There are at least seven companies shares that are worth monitoring for Wednesday’s intra-day. That included Textron Inc. (NYSE:TXT), BlackRock, Inc. (NYSE:BLK), Lithia Motors Inc (NYSE:LAD) Signature Bank (NASDAQ:SBNY), ADTRAN (NASDAQ:ADTN) and Morgan Stanley (NYSE:MS).
- Textron Inc. (NYSE:TXT) revealed an EPS of 46 cents thus missing estimates by a penny. Similarly, its revenue of $3.09 billion, which fell 3.4 percent from the previous year period, fell short of expectations of $3.18 billion. Moving ahead, the company expects adjusted EPS of $2.40 – $2.60 for 2017 while analysts are looking for an EPS of $2.59.
- BlackRock, Inc. (NYSE:BLK) delivered earnings of $5.25 a share for first quarter that topped expectations of $4.89 a share. However, its revenue of $2.82 billion fell shy of estimates of $2.85 billion.
- Lithia Motors Inc (NYSE:LAD) delivered an EPS of $1.78 for first quarter that topped expectations of $1.75. Its revenue of $2.24 billion, which grew 13.1 percent on a year-over-year basis, was in line with the estimates. Going forward, the company expects EPS of $8.05 – $8.35 on total revenue of $9.2 – $9.4 billion for 2017. Analysts are looking for an EPS of $8.28 and revenue of $9.59 billion.
- Morgan Stanley (NYSE:MS) reported an EPS of $1.00 a share on revenue of $9.7 billion. Both topped the Street expectations of 88 cents a share and $9.29 billion revenue. Following this, the stock is trading higher in pre-market on Wednesday.
- ASML Holding NV (ADR) (NASDAQ:ASML) announced earnings of Euro 1.05 a share on revenue of Euro 1.94 billion for the first quarter. Following this, the stock is trading up in pre-market on Wednesday.
- Signature Bank (NASDAQ:SBNY) delivered mixed results for first quarter. While its earnings of $2.15 a share topped expectations by five cents, revenue of $311.63 million fell short of estimates of $313.3 million. Its provision for credit losses dipped to $19.6 million from $22.2 million in the fourth quarter.
- ADTRAN (NASDAQ:ADTN) delivered an EPS of 18 cents beating estimates by six cents. Similarly, its revenue of $170.3 million, which grew 19.8 percent, also came in above the expected level of $167.44 million. The company paid a quarterly cash dividend of 9 cents a share.