Granny stock GE up big on....WAIT FOR IT.... aircraft engine sales. HERE COME THE EMAILS! GE--------> $71.10 GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. said, "The GE team delivered a strong second quarter with growth in orders, revenue, and profit, as well as positive free cash flow. Aerospace was a key driver of our performance this quarter as the industry recovery builds momentum. In higher-margin services, GE delivered double-digit revenue growth, with Aerospace up 47 percent compared to last year."
Shell USA and Shell Midstream Partners to merge 16:40 SHLX Shell USA announced they have executed a definitive agreement and plan of merger pursuant to which Shell USA will acquire all of the common units representing limited partner interests in SHLX held by the public at $15.85 per Public Common Unit in cash for a total value of approximately $1.96B. A subsidiary of Shell USA currently owns 269,457,304 SHLX common units, or approximately 68.5% of SHLX common units.
Coca-Cola pours up earnings beat, raises full year outlook How did I remove this? This is the problem with lousy markets that have brief flirts with growth... you become less enamored with the staid slow growth names and now you feel like a putz! I've got to explain this to six people. Coca-Cola (NYSE:KO) notched a characteristic earnings beat on Tuesday, raising revenue expectations for the full year. For the second quarter, the Atlanta-based beverage giant posted non-GAAP EPS of $0.70, three cents above the bar set by WallStreet. Pricing actions taken in the quarter were credited with sustaining the bottom line as its price/mix metric jumped 12%. Meanwhile, an 11.9% jump in revenue pushed $730M above expectations, bolstered by an 8% jump in case volume. “Our results this quarter reflect the agility of our business, the strength of our streamlined portfolio of brands, and the actions we’ve taken to execute for growth in the face of challenges in the operating and macroeconomic environment,” CEO James Quincey said. Indeed, amid the deteriorating macro backdrop marked by inflation and supply chain concerns, operating margin dropped 910 basis points from the prior year on a GAAP basis. Currency headwinds also hit non-adjusted profit figures to temper optimism on the results. While the challenging macroeconomic environment and persistent inflation were noted as headwinds confronting the business for the coming quarters, full-year guidance was raised after above-expectation second quarter results. The company now expects organic revenue growth of 12% to 13% versus a prior anticipation of 7% to 8% growth. Comparable EPS growth of 5% to 6% was maintained, keeping essentially in line with the consensus expectation.
Earlier this month, ARK Invest CEO Cathie Wood made another aggressive call, stating that Roku (ROKU)can reach $605 per share by 2026. Earlier this month, ARK Invest CEO Cathie Wood flew on a flying saucer to an unnamed planet and mated with a grey alien named Prosper.
Somewhere Between A Gummy and A Stock Of The Day- Polaris! rev did miss but market I guess was expecting worse- Polaris (NYSE:PII) shares gained sharply on Tuesday after the company drove past second quarter EPS estimates and raised full-year sales guidance. For the second quarter, the Minnesota-based manufacturer of autos, snowmobiles, ATVs, and more posted non-GAAP EPSof $2.42, coming in $0.30 above expectations. Meanwhile, a 7.9% rise in revenue to $2.06B came up short of estimates by $110M.