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Apple Earnings Preview & Latest Results from Verizon, 3M, and Pfizer
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On today’s episode of Free Lunch, Ryan McQueeney recaps earnings results from Verizon, 3M, Pfizer, and Harley-Davidson. Later, he previews the upcoming report of sputtering tech behemoth Apple.
Free Lunch is presented by Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Twitter, and other major streaming platforms.
Stocks were broadly flat to mixed in morning trading today, as the day’s top earnings reports were also a bit mixed.
Verizon (VZ - Free Report) managed to top adjusted EPS estimates, but the company’s GAAP results were down significantly on a year-over-year basis after it had to take restructuring charge in its media division. Total revenue at Verizon was slightly below expectations.
3M (MMM - Free Report) , on the other hand, comfortably surpassed earnings and revenue estimates. However, top-line growth was sluggish, and management revised its 2019 profit guidance to the downside. Nevertheless, 3M investors liked what they heard in terms of future plans, lifting the stock on Tuesday morning.
Pfizer (PFE - Free Report) also filed its latest earnings results. The drug behemoth beat top- and bottom-line estimates on the back of reasonably strong growth, and its Consumer Health and Oncology units notched solid performances. Shares of Pfizer moved higher in early trading hours.
Harley-Davidson (HOG - Free Report) was probably the morning’s most disappointing report today, as U.S. motorcycle sales dropped 10%, causing the iconic brand to miss EPS estimates by a wide margin. HOG shares lost over 6% at the bell on Tuesday.
On the first half of today’s program, Ryan recaps these earnings results in greater detail, sharing the key facts and any available information on guidance. The host uses the second half of the show to preview Apple’s (AAPL - Free Report) report.
Apple will file its official results after the bell today, but Wall Street knows what to expect. The iPhone maker earlier this month issued its first profit warning in over 15 years, citing sluggish activity in its Greater China region as the major cause for its underperformance.
The iPhone has lost some clout, both in China and in the domestic market, and now Apple is really feeling the effects of economic slowdowns and rising competition. There are still places where it could seize new growth, but revenue is expected to pull back in the to-be-reported quarter, and investors have lots of questions to ask.
Ryan discusses what those questions will be, and why they matter. He also digs into the new estimates for Apple after its guidance cut. Want to hear more about what to expect from Apple this afternoon? Check out today’s Free Lunch!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Apple Earnings Preview & Latest Results from Verizon, 3M, and Pfizer
On today’s episode of Free Lunch, Ryan McQueeney recaps earnings results from Verizon, 3M, Pfizer, and Harley-Davidson. Later, he previews the upcoming report of sputtering tech behemoth Apple.
Want more video content from Zacks? Subscribe to Zacks Investment News now!
Free Lunch is presented by Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Twitter, and other major streaming platforms.
Stocks were broadly flat to mixed in morning trading today, as the day’s top earnings reports were also a bit mixed.
Verizon (VZ - Free Report) managed to top adjusted EPS estimates, but the company’s GAAP results were down significantly on a year-over-year basis after it had to take restructuring charge in its media division. Total revenue at Verizon was slightly below expectations.
3M (MMM - Free Report) , on the other hand, comfortably surpassed earnings and revenue estimates. However, top-line growth was sluggish, and management revised its 2019 profit guidance to the downside. Nevertheless, 3M investors liked what they heard in terms of future plans, lifting the stock on Tuesday morning.
Pfizer (PFE - Free Report) also filed its latest earnings results. The drug behemoth beat top- and bottom-line estimates on the back of reasonably strong growth, and its Consumer Health and Oncology units notched solid performances. Shares of Pfizer moved higher in early trading hours.
Harley-Davidson (HOG - Free Report) was probably the morning’s most disappointing report today, as U.S. motorcycle sales dropped 10%, causing the iconic brand to miss EPS estimates by a wide margin. HOG shares lost over 6% at the bell on Tuesday.
On the first half of today’s program, Ryan recaps these earnings results in greater detail, sharing the key facts and any available information on guidance. The host uses the second half of the show to preview Apple’s (AAPL - Free Report) report.
Apple will file its official results after the bell today, but Wall Street knows what to expect. The iPhone maker earlier this month issued its first profit warning in over 15 years, citing sluggish activity in its Greater China region as the major cause for its underperformance.
The iPhone has lost some clout, both in China and in the domestic market, and now Apple is really feeling the effects of economic slowdowns and rising competition. There are still places where it could seize new growth, but revenue is expected to pull back in the to-be-reported quarter, and investors have lots of questions to ask.
Ryan discusses what those questions will be, and why they matter. He also digs into the new estimates for Apple after its guidance cut. Want to hear more about what to expect from Apple this afternoon? Check out today’s Free Lunch!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>