Procter & Gamble (NYSE:PG): Procter & Gamble has reported EPS of $1.05, falling in-line with expectations, while revenues of $21.2 billion beat estimates by $0.11 billion. CFO Jon Mueller said on the conference call that earnings are on track and the company could even hit the “top end” of 2014 forecasts if it maintains profit growth. Organic sales grew 4 percent during the period as Beauty rose 2 percent, Grooming slid 1 percent, Health dropped 1 percent, Fabric Care and Home Care rose 6 percent, and Baby, Feminine, and Family also saw a 6 percent gain.
Microsoft Corp. (NASDAQ:MSFT): Microsoft shares are up a healthy 7 percent as EPS of 62 cents beats estimates by 8 cents and revenue of $18.53 billion also beat by $740 million. The new Commercial Licensing reporting segment (which consists of Office and Server & Tools licenses) posted a 7 percent year-over-year revenue gain, while “Commercial cloud” sales rose 103 percent. Windows OEM sales dropped 7 percent over the year-ago period, after dropping 15 percent in the quarter previous.
Credit Suisse (NYSE:CS): Credit Suisse is adding to its Thursday losses as JPMorgan pulls its Buy rating on the stock. Analyst Kian Abouhossein, asking questions on the earnings call, reportedly sounded concerned about the margin decline in Credit Suisse’s wealth management business in the third quarter and wondered if it had carried over into the beginning of this quarter.
China Petroleum & Chemical Corp. (NYSE:SNP): Sinopec is looking to sell half of its two biggest shale gas properties in Canada, and is looking for a partner to help shoulder the costs and speed up the development. Sinopec is seeking an equal equity partner for the Montney and Duvernay locations, two shale gas properties which combined total about 500,000 acres.
United Parcel Service (NYSE:UPS): UPS has reported quarterly EPS of $1.16, beating by a penny, as $13.5 billion misses by $0.1 billion. Daily package volume in the U.S. was 2.3 percent higher during the period, and the company earned 1 percent more per piece delivered over last year’s quarter. However, growth in the International segment rose 6.5 percent, due to strong performance from Europe. UPS is expecting to deliver 34 million packages globally on its peak delivery day of December 16, an “extremely high level which will test the company’s logistical capabilities,” Seeking Alpha notes.
Don’t Miss: College Debt: Kiss Your Retirement Goodbye.