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Google Business NewsJul 17, 2019
Bank Of America Earnings Top; BAC Stock Backs Off Buy Point - Investor's Business Daily
Bank Of America Earnings Top; BAC Stock Backs Off Buy Point  Investor's Business DailyBank of America beats analysts' profit estimates on retail banking strength  CNBCConsumers Lift Profit at Bank of America  The Wall Street JournalBank of America profit beats as healthy economy fuels loan growth  Yahoo FinanceBank of America rakes in record profit driven by strength from US households  CNNView full coverage on Google News

MarketWatch MarketPulseJul 17, 2019
Apple to test out some AirPods production in Vietnam: report
Apple Inc. plans to start trial production of its AirPods product in Vietnam, according to a new report from the Nikkei Asian Review, as it looks to reduce its dependence on Chinese manufacturing. One of the company's contract manufacturers will start testing its production processing for the next iteration of AirPods at a Vietnam facility, said the report, which cites multiple anonymous sources, though the initial trials would be very small. Apple declined to comment in the Nikkei Asian Review's story. Its shares are down 0.3% in Wednesday trading. They've gained 29% so far this year, as the Dow Jones Industrial Average has risen 17%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJul 17, 2019
Abbott stock rises after earnings beat, full-year guidance boost
Shares of Abbott Laboratories gained 0.8% in premarket trade Wednesday after the medical-device maker reported second-quarter earnings that topped Wall Street expectations and raised full-year guidance, though the company missed expectations for revenue. Profit for the latest quarter rose to $1.465 billion, or 56 cents a share, from $733 million, or 41 cents a share, from the year-earlier quarter. Adjusted EPS was 82 cents, topping the FactSet consensus of 80 cents. Revenue rose 2.7% to $7.979 billion from $7.767 billion a year ago. Analysts polled by FactSet had expected $7.997 billion in sales. Sales of the company's nutrition unit rose 0.9% to $1.875 billion, while the diagnostics sales rose 1.7% to $1.905 billion. Sales of the established pharmaceuticals business fell 1.8% to $1.108 billion, while sales of the medical devices unit rose 6.4% to $3.075 billion, boosted by strong sales of the company's FreeStyle Libre glucose monitoring system and MitraClip. Abbott raised its full-year EPS to between $3.21 and $3.27 from between $3.15 and $3.25. "Our sales growth accelerated and is sustainable," Abbott's Chief Executive Miles D. White said in a statement. "We have great momentum and are raising our guidance above the strong outlook we previously set for the year." Shares of Abbott have gained 15% so far this year through Tuesday, while the S&P 500 has gained 19.8%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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