Earnings Update

Johnson & Johnson
JNJ 164.57 -1.43 -0.86% reported $3.75 billion or $1.39 per share, Analysts expected $1.67 per share. JNJ made $2.10 an adjusted share, beating estimates. JNJ raised its full-year financial target, sales strength in its pharma division, weakness in other segments. Full year earnings expected to be between $8.53 to 8.63 vs $8.50-8.65. Expects operational sales to be between $82 billion and 82.8 billion, up from $81.6 billion to 82.4 billion.

Bank of America
BAC 44.42 +0.14 +0.32% reported $7.31 billion or $0.70 per share, Analysts expected $0.60 per share.

UnitedHealth
UNH 508.55 -15.87 -3.03% reported $3.47 billion or $3.56 per share, adjusted EPS were $3.73, beating estimates of $3.60. Revenue was $60.31 billion beating estimates of $59.69 billion. On its earnings call CEO David Wichmann warned “wholesale disruption of American health care being discussed in some of these proposals would surely jeopardize the relationship people have with their doctors, destabilize the nation’s health system, and limit the ability of clinicians to practice medicine at their best”

Still to come… After Market

IBM 129.94 -0.21 -0.16% IBM estimates are $2.23 per share, revenue $18.53 billion
BLK 913.92 +2.38 +0.26% BLK estimates are $6.02 per share, revenue $3.29 billion
UAL 50.50 -1.32 -2.55% UAL estimates are $0.96 per share, revenue $9.60 billion
NFLX 380.60 +9.20 +2.48% NFLX estimates are $0.57 per share, revenue $4.50 billion