News Formal

Are high-profile earnings misses a problem for the markets?

  • 📰 CNBC
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Caterpillar missed Wall Street's estimates on earnings, even though the Street has been well aware of Caterpillar's problems, said Nick Raich of the Earnings Scout.

gave very poor revenue guidance for the fourth quarter, roughly 11% below consensus.

Raich also noted that most of these large misses are either company specific or sector specific. The issue of Boeing and the 737 Max jet are well known. FedEx had many company specific issues; its competitor UBS did not report the same type of problems. McDonald's reported U.S. same store sales below expectations, but there was significant traffic diversion around the "chicken sandwich" wars at competitors like Popeye's.

Raich notes that the Street has been well aware of Caterpillar's problems , reflected in the fact that the stock is up only 5% this year. "The stock reaction is telling you, bad news is already priced in," Stefanie Link with Nuveen said on our air today.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Caterpillar shares tank after company cuts forecast again, earnings badly miss the Street
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Wall Street opens higher on upbeat earnings, healthcare boostWall Street opened higher on Tuesday after a batch of upbeat earnings reports ea...
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »