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DAILY EARNINGS

AON, Estee Lauder Net Rise; CME, Cummins, Moody's Net Drop


Author: Mukesh Buch
ticker.com
Last Update: 12:36 PM ET February 05 2016

12:00 PM New York – AON fourth-quarter net surged 27% to $584 million. ArcelorMittal fourth-quarter net loss widened to $6.7 billion. CME fourth-quarter net slid 5% to $292 million. Estee Lauder second-quarter net rose 2% to $446 million. Moody''s fourth-quarter net plummeted 8% to $218 million.

Tollbooth Index declined 238.18 or 2.4% to 9,830.18.

Earnings Review

AON Plc (AON), the U.K.-focused insurance, consulting and outsourcing services provider said total revenues in the fourth-quarter ending in December were flat from a year ago at $3.3 billion.

Net income in the quarter surged 27% to $584 million or $2.09 per diluted share compared to $459 million or $1.56 per share from the same quarter last year.

ArcelorMittal SA (MT), the Luxembourg-focused steel producer reported revenues in the fourth-quarter ending in December plunged 25.3% from a year ago to $13.98 billion.

Net loss in the quarter widened to $6.69 billion or $3.72 per diluted share compared to $955 million or 53 cents per share from the same quarter last year.

Separately, the steel producer today announced that it had sold its 35% stake in Gestamp Automoción to the majority shareholder, the Riberas family, for cash of €875 million.

The steelmaker plans to raise about $3 billion and sell its minority stake in Gestamp for about $1 billion to reduce net debt by $4 billion to below $12 billion.

Ametek Inc (AME), the electronic and electromechanical devices maker stated revenues in the fourth-quarter ending in December slumped 4% from a year ago to $988 million.

Net income in the quarter declined 10% to $136.8 million or 57 cents per diluted share compared to $152 million or 62 cents per share from the same quarter last year.

CME Group Inc (CME), the commodity exchange operator reported revenues in the fourth-quarter ending in December fell 3.2% from a year ago to $813.8 million.

Net income in the quarter slid 4.8% to $291.7 million or 86 cents per diluted share compared to $305.5 million or 91 cents per share from the same quarter last year.

Cummins Inc (CMI), the diesel engine manufacturer stated revenues in the fourth-quarter ending in December declined 6% from a year ago to $4.8 billion.

Net income in the quarter plunged 63.7% to $161 million or 92 cents per diluted share compared to $444 million or $2.44 per share from the same quarter last year.

Estee Lauder Companies Inc (EL), the fragrance and personal care products maker reported net sales in the second-quarter ending in December jumped 3% from a year ago to $3.12 billion.

Net income in the quarter rose 2% to $446.2 million or $1.19 per diluted share compared to $435.7 million or $1.13 per share from the same quarter last year.

Moody''s Corporation (MCO), the credit ratings agency said revenues in the fourth-quarter ending in December slid 1% from a year ago to $865.9 million.

Net income in the quarter plummeted 7.8% to $217.9 million or $1.09 per diluted share compared to $236.3 million or $1.12 per share from the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc