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Companies From Several Industries to Report Q4 Earnings


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With investors' attention being drawn toward the end of this trading week - including another possible U.S. government shutdown at the end of this week, hopes of U.S./China trade negotiations making some progress before the March 1 deadline, statements from Federal Reserve members and a Brexit vote on Thursday - we still have Q4 earnings reports to digest through this, the last of the earnings-heavy weeks from a wide variety of industries. Beginning next week we start hearing from retailers, who often have a quarter-end at January instead of December in order to account for holiday sales gains.

After today's market close, we look forward to earnings reports from companies such as Vornado Realty  VNO  and Zacks Rank #1 (Strong Buy) Molina Healthcare  MOH . Later in the week we hear from Under Armour  UAA , Nvidia  NVDA , Coke  KO , Pepsi  PEP  and CBS  CBS .

This morning, well-known conglomerate  Loews Corp. (L  came in woefully shy of expectations, based on higher quarterly costs and overall operating revenues which fell 4.7% year over year. Loews, the parent company of insurance company  CNA Financial  CNA  and E&P staple  Diamond Offshore Drilling  DO , saw lower-than-expected results from both of these two components of its business.

Diamond Offshore missed expectations on the bottom line by 2 cents per share to a loss of 42 cents, on quarterly revenues of $232.5 million which tumbled 5.8% year over year. But it was CNA's numbers that really hurt Loews in the quarter: -8 cents per share was reported when expectations were for 81 cents in profit. Core income was -22.7% off estimates, and -94% year over year. All 3 companies had Zacks Rank #4 (Sell) ratings ahead of the earnings reports.


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CBS Corporation (CBS): Free Stock Analysis Report

Pepsico, Inc. (PEP): Get Free Report

Coca-Cola Company (The) (KO): Get Free Report

Loews Corporation (L): Get Free Report

CNA Financial Corporation (CNA): Get Free Report

Molina Healthcare, Inc (MOH): Get Free Report

Diamond Offshore Drilling, Inc. (DO): Get Free Report

Under Armour, Inc. (UAA): Get Free Report

NVIDIA Corporation (NVDA): Get Free Report

Vornado Realty Trust (VNO): Get Free Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , Earnings , Economy
Referenced Symbols: CBS , PEP , KO , L , CNA




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