After disappointing earnings announcements from Apple and Amazon, all major U.S. markets closed down. Following the release of their financial reports, both companies’ stock prices dropped. Merck & Co., Shopify Inc., and Mastercard were among the corporations that received attention after their quarterly results were revealed.
Here is Insider Monkey’s list of 10 stocks making headlines after earnings reports. Yum! Brands, Inc. recently reported better-than-expected third-quarter financial results. The fast-food chain earned $1.22 per share in adjusted earnings. For the quarter, same-restaurant sales increased by 5%. On Thursday, Moody’s Corporation reached a new 52-week high of $407.08. On an adjusted basis, the financial services company earned $2.69 per share. The company’s revenue for the quarter was $1.526 billion, up 13% over the previous quarter. For the third quarter, Altria Group, Inc. reported lower-than-expected adjusted earnings. Altria’s stock dropped more than 6%, hitting a nearly seven-month low. The world’s largest cigarette company reported adjusted earnings of $1.22 per share, missing the consensus estimate. Stryker Corporation shares fell more than three percent in pre-market trade on Friday. The medical technology business from Michigan announced adjusted earnings of $2.20 per share, up 2.8 percent from the previous quarter. Caterpillar Inc., on an adjusted basis, earned $2.66 per share, up from $1.52 per share in the prior quarter. Revenue was $12.4 billion, up 25% from $9.9 billion in the same time the previous year. For more details, click 10 Stocks Making Headlines After Earnings Reports.
