Jan 27- Procter& Gamble Co, the world's largest household products maker, said it no longer expects sales and core earnings growth this year, joining a host of companies in blaming a strong dollar for disappointing results and outlooks. P&G, which derives roughly two-thirds of revenue outside the United States, also reported lower-than-expected quarterly...
Analyst differ on whether Microsoft can climb back out of the hole following its stock's latest plummet.
The Street Signs crew looks ahead to earnings from Apple, US Steel and Boeing.
Dan Morris, Global Investment Strategist, TIAA-CREF, and Charles Bobrinskoy, Vice Chairman & Portfolio Manager, Ariel Investments, discuss what's causing such volatility in the markets, and when the Fed is likely to hike rates.
*Caterpillar, Microsoft shares slide after results. Industrial shares also underperformed, led by a decline in Caterpillar. Heavy machinery marker Caterpillar gave an outlook below expectations, warning that the recent plunge in oil prices would hurt its energy equipment business.
SAN FRANCISCO— Microsoft shares plunged more than 10 percent Tuesday after the software giant reported quarterly revenue that beat expectations but warned that a weak PC market and a strong dollar will curb growth this year. Microsoft showed promising signs of growth in new businesses, such as cloud computing, but Chief Financial Officer Amy Hood forecast...
Shares of Microsoft, down 9.1 percent, and Caterpillar, down nearly 8 percent, were among the biggest drags on U.S. stocks. Microsoft's results showed the main engine of its historic earnings power, selling Windows and Office software to big businesses, is waning. Caterpillar's quarterly profit came in below analysts' expectations and the company warned that...
*Caterpillar, Microsoft shares slide after results. NEW YORK, Jan 27- U.S. stocks tumbled on Tuesday, with Microsoft and Caterpillar shares down sharply after quarterly results, while an unexpected decline in durable goods orders also weighed on sentiment. Microsoft fell nearly 9 percent to $42.93 the day after the Dow component reported results.
Microsoft received 4 downgrades today following its earnings report. The FMHR traders play the name.
United Technologies cut its full-year outlook because of the negative impact of a stronger dollar as the U.S. conglomerate reported higher earnings.
The Fast Money traders have the play on the strong dollar and disappointing earnings this quarter.
Jan 27- Nucor Corp, the No. 1 U.S. steelmaker by market capitalization, reported a better-than-expected quarterly profit due to increases in selling price and shipments. Nucor also forecast its profit for the first quarter to be slightly higher than the $111 million, or 35 cents per share, it reported a year earlier. Net profit attributable to Nucor rose 23 percent...
Shares of Microsoft and Caterpillar weighed on U.S. stocks. Microsoft's results showed the main engine of its historic earnings power, selling Windows and Office software to big businesses, is waning. Caterpillar's quarterly profit came in below analysts' expectations and it warned that lower oil prices will hurt 2015 results.
*Forecasts earnings $10.80- $11.10/ share vs est $11.49. Jan 27- Lockheed Martin Corp, the Pentagon's largest arms supplier, forecast 2015 earnings below analysts' estimates due to lower pension income. The maker of the F-35 fighter jet, satellites and coastal warships has been hurt as the Pentagon tries to cut about $1 trillion in projected spending from its...
The Dow was off 357 points, or 2 percent, to 17,321 as of 10:42 a.m. Eastern time Tuesday and at one point slid as much as 390 points. Caterpillar and Microsoft, which are members of the Dow, reported weaker results, and their shares fell sharply. Orders for long-lasting manufactured goods fell 3.4 percent in December following a 2.1 percent decline in November, the...
Ann Duignan, Managing Director and Machinery & Multi-Industry Analyst, JPMorgan, takes a closer look at Caterpillar earnings and disappointing guidance.
MUNCIE, Ind. _ First Merchants Corp. on Tuesday reported fourth-quarter earnings of $15.3 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 41 cents per share. First Merchants shares have fallen slightly since the beginning of the year.
NEW YORK— The Dow Jones industrial average drops 350 points after weak earnings and economic reports.
Pfizer reported stronger-than-expected quarterly results as sales of vaccines and cancer drugs increased.
The companies that rattled the market included Microsoft, Caterpillar and Procter& Gamble. It was the biggest one-day decline for the blue-chip index since Jan. 5. "That theme,' Boy, this is the year earnings are going to come back,' suffered a little bit of a setback," said Sean Lynch, co-head of global equity strategy at Wells Fargo Investment Institute.