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DAILY EARNINGS

Altria, McKesson Net Jump; MasterCard, Time Warner Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 6:41 AM ET October 29 2015

12:30 AM New York Altria third-quarter soared 9% to $1.5 billion. Johnson Controls fourth-quarter net surged 13% to $349 million. MasterCard third-quarter net fell 4% to $977 million. McKesson second-quarter net surged 32% to $617 million. Time Warner third-quarter net plunged 12% to $437 million.

Tollbooth Index edged up 6.54 to 11,006.02.

Earnings Review

Aetna Inc (AET), the health care benefits company said total revenues in the third-quarter ending in September fell 2% from a year ago to $14.95 billion.

Net income in the quarter dropped 6% to $560.1 million or $1.59 per diluted share compared to $594.5 million or $1.67 per share from the same quarter last year.

Altria Group Inc (MO), the cigarettes and wine maker reported net revenues in the third-quarter ending in September rose 3.2% from a year ago to $6.7 billion.

Net income in the quarter soared 9.4% to $1.53 billion or 78 cents per diluted share compared to $1.40 billion or 71 cents per share from the same quarter last year.

Altria reaffirmed earnings per share forecast in the range of $2.76 to $2.81.

ConocoPhillips (COP), the oil and gas producer said net in the third-quarter ending in September swung to a loss of $1.07 billion compared to net income of $2.70 billion and diluted loss per share swung to a 87 cents from diluted earnings per share of $2.17.

Johnson Controls Inc (JCI), the temperature regulation systems maker reported revenues in the fourth-quarter ending in September declined 12.1% from a year ago to $8.75 billion.

Net income in the quarter surged 12.9% to $349 million or 53 cents per diluted share compared to $309 billion or 46 cents per share from the same quarter last year.

MasterCard Inc (MA), the debit and credit card services provider reported revenues in the third-quarter ending in September rose 2% from a year ago to $2.5 billion.

Net income in the quarter fell 4.2% to $977 million or 86 cents per diluted share compared to $1.02 billion or 87 cents per share from the same quarter last year.

MasterCard said worldwide purchase volume in the quarter surged 12% to $852 billion and customers issued 2.2 billion MasterCard and Maestro-branded cards.

McKesson Corporation (MCK), the medical and healthcare information provider said revenues in the second-quarter ending in September jumped 10% from a year ago to $48.8 billion.

Net income in the quarter surged 32% to $617 million or $2.63 per diluted share compared to $469 million or $1.99 per share from the same quarter last year.

McKesson forecasted diluted earnings per share for the year between $12.50 and $13.

MGM Resorts International (MGM), the casino resorts operator said revenues in the third-quarter ending in September slumped 8.4% from a year ago to $2.28 billion.

Net in the quarter swung to profit $66.4 million or 12 cents per diluted share compared to a loss of $20.3 billion or 4 cents per share from the same quarter last year.

New York Times Co (NYT), the media company stated revenues in the third-quarter ending in September rose 0.7% from a year ago to $367.4 million.
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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