We continue with the review of quarterly financial reports. Let’s take a look at how the following companies performed: The Western Union Company (NYSE:WU), Pfizer Inc. (NYSE:PFE), and Gilead Sciences Inc. (NASD:GILD). These are global brands and well-known companies. How did stock prices react to the announcement of quarterly results? Let’s see below.
The Western Union Company (NYSE:WU)
The Western Union Company is a leading company providing payment services worldwide. The company has a market capitalization of $9.63 billion and its stock is listed in the S&P 500 index. The current stock price is $19.74, and over the last 12 months, it has ranged from $16.02 to $21.80. The announcement of quarterly reports resulted in a price drop of 1.64% compared to the previous day. The quarterly business results are as follows. Earnings per share for the third quarter of this year amount to $0.44, which is the same amount that analysts expected, and is $0.01 less than the earnings per share in the same period last year, which was $0.45. Revenues for the third quarter of this year amount to $1.4 billion, which is $0.01 billion more than analysts expected, but the same as the revenues in the same period last year, which also amounted to $1.4 billion. The stock has gained 10.22% since the beginning of the year, and over the last 12 months, it has gained 2.55%. The dividend yield for the stock is 3.24%, which is higher than the yield of the S&P 500 index, which is 2.06%.
Pfizer Inc. (NYSE:PFE)
Pharmaceutical giant Pfizer Inc. is a company engaged in the research, production, and distribution of drugs and various treatments. The company has been operating for 167 years. The current market capitalization is $188.46 billion, and the stocks are included in the DJIA and S&P 500 indices. The current stock price is $31.07, and over the last 12 months, it has ranged from $28.25 to $37.39. The announcement of quarterly financial reports resulted in a stock price drop of 2.02% compared to the previous day, and let’s see what the results are below. Earnings per share in the third quarter of this year amount to $0.61, which is $0.01 less than analysts’ expectations, who forecasted a level of $0.62. Earnings per share in the third quarter of last year were $0.60, which is $0.01 less than this year. Revenues have been growing for the third consecutive quarter, and in the third quarter of this year, they amount to $13.05 billion, which is the same amount that analysts expected, and is 7.85% higher than the revenues in the same period last year, which were at the level of $12.1 billion. The company pays a stable dividend with a dividend yield of 3.86%. The stock price has lost 3.75% since the beginning of the year, while over the last 12 months, it has decreased by 8.13%.
