Stock Analysts

Leggett (LEG) Tops on Q2 Earnings & Sales, Trims 2018 View

Leggett & Platt Inc. LEG reported better-than-expected results in the second quarter of 2018, buoyed by solid contribution from several businesses including Automotive, Bedding, Adjustable Bed, Aerospace, Geo Components and Work Furniture. However, soft demand for Home Furniture and Fashion Bed partially offset the positives […]

Stock Analysts

Semiconductor Stocks’ Earnings on Jul 30: ON, IDTI & More

The Q2 earnings cycle is in full swing with a number of semiconductor companies slated to report quarterly numbers over the next few days. The industry serves as a driver, enabler and indicator of technological progress. According to the latest Earnings Preview , technology is one of the six sectors predicted to report double-digit earnings growth this quarter […]

Stock Analysts

Business Services Stock Earnings on Jul 30: FDC, BKI & More

We are in the thick of the second-quarter earnings season, which is showing overall growth. Per the latest Earnings Outlook , 217 S&P 500 companies (who collectively account for 54.1% of the index’s total market capitalization) have already reported results. Total earnings of these companies increased 21.8% from the same period last year on 8.8% higher revenues, with 81.6% beating EPS estimates and 72.8% beating revenue estimates […]

Stock Analysts

Cloud Peak Energy (CLD) Lags Q2 Earnings & Sales Estimates

Cloud Peak Energy ’s CLD loss of 39 cents per share in second-quarter 2018 was wider than the Zacks Consensus Estimate of a loss of 15 cents. Also, the figure is wider than the loss of 9 cents in the prior-year quarter. Revenues Revenues totaled $205.7 million, missed the Zacks Consensus Estimate of $223 million by 7.8% […]

Economic Data

Q2 GDP 4.1% Highest in 16 Quarters

Friday, July 27, 2018 The hotly anticipated Q2 Gross Domestic Product (GDP) headline has hit the tape ahead of Friday’s opening bell, and the results are very good (but not “great”): 4.1% in the first read, subject to revisions in future months. This is down from the consensus estimate that had been creeping up in recent days and weeks — the overall estimate had been expected a tick or two higher, with some forecasting a 5-handle, which we haven’t seen in the U.S. economy since Q3 of 2014. […]

Economic Data

Earnings From TWTR, XOM, CVX

The hotly anticipated Q2 Gross Domestic Product (GDP) headline has hit the tape ahead of Friday’s opening bell, and the results are very good (but not “great”): 4.1% in the first read, subject to revisions in future months. This is down from the consensus estimate that had been creeping up in recent days and weeks — the overall estimate had been expected a tick or two higher, with some forecasting a 5-handle, which we haven’t seen in the U.S. economy since Q3 of 2014. […]