April 22nd, 2009
07:43 PM GMT
The Q25 on Tuesday
Caterpillar – This proved to be one of our trickiest. Stripping out one-offs, the company actually beat expectations, (so suggested a Green apple) But the company lost money for the first time in years, and its outlook forecast was horrible. We gave it a RED apple
Coca-Cola – A traditional recession-proof stock, and the latest numbers showed growth in international markets, even though the U.S .fell back. It was a clear GREEN apple
Delta Airlines – The airline has made a loss for six straight quarters. Through cost cutting Delta managed to beat analysts' expectations so that suggests a Green. Look a bit deeper and you see Delta is still cutting capacity, and there is no sign of an upturn in premium traffic vital for a restoration. It's a RED apple
Lockheed Martin – A solid defense company which made less money but still remained profitable throughout the recession. Its earnings were at the upper end of estimates. And the defense business remains strong. A GREEN
Merck – A fall in the share price after the company missed its numbers. And a poor outlook and forecast. All this in a company which has been buying up other drug makers. We felt it was a RED Apple
Now the jars are looking pretty equal. Wednesday is a truly bumper day...
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