S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
DAILY EARNINGS

American Tower, Comcast, GM, Hess Net Drop


Author: Mukesh Buch
ticker.com
Last Update: 12:12 PM ET October 30 2013

10:45 AM New York American Tower third-quarter net plummeted 22% to $180 million. Comcast third-quarter net plunged 18% to $1.7 billion. GM third-quarter net plunged 41% to $0.7 billion. Hess third-quarter net tumbled 25% to $420 million. Southern Co third-quarter net jumped 13% to $852 million.

Earnings Review

American Tower Corporation (AMT), the communications infrastructure developer reported total revenue in the third-quarter ending in September climbed 13.3% to $807.9 million.

Net income in the quarter plummeted 22.4% to $180.1 million or 45 cents a diluted share compared to $232.1 million or 58 cents.

The company said revenue from domestic rental and management segment jumped 10.3% to $529.9 million and international rental and management segment revenue surged 22.8% to $266.6 million.

Ameriprise Financial, Inc. (AMP), the financial service provider reported net revenues in the third-quarter ending in September climbed 14% to $2.8 billion. Net income in the quarter surged 120% to $382 million or $1.86 a diluted share compared to $173 million or 79 cents.

Comcast Corporation (CMCSA), the entertainment, and communications service provider revenue in the third-quarter ending in September dropped 2.4% to $ to $16.2 billion.

Net income in the quarter plunged 18% to $1.73 billion or 65 cents a diluted share compared to $2.11 billion or 78 cents.

Revenue in the third quarter for cable communications jumped 5.2% to $10.5 billion and combined video, high-speed internet and voice customers increased climbed 14.9% to 337,000.

The company said revenue in the quarter from NBCUniversal segment declined 14.2% to $5.9 billion and revenue from the cable networks segment increased 4% to $2.2 billion.

Comcast added revenue from its broadcast television segment plummeted 41% to $1.6 billion and Filmed Entertainment segment revenue rose 3.3% to $1.4 billion. Theme parks revenue soared 7.9% to $661 million.

General Motors Corporation (GM), the automobile company said revenues in the third-quarter ending in September grew 4% to $39 billion.

Net income in the quarter plunged 41% to $0.7 billion or 45 cents a diluted share compared to $1.5 billion or 89 cents.

Hess Corporation (HES), the energy company stated revenues in the third-quarter ending in September plummeted 23% to $2.7 billion. Net income in the quarter tumbled 25% to $420 million or $1.23 a diluted share compared to $557 million or $1.64.

LinkedIn Corporation (LNKD), the professional network service provider reported total revenues in the third-quarter ending in September soared 56% to $393 million. Net in the quarter swung to a loss $3.4 million or 3 cents a diluted share compared to a profit of $2.3 million or 2 cents.

Praxair, Inc. (PX), the industrial gases supplier said sales in the third-quarter ending in September jumped 9% to $3 billion. Net income in the quarter rose 3% to $445 million or $1.49 a diluted share compared to $430 million or $1.43.

Public Service Enterprise Group Incorporated (PEG), the energy company stated revenue in the third-quarter ending in September climbed 6% to $2.55 billion. Net income in the quarter soared 12% to $390 million or 77 cents a diluted share compared to $347 million or 68 cents.

The Southern Company (SO), the electric utility provider reported revenue in the third-quarter ending in September slid 0.6% to $5.02 billion. Net income in the quarter jumped 13% to $852 million or 97 cents a diluted share compared to $976 million or $1.11.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc