10 Second Morning Earnings Review
All three of the bulge bracket banks reporting this morning beat the Estimize consensus on revenue, but came up short on profits.
JPMorgan Chase (JPM) had the worst relative earnings report, missing the Estimize EPS forecast by 8 cents per share.
Citigroup (C) rolled past Wall Street’s EPS forecast of $1.12 but failed to match the expectations of buy side and independent analysts on Estimize who were looking for $1.15.
Wells Fargo (WFC) came up a penny short.
Although the bank earnings were lackluster, Domino’s Pizza (DPZ) and Johnson & Johnson (JNJ) both reported favorable results.
Domino’s beat the Estimize earnings consensus by 1 cent per share and came in $7 million (1.6%) ahead on revenues.
In our earnings season overview we showed that the Healthcare sector is expected to have a strong quarter. JNJ got the party started this morning, beating the Estimize profit consensus by 3 cents per share
More Action After the Bell
Intel (INTC) and CSX Corporation (CSX) both report after the close, follow the action on our earnings calendar.
Disclosure: None.