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New Q4 Earnings Reports Hit The Tape

A slew of new Q4 earnings reports hit the tape this morning, covering a wide range of industries from pharma to airlines to media. Included among these are some buy-rated companies, according to our trusted Zacks Rank, including GlaxoSmithKline GSK , Alaska Airlines ALK and Time Warner TWX .

In Glaxo's case, the London-based Big Pharma staple outperformed expectations on top and bottom lines on strength in vaccines, HIV treatments and a weaker British pound. The Zacks Rank #2 (Buy) company with a Style Score of A established full-year guidance of 5-7%, despite some concerns about generic drugs taking some market share.

Zacks Rank #2 Time Warner posted earnings up 18% from a year ago and 6 cents per share above the Zacks consensus estimate, to $1.25 per share. Quarterly revenues of $7.89 billion also topped estimates and rose 11% year over year, largely based on strong content offerings from its HBO and Warner Brothers segments. The company had accepted a buyout offer from AT&T T , but this deal may be subject to scrutiny both from regulatory bodies and President Trump himself.

For more information on Time Warner's earnings, click here.

Alaska Air also put up a beat on both top and bottom lines, with $1.56 per share and $1.52 billion in sales beating the $1.41 and $1.43 billion expected. The regional airline - which completed its purchase of Virgin America nearly two months ago - routinely beats earnings estimates (it has not missed in at least the last 5 quarters), and increased its dividend yield 9%. This stock is also a Zacks Rank #2.

For more information on Alaska Air's earnings, click here.

After the bell today, we will see earnings results from Yum! Brands YUM and Whole Foods Market WFM . Both companies currently carry a Zacks Rank #3 (Hold).

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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.


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

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