The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
Check out which companies are making headlines before the bell:
Boeing – The jet maker earned $1.97 per share for the first quarter, above estimates of $1.81. Revenue was slightly shy of forecasts, but the company reaffirmed its full year guidance for both earnings and revenue. Boeing also delivered 184 commercial jets compared to 161 in the year ago quarter, and also met its goal of delivering 30 787 jets during the quarter.
Coca-Cola – Coke earned an adjusted 48 cents per share for the first quarter, six cents above estimates, with revenue also above forecasts. Global case volume did fall short of estimates, although the company delivered a better than expected quarter in the European market.
Thermo Fisher Scientific – The life sciences company earned an adjusted $1.63 per share for its latest quarter, two cents above estimates, but revenue was below forecasts. Thermo Fisher expects the strong dollar to impact its sales this year, but nonetheless raised its 2015 earnings forecast.
Nielsen – The provider of rating services missed estimates by one cent with quarterly profit of 46 cents per share, with revenue also slightly below estimates. Nielsen did raise its quarterly dividend by 12 percent to 28 cents per share.
AutoNation – The auto retailer earned an adjusted 97 cents per share for its latest quarter, eight cents above estimates, with revenue above forecasts as well. Is results were helped by easier credit and lower fuel prices.
EMC – The maker of data storage products came in five cents below estimates with adjusted quarterly profit of 31 cents per share, and revenue was also below Street forecasts. EMC is also predicting full year profit of $1.91, below estimates of $1.97, due to the impact of the strong dollar.
D.R. Horton – The homebuilder beat on the bottom line by two cents with earnings of 40 cents per share, and revenue also came in above estimates. Horton saw a surge in orders during its latest quarter, as well as closings.
Angie's List – The review site operator reported an unexpected profit of seven cents per share, compared to predictions of a breakeven quarter, though revenue was shy of estimates. Its results were helped by a drop in marketing costs.
Yahoo – Yahoo reported adjusted quarterly profit of 15 cents per share, three cents below estimates. Revenue was also below forecasts despite increases in both display ad revenue and search business revenue. Separately, Yahoo announced it has hired advisors to consider options for its stake in Yahoo Japan.
Amgen – Amgen earned an adjusted $2.48 per share for its latest quarter, 38 cents above estimates, with revenue beating forecasts as well. The biotech company also raised its full year forecast, thanks to higher prices for its drugs and lower expenses.
Chipotle Mexican Grill – Chipotle beat estimates by 22 cents with quarterly profit of $3.88 per share, with revenue essentially in line. The restaurant chain did say that the removal of pork from many of its restaurants will impact sales this year.
Yum Brands – Yum came in eight cents above estimates with adjusted quarterly profit of 80 cents per share, with revenues in line. The company's widely watched China comparable store sales figure showed a 12 percent drop, but Yum said the China market is showing signs of recovery.
VMWare – VMWare earned an adjusted 86 cents per share for its latest quarter, two cents above estimates, with revenue very slightly above Street forecasts. The maker of virtualization software did see its slowest sales growth in nearly two years, as corporate spending remained restrained and the strong dollar impacted overseas revenue.
– Broadcom reported adjusted quarterly profit of 64 cents per share, four cents above estimates, and revenue also beat analyst forecasts. The maker of wireless semiconductors saw strong sales of WiFi and broadband chips during the quarter.
Intuitive Surgical – The company missed estimates by 30 cents with adjusted quarterly profit of $3.57 per share, with revenue also falling below analyst projections. The surgical products maker said it is still working on improving efficiency and costs for its newer products.
Facebook — Facebook is one of the companies reportedly interested in Nokia's maps business, according to a German magazine. A consortium of automakers that includes BMW, Audi, and Daimler is also said to be interested.
Sony – Sony now expects operating income for the just-concluded fiscal year to be more than three times higher than it had previously predicted, and it has also lifted its sales forecast for the current year. The company cites improvement in its music, videogame, and financial services businesses, among others.
Questions? Comments? Email us at email@example.com