Look at the companies that made headlines:
CVS Health – CVS reported an adjusted quarterly profit of $ 1.89 per share, 20 cents per share, above estimates. Sales were also higher than forecast as sales in the same business increased by 4.2%. CVS also raised its guidance for the full year as it continues to benefit from the acquisition of insurer Aetna and the increasing sales of prescription medicines.
Capri Holdings – The company, formerly known as Michael Kors, reported an adjusted quarterly profit of 95 cents per share, 5 cents per share above estimates. However, sales were slightly below expectations, and Capri lowered its full year outlook amid unexpectedly weak demand for Michael Kors branded products.
CyberArk Software ̵
Office Depot – The office supplies retailer exceeded estimates by 2 cents a share, with an adjusted quarterly profit of 7 cents per share. Sales were in line with street forecasts, helped by better business performance.
Teva Pharmaceutical – The drug maker achieved a 3 cents higher than the estimates and achieved an adjusted quarterly profit of 60 cents per share. Sales above estimates. Regardless, the company announced the resignation of CFO Michael McClellan for personal reasons.
Wendy's – The restaurant chain outperformed forecasts by a penny a share, with an adjusted quarterly profit of 18 cents per share. Sales missed forecasts. In North America, revenue growth of 1.4% was slightly above consensus forecasts.
Cambrex – The drug developer agreed to be acquired by a subsidiary of the Permira funds for $ 60 per share in cash, which is 47% higher than the closing price on Tuesday. The business has a value of $ 2.4 billion, including debt assumed.
Lumber Liquidators – The flooring manufacturer agreed with an adjusted quarterly profit of 7 cents per share. However, sales projections were not met, and the company also lowered its full-year sales forecast as the number of software customers increased.
Walt Disney – Disney missed the consensus estimate by 40 cents per share with adjusted quarterly earnings of $ 1.35 per share. Sales also fell short of forecasts. Disney said the integration of the $ 70 billion in assets acquired from the former 21st Century Fox was responsible for the miss.
Wynn Resorts – Wynn agreed with adjusted quarterly earnings of $ 1.44 per share, with casino operator sales slightly above analysts'. Estimates. The company said its strength in Macau and optimistic hotel sales in Las Vegas contributed to the positive results.
Weight Watchers – Weight Watchers was 14 cents above consensus forecasts with a quarterly profit of 78 cents per share. Sales of the weight loss company missed the forecasts. Weight Watchers also raised its guidance for the year as recruitment trends were positive.
Match Group – Match reported better than expected results for the second quarter, and the dating service provider also raised its full-year forecast. Match performance was helped in part by strong subscriber growth at Tinder Service.
Walgreens Boots Alliance – Walgreens announced that the closure of some 200 US branches by 2022 is expected to result in annual cost savings of more than $ 1.5 billion.
Twitter – Twitter stated that it may have used data for personalized ads without the account holder's permission. The issue was discovered and resolved earlier this week, though it is not yet known who might be affected.
Papa John's – Dad John's reported an adjusted quarterly profit of 28 cents a share, 2 cents a share, which does not match Street's forecasts. The revenues of the pizza chain were above the estimates. Papa John's predicts a loss of 10 to 40 cents per share for the year 2019, compared to previous estimates of a break-even point of 50 cents per share.
Hertz – Hertz reported an adjusted quarterly profit of 74 cents per share, which was well above the consensus estimate of 37 cents per share. Car rental revenues were above Wall Street forecasts and reached a record high. Hertz said the productivity improvements support the bottom line.