PG, LMT and VLO Top Estimates; PHM, NVR and SNA Miss
PG earned $2.00 per share vs $1.88 expected on Oct. 22 and rose 5.58%; LMT, VLO and WDC beat, while PHM, NVR, SNA and VRSN posted EPS below estimates.
A large group of U.S.-listed companies valued at $10 billion or more reported quarterly results on Thursday, Oct. 22, according to FMP. Most exceeded earnings-per-share estimates, while PCG, VRSN, PHM, SNA and NVR came in below consensus.
PG reported EPS of $2.00 against a $1.88 estimate, on revenue of $23.28 billion versus $22.80 billion. Its shares rose 5.58% to 165.59, among the day's largest large-cap gains. LMT earned $7.97 per share versus $7.52 expected, with revenue of $20.71 billion against $20.48 billion. UNP posted EPS of $3.53 against $3.47, and NSC $3.62 against $3.46.
VLO reported EPS of $23.90 versus a $21.17 estimate, on revenue of $46.10 billion against $42.71 billion. WDC earned $4.64 per share against $4.11, NEM $2.20 against $1.96, and BX $1.32 against $1.26. CMCSA posted $1.07 versus $0.986, and HON $2.27 versus $2.17. BE reported EPS of $0.94 against $0.691, with revenue of $1.24 billion versus $1.07 billion, and FIX earned $13.91 against $12.85.
Among results below consensus, NVR reported EPS of $89.45 against a $102.77 estimate, with revenue of $2.40 billion versus $2.57 billion. PHM earned $2.53 per share against $2.65, on revenue of $3.97 billion versus $4.15 billion. SNA reported $4.64 against $4.93, VRSN $2.41 against $2.46, and PCG $0.41 against $0.4133.
The results arrived as QQQ fell 2.86% and consumer staples (XLP) rose 3.31%. The calendar does not indicate whether each report came before or after the session.
Data
| Symbol | EPS actual | EPS est. | Revenue actual | Revenue est. |
|---|---|---|---|---|
| PG | 2.00 | 1.88 | $23.28B | $22.80B |
| LMT | 7.97 | 7.52 | $20.71B | $20.48B |
| UNP | 3.53 | 3.47 | $7.20B | $7.16B |
| VLO | 23.90 | 21.17 | $46.10B | $42.71B |
| WDC | 4.64 | 4.11 | $4.38B | $4.14B |
| BE | 0.94 | 0.691 | $1.24B | $1.07B |
| PHM | 2.53 | 2.65 | $3.97B | $4.15B |
| NVR | 89.45 | 102.77 | $2.40B | $2.57B |
| SNA | 4.64 | 4.93 | $1.18B | $1.24B |
Neutral market summary for information only; not investment advice.
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