General Mills – The food producer beat estimates by 6 cents a share, with adjusted quarterly profit of 83 cents per share. Revenue was below Wall Street forecasts, however, hurt by lower snack demand in the North American market.
BlackBerry – The communications software company earned an adjusted 1 cent per share for its latest quarter, beating the consensus for a breakeven performance. Revenue was below forecasts, but BlackBerry benefited from its purchase of cybersecurity firm Cylance.
IHS Markit – The financial information provider reported adjusted quarterly earnings of 71 cents per share, 6 cents a share above estimates. Revenue essentially matched forecasts. The company’s operating costs grew at a slower rate than its income, helping to boost the bottom line.
FedEx – FedEx reported adjusted quarterly profit of $5.01 per share, beating the consensus estimate of $4.85, while revenue was also slightly above Street forecasts. However, FedEx also warned that the U.S.-China trade dispute and the end of its contract with Amazon.com would hurt its fiscal 2020 results.
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