— provided financial updates on Tuesday that fell short of what investors and analysts were expecting.
As of last Friday, with 15% of the companies in the S&P 500 reporting results, 84% had posted positive earnings surprises and 64% had reported positive sales surprises, according to FactSet. On Sept. 30, the estimated earnings decline for Q3 2019 was 4%Attempts by the Golden Arches to lure customers in with promotions failed to gain market share from competitors like Burger King's parent company and Wendy's. McDonald'sversus $2.
Investors were unnerved, however, when management said they expect 2020 revenues to grow just 5% to $62 billion. Analysts had forecast Lockheed to guide 2020 sales up north of 6%. The stock fell 0.6% in afternoon trading.Shares of the insurer sank more than 6% after posting a profit of $1.43 per share, a big miss versus analysts' expectations of $2.35 earnings per share, according to Refinitiv. The miss was driven by a sharp increase in reserves during the quarter.
that topped analyst expectations. Procter & Gamble reported earnings per share of $1.37 versus expectations of $1.24, driven by its beauty, health care and fabric and home care lines, the company said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Hi
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 things to know before the stock market opens TuesdayHere's what you need to know before the stock market opens: 1. The UK is facing Big Brexit votes. 2. SoftBank looking to take control of WeWork.
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street opens higher on upbeat earnings, healthcare boostWall Street opened higher on Tuesday after a batch of upbeat earnings reports ea...
Source: Reuters - 🏆 2. / 97 Read more »
S&P 500, Dow gain on upbeat earnings reports; Facebook pressures NasdaqThe S&P 500 and Dow Jones indexes rose on Tuesday, as upbeat earnings reports ea...
Source: Reuters - 🏆 2. / 97 Read more »
Stocks making the biggest moves midday: Biogen, McDonald's, UPS and moreThese are the stocks posting the largest moves in midday trading. BMS Our mission at is to build the social news network that ends fake news. Follow us Overlooked_Inc I got news for you. UPS is soooooooo slow this year. Volume is way down. They had already told their seasonal drivers to take several days off due to low volume which has never happened. They are not going to do good this year. Trailers are moving with 40% loads vs 100% last yr
Source: CNBC - 🏆 12. / 72 Read more »
UPS shares fall, despite earnings beat, as COO retirement throws wrench in succession plansUnited Parcel Service's strong earnings report Tuesday was overshadowed by news of the retirement of Chief Operating Officer Jim Barber, who was long viewed as the company's next CEO. None of my UPS drivers are happy anymore They are all very angry and feel abused Some of the hardest workers I know
Source: CNBC - 🏆 12. / 72 Read more »
McDonald's slides as weak US growth leads to earnings miss - Business InsiderThe fast-food chain said US same-store sales growth slowed to 4.8% during the third-quarter, down from 5.7% the prior period.
Source: BusinessInsider - 🏆 729. / 51 Read more »