ResMed Inc. (NYSE:RMD) (The Motley Fool)
What happened: In response to the company posting expectation-topping results in its fiscal second quarter, shares of ResMed (NYSE:RMD), a medical device maker focused on sleep-disorder breathing products, jumped 17% as of 11:35 a.m. EST on Tuesday. So what: Here’s an overview of the headline numbers from the period. Sales climbed 13% to $601 million. This figured slammed past the $577 million that Wall Street had projected.
Johnson & Johnson (NYSE:JNJ) (CNBC)
Shares of Johnson & Johnson turned negative as investors reacted to a lackluster sales growth outlook. The company topped Wall Street’s fourth-quarter earnings and revenue expectations with boosts from new cancer drugs and its acquisition of Swiss biotech company Actelion. In its earnings release, the company projected operational revenue growth of 3.5 percent to 4.5 percent.
Procter & Gamble Co (NYSE:PG) (CNBC)
Procter & Gamble beat expectations on both the top and bottom line in its second quarter of 2018, showing recovery after organic sales lost steam in the first quarter of its fiscal year. But the company still found itself victim to the intensifying retail landscape, which contributed to declines in both its diaper and Gillette shaving business. P&G backed its sales forecast for the year but raised its estimate for core earnings per share growth for fiscal 2018 to a range of 5 percent to 8 percent from a prior range of 5 percent to 7 percent. Shares were down 1.28 percent in premarket trading.
Chinanet Online Holdings Inc (NASDAQ:CNET) (Benzinga)
Chinanet Online Holdings Inc (NASDAQ:CNET) shares jumped 18.2 percent to $4.42 as the company reported a blockchain joint venture.