Abbott sticks to earlier forecasts, disappoints investors
(Reuters) – Abbott Laboratories’ just beat expectations for first quarter profits and revenue on Wednesday but stuck to a full-year profit forecast some investors had expected would be raised, sending the healthcare company’s shares lower.
Energy, industrial stocks keep Wall St. afloat; IBM drags
(Reuters) – Wall Street edged higher in a volatile morning session on Wednesday as industrial stocks gained on strong results from some marquee companies and a jump in oil prices boosted energy stocks.
Morgan Stanley executives tamp down enthusiasm on record profit
(Reuters) – Morgan Stanley reported record first-quarter profit on Wednesday thanks to a surge in trading activity, much like other Wall Street banks, but executives warned results through the rest of the year may not be quite as strong.
S&P posts slight gains on industrials, IBM drags
(Reuters) – The benchmark S&P 500 index posted slight gains on Wednesday, helped by gains from industrial and energy stocks, but IBM’s disappointing results and a sell-off in semiconductor stocks weighed on the Nasdaq and the Dow.
VW’s Electrify America to install EV chargers at Walmart stores
DETROIT (Reuters) – Volkswagen AG unit Electrify America will install electric vehicle charging stations at more than 100 Walmart Inc store locations in 34 U.S. states by mid-2019 as part of Electrify’s plans to bolster charging infrastructure across…
Wall Street opens higher on strong earnings, oil
(Reuters) – U.S. stock indexes opened higher on Wednesday after the latest batch of earnings including Morgan Stanley added to optimism about the U.S. corporate reporting season, while a jump in oil prices lifted energy stocks.
China’s ZTE delays earnings release following U.S. export ban
(Reuters) – Chinese smartphone maker ZTE Corp on Wednesday postponed the release of quarterly earnings, saying it needs time to assess the impact of a U.S. government order that bans American companies from selling it parts.
Morgan Stanley warns on volatility after profit jump
(Reuters) – Morgan Stanley tracked arch rival Goldman Sachs in delivering stronger-than-expected results on Wednesday, but sounded a note of caution about the impact of trade tensions and geopolitical concerns on future trading revenue.
Abbott’s quarterly profit, sales beat Street estimates
(Reuters) – Abbott Laboratories’ first-quarter profit and sales beat analysts’ estimates on Wednesday but some investors were disappointed as the healthcare company maintained its full-year profit forecast.
Morgan Stanley profit beats estimates on trading boost
(Reuters) – Morgan Stanley posted a better-than-expected first-quarter profit on Wednesday, as its trading business drew strength from increased market volatility in line with other major banks.
