On Wednesday, Philip Morris International Inc. (NYSE:PM)’s shares inclined 0.01% to $81.83.
Philip Morris International Inc. (PM) a firm in the Tobacco industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, PM has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, PM predictable to earn $1.06 per share, while it actually produced earnings of $1.31 per share, a beat of 23.6%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of $1.02 per share, when it actually saw earnings of $1.16 per share instead, representing a 13.7% positive surprise.
Philip Morris International Inc., through its auxiliaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprise Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White.
CBS Corporation (NYSE:CBS)’s shares gained 0.52% to $57.99.
Showtime Networks Inc. (SNI), a wholly-owned partner of CBS Corporation (CBS).
Matthew C. Blank, who has served as Chairman and Chief Executive Officer of Showtime Networks since 1995, will pass his title and duties as CEO to a key lieutenant on Jan. 1, 2016. Blank will continue on in his role as Chairman of the division after the transition.
David Nevins, the current President of Showtime, will become the President and Chief Executive Officer, Showtime Networks Inc. In his new role, Nevins will be responsible for all aspects of the daily and planned administration of the division. In addition to his current role, which comprises all creative development and acquisition of premium programming, marketing, and other duties as noted below, his new role will add responsibility for all of the other business functions at Showtime.
In connection with his appointment to CEO, Nevins’ term of employment is extended through calendar year 2018.
CBS Corporation operates as a mass media company worldwide. It operates through four segments: Entertainment, Cable Networks, Publishing, and Local Broadcasting. The Entertainment segment distributes a plan of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and distributes programming, counting series, specials, news, and public affairs; operates online content networks for information and entertainment; and produces, acquires, and distributes theatrical motion pictures.
At the end of Wednesday’s trade, Emerson Electric Co. (NYSE:EMR)‘s shares dipped -0.44% to $58.35.
Emerson Electric Co. (EMR) has won an order from NTPC Limited to provide automation technologies and expertise for two new 800-megawatt supercritical generating units at the Darlipali Super Thermal Power Station in the Sundergarh District, Odisha, India.
The new units will assist meet the energy needs of the region’s growing population. Unit 1 commissioning is predictable in December 2017, with Unit 2 to follow three months later.
Emerson project teams will engineer, install and commission Ovation systems to monitor and control each unit’s supercritical boiler and critical balance-of-plant processes and equipment. Emerson will also provide its Rosemount® Analytical online steam water analysis system and continuous emissions monitoring system, Rosemount pressure and level transmitters, and additional instrumentation.
Emerson Electric Co. provides technology and engineering solutions to industrial, commercial, and consumer markets worldwide. It operates through five segments: Process Administration, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. The Process Administration segment offers products and technology, and engineering, project administration, and consulting services for precision measurement, control, monitoring, asset optimization, and safety and reliability of oil and gas reservoirs and plants.
FedEx Corporation (NYSE:FDX), ended its Wednesday’s trading session with -3.03% loss, and closed at $176.61.
FedEx Corporation (FDX) stated adjusted earnings of $2.66 per diluted share for the fourth quarter ended May 31, contrast to adjusted earnings of $2.54 per diluted share a year ago. For fiscal 2015, adjusted earnings were $8.95 per diluted share, contrast to $7.05 per diluted share a year ago. Without adjustments, FedEx stated a loss of $3.16 per diluted share for the fourth quarter contrast to a profit of $2.62 per diluted share a year ago, and earnings of $3.65 per diluted share for the full fiscal year, contrast to $7.48 per diluted share last year.
Quarterly merged earnings have been adjusted for formerly declared changes in pension accounting ($4.88 per diluted share), aircraft impairments ($0.62 per diluted share), a legal reserve enhance ($0.47 per diluted share) and changes in segment reporting (favorable $0.15 per diluted share).
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company’s FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; international trade advisory services, such as assistance with the customs-trade partnership against terrorism program; and customs clearance services, in addition to global trade data, an information tool that allows customers to track and manage imports.
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