US Stocks: Tuesday's Q2 earning results came in mixed

Second quarter earnings results released by major corporations came in mixed with EPS' beating the expectations and revenues falling short of expectations.

Key releases (via Reuters):

  • Air Canada: Adj EPS: C$0.78 (Estimate C$0.38), Revenue: C$3.91B (Estimate C$3.79B)
  • Eaton: Adj EPS: $1.15 (Estimate $1.16), Revenue: $5.13B (Estimate $5.14B)
  • Pfizer: Adj EPS: $0.67 (Estimate $0.66), Revenue: $12.98B (Estimate $13.08B)
  • Archer-Daniels-Midland: Adj EPS: $0.57 (Estimate $0.52), Revenue: $14.94B (Estimate $16.24B)
  • Phillips 66: Adj EPS: $1.06 (Estimate $1.01), Revenue: $24.80B (Estimate $27.61B)
  • Sprint Corp: EPS: $0.05, Revenue: $8.16B (Estimate $8.20B), Adj EBITDA: $2.85B (Estimate $2.70B)

Oil: Prices are slightly firmer - BBH

Analysts at BBH point out that oil prices are slightly firmer today while the API industry estimate of US inventories will be released later today.  
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