AXP, SLB and FCNCA Top EPS Estimates; AXP Shares Fall 3.67%
Three large caps reported on Oct. 23: AXP earned $4.68 a share vs $4.50 expected, SLB $0.64 vs $0.617 and FCNCA $55.37 vs $46.18; AXP shares fell 3.67%.
Three U.S.-listed companies valued at $10 billion or more reported quarterly results on Friday, Oct. 23, according to FMP's earnings calendar. All three posted earnings per share above consensus estimates.
AXP, the largest of the three with a market value of $211.4 billion, reported EPS of $4.68 against a $4.50 estimate, a margin of 4.00%. Revenue was $20.06 billion, slightly below the $20.12 billion forecast. AXP shares fell 3.67% to 313.22, the second-largest decline among large caps on the day, while the financials sector ETF XLF lost 1.32%. The EPS beat amounted to $0.18 per share.
SLB earned $0.64 per share versus $0.617 expected, on revenue of $9.45 billion against a $9.27 billion estimate, a 1.91% margin. The results came on a day when the energy sector ETF XLE rose 2.61% and WTI crude futures gained 3.82% to $103.27.
FCNCA reported EPS of $55.37 against a consensus of $46.18, 19.90% above the estimate, with revenue of $2.43 billion versus $2.23 billion expected, a 9.08% margin. Its market value stood at $26.4 billion, the smallest of the three reporters.
Broader markets ended the session lower, with SPY down 0.52% and DIA down 1.24%. The earnings calendar does not indicate whether the companies reported before or after the trading session. A Barron's market wrap for the day was titled "Review & Preview: The Dow's Turn."
Data
| Symbol | EPS actual | EPS est. | Revenue actual | Revenue est. | Price change |
|---|---|---|---|---|---|
| AXP | 4.68 | 4.50 | $20.06B | $20.12B | -3.67% |
| SLB | 0.64 | 0.617 | $9.45B | $9.27B | |
| FCNCA | 55.37 | 46.18 | $2.43B | $2.23B |
Data: FMP, FRED. Figures are close-to-close unless stated.
In the news
- Barron's: Review & Preview: The Dow's Turn
Neutral market summary for information only; not investment advice.
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