Market Focus


Mastercard reported mixed results. Earnings were basically flat, while revenue growth was weaker than expected. This as the stronger dollar weighed on the company’s results. On top of that the firm offered more rebates and incentives for deals. Still, shares rose more than 1.5 percent to $96.73.

Northrop Grumman

Defense contractor Northrop Grumman posted earnings that topped estimates. Profit was higher on a tax credit and because of margin improvement. On that, the firm hiked its full-year profit guidance. Shares rose six percent to $173.44.


GlaxoSmithKline’s quarterlies topped estimates on both the top and bottom lines, sales of its AIDS medications and cost cuts helped the drug maker overcome a slump in sales of a big lung drug. Shares were two percent higher to $42.62.


Jarden reported earnings and revenue that were in-line with expectations. The CEO of the company, which is behind brands like Crock Pot and Yankee Candle, says despite concerns about performance overseas, he still sees opportunity. Shares were up two percent to $55.32.


Altria’s earnings and revenue came in better than analysts were expecting. On that, the tobacco producer raised its full-year guidance and announced a $1 billion stock buyback program. Shares were off 1.5 percent to $54.40.

Whole Foods

A disappointing late report from Whole Foods. The grocery chain missed on both fronts and same-store sales came in below estimates. To top it off, the company cut its annual sales forecast. Shares were way down in initial after-hours trading. Before the close the stock was off slightly to $40.82.

Wynn Resorts

Wynn Resorts reported profits that plunged more than 30 percent on slumping revenue from Macau. This as the Chinese government has cracked down on gambling corruption, which has hurt casino owners. It was choppy trading right after the close. Shares ended the regular trading day off two percent to $96.03.


And Marriott on the other hand beat on the bottom line, but revenue came in below forecasts. Its third quarter earnings estimates were below consensus, but the hotel operator lifted its full-year outlook. Shares were unchanged initially after the close. Before the bell the stock was three percent higher to close at $77.

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