The melt up continued Wednesday as the Dow (NYSE:DIA) closed 186 points higher. Gold (NYSE:GLD) and silver (NYSE:SLV) continued their impressive run as the US dollar (NYSE:UUP) hit a 15 month low against the euro.
These 4 companies reported earnings on a Wednesday:
1) Marriot International (NYSE:MAR): After the closing bell, the lodging giant reported Q1 earnings. The company reported a net income of $101 million (26 cents per share), analysts were expecting 27 cents per share. Revenue increased 6% to $2.78 billion, but once again disappointed analysts who were expecting about $2.85 billion . The company operates hotels and other lodging services worldwide. Investors looking for a lodging play, may also want to check out Intercontinental Hotels Group (NYSE:IHG).
2) Apple (NASDAQ:AAPL): Shares of the industry tech leader are up more than 3% in late trading. After the closing bell, the company reported strong fiscal Q2 earnings. Steve Jobs said, “We’re firing on all cylinders.” EPS of $6.40 beat estimates by $1.04, and revenue of $24.67 billion beat estimates by $1.33 billion. The company competes viciously with Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOG), and Hewlett-Packard (NYSE:HPQ).
3) YUM! Brands (NYSE:YUM): The company continues to serve good news to investors. Yesterday, the company reported a lawsuit being dropped against its Taco Bell brand. Today, the company reports appetizing Q1 earnings. Although EPS of 63 cents missed estimates by 1 penny, its China based revenue increased 28%. The company also affirmed its previous 2011 earnings growth target of at least 10%. Shares jumped over 5% on the good news. The quick service heavyweight McDonald’s (NYSE:MCD) reported disappointing earnings today.
4) Cheesecake Factory (NASDAQ:CAKE): Shares of the upscale sit-down restaurant are down nearly 2% in late trading after the company released Q1 results. EPS of 34 cents beat estimates by 1 penny. Revenue increased 3.3% from last year to $418.8 million. Competitors Panera Bread Co. (NASDAQ:PNRA) and Chipotle (NYSE:CMG) are also making moves in earnings season.
Disclosure: No positions