Ford (F), Las Vegas Sands (LVS) and United Rentals (URI) are set to report earnings after the close today. Check back here for updates.
Estimates: Fourth-quarter earnings per share to jump 40% to 42 cents, on sales of $37.22 billion, up 3%, according to Zacks Investment Research.
Results: To be announced.
Stock: Shares were up 0.5% at 12.02 on the stock market today. Rival General Motors (GM) rose 1.6%, while Fiat Chrysler (FCAU), which reports Thursday, dipped 0.2%.
Ford shares dropped last week after the automaker’s preliminary 2017 results and outlook for this year disappointed Wall Street, with rising supply costs and currency swings slicing into on the company’s finances.
Even as Ford plows more investments into electric vehicles and plans tests for self-driving, ride-shareable cars, the company has had to contend with the near-term shift in consumer tastes toward trucks and SUVs — at the expense of passenger cars.
The company’s results also come amid expectations of falling auto sales more broadly in the U.S. this year.
Las Vegas Sands
Estimates: Fourth-quarter EPS up 24% to 77 cents, as revenue increases 4% to $3.205 billion.
Stock: Shares eased 0.2% to 77.53. Wynn Resorts (WYNN) rose 1.6%, while Hong Kong-based Melco Resorts & Entertainment (MLCO) fell 1.5%.
MGM Resorts International (MGM), a more Las-Vegas-centric casino operator that also has operations in Macau, rallied 1.5%.
Wynn Resorts on Monday reported fourth-quarter earnings and sales that beat estimates, helped by gains in Macau, the only place in China where gambling is legal. But the company’s sales in Las Vegas dipped.
Estimates: Wall Street expects the equipment rental company to report Q4 EPS of $3.34, up 25%, on revenue of $1.878 billion, up 23%.
Stock: Shares were down 0.4% at 185.11.
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