Intuitive Surgical (NASDAQ: ISRG) beat revenue and earnings expectations for the third quarter of 2019, sending the shares climbing 4.4% in aftermarket hours on Thursday. Total revenue grew 23% year-over-year to $1.12 billion, beating estimates of $1.06 billion. The growth in revenue was driven by increased procedures and systems placements.   GAAP net income was $397…
There has been a lot of buzz around Netflix’s (NYSE: NFLX) third quarter 2019 earnings results that released on Wednesday. While some have raised concerns regarding the impact of the upcoming competition on Netflix and its user growth, I am among those who remain fairly optimistic. Firstly, in terms of subscriber growth, while the Q3…
Union Pacific Corporation (NYSE: UNP) reported a 2% decline in earnings for the third quarter of 2019 due to lower volumes, decreased fuel surcharge revenue, and negative mix. The results missed analysts’ expectations. Net income decreased by 2% to $1.56 billion while earnings per share rose by 3% to $2.22 on lower weighted average diluted…
Morgan Stanley (NYSE: MS) beat third quarter 2019 earnings and revenue estimates sending its shares up about 4% in the before-market hours. The banking giant posted adjusted earnings of $1.21 per share and GAAP earnings of $1.27 per share in the September quarter. Revenue for the third quarter of 2019 rose 2% from the year-ago…
Swedish firm Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) on Thursday reported solid quarterly and results strong guidance, riding on global the 5G wave. For the third quarter, the telecommunications firm’s revenue grew 6% to SEK 57.1 billion, riding on growth in North America and North East Asia. Meanwhile, the company swung to a loss of SEK…
Philip Morris International Inc. (NYSE: PM) beat earnings estimates for the third quarter of 2019 but revenues missed expectations. Shares were up by 1.1% in premarket hours on Thursday. Total revenues of $7.64 billion rose 1.8% from last year but fell slightly below forecasts of $7.67 billion.   Reported EPS fell 15.3% year-over-year to $1.22…
— Snap-on Incorporated (NYSE: SNA) reported third-quarter 2019 earnings of $2.96 per share, versus $2.94 per share expected. — Net sales rose 0.4% to $901.8 million, versus $909.6 million expected. The results were driven by a 1.4% increase in organic sales and acquisition-related sales. Courtesy: Snap-on / Facebook post — Sales from the Commercial &…
Honeywell International Inc. (NYSE: HON) reported higher earnings for the third quarter of 2019, despite a decline in sales. Adjusted earnings exceeded analysts’ expectations, while sales missed. The company also revised up its full-year earnings guidance. The stock dropped modestly early Thursday, immediately after the announcement. Earnings, excluding special items, rose 2.4% year-over-year to $2.08…
— Textron Inc (NYSE: TXT) reported third-quarter 2019 earnings of $0.95 per share, vs. $0.85 per share expected. — Revenues grew 2% to $3.26 billion, vs. $3.32 billion expected. — Narrows full-year EPS guidance to $3.70 to $3.80. — Outlook on full-year cash flow revised to a range of $600 million to $700 million, from…
— KeyCorp (NYSE: KEY) reported third quarter 2019 earnings of $0.48 per share vs. $0.46 per share expected. — Revenues grew 1.7% to $1.63 billion vs. $1.64 billion expected. — Taxable equivalent net interest income fell 1.3% to $980 million versus last year. — Non-interest income grew 6.7% to $650 million versus the prior-year period.…