Bank of America shares surge more than 4% after earnings top expectations

as declared in The Bank of America cost-cutting machine hummed along for another quarter. That looked to be the single biggest factor in the bank's profit increase in the quarter. Bank of America set aside $800 million for credit losses in the quarter, less than the $973.5 million expected by analysts. While the bank grew loans and leases to $935.8 billion, that was below the $942 billion estimate. Bank of America CEO Brian Moynihan will appear on CNBC's "Mad Money" at 6 p.m.

HUL Share price: HUL shares go up ahead of Q1 earnings

HUL is one of the largest consumer companies with presence across personal care, household, food and refreshment. FMCG major Hindustan Unilever (HUL) ran up early Monday ahead of its financial results for the quarter to June.The scrip was up around 1 per cent at Rs 1,757 at around 9.30 am. We expect revenue to be around Rs 9,280 crore with growth of 8.9 per cent YoY. With efforts for cost saving, we expect improvement in Ebitda and PAT margins. Its margins should be around 22.1 per cent and 15.3 per cent."

Microsoft shares rise to a record high before earnings – BusinessTech

according to Microsoft Corp is trading at a record high as it prepares to release its latest quarterly results. While analysts' earnings-per-share estimates are little changed since May, their average price target for the stock has climbed. Just this week, Raymond James Financial Inc analyst Michael Turits, who has a strong buy recommendation on Microsoft's shares, increased his target price by 13% to $124. The average earnings-per-share estimate is $1.08. Options trading indicates a 3.9% move in the shares after the earnings, which is slightly below the average of 4.2%, according to data compiled by Bloomberg.

Ashok Leyland shares gain 6% after better-than-expected earnings growth in Q1

Ashok Leyland shares gain 6% after better-than-expected earnings growth in Q1Moneycontrol NewsCommercial vehicle maker Ashok Leyland share price rallied more than 6 percent intraday Tuesday after reporting better-than-expected earnings for the quarter ended June. Related NewsRevenue from operations grew by 46.8 percent year-on-year to Rs 6,250 crore with realisations at Rs 14.83 lakh per unit against Rs 14.88 lakh per unit in year-ago. On the operational front, EBITDA (earnings before interest, tax, depreciation and amortisation) more than doubled to Rs 647.5 crore in Q1FY19 from Rs 306.1 crore in same period last year. Tax expenses during the quarter increased 136.5 percent to Rs 156.6 crore compared to year-ago period. At 13:42 hours IST, the stock price was quoting at Rs 128.40, up Rs 2.65, or 2.11 percent on the BSE.

collected by :Ros Roger