Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Caterpillar Inc. (CAT) - free report >>
Verizon Communications Inc. (VZ) - free report >>
3M Company (MMM) - 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.
Caterpillar Inc. (CAT) - free report >>
Verizon Communications Inc. (VZ) - free report >>
3M Company (MMM) - free report >>
Image: Bigstock
Q2 Earnings Season Opens the Spigot: MCD, VZ, CAT & More
Tuesday, July 26, 2016
Feeling the rising tide of Q2 earnings season yet? Following a first couple weeks of a mostly positive trickle of earnings reports released, we’ve now gone total open-spigot. Unfortunately, the news coming down the pipe isn’t as favorable, either. Let’s take a look, shall we?
McDonalds (MCD - Free Report) missed analyst estimates on both earnings and sales in its fiscal Q2. The company was quick to point out its positive comps for the second quarter in a row, but these also came short of expectations. Global comes were also lower than expected. Thus far in the pre-market, MCD shares are down more than 3%.
Verizon (VZ - Free Report) managed to beat the Zacks consensus estimate on the bottom line by two cents, but revenues came in light. Of course, the telecom major’s purchase of Yahoo’s Internet assets is what investors will be taking a closer look at going forward. This marks at least the fifth quarter in a row where Verizon has either met or beat earnings estimates.
Caterpillar (CAT - Free Report) posted a big beat over Q2 earnings estimates ahead of today’s market open, and also topped revenue estimates impressively, at least relative to the farm and mining machine major’s recent history. The 14% positive earnings surprise is the company’s strongest in the past 5 quarters for the company, whose shares are trading down over 25% over the past 5 years.
3M Corp. (MMM - Free Report) eked out a bottom-line beat by a penny, but quarterly sales came in light. The Midwestern manufacturing giant also lowered guidance for fiscal 2016. Early trading for 3M is down less than 1% from Monday’s close.
Two more solid beats from the general industrials sector this morning, as well: DuPont (DD - Free Report) posted an easy earnings beat over expectations, and United Technologies posted a solid positive earnings surprise today, as well. For a comprehensive look at Q2 earnings season, please check out Zacks Director of Research Sheraz Mian’s latest Earnings Preview article here.
Dow futures have been in negative territory all morning, but there has been a big swing from less than 10 points to more than 30, depending on the minute. Nasdaq futures have been in positive territory so far today, and the S&P 500 has been hovering around UNCHED.
Mark Vickery
Senior Editor