MDU shares: essentially flat during trading hours and down minimally after hours, after results released.
4Q18 earnings: 39 cents reported vs 42 cents forecast over at Yahoo!Finance
From the press release:
- full year: $1.38/share vs $1.45 previous year (2017)
- 4Q18: 39 cents vs 59 cents 4Q17
- four divisions, year-over-year (numbers rounded):
- construction materials business: $93 million (2018) vs $123 million (2017)
- construction services, record revenues and earnings: $64 million vs $53 million
- pipeline and midstream: $29 million vs $21 million
- regulated energy delivery: $85 million vs $82 million
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Apple, Inc
Apple is most valuable company by market cap today, just slightly ahead of Microsoft. This will probably go back and forth for quite some time. Link here.
Apple has once again reclaimed the title of most valuable publicly traded company marking the first time the Cupertino company has held that title since December.
As noted by CNBC, Apple surpassed Microsoft and Amazon this afternoon with a closing price of $174.24, for a market capitalization of $821.59 billion.
Apple's stock has recovered somewhat since its earnings release on January 29 where it reported revenue of $84.31 billion and net quarterly profit of $19.965 billion, or $4.18 per diluted share.
It was Apple's second best quarter ever in terms of revenue and profit, despite the fact that it ultimately ended up being lower than expected due to flagging iPhone sales.
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