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DAILY EARNINGS

Biogen, Google, Starbucks Net Jump; Microsoft, Xerox Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 1:18 PM ET April 24 2015

12:30 AM New York Amazon first-quarter net swung to loss of $57 million. Google first-quarter net jumped 4% to $3.6 billion. LyondellBasell first-quarter net surged 24% to $1.2 billion. Microsoft third-quarter net plummeted 12% to $5 billion. Starbucks second-quarter net climbed 16% to $495 million.

Tollbooth Index jumped 1% or 104.45 to 10,927.37.

Earnings Review

Amazon.com, Inc (AMZN), the online market place reported net sales in the first-quarter ending in March soared 15% to $22.72 billion from a year ago period.

Net in the quarter swung to a loss of $57 million or 12 cents per diluted share compared to profit of $108 million or 23 cents from the same quarter last year.

Amazon forecasted net sales for the second-quarter between $20.6 billion and $22.8 billion, or to climb between 7% and 18%.

Biogen Inc (BIIB), the biotechnology company said total revenues for the first-quarter ending in March climbed 20% to $2.55 billion from a year ago period.

Net income in the quarter surged 71.4% to $822.54 million or $3.49 per diluted share compared to $479.96 million or $2.02 from the same quarter last year.

DTE Energy Co (DTE), the electric utility company said revenues in the first-quarter ending in March plunged 24.2% to $2.98 billion from a year ago period.

Net income in the quarter tumbled 16.3% to $273 million or $1.53 per diluted share compared to $326 million or $1.84 from the same quarter last year.

Google Inc (GOOG), the search engine services provider reported revenues in the first-quarter ending in March climbed 11.9% to $17.26 billion from a year ago period.

Net income in the quarter jumped 4.1% to $3.59 billion or $5.20 per diluted share compared to $3.45 billion or $5.04 from the same quarter last year.

LyondellBasell Industries NV (LYB), the Netherland-based chemical producer stated revenues in the first-quarter ending in March plummeted 26.5% to $8.19 billion from a year ago period.

Net income in the quarter surged 23.8% to $1.17 billion or $2.42 per diluted share compared to $944 million or $1.72 from the same quarter last year.

Microsoft Corporation (MSFT), the operating systems developer reported revenues in the third-quarter ending in March jumped 6% to $21.73 billion from a year ago period.

Net income in the quarter plummeted 11.8% to $4.99 billion or 61 cents per diluted share compared to $5.66 billion or 68 cents from the same quarter last year.

Starbucks Corporation (SBUX), the specialty coffee retailer said revenues in the second-quarter ending in March soared 17.8% to $4.56 billion from a year ago period.

Net income in the quarter climbed 15.9% to $494.9 million or 33 cents per diluted share compared to $427 million or 28 cents from the same quarter last year.

Ventas, Inc (VTR), the real estate developer stated revenues in the first-quarter ending in March surged 19.2% to $884 million from a year ago period.

Net income in the quarter slid 0.5% to $120.4 million or 37 cents per diluted share compared to $121 million or 41 cents from the same quarter last year.

Xerox Corp (XRX), the business support services provider said total revenues in the first-quarter ending in March dropped 6% to $4.47 billion from a year ago period.

Net income in the quarter slumped 20% to $225 million or 19 cents per diluted share compared to $281 million or 23 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