Despite operating in the traditionally strong consumer goods segment, P&G is faced with the challenge of losing market share in this recessionary environment.
By our estimates, oil prices averaged 38% higher in the second quarter compared to the weak first quarter. This should help drive strong results in the important E&P segment.
Based on our analysis, we are expecting AA to report better than expected results that exceed Wall Street’s consensus expectations.
Management mentioned that last quarter ended stronger than it began and all evidence would indicate that those trends have only grown stronger over the last few months.
20 Dow stocks reported earnings that exceeded Wall Street’s expectations this quarter, which is a significant increase over last quarter.
A preliminary look at the reported first quarter earnings of the Dow Jones index component stocks.