Stocks With Major News: Johnson & Johnson (NYSE:JNJ), Fastenal Company (NASDAQ:FAST), JPMorgan Chase & Co. (NYSE:JPM)


Johnson & Johnson (NYSE:JNJ) announced that Q2 net income of $4.52B or $1.61 a share, as compared to $4.33B or $1.51 a share, previous year. Excluding after-tax intangible amortization costs and special items, adjusted net earnings were $4.8B and adjusted EPS were $1.71, for the quarter. On an operational basis, adjusted earnings per share were $1.90. The company increased its adjusted earnings guidance for full-year 2015 to $6.10 – $6.20 per share. The company noted that its guidance excludes the impact of after-tax intangible amortization expense and special items. Analysts expect the company to report full year 2015 earnings per share of $6.14. Johnson & Johnson (NYSE:JNJ) has the market capitalization of 276.69 Billion. Shares of firm plunged -0.49% to close at $99.78 with the total traded volume of 9.88 Million. The firm has current ratio of 2.40 for the most recent quarter.

Industrial and construction supplies provider, Fastenal Company (NASDAQ:FAST) declared on Tuesday profit for the Q2 that surged 8% from previous year, reflecting improved operating margins as well as net sales growth. EPS for the quarter topped analysts’ expectations by a penny, while quarterly net sales missed their estimates by a whisker. Sales were boosted mainly from higher unit sales, while it was impacted by minimal price changes in its non-fastener products and some price deflation in its fastener products, but the net impact was a drag on growth. Fastenal Company (NASDAQ:FAST) stock price closed at $41.11 with the total traded volume of 6.84 Million shares. Its price to sales ratio ended at 3.30. Its market capitalization is 12.08 Billion. The stock owned by the Financial Institutions was 85.70% while by insiders was 0.10%.

JPMorgan Chase & Co. (NYSE:JPM) released on Tuesday that its Q2 net income of $6.29B or $1.54 a share, as compared to $5.98B or $1.46 a share, previous year. Chairman and CEO, Jamie Dimon stated that their firm had strong results this quarter, and each of our businesses performed well, with broad and consistent underlying growth. On average, 29 analysts polled by Thomson Reuters expected the company to report profit per share of $1.44 for the quarter. Analysts’ estimates typically exclude special items. Net revenue was $24.53 billion compared to $25.34 billion last year. Analysts expected revenue of $24.49 billion for the quarter. JPMorgan Chase & Co. (NYSE:JPM) begun last trade with a price of $68.00 and throughout the trading session climbed at a high of $69.10. The day-trade ended with 1.40% to $69.04. The stock is going forward to its 52 week low with 29.75% and lagging behind from its 52 week high price with -0.47%.

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Jason Dinner