ResMed Inc. (NYSE:RMD) (The Motley Fool)
What happened: In response to the company posting expectation-topping results in its fiscal second quarter, shares of ResMed (NYSE:RMD), a medical device maker focused on sleep-disorder breathing products, jumped 17% as of 11:35 a.m. EST on Tuesday. So what: Here’s an overview of the headline numbers from the period. Sales climbed 13% to $601 million. This figured slammed past the $577 million that Wall Street had projected.
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Johnson & Johnson (NYSE:JNJ) (CNBC)
Shares of Johnson & Johnson turned negative as investors reacted to a lackluster sales growth outlook. The company topped Wall Street’s fourth-quarter earnings and revenue expectations with boosts from new cancer drugs and its acquisition of Swiss biotech company Actelion. In its earnings release, the company projected operational revenue growth of 3.5 percent to 4.5 percent.
Procter & Gamble Co (NYSE:PG) (CNBC)
Procter & Gamble beat expectations on both the top and bottom line in its second quarter of 2018, showing recovery after organic sales lost steam in the first quarter of its fiscal year. But the company still found itself victim to the intensifying retail landscape, which contributed to declines in both its diaper and Gillette shaving business. P&G backed its sales forecast for the year but raised its estimate for core earnings per share growth for fiscal 2018 to a range of 5 percent to 8 percent from a prior range of 5 percent to 7 percent. Shares were down 1.28 percent in premarket trading.
Chinanet Online Holdings Inc (NASDAQ:CNET) (Benzinga)
Chinanet Online Holdings Inc (NASDAQ:CNET) shares jumped 18.2 percent to $4.42 as the company reported a blockchain joint venture.
Netflix, Inc. (NASDAQ:NFLX) (The Motley Fool)
What happened: Shares of Netflix (NASDAQ:NFLX) soared to new all-time highs on Tuesday, following the release of strong fourth-quarter results. The stock opened 13.2% higher and settled down at a 10.8% gain just before noon EST. So what: In the fourth quarter, Netflix added 8.3 million net new subscribers while also raising prices. Top-line sales increased 33% year over year to $3.3 billion, nearly tripling GAAP earnings to $0.41 per share.
Freeport-McMoRan Inc (NYSE:FCX) (Seeking Alpha)
Base metal mining companies including Freeport McMoRan (FCX -3.4%) and Teck Resources (TECK -2.5%) are smacked as copper prices fell after inventories surged the most in 10 months. Bloomberg analyst Andrew Cosgrove foresees more sideways to downward movement in the short run, with key catalysts including select physical market indicators remaining soft, better output visibility from miners as a result of earnings season and weaker seasonal demand in China.
Pretium Resources Inc (NYSE:PVG) (Benzinga)
Pretium Resources Inc (NYSE:PVG) tumbled 22 percent to $8.42 after the company issued an operations update of ramp-up at the high-grade gold Brucejack Mine for fourth quarter 2017 and the first six months. The company also issued guidance for the first six months of 2018.
Travelers Companies Inc (NYSE:TRV) (MarketWatch)
Travelers Cos. Inc. TRV, +5.08% shares rose 3% in premarket trade Tuesday after the company reported fourth-quarter profit and revenue beats in spite of charges related to devastating wildfires in California. Earnings for the latest quarter declined to $551 million, or $1.98 per share, from $943 million, or $3.28 per share in the year-earlier period. The results include a charge of $129 million related to the Tax Cuts and Jobs Act of 2017 and net realized investment gains of $70 million pre-tax, compared with $35 million in the year-earlier period, the company said.
