McDonald’s Corporation and Bristol-Myers Squibb Company are making news after reporting earnings that exceeded expectations. Twilio Inc.’s stock dropped after the company issued a bleak fourth-quarter outlook. Other companies generating news include O’Reilly Automotive, Inc., Ford Motor Company, and Xilinx.
Here is Insider Monkey’s list of 10 stocks that beat profit expectations. On Wednesday, Automatic Data Processing, Inc. stock reached a new 52-week high of $224.76. The company’s fiscal first-quarter results were better than predicted. The company’s revenue for the quarter increased 10% year over year to $3.8 billion. O’Reilly Automotive, Inc. has reported another strong quarter. For the third quarter, the auto parts merchant posted earnings of $8.07 per share. Revenue came in at $3.48 billion, which was more than the average projection of experts. Ford Motor Company, on an adjusted basis, earned 51 cents per share. The Detroit, Michigan-based manufacturer was expected to earn 27 cents per share, according to analysts. Revenue for the quarter fell 5% year over year to $37.5 billion, but it was still more than the consensus expectation. In the after-hours trading session, Xilinx, Inc. stock hit an all-time high. The company’s second-quarter financial results exceeded forecasts. The company’s revenue for the quarter increased by 22% year over year to $936 million, a new high. The Coca-Cola Company reported a strong third-quarter profit and sales. The beverage behemoth from Georgia posted adjusted earnings of 65 cents per share, up from 55 cents in the prior quarter. It brought in $10.04 billion in sales, representing a 16.1% increase. For more details, click 10 Stocks That Beat Profit Expectations.
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