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We are wrapping up another busy week of earnings reports. During the week ended May 1, we saw mixed earnings results from some of the biggest names for dividend investors.
After the closing bell on Monday, Apple Inc (AAPL ) reported its Q2 results, beating analyst estimates with earnings coming in at $2.33 per share and revenue at $58 billion. Analyst estimated AAPL’s EPS at $2.16 on revenue of $56.06 billion. During the quarter, the company sold 61.17 million iPhone units, well above forecasts.
Before Apple’s announcement, equity markets ended lower on Monday, with the Dow slipping 0.2%, the S&P 500 falling 0.4% and Nasdaq sliding 0.6%. Biotechnology stocks were the worst performers on Monday, with the Nasdaq Biotechnology Index shedding 4.1%.
The following companies reported their quarterly results:
Also on Tuesday, the Dow managed to gain 0.4% while the Nasdaq Composite slipped 0.1%.
On Wednesday, Mastercard (MA ) reported Q1 EPS of $0.89, beating estimates of $0.80. Revenue came in at $2.23 billion, slightly above the expected $2.28 billion. MA noted that net revenue growth was driven the impact of an increase in cross-border volumes, a 12% increase in gross dollar volume, and an increase in processed transactions of 12%.
In equity markets, all three major indexes closed lower after the Commerce Department showed that the U.S. economy grew only 0.2% in the first quarter, well below expectations and below the 2.2% pace during the last three months of 2014.
On Thursday, the following companies reported:
Equity markets declined sharply on Thursday, after consumer spending showed a smaller-than-expected pickup in March.
The following companies reported before today’s opening bell:
Next week, earnings season will continue with results from Dominion Resources (D ), The Walt Disney Company (DIS), Emerson Electric (EMR ), and GlaxoSmithKline (GSK ).
In economic news, we will see ISM Non-Manufacturing,and US Trade Balance reported on Tuesday, ADP non-farm employment chair on Wednesday, unemployment claims on Thursday, and non-farm employment change and the unemployment rate on Friday. Fed Chair Janet Yellen will also be in the news next week, as she is due to speak at the Institute for Economic Thinking conference on Finance and Society on Wednesday.
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