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DAILY EARNINGS

BB&T, Goldman Sachs Net Soar; Baxter, eBay Net Drop


Author: Mukesh Buch
ticker.com
Last Update: 1:07 PM ET October 16 2014

12:30 AM New York Baker Hughes third-quarter net soared 10% to $375 million. BB&T third-quarter net surged 94% to $520 million. Baxter third-quarter net declined 14% to $468 million. eBay third-quarter net dropped 2% to $673 million. Goldman Sachs third-quarter net climbed 50% to $2.1 billion.

Tollbooth Index slipped 0.8% or 70.33 to 8,836.41.

Earnings Review

American Express Company (AXP), the credit card service provider reported total revenue in the third-quarter ending in September edged up 0.4% to $8.33 billion from a year ago period.

Net income in the quarter climbed 8% to $1.48 billion or $1.40 a diluted share compared to $1.37 billion or $1.25 from a same quarter last year.

Baker Hughes Inc (BHI), the oilfield service provider reported revenue in the third-quarter ending in September climbed 7.9% to $6.25 billion from a year ago period.

Net income in the quarter soared 10% to $375 million or 86 cents a diluted share compared to $341 million or 77 cents from a same quarter last year.

BB&T Corporation (BBT), the banking service provider said revenue in the third-quarter ending in September fell 1.7% to $2.32 billion from a year ago period.

Net income in the quarter surged 94% to $520 million or 71 cents a diluted share compared to $268 million or 37 cents from a same quarter last year.

Baxter International Inc (BAX), the diversified healthcare company stated net sales revenue in the third-quarter ending in September soared 13% to $4.20 billion from a year ago period.

Net income in the quarter declined 14% to $468 million or 86 cents a diluted share compared to $544 million or 99 cents from a same quarter last year.

eBay Inc (EBAY), the online market place provider reported revenue in the third-quarter ending in September surged 12% to $4.4 billion from a year ago period.

Net income in the quarter dropped 2% to $673 million or 54 cents a diluted share compared to $689 million or 53 cents from a same quarter last year.

Goldman Sachs Group Inc (GS), bank and brokerage service provider said net revenue in the third-quarter ending in September jumped 24.8% to $8.39 billion from a year ago period.

Net income in the quarter climbed 49.6% to $2.14 billion or $4.57 a diluted share compared to $1.43 billion or $2.88 from a same quarter last year.

PPG Industries, Inc (PPG), the paints and coatings maker stated net sales in the third-quarter ending in September climbed 4% to $3.94 billion from a year ago period.

Net income in the quarter jumped 64.2% to $371 million or $2.66 a diluted share compared to $226 million or $1.56 from a same quarter last year.

UnitedHealth Group Inc (UNH), the diversified healthcare service provider reported revenue in the third-quarter ending in September advanced 7% to $32.8 billion from a year ago period.

Net earnings in the quarter rose 1.9% to $1.60 billion or $1.63 a diluted share compared to $1.57 billion or $1.53 from a 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