Latest Earnings from the S&P 500 Fail to Impress Investors – Latest Updates on MAT, UAL, V and VZ

New York, New York – April 22nd, 2016 – The S&P 500 Index fell from their four-month highs Thursday as earnings from a number of companies failed to meet expectations. The S&P 500 Index declined 0.50 percent to close at 2,091.96, up 2.37 percent year-to-date. Telecommunications companies were amongst the largest losers in the S&P 500 Index Thursday with a decline of approximately 2.3 percent. Latest analysts’ estimates call for a 9.5 percent year-over-year decline in first quarter profit for the S&P 500.

“Earnings for the most part are not as bad as feared,” said CMC Markets analyst Jasper Lawler. “Just the Fed by itself at this point is not enough to really catalyze the next big move in the market. You have to have earnings move alongside that. We expect the present move in the market to peter out as we get closer to the older highs because we just don’t have the earnings to justify the next leg.”

Here is how some S&P 500 companies reacted Thursday:

Mattel, Inc. (NASDAQ: MAT) shares fell 5.78 percent to close at $31.13 a share Thursday. The stock traded between $29.95 and $31.75 on volume of 19.59 million shares traded. The company reported a net loss of $11.2 million, or $0.03 per share, for the first quarter of 2016, compared with a profit of $38.5 million, $0.11 per share, a year ago. Shares of Mattel have gained approximately 15.0 percent year-to-date and are down roughly 5.0 percent in the past month.

Find out more about Mattel including full access to the equity report at:        
www.StockTheory.com/MAT

United Continental Holdings Inc. (NYSE: UAL) shares dropped 10.00 percent to close at $52.74 a share Thursday. The stock traded between $51.33 and $56.00 on volume of 25.28 million shares traded. United Continental reported a profit of $313.0 million for the first quarter of 2016, a decrease of 38.0 percent when compared to a year ago. Shares of United Continental have fallen approximately 8.0 percent year-to-date and are down roughly 14.0 percent in the past month.

Find out more about United Continental including full access to the equity report at: 
www.StockTheory.com/UAL

Visa Inc. (NYSE: V) shares declined 0.39 percent to close at $80.83 a share Thursday. The stock traded between $80.68 and $81.67 on volume of 9.52 million shares traded. The company reported a net income of $1.71 billion, or $0.71 a Class A share, for the first quarter of 2016, an increase of 10.0 percent when compared to a year ago. Shares of Visa have gained approximately 4.0 percent year-to-date and are up roughly 10.0 percent in the past month.

Find out more about Visa including full access to the equity report at:          
www.StockTheory.com/V

Verizon Communications Inc. (NYSE: VZ) shares declined 3.30 percent to close at $50.04 a share Thursday. The stock traded between $49.47 and $50.68 on volume of 32.16 million shares traded. Verizon reported revenues were $32.17 billion for the first quarter of 2016, up from $31.98 billion a year ago but short of analysts’ estimates of $32.45 billion. Shares of Verizon Communications have gained approximately 8.0 percent year-to-date, but have fallen roughly 6.0 percent in the past month.

Find out more about Verizon Communications including full access to the equity report at:  
www.StockTheory.com/VZ

About StockTheory.com

Stock Theory strives to provide our members with the most up-to-date information about recent market activities. We take the hard work, time, and effort off your shoulders. We create and prove up-to-date Equity Reports and Newsletters offering unique and timely market perspectives for our members. We dive into the research while following a strict set of proven principles to uncover companies with high growth potential. For more information visit www.StockTheory.com

PLEASE SEE DISCLAIMER

Contact:   
Stock Theory 
press@stocktheory.com