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DAILY EARNINGS

Alphabet, Amazon, Merck Net Jump; Chevron Net Swing to Loss


Author: Mukesh Buch
ticker.com
Last Update: 12:46 PM ET July 29 2016

12:00 PM New York Alphabet second-quarter net soared 43% to $4.9 billion. Amazon second-quarter net surged to $857 million. Chevron second-quarter net swung to a loss of $1.5 million. Exxon Mobil second-quarter net tumbled 59% to $1.7 billion. Ford second-quarter net declined 9% to $2 billion.

Tollbooth Index increased 55.64 or 0.5% to 11,148.66.

Earnings Review

Alphabet Inc (GOOG), the search engine services provider reported revenues in the second-quarter ending in June advanced 21.3% from a year ago to $21.50 billion.

Net income in the quarter soared 43.1% to $4.88 billion or $7 per diluted share compared to $3.41 billion or $4.93 per share from the same quarter last year.

Amazon.com, Inc (AMZN), the online market place said total sales in the second-quarter ending in June jumped 31.1% from a year ago to $30.40 billion.

Net income in the quarter surged to $857 million or $1.78 per diluted share compared to $92 million or 19 cents per share from the same quarter last year.

Chevron Corporation (CVX), the petroleum refiner stated revenues in the second-quarter ending in June plunged 24.3% from a year ago to $30.40 billion.

Net in the quarter swung to a loss of $1.5 million or 78 cents per diluted share compared to profit of $571 million or 30 cents per share from the same quarter last year.

Exxon Mobil Corporation (XOM), the oil and gas producer said revenues in the second-quarter ending in June declined 22.2% from a year ago to $57.69 billion.

Net income in the quarter tumbled 59.4% to $1.70 billion or 41 cents per diluted share compared to $4.19 billion or $1 per share from the same quarter last year.

Ford Motor Company (F), the passenger car and trucks maker reported total revenues in the second-quarter ending in June jumped 5.9% from a year ago to $39.49 billion.

Net income in the quarter declined 8.8% to $1.97 billion or 49 cents per diluted share compared to $2.16 billion or 54 cents per share from the same quarter last year.

Merck & Co., Inc (MRK), the healthcare products maker stated revenues in the second-quarter ending in June edged up 0.5% from a year ago to $9.84 billion.

Net income in the quarter jumped 76.1% to $1.21 billion or 43 cents per diluted share compared to $687 million or 24 cents per share from the same quarter last year.

United Parcel Service, Inc (UPS), the package delivery services provider said revenues in the second-quarter ending in June gained 3.8% from a year ago to $14.63 billion.

Net income in the quarter advanced 3.2% to $1.27 billion or $1.43 per diluted share compared to $1.23 billion or $1.35 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