Second quarter earnings: CVS Health, Kraft Heinz, Procter Gamble and Nestle

4 August 2021 04.08.2021
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Second quarter earnings: CVS Health, Kraft Heinz, Procter Gamble and Nestle

Profit in the second quarter

CVS Health Corp (NYSE:CVS) reported second-quarter results on Wednesday that beat analysts' estimates. The earnings figure beat forecasts.

The company reported $2.42 earnings per share and revenues of $72.62B. Analysts had projected earnings per share of $2.06 and total revenue of $70.14B.

CVS Health Corp's stock price, up 22% this year, has performed better than the S&P 500 Index overall, rising 17% since the beginning of the year.

Kraft Heinz report

Kraft Heinz reported second-quarter results on Wednesday that beat analysts' estimates. The revenue figure exceeded forecasts.

The company reported $0.78 earnings per share and revenue of $6.62B. Analysts had projected earnings per share of $0.7203 and total revenue of $6.55B.

Kraft Heinz's share price, up 12% this year, has performed worse than average according to the Nasdaq 100 index, having risen 16% since the beginning of the year.

Procter Gamble report

Procter Gamble reported fourth-quarter earnings of $1.13 on Friday, with earnings of $18.95B, compared with earnings per share guidance of $1.08 for total earnings of $18.37B.

Nestle report

Nestle ADR earnings matched analysts' expectations in the July 29 second quarter, with quarterly earnings per share of $2.3 on total earnings of $22.81B Analysts had previously predicted earnings per share of $2.3 on total earnings of $22.49B.
 

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