After today's market close, we see another group of prominent S&P 500 companies reporting Q2 earnings. Results from IBM Corp. (IBM - Free Report) , CSX Corp. (CSX - Free Report) and United Continental (UAL - Free Report) were among the headline-takers.
Transformation struggles for IBM continue. Shares of the tech major beat estimates on the bottom-line from $2.73 per share expected to $2.97 reported today. But revenues of $19.3 billion missed the $19.46 billion in the Zacks consensus estimate. This marks the 21st straight quarter of declining revenues for Big Blue. That said, the company affirmed fiscal year guidance of $13.80 per share. This would require a strong second-half of 2017 for IBM.
Locomotive, shipping and logistics firm CSX posted impressive results for its Q2: earnings of 64 cents per share easily topped the 59 cents expected, which itself demonstrated nearly 25% year over year growth. Revenues of $2.93 billion also topped estimates. Further, the company announced a new $500 million share buyback program. The lauding of Hunter Harrison as a railroad wunderkind continues.
United Continental, enduring a quarter with plenty of negative press regarding an on-plane incident (or three) this past spring, managed to post a positive surprise on both top and bottom lines: $2.75 per share beat the Zacks consensus by a dime, and revenues of $10.0 billion beat the $9.96 billion expected. PRASM (which had been reported prior to today's earnings report) was in-line for the quarter, as were margins overall, but United shares are selling on the news. The stock had been up 9% year to date.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
After today's market close, we see another group of prominent S&P 500 companies reporting Q2 earnings. Results from IBM Corp. (IBM - Free Report) , CSX Corp. (CSX - Free Report) and United Continental (UAL - Free Report) were among the headline-takers.
Transformation struggles for IBM continue. Shares of the tech major beat estimates on the bottom-line from $2.73 per share expected to $2.97 reported today. But revenues of $19.3 billion missed the $19.46 billion in the Zacks consensus estimate. This marks the 21st straight quarter of declining revenues for Big Blue. That said, the company affirmed fiscal year guidance of $13.80 per share. This would require a strong second-half of 2017 for IBM.
Locomotive, shipping and logistics firm CSX posted impressive results for its Q2: earnings of 64 cents per share easily topped the 59 cents expected, which itself demonstrated nearly 25% year over year growth. Revenues of $2.93 billion also topped estimates. Further, the company announced a new $500 million share buyback program. The lauding of Hunter Harrison as a railroad wunderkind continues.
United Continental, enduring a quarter with plenty of negative press regarding an on-plane incident (or three) this past spring, managed to post a positive surprise on both top and bottom lines: $2.75 per share beat the Zacks consensus by a dime, and revenues of $10.0 billion beat the $9.96 billion expected. PRASM (which had been reported prior to today's earnings report) was in-line for the quarter, as were margins overall, but United shares are selling on the news. The stock had been up 9% year to date.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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