Earnings continue to pour in, with three Dow components reporting this morning before the open or after the close yesterday. AT&T (T) beat estimates by a penny after the close. The company reported strong subscriber growth in the first quarter, adding more than a million wireless subscribers, including 625,000 with long-term contracts. Boeing (BA) reported this morning, beating earnings per share handily. The company also raised its earnings estimate for the year. Procter & Gamble (PG) beat earnings, but said sales were negatively impacted by foreign currency fluctuations. So far, corporate earnings overall have been just ok. Most companies are beating estimates, but not by as wide a margin as in years past. In response, stocks have been on a slow, steady upward trend, but just without the huge percentage swings that became common in recent months.
Yahoo Finance Editor-in-Chief Aaron Task said expectations were so low that anything above estimates is being greeted as “not as bad asRead More »from Stocks to watch: T, BA, PG, DAL, BIIB, AAPL, FB