Financial, consumer-defensive and industrials sector stocks closed higher. Union Pacific Corporation and Proctor & Gamble both released their quarterly results on Thursday. Many major U.S. corporations saw their stock prices rise following the release of earnings that exceeded analysts’ expectations. There were big gains for Morgan Stanley, Proctor & Gamble, and Union Pacific. It wasn’t all good news for Alcoa Corporation and UnitedHealth Group.
Insider Monkey discusses the 10 notable earnings reports to watch. The recent spike in coronavirus cases, according to United Airlines Holdings, Inc., will further prolong the airline’s recovery from the pandemic. In comparison to the same time in 2019, the Chicago-based airline expects its revenue to be down by 20 to 25 percent. Wednesday, January 19, 2022, was a bad day for Discover Financial Services. In the most recent quarter, the company earned $3.64 per share, up from $2.59 in the year-ago quarter. A EPS of $3.72 and revenue of $3 billion were the consensus expectations of analysts for this year’s financial results. Stock in State Street Corporation dropped more than 7% on Wednesday. For the fourth quarter, the financial services company reported a mixed set of financial results. The company’s earnings beat expectations, but revenue fell far short of expectations. U.S. Bancorp shares fell nearly 8% after the company’s profit and revenue for the fourth quarter fell short of expectations. The bank holding company based in Minnesota reported earnings per share of $1.07, up from 95 cents a year ago. As one of the largest energy infrastructure companies in the United States, Kinder Morgan is well-known. As a major player in the midstream industry, it owns and operates the necessary infrastructure to transport crude oil, natural gas, carbon dioxide, and other gases. Also, for the fourth quarter, the company declared a cash dividend of 27 cents per share. For more details, click the 10 Notable Earnings Reports To Watch.
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