The companies that are making headlines before the opening of trade are as follows:
3M- The Company is the manufacturer of a variety of consumer products. With its expected EPS of $2.50, the CEO of the company said that his firm has achieved organic growth for the quarter.
According to CNBC news, Coca Cola- The beverage giant has beaten the street estimates where its profit turned out to be 47 cents per share. Revenue also came in above forecast. The company had an organic growth of 5% and the biggest source of an increase in topline turned out to be from Europe, Middle East, and Africa regions.
Caterpillar – The manufacturer of heavy equipment also beat the analyst’s estimate of $2.13 per share. The company gave an adjusted return of $2.82 per share. Apart from the EPS, the topline of the company has also beaten the revenue estimate given by the analyst.
Travelers – The insurance company missed the analyst’s estimate of $2.68 per share. The company earned $2.46 per share for its first quarter. The reason for the dismal performance of the company was due to the national disasters that hit this quarter. Furthermore, a raise in dividend was declared from 72 cent to 77 cents per share.
United Technologies — The conglomerate beat estimates by 25 cents a share, with adjusted quarterly profit of $1.77 per share. Revenue beat forecasts as organic growth saw its strongest first quarter performance in seven years. The company also raised its full-year outlook.
Centene – The health insurer’s quarterly profit clocked in at $2.17 per share. The company beat the consensus estimate of $1.93 per share. This stellar performance was attributed by boost in managed care membership, among other factors. Further the company also raised the full-year forcast.
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