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DAILY EARNINGS

Amgen, ArcelorMittal Net Jump; Aon Chevron, Exxon Mobil Net Plunge


Author: Mukesh Buch
ticker.com
Last Update: 12:43 PM ET July 31 2015

12:30 AM New York Amgen second-quarter net climbed 6% to $1.6 billion. Aon second-quarter net plummeted 41% to $178 million. Chevron second-quarter net tumbled 89% to $571 million. Exxon Mobil second-quarter net plunged 52% to $4.2 billion. LinkedIn second-quarter net loss widened to $68 million.

Tollbooth Index edged up 5.58 to 10,868.88.

Earnings Review

ArcelorMittal SA (MT), the Luxembourg steel producer reported sales in the second-quarter ending in June declined 18.4% to $16.89 billion form a year ago period.

Net income in the quarter soared 244.2% to $179 million or 10 cents per diluted share compared to $52 million or 3 cents from the same quarter last year.

Amgen, Inc (AMGN), the biotechnology company said revenues in the second-quarter ending in June jumped 3.7% to $5.37 billion form a year ago period.

Net income in the quarter climbed 6.4% to $1.65 billion or $2.15 per diluted share compared to $1.55 billion or $2.01 from the same quarter last year.

For the year, Amgen lifted revenues forecast between $21.1 billion and $21.4 billion from the earlier estimated range of $20.9 billion to $21.3 billion and earnings per share in the range of $9.55 to $9.80 compared to previous guidance between $9.35 and $9.65.

Aon Plc (AON), the insurance and outsourcing services provider reported revenues in the second-quarter ending in June dropped 4% to $2.81 billion form a year ago period.

Net income in the quarter plummeted 41% to $178 million or 62 cents per diluted share compared to $304 million or $1.01 from the same quarter last year.

Chevron Corporation (CVX), the petroleum refiner said total revenues in the second-quarter ending in June plunged 30.3% to $40.36 billion form a year ago period.

Net income in the quarter tumbled 89.3% to $571 million or 30 cents per diluted share compared to $5.67 million or $2.98 from the same quarter last year.

Exxon Mobil Corporation (XOM), the oil and natural gas refiner reported revenues in the second-quarter ending in June plummeted 33.4% to $74.11 billion form a year ago period.

Net income in the quarter plunged 52.3% to $4.19 billion or $1 per diluted share compared to $8.78 billion or $2.05 from the same quarter last year.

Enbridge Inc (ENB), the Canada-based energy transportation and distribution company said revenues in the second-quarter ending in June plunged 13.9% to C$8.63 billion form a year ago period.

Net income in the quarter declined 23.7% to C$577 million or 67 cents per diluted share compared to C$756 million or 91 cents from the same quarter last year.

LinkedIn Corp (LNKD), the professional networking site operator reported net revenues in the second-quarter ending in June soared 33% to $711.74 million form a year ago period.

Net loss in the quarter widened to $67.7 million or 53 cents per diluted share compared to $1 million or one cent from the same quarter last year.

LinkedIn added cumulative members in the quarter climbed 21% to 380 million and monthly unique visiting members jumped 16% to an average of 97 million.

The company forecasted revenue for the third-quarter in the range of $745 million to $750 million and earnings per share of about 43 cents.

For the year, LinkedIn lifted revenues estimate of about $2.94 billion from previous guidance of $2.90 billion and earnings per share of about $2.19 compared to earlier forecast of $1.90.

Seagate Technology Plc (STX), the Ireland-based hard disk drives maker said revenues in the second-quarter ending in June dropped 11.2% to $2.93 billion form a year ago period.

Net income in the quarter tumbled 56.9% to $138 million or 43 cents per diluted share compared to $320 million or 95 cents 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