Jefferies Reiterates Buy on Procter & Gamble (PG) Following 1Q Report

Pre-Open Stock Movers 10/25: (SAEX) (CWEI) (SWFT) Higher; (DPRX) (CRBP) (UA) Lower (more...)

October 25, 2016 9:05 AM EDT

Pre-Open Stock Movers

Dipexium Pharmaceuticals, Inc. (Nasdaq: DPRX) 84.7% LOWER; announced that the OneStep-1 and OneStep-2 Phase 3 clinical trials of Locilex (pexiganan cream 0.8%) in patients with mild infections of diabetic foot ulcers (Mild DFI) did not meet the primary clinical endpoint of superiority versus vehicle plus standardized wound care and also did not show any meaningful difference in wound closure rate between the Locilex arm and the vehicle arm in each study. Neither trial met the secondary endpoint of demonstrating a higher rate of eradication of bacteria for the... More

Wall Street slips on earnings; Apple falls late after results

October 25, 2016 7:29 AM EDT

By Rodrigo Campos

NEW YORK (Reuters) - U.S. stocks slipped from two-week highs on Tuesday as results and forecasts from companies in sectors including housing and consumer products failed to live up to expectations.

Apple (NASDAQ: AAPL), the largest U.S. company by market capitalization, posted after the bell better-than-expected iPhone sales that however continued a declining trend and shares fell about 2 percent, briefly dragging S&P 500 futures to session lows.

During the regular session, Whirlpool (NYSE: WHR), down 10.8 percent to $152.09, cited soft demand as it... More

P&G profit beats on cost cuts, demand for home care goods

October 25, 2016 7:11 AM EDT

By Sruthi Ramakrishnan

(Reuters) - Procter & Gamble Co (NYSE: PG), the maker of Tide detergent and Pampers diapers, reported a better-than-expected quarterly profit, helped by cost-cutting and strong demand for its baby, feminine and home care products.

P&G's shares were up 4.6 percent at $87.97 on Tuesday morning.

The company has been selling off unprofitable brands and focusing on core brands such as Tide, Pampers and Gillette to revive sluggish sales. P&G sold 41 of its brands, including Clairol and Wella, to Coty Inc (NYSE:... More

Procter & Gamble (PG) Tops Q1 EPS by 5c

October 25, 2016 7:09 AM EDT

Procter & Gamble (NYSE: PG) reported Q1 EPS of $1.03, $0.05 better than the analyst estimate of $0.98. Revenue for the quarter came in at $16.5 billion versus the consensus estimate of $16.49 billion.

Operating cash flow was $3.0 billion for the quarter. Free cash flow productivity was 85%. The Company repurchased $1 billion of common stock and returned $1.9 billion of cash to shareholders as dividends.

Our first quarter results mark a good start to the fiscal year, said Chairman, President and Chief Executive Officer David Taylor. We delivered broad-based organic sales growth... More

Trading Radar for 10/25: Apple (AAPL), Caterpillar (CAT), Chipotle (CMG), Under Armour (UA), Juniper (JNPR) Report

October 24, 2016 2:16 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
9:00am EDT

Case-Shiller 20-City Index - Street sees 5.1%FHFA Housing Price Index - no Street consensus

Earnings:

3M Co. (NYSE: MMM) - consensus EPS $2.13
AK Steel (NYSE: AKS) - consensus EPS $0.13
AVANGRID, Inc. (NYSE: AGR) - consensus EPS $0.59
Allegheny Technologies (NYSE: ATI) - consensus loss $0.10
Allegiance... More