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DAILY EARNINGS

Apple, Hilton, Southern Co Net Soar; Occidental Net Tumbles


Author: Mukesh Buch
ticker.com
Last Update: 6:52 AM ET October 28 2015

12:30 AM New York Apple fourth-quarter net surged 31% to $11.1 billion. General Dynamics third-quarter net jumped 5% to $733 million. Southern Co third-quarter net surged 34% to $959 million. Twitter third-quarter net loss narrowed to $132 million. Walgreens Boots Alliance fourth-quarter net swung to profit $26 million.

Tollbooth Index increased 93.27 or 0.9% to 10,949.18.

Earnings Review

Apple Inc (AAPL), the mobile and media devices maker reported revenues in the fourth-quarter ending on September 26 soared 22.3% from a year ago to $51.5 billion.

Net income in the quarter surged 30.6% to $11.1 billion or $1.96 per diluted share compared to $8.5 billion or $1.42 per share from the same quarter last year.

Revenues in America in the quarter jumped 8% to $21.8 billion and revenues in Greater China doubled to $12.5 billion from $6.29 billion in a year ago period. Revenues in Asia Pacific region soared 27% to $2.70 billion.

Apple said iPhone unit sales in the quarter surged 22.3% to 48 million units but sales of iPad tumbled 20% to 9.8 million units while unit sales in Mac rose 3% to 5.7 million units.

For the first-quarter, Apple forecasted revenue between $75.5 billion and $77.5 billion and gross margin between 39% and 40%.

General Dynamics Corporation (GD), the aerospace and defense group reported revenues in the third-quarter ending in September increased 3.1% from a year ago to $7.99 billion.

Net income in the quarter jumped 5.3% to $733 million or $2.28 per diluted share compared to $696 million or $2.06 from the same quarter last year.

Hilton Worldwide Holdings Inc (HLT), the hotels and motels operator said total revenues in the third-quarter ending in September jumped 9.8% from a year ago to $2.90 billion.

Net income in the quarter soared 52.5% to $279 million or 28 cents per diluted share compared to $183 million or 19 cents from the same quarter last year.

Intercontinental Exchange Inc (ICE), the trading exchanges operator stated total revenues in the third-quarter ending in September advanced 9.4% from a year ago to $3.388 billion.

Net income in the quarter soared 30.4% to $904 million or $8.10 per diluted share compared to $693 million or $6.02 from the same quarter last year.

Northrop Grumman Corporation (NOC), the security products maker said net sales in the third-quarter ending in September was nearly flat from a year ago at $5.98 billion.

Net income in the quarter jumped 9.1% to $516 million or $2.75 per diluted share compared to $473 million or $2.26 from the same quarter last year.

Separately yesterday, the company said the U.S. Air Force has selected to deliver the nation''s new Long-Range Strike Bomber, wining the Pentagon sweepstakes contract valued at as much as $80 billion to deploy Bombers in the mid-2020.

Occidental Petroleum Corporation (OXY), the oil and gas explorer reported revenues in the third-quarter ending in September plunged 34.1% from a year ago to $3.25 billion.

Net income in the quarter tumbled to $24 million or 3 cents per diluted share compared to $1.05 billion or $1.34 from the same quarter last year.

Southern Company (SO), the public utility provider said total revenues in the third-quarter ending in September increased 1.1% from a year ago to $5.40 billion.
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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