Off the wire
• Azerbaijan's Karimova/Ferreira reach women's main draw at Fuzhou Open  • Kenya arrests two suspects over Garissa attack  • Wolfsburg's Traesch inks contract extension  • EU accuses Gazprom of breaking EU antitrust rules  • News Analysis: Populist party likely to enter ruling coalition of Finland  • China Voice: Hong Kong democracy must consider public voice, welfare  • Roundup: China's efforts in promoting Asian-African cooperation hailed as constructive  • 3rd LD Writethru: Xi, Abe meet in Jakarta on China-Japan ties  • 42 killed in fresh infighting north of Damascus  • Lebanon parliament fails again to elect new president  
You are here: 　 Home

U.S. stocks open higher on earnings reports

Xinhua, April 22, 2015 Adjust font size:

U.S. stocks opened higher on Wednesday, as traders were boosted by some positive earnings news.

The Coca-Cola Company reported first quarter 2015 operating results Wednesday. Coca-Cola' s quarterly reported earnings per share was 35 cents and comparable earnings per share was 48 cents, above estimates. The company' s quarterly revenue was above forecast as well. Shares jumped 1.54 percent in the early session.

McDonald' s announced its global comparable sales decreased 2.3 percent, reflecting native guest traffic in all major segments. The company posted quarterly consolidated revenues decrease of 11 percent compared to the first quarter of 2014 and diluted earnings per share of 84 cents.

Shares of McDonald's spiked over 3 percent in early trade as investors cheered a turnaround plan expected on May 4. The company Tuesday announced a global commitment on deforestation across the company's expansive global supply chain. The commitment builds upon McDonald's Global Sustainability Framework and longstanding leadership in the area of sustainable sourcing.

Latest data from Thomson Reuters showed that the S&P 500' s blended earnings in the first quarter of 2015 are expected to decline 2.2 percent year on year, while the revenue is forecast to decrease 3.1 percent.

Housing data will be in focus as well, as existing home sales is expected to show a second consecutive monthly increase.

Shortly after the opening bell, the Dow Jones Industrial Average ticked up 10.77 points, or 0.06 percent, to 17,960.36. The S&P 500 edged up 1.55 points, or 0.07 percent, to 2,098.84. The Nasdaq Composite Index rose 7.80 points, or 0.16 percent, to 5,021.90.

U.S. stocks closed mixed on Tuesday, mostly failing to hold momentum from Monday, as investors digested a spate of corporate earnings reports. Endi