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DAILY EARNINGS

Apple Net Jumps; Coca-Cola, McDonald's, Verizon Net Drop


Author: Mukesh Buch
ticker.com
Last Update: 12:58 PM ET October 21 2014

12:30 AM New York Apple fourth-quarter net soared 13% to $9 billion. Coca-Cola third-quarter net tumbled 14% to $2.11 billion. Kimberly Clark third-quarter net rose 3% to $562 million. McDonald''s third-quarter net plummeted 30% to $1.1 billion. Verizon third-quarter net tumbled 32% to $3.8 billion.

Tollbooth Index jumped 1.5% or 139.03 to 9,169.36.

Earnings Review

Apple Inc (AAPL), the consumer devices maker reported revenue in the fourth-quarter ending on September 27 climbed 12.3% to $42.1 billion from a year ago period.

Net income in the quarter soared 13.3% to $8.5 billion or $1.42 a diluted share compared to $7.5 billion or $1.18 from a same quarter last year.

Apple said overall smart-phone sales increased to 39.27 million units and iPad sales soared to 12.32 million units. Tablet sales declined more than 7% to 12.3 million units from the previous quarter. Mac sales soared 21% to 5.5 million units, the strongest percentage growth since the December quarter of 2011.

Apple forecasted revenue for its fiscal 2015 first-quarter between $63.5 billion and $66.5 billion and gross margin between 37.5% and 38.5%.

Harley-Davidson Inc (HOG), the motorcycle maker said revenue in the third-quarter ending on September 28 dropped 4.2% to $1.13 billion from a year ago period.

Net income in the quarter declined 7.7% to $150.1 million or 69 cents a diluted share compared to $162.7 million or 73 cents from a same quarter last year.

Illinois Tool Works Inc (ITW), the diversified conglomerate reported revenues in the third-quarter ending in September rose 3.5% to $3.69 billion from a year ago period.

Net income in the quarter surged 17.5% to $531 million or $1.34 a diluted share compared to $452 million or $1.01 from a same quarter last year.

The Coca-Cola Company (KO), the beverage maker said revenue in the third-quarter ending on September 26 was flat at $11.98 billion from a year ago period.

Net income in the quarter tumbled 14% to $2.11 billion or 48 cents a diluted share compared to $2.45 billion or 54 cents from a same quarter last year.

Kimberly Clark Corp (KMB), the sanitary products maker reported net sales in the third-quarter ending in September jumped 3.4% to $5.44 billion from a year ago period.

Net income in the quarter rose 2.9% to $562 million or $1.50 a diluted share compared to $546 million or $1.42 from a same quarter last year.

McDonald''s Corporation (MCD), the fast food restaurant operator said revenue in the third-quarter ending in September plunged 5% to $6.99 billion from a year ago period.

Net income in the quarter plummeted 30% to $1.07 billion or $1.09 a diluted share compared to $1.52 billion or $1.52 from a same quarter last year.

McDonald''s said comparable sales in the U.S. decrease of 3.3% and Europe''s third quarter comparable sales declined 1.4%. Comparable sales in the quarter from Asia-Pacific, Middle East and Africa plunged 9.9%.

Travelers Companies Inc (TRV), the insurance company stated total revenue in the third-quarter ending in September climbed 7% to $6.89 billion from a year ago period.

Net income in the quarter jumped 6% to $919 million or $2.69 a diluted share compared to $864 million or $2.30 from a same quarter last year.

Verizon Communications Inc (VZ), the wireless communication service provider said revenue in the third-quarter ending in September increased 4.3% to $31.6 billion from a year ago period.

Net income in the quarter tumbled 32% to $3.79 billion or 89 cents a diluted share compared to $5.58 billion or 78 cents from a same quarter last year.

The company said during the quarter it added 1.5 million net retail connections and retail post-paid churn to 1% and 106.2 million total retail connections; 100.1 million total retail post-paid connections, a 5.2% increase year over 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