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DAILY EARNINGS

BlackRock, PepsiCo Net Jump; GE, IBM Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 5:44 AM ET April 17 2014

10:45 AM New York GE first-quarter net plunged 15% to $3 billion. Goldman Sachs first-quarter net dropped 11% to $1.9 billion. Google first-quarter net rose 2% to $3.45 billion. IBM first-quarter net plummeted 21% to $2.4 billion. PepsiCo first-quarter net soared 13% to $1.22 billion.

Earnings Review

Baker Hughes Inc (BHI), the oilfield service provider reported revenue in the first-quarter ending in March soared 10% to $5.73 billion.

Net income in the quarter jumped 11% to $328 million or 74 cents a diluted share compared to $267 million or 60 cents.

BlackRock, Inc (BLK), the investment management services provider said revenue in the first-quarter ending in March climbed 9% to $2.67 billion.

Net income in the quarter soared 20% to $756 million or $4.40 a diluted share compared to $632 million or $3.62.

General Electric Company (GE), the industrial conglomerates reported revenues in the first-quarter ending in March decreased 2% to $34.2 billion.

Net earnings in the quarter declined 15% to $3 billion or 30 cents a diluted share compared to $3.53 billion or 34 cents.

Goldman Sachs Group Inc (GS), investment bank and brokerage group said net revenues in the first-quarter ending in March declined 7.5% to $9.33 billion.

Net earnings in the quarter plunged 10.9% to $1.95 billion or $4.02 a diluted share compared to $2.19 billion or $4.29.

Google Inc (GOOG), the search engines provider reported revenue in the first-quarter ending in March soared 19% to $15.42 billion.

Net income in the quarter rose 2% to $3.45 billion or $5.04 a diluted share compared to $3.35 billion or $4.97.

International Business Machines Corp (IBM), the information technology reported revenue in the first-quarter ending in March dropped 4% to $22.5 billion.

Net income in the quarter plummeted 21% to $2.4 billion or $2.29 a diluted share compared to $3 billion or $2.72.

Morgan Stanley (MS), investment bank and brokerage group stated revenues in the first-quarter ending in March jumped 10% to $8.93 billion.

Net earnings in the quarter surged 55% to $1.45 billion or 74 cents a diluted share compared to $936 million or 48 cents.

PepsiCo, Inc (PEP), the food and beverage maker said net revenue in the first-quarter ending in March nearly flat at $12.62 billion from $12.58 billion a year ago.

Net income in the quarter soared 13% to $1.22 billion or 79 cents a diluted share compared to $1.07 billion or 69 cents.

UnitedHealth Group Inc (UNH), the healthcare company reported revenues in the first-quarter ending in March rose 5% to $31.7 billion.

Net income in the quarter declined 7.6% to $1.1 billion or $1.10 a diluted share compared to $1.19 billion or $1.16.
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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