Category: Stock Market
The numbers: The economy grew at an annual 2.6% pace in the third quarter, rebounding from two consecutive declines in the first half of the year that ignited debate about whether the U.S. had sunk into a recession. The official resumption of growth was driven largely by a shrinking trade deficit and masked emerging weak […]
The Dow Jones Industrial Average’s DJIA, +1.40% components that reported quarterly results ahead of Thursday’s provided the bulk of the index’s early gains after all beat profit expectations. The combined implied shares price gains of Honeywell Corp. HON, +4.31%, Caterpillar Inc. CAT, +9.06%, McDonald’s Corp. MCD, +3.18% and Merck & Co. Inc. MRK, +2.84% would […]
Shares of Mastercard Inc. MA, -0.99% were dipping 0.8% in premarket trading Thursday, though the payments giant topped expectations with its latest revenue and earnings numbers. The company generated third-quarter net income of $2.50 billion, or $2.58 a share, compared with $2.41 billion, or $2.44 a share, in the year-earlier period. After adjustments, Mastercard earned […]
William Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C., newsrooms.
Shares of Western Digital Corp. WDC, +1.93% dropped 2.1% in premarket trading Thursday, after the data storage company reported fiscal first-quarter profit that was well below expectations even as revenue beat, and also provided a downbeat outlook for the current quarter. Net income fell to $27 million, or 8 cents a share, from $610 million, […]
Shares of Labcorp LH, -6.37% tumbled 4.7% in premarket trading on Thursday after the diagnostics company said revenue in the third quarter of 2022 came in lower than expected as fewer people got PCR or antigen tests for COVID-19. Labcorp had earnings of $352.8 million, or $3.90 per share, in the third quarter of 2022, […]
McDonald’s Corp. shares MCD, +0.34% soared 2.6% in premarket trade Thursday, after the fast-food giant blew past estimates for the third quarter. The company posted net income of $1.982 billion, or $2.68 a share, for the quarter, down from $2.149 billion, or $2.86 a share, in the year-earlier period. Revenue fell to $5.872 billion from […]
Shares of Southwest Airlines Co. LUV, -0.72% jumped 2.6% in premarket trading Thursday, after the air carrier reported third-quarter profit beat expectations and load factor that exceeded pre-pandemic levels, as leisure travel demand remained strong and business travel trends improved. Net income fell to $277 million, or 44 cents a share, from $446 million, or […]
An earlier version of this report had a typo in the adjusted EPS figure, It has been corrected. Caterpillar Inc. shares CAT, +1.09% rose 3.6% in premarket trade Thursday, after the construction and mining equipment maker topped estimates for the third quarter. Caterpillar posted net income of $2.0141 billion, or $3.87 a share, for the […]
Shares of Honeywell International Inc. HON, +0.33% were up about 1% in premarket trading Thursday after the conglomerate housing aerospace, materials, and other businesses raised its full-year profit forecast and highlighted that its backlog gives “confidence” in the demand roadmap despite challenging economic conditions. The company reported net income of $1.55 billion, or $2.28 a […]