BlackRock Inc. (BLK), Comerica Incorporated (CMA), and Three Other Stocks Trending on the Back of Earnings Reports

Encouraging housing data and strong quarterly earnings reports provided positive stimuli to the markets. All the major indices are trading up, building on the gains made in the previous trading session.

Apart from macro factors, the markets are also affected by individual stocks. mainly those reporting financial results. Among them are BlackRock Inc. (NYSE:BLK), Comerica Incorporated (NYSE:CMA), Domino’s Pizza Inc. (NYSE:DPZ), Goldman Sachs Group Inc. (NYSE:GS), and Harley-Davidson Inc. (NYSE:HOG), and in this article we are going to take a closer look at the financial performance of these companies and will see what the investors from our database thing about them.

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BlackRock Inc. (NYSE:BLK) stock has inched up after the company announced its mixed quarter results. BlackRock reported fiscal third-quarter earnings of $5.14 per share, surpassing the consensus estimate of $5 per share, but the revenue at $2.84 billion declined by 2.4% on the year and was lower than the expectations of $2.88 billion. BlackRock said that its well-diversified platform led to $70 billion of total net inflows. The company ended the quarter with assets under management of AUM of $5.12 trillion, up by 14% year-on-year. Among the funds we track, 27 funds held $280 million worth of BlackRock’s stock in aggregate at the end of June, having amassed 0.50% of its outstanding stock.

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Comerica Incorporated (NYSE:CMA)’s shares reacted positively to strong third-quarter results, which included EPS of $0.84 and revenue of $722 million, beating the consensus estimates by $0.18 and $1.02 million, respectively. Comerica Incorporated reported its first quarterly profit increase in seven quarters and its revenue increased by 5.9% on the year. The company’s increased profitability is attributed to the fall in provisions for bad loans. The number of funds from our database long Comerica Incorporated advanced to 42 from 36 during the second quarter, while the total value of their holdings declined to $717 million from $776 million.

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On the next page, we are going to discuss the latest results posted by Domino’s Pizza, Goldman Sachs Group, and Harley Davidson.

Domino’s Pizza Inc. (NYSE:DPZ) stock has gained nearly 7% on the back of third-quarter results that topped analyst expectations. The company’s earnings of $0.96 per share were higher than the consensus estimate of $0.90 per share, while revenue of $567 million surpassed estimates of $543 million and surged by 16.9% on the year. Domino’s Pizza also posted a Domestic same-store sales growth of 13% for the third quarter and a 6.6% growth international. A total of 33 funds tracked by us have positions in Domino’s Pizza worth $1.24 billion as of the end of June quarter, which represents about 18.90% of Domino’s Pizza’s outstanding stock.

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Goldman Sachs Group Inc. (NYSE:GS) stock buoyed as the company reported third-quarter earnings at $4.88 per share, which topped the consensus estimate by $1.09. Goldman Sachs Group’s revenue went up by an annual 19.1% to $8.17 billion and was $750 million ahead of expectations. Goldman’s book value per common shares went up by 6% year-to-date and by 2.6% sequentially to $181.25. At the end of June, 68 funds we track amassed about $4.45 billion worth of Goldman Sachs Group stock, compared to 69 funds and $4.64 billion, respectively, a quarter earlier.

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Harley-Davidson Inc. (NYSE:HOG) has advanced by more than 6% on the back of better-than-expected results for the third quarter. The company’s EPS of $0.64 was in line with the estimates, while revenue of $1.27 billion was higher than the consensus estimate of $1.09 billion. However, both figures were down from EPS of $0.69 on revenue of $1.32 billion posted for the same quarter of the last year. Harley-Davidson stated that it is looking to streamline its operations in the fourth quarter. Among the funds we track, 20 funds held shares of Harley-Davidson Inc. (NYSE:HOG) at the end of June, unchanged over the quarter.

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