guidance for Boeing of $6.80-$7.00 per share is well above the $6.32 expected.
Hilton Worldwide (HLT - Free Report) just met earnings per share of 23 cents, but just missed revenue estimates of $3.01 billion by posting $2.94 billion in the quarter. RevPAR comps were up 1.3% (currency neutral basis). Shares of the major hotelier are down more than 3.5% over the past month.
Coca-Cola (KO - Free Report) beat on both top and bottom lines, outperforming earnings by a penny at 49 cents per share, and sales of $10.63 billion topped the $10.55 billion in the Zacks consensus estimate. Pre-market shares of KO are up 1.3%.
International snack giant Mondelez (MDLZ - Free Report) posted a strong beat on earnings — 52 cents per share easily knocking off the 43 cents expected — but missed sales estimates of $6.46 billion by $6 million or so. These numbers are also down from a year ago’s $6.85 billion. Yet pre-market activity has been positive for Mondelez, up 2.3% in early trading.
Also, the September trade deficit was better than expected at -$56.08 billion. However, with recent strength in the dollar overseas, analysts aren’t expecting big positive results to last looking forward.
Mark Vickery
Senior Editor
Click here to follow this author>>