Stock markets today: DJIA is ready to drop as Pfizer Inc. rises and P & G fails

The Procter & Gamble loses footing, Pfizer Inc. increases as the Dow remains in the red

In brief: The stock markets today: Dow Jones Industrial Average is in the red zone because of The Procter & Gamble Company collapse as Pfizer Inc. (NYSE: PFE) is trying to save the blue chip index.

Pfizer Inc. (NYSE: PFE) is the leader among the Dow Jones Industrial Average of blue chips. Pfizer Inc. of 16.05 points, gaining +0.57 (3.65%) at the time. Another representative of the DJIA index, The Procter & Gamble Company (NYSE: PG) is losing ground. The Procter & Gamble Company (NYSE: PG) is trading at 59.70 points, giving the bears -2.36 points or -3.80% today.

The session has also been published quarterly reporting companies Procter & Gamble and Pfizer, whose shares are included in the top 30. In the first case, results were better than expected in the second – worse. Thus, the world’s largest consumer products Procter & Gamble said that profit in the IV quarter decreased by 12% to $ 2.19 billion, or $ 0.71 per share, while analysts expected earnings of $ 0.73 cents per paper . At the same time the company’s revenue increased by 4.7% to $ 18.9 billion, in turn, the American pharmaceutical company Pfizer announced that net profit in II quarter increased by 9.5% to $ 2.48 billion, or $ 0.31 per share on compared with $ 2.26 billion, or $ 0.34 per share a year earlier. This profit excluding certain items was $ 0.62 per paper, which has surpassed forecasts of analysts who had expected earnings of $ 0.52 per share. As a consequence, premarkete Procter & Gamble shares fell 1,2%, Pfizer – increased by 1,9%.

Anrey Torbinski
2010-08-03 16:21, Uncategorized.

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