Actionable news
All posts from Actionable news
Actionable news in QCOM: QUALCOMM Incorporated,

Early movers: MS, IBM, CSX, UAL, GOOGL, QCOM, MKC, SNAP & more

Check out which companies are making headlines before the bell:

Morgan Stanley – The firm earned 87 cents per share for the second quarter, 11 cents a share above estimates. Revenue beat forecasts, and Morgan Stanley also raised its dividend 25 percent and added $5 billion to its share repurchase program.

IBM – IBM reported adjusted quarterly profit of $2.97 per share, beating estimates of $2.74 a share. Revenue fell short of estimates, however, and declined for the 21st consecutive quarter. IBM also saw profit margins drop across all its units.

CSX – CSX beat estimates by five cents a share, with adjusted quarterly profit of 64 cents per share. The railroad's revenue also beat forecasts as coal shipments improved, and the company announced a $500 million increase in its stock buyback program.

United Continental – United earned an adjusted $2.75 per share for its latest quarter, eight cents a share above estimates. The airline's revenue came in slightly above forecasts. United's results were helped by both strong overall demand, and revenue from items such as upgrades and priority boarding.

Alphabet – The company's Google unit announced an overhaul of its mobile search app, calling the new offering "Google Feed" and offering personalized links on areas of interest. However, Google said it was not trying to duplicate Facebook's news feed.

Qualcomm – The chipmaker faces antitrust allegations from a group of Apple suppliers, who Qualcomm sued back in May to force them to pay license fees that Apple had told them to stop paying.

McCormick – The spice maker is buying the food business of Britain's Beckitt Renckiser for $4.2 billion. The unit is the maker of well-known brand names like French's Mustard.