Five Earnings Reports this Morning

This is a busy morning for us. We had five of our Buy List stocks report earnings, plus two more will come later today. Here’s a summary.

Cognizant Technology Solutions (CTSH) earned $1.19 for Q2. Quarterly revenue rose 9.2% to $4.01 billion. For Q3, CTSH expects earnings of at least $1.13 per share. For all of this year they expect at least $4.50 per share.

Becton, Dickinson (BDX) had EPS of $2.91. That’s up 18.3% or 11.0% on a currency-neutral basis.

BDX raised its 2018 revenue guidance and now expects growth to exceed 31.5% on a reported basis compared to previous guidance of approximately 31.0% to 31.5%.

Becton bumped up the low end of their full-year forecast. They now see full-year EPS of $10.95 to $11.05 up from a previous range of $10.90 to $11.05.

Ingredion (INGR) had second quarter EPS of $1.66. 2018 adjusted EPS were expected to be in the range of $7.50 to $7.80. During the second quarter, the company repurchased 1.25 million shares.

Church & Dwight (CHD) earned 49 cents per share. That’s up 19.5% from a year ago. Net sales grew 14.5% to $1,027.9 million. The company raised the low end of its guidance. CHD now expects EPS of $2.26 to $2.28 (previously, it was $2.24 to $2.28). For Q3, they’re looking for 53 cents per share.

Intercontinental Exchange (ICE) had Q2 earnings of 90 cents per share. That’s an 18% increase over last year.

The company expects Q3 data revenue between $530 million and $532 million. For Q4, it’s expected to be in the range of $538 million to $542 million.

Posted by on August 2nd, 2018 at 8:23 am


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