Procter & Gamble shares jumped more than 4% on Tuesday following better-than-expected quarterly earnings that were released before the opening bell. While sales missed the mark, profitability was solid, excluding charges related to writing down the value of Gillette and non-core restructuring measures. P & G raised the low end of their full-year EPS guide. … Read more
Morgan Stanley on Tuesday morning reported an adjusted earnings-per-share beat. But as we saw with Wells Fargo on Friday, EPS had initially looked like a miss. That, coupled with Morgan Stanley’s new CEO expressing macro caution, set the tone for a tough session for the stock. Revenue for the three months ended Dec. 30 increased … Read more
Wells Fargo reported better-than-expected quarterly results before the opening bell Friday. We were also happy to see that as of the end of 2023, management has officially delivered on its $10 billion multiyear cost-saving program. However, the stock came under pressure on weaker-than-expected guidance. Total revenue for the three months ended Dec. 30 advanced a … Read more
