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DAILY EARNINGS

Altria, Baxter Net Soar; Ingersoll-Rand, Johnson Controls Net Drop


Author: Mukesh Buch
ticker.com
Last Update: 11:48 AM ET February 01 2017

12:00 PM New York Altria fourth-quarter net soared to $10.3 billion. Baxter fourth-quarter net soared 19% to $243 million. Celanese fourth-quarter net swung to profit $161 million. Ingersoll-Rand fourth-quarter net plunged 15% to $199 million. Johnson Controls first-quarter net plummeted 27% to $329 million.

Tollbooth Index fell 21.67 or 0.2% to 11,237.92.

Earnings Review

Altria Group Inc (MO), the tobacco products and wine maker said net revenues in the fourth-quarter ending in December fell 1% from a year ago to $6.25 billion.

Net income in the quarter soared to $10.25 billion or $5.27 per diluted share compared to the $1.25 million or 64 cents per share in the same quarter last year.

Altria recorded a pre-tax gain on transaction of $13.7 billion on business combination of AB InBev and SABMiller in last year. Operating earnings before the gain linked to the AB InBev and SAB Miller business combination increased 1.4% to $1.99 billion from $1.96 billion.

Altria purchased approx 12 million shares of AB InBev, increasing its ownership to approximately 10.2%.

In October 2016, AB InBev acquired SABMiller plc and Altria received shares representing 9.6% ownership in the combined company.

Baxter International Inc (BAX), the renal and hospital products provider reported revenues in the fourth-quarter ending in December rose 2% from a year ago to $2.6 billion.

Net income in the quarter soared 19% to $243 million or 44 cents per diluted share compared to the $205 million or 37 cents per share in the same quarter last year.

Celanese Corporation (CE), the specialty chemicals producer said revenues income in the fourth-quarter ending in December fell 1.5% from a year ago to $1.31 billion.

Net in the quarter swung to profit $161 million or $1.12 per diluted share compared to the loss of $301 million or $2.03 per share in the same quarter last year.

Energizer Holdings Inc (ENR), the batteries and lighting products maker stated net sales in the first-quarter ending in December soared 10.4% from a year ago to $559.6 million.

Net income in the quarter tumbled 57% to $95.6 million or $1.52 per diluted share compared to the $65.5 million or $1.05 per share in the same quarter last year.

Ingersoll-Rand Plc (IR), the Ireland-based industrial machinery and equipment maker reported revenues in the fourth-quarter ending in December rose 1% from a year ago to $3.36 billion.

Net income in the quarter plunged 14.9% to $198.8 million or 75 cents per diluted share compared to the $233.5 million or 88 cents per share in the same quarter last year.

Johnson Controls International Plc (JCI), the Ireland-based diversified technology provider reported revenues in the first-quarter ending in December increased 1% from a year ago to $7.1 billion.

Net income in the quarter plummeted 26.9% to $329 million or 35 cents per diluted share compared to the $450 million or 69 cents per share in the same quarter last year.

Tupperware Brands Corporation (TUP), the cosmetics and personal care products maker said sales in the fourth-quarter ending in December grew 1% from a year ago to $600.9 million.

Net income in the quarter surged 35.9% to $79 million or $1.55 per diluted share compared to the $58.1 million or $1.15 per share in 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