Tuesday reminded investors of the amount of energy that the Federal Reserve operates in the direction of the stock market. Until evening with the announcement of the central bank, the volume of transactions broadly higher, defying negative earnings news from a copy of the key components of the Dow Jones index. However, the Fed's statement could not lift the veil of uncertainty over the future course of interest rates, which in turn led stocks lower for the day. Some of the worst results were Wednesday VMware (NYSE: VMW), United States Steel (NYSE: X) and Tupperware Brands (NYSE: TUP).
VMware sank nearly 10% after announcing its latest quarterly results. Cloud computing and performance of virtual technology specialist in the fourth quarter actually exceeded what most had expected investors to see, including 10% of revenues and profits of up to 17% of profits adjusted earnings per share. VMware disappointed that shareholders was that the company gave guidance only 2% to 4% revenue growth for 2016, much slower than its previous forecast, and earnings growth could disappear almost entirely if VMware predictions are correct. The fact that VMware is laying off 800 employees raised fears that the rapid growth phase of the company could be coming to an end, which makes the population of a hard sell to those who depend on earnings range to support high equity returns.
US Steel fell 14%, joining the crowd of disappointing results recorded a loss of nearly $ 1 billion for the fourth quarter. While much of this decline comes from a single provision relating to taxes, the steel also continues to struggle in a difficult market. In addition, US Steel dare to predict a recovery in 2016, saying that uncertainty about the future direction of economic growth in many parts of the world has prevented him being too optimistic about its future results over the next year. Given the length of the steel industry he has been struggling, investors are used to having to be patient, but comments from US steel on the market for heavy metals were quite pessimistic.
Finally, Tupperware Brands has had a success rate of 15% on Wednesday. The manufacturer of household items is the latest victim of the strength of the US dollar in presenting a 13% drop in revenue for its first fiscal quarter it reported adjusted earnings per share down 22% from last year's profit levels. Excluding currency effects, Tupperware said they actually gained ground in most international markets, but some of those who follow the stock in question as well as the growth was not as strong as the company had seen in the past . Tupperware seen in initiatives to help strengthen its local sales force on the ground in key geographic areas, but the company still gave pessimistic guidance for 2016 revenue and net profit. It could take a long time before Tupperware efforts to stabilize its activity more clearly on its financial results.
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