Biggest Moves For Top Corporations
The latest week of financial trading introduced some major moves. Chevron reported quarterly losses of $8.9 billion recently. That was amid an oil price drop that may be historically significant. Meanwhile, Caterpillar beat estimates for share gains. Profits rose by $1.03 a share, rather than the $0.64 per share estimate provided. That signaled some big gains for Caterpillar, though the market has declined anyways. Likewise, Merck reported gains of $1.37 per share. That was 33 cents higher per share than insiders had thought.
Apple continued to wow investors with their performance. Their per share earnings rose by $2.58. The initial estimate was placed at $2.04 a share. The overall market reported a second quarter GDP drop of 32.9%. Many other corporations have shrunk in terms of profit and earnings. Ford managed to report a large profit increase. Over $1.1 billion in profit was made by Ford in the second quarter.