Off the wire
• Apple wins voice recognition patent case in China  • EU approves new promotion programs for agricultural products  • China to continue to relax price control: NDRC  • UN convoy attacked in northern Mali, 1 driver killed  • Croatia's deficit stands at 5.7 pct of GDP in 2014  • Half of Armenians support normalization of Armenia-Turkey ties: survey  • Thai fishing boats lack 80,000 crewmen  • Iraqi forces free new areas from IS militants in Iraq's Ramadi  • Eurozone, EU gov't deficit falls in 2014  • Palestine needs concrete actions not only moral support: PM  
You are here: 　 Home

U.S. stocks open higher on earnings

Xinhua, April 21, 2015 Adjust font size:

U.S. stocks opened higher on Tuesday, as a spate of corporate earnings beat lowered expectations.

Latest data from Thomson Reuters showed that the S&P 500' s blended earnings in the first quarter of 2015 are expected to decline 1.9 percent year on year, while the revenue is forecast to decrease 3 percent.

IBM announced better-than-expected adjusted quarterly earnings of 2.91 U.S. dollars per share, compared with 2.68 dollars per share in the first quarter of 2014, an increase of 9 percent. Revenue was in line with estimates, though it marked the company' s 12th straight quarter of year-over-year sales declines.

DuPont reported Tuesday its first quarter earnings per share of 1.34 dollars, above analysts' expectations, but revenue was below forecasts. DuPont said quarterly results were impacted by the stronger dollar. Shares decreased 1.96 percent in the early trading.

Verizon beat forecasts with quarterly profit of 1.02 dollars per share. The company' s quarterly revenue fell slightly to 32 billion dollars. But Verizon's wireless operation added 565,000 subscribers in the first quarter compared to a year earlier.

Shortly after the opening bell, the Dow Jones Industrial Average gained 57.62 points, or 0.32 percent, to 18,092.55. The S&P 500 rose 7.28 points, or 0.35 percent, to 2,107.68. The Nasdaq Composite Index was up 26.93 points, or 0.54 percent, to 5,021.53.

U.S. stocks posted solid gains Monday, following a big decline in the previous session, as China moved to stimulate its economy. Endi