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DAILY EARNINGS

Amazon, Colgate, Viza Net Jump; Ford, Microsoft Net Fall


Author: Mukesh Buch
ticker.com
Last Update: 12:16 PM ET April 25 2014

10:45 AM New York Amazon first-quarter net surged 32% to $108 million. Colgate-Palmolive first-quarter net plunged 16% to $388 million. Ford first-quarter net tumbled 39% to $989 million. Microsoft third-quarter net declined 32% to $5.7 billion. Visa second-quarter net soared 26% to $1.6 billion.

Earnings Review

American Electric Power Company Inc (AEP), the electric utility company said revenue in the first-quarter ending in March climbed 21% to $4.6 billion.

Net income in the quarter surged 54.3% to $560 million or $1.15 a diluted share compared to $363 million or 75 cents.

Amazon.com, Inc (AMZN), the e-retailer reported net sales in the first-quarter ending in March soared 23% to $19.74 billion.

Net income in the quarter climbed 31.7% to $108 million or 23 cents a diluted share compared to $82 million or 18 cents.

The retailer said net sales in the second-quarter are expected between $18.1 billion and $19.8 billion or to increase in the range of 15% to 26% from second-quarter 2013.

Colgate-Palmolive Company (CL), the consumer products maker said net sales in the first-quarter ending in March was flat at $4.32 billion.

Net income in the quarter plunged 15.6% to $388 million or 42 cents a diluted share compared to $460 million or 48 cents.

Ford Motor Company (F), the automobile company reported revenue in the first-quarter ending in March rose 0.8% to $35.9 billion.

Net income in the quarter tumbled 38.6% to $989 million or 24 cents a diluted share compared to $1.61 billion or 40 cents.

The company said results were adversely affected by several significant factors including safety recalls and other product campaigns and weather-related costs.

Ford affirmed its pre-tax profit forecast for the year between $7 billion and $8 billion as it launches 23 new global vehicles.

Microsoft Corporation (MSFT), the software developer reported revenue in the third-quarter ending in March fell 0.4% to $20.40 billion.

Net income in the quarter declined 31.7% to $5.66 billion or 68 cents a diluted share compared to $6.05 billion or 72 cents.

Separately today Microsoft said it has completed acquisition of the Nokia devices and services business after completion of all regulatory approvals around the world.

Starbucks Corporation (SBUX), the coffee and fresh food retailer operator stated revenue in the second-quarter ending in March climbed 9.1% to $3.87 billion.

Global comparable store sales in the quarter jumped 6%, Americas and U.S. comparable sales rose 6% and China/Asia Pacific comparable sales increased 7%.

Net income in the quarter climbed 9.4% to $427 million or 56 cents a diluted share compared to $390.4 million or 51 cents.

Visa Inc (V), the payments processor reported revenue in the second-quarter ending in March jumped 6.7% to $3.16 billion.

Net income in the quarter soared 26% to $1.60 billion or $2.52 a diluted share compared to $1.27 billion or $1.92.
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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