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DAILY EARNINGS

Boeing, Biogen Net Surge; Kimberly Clark, Coca-Cola Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 7:38 AM ET October 21 2015

12:30 AM New York Abbott third-quarter net jumped 8% to $580 million. Boeing third-quarter net surged 25% to $1.7 billion. GM third-quarter net was flat at $1.4 billion. Kimberly Clark third-quarter net plunged 8% to $517 million. Coca-Cola third-quarter net declined 31% to $1.5 billion.

Tollbooth Index slipped 66.45 or 0.4% to 10,597.30.

Earnings Review

Abbott Laboratories (ABT), the health care products maker said revenues in the third-quarter ending in September rose 1.4% from a year ago to $5.15 billion.

Net income in the quarter jumped 7.6% to $580 million or 38 cents per diluted share compared to $538 million or 36 cents from the same quarter last year.

ABB Ltd (ABB), the Switzerland-based power and automation technology provider stated revenues in the third-quarter ending in September plunged 13% from a year ago to $8.52 billion.

Net income in the quarter tumbled 21% to $577 million or 26 cents per diluted share compared to $734 million or 35 cents from the same quarter last year.

Boeing Co (BA), aerospace company reported revenues in the third-quarter ending in September advanced 7% from a year ago to $25.85 billion.

Net income in the quarter surged 25% to $1.70 billion or $2.47 per diluted share compared to $1.36 billion or $1.86 from the same quarter last year.

Biogen Inc (BIIB), the biopharmaceutical company said total revenues in the third-quarter ending in September jumped 10.8% from a year ago to $2.78 billion.

Net income in the quarter soared 12.7% to $965.6 million or $4.15 per diluted share compared to $856.9 million or $3.62 from the same quarter last year.

General Motors Company (GM), the vehicle maker reported total revenues in the third-quarter ending in September fell 1.3% from a year ago to $38.8 billion.

Net income in the quarter was flat at $1.4 billion from a year ago period and diluted earnings per share rose to 84 cents from 81 cents from the same quarter last year.

Kimberly Clark Corp (KMB), the sanitary products maker said net sales in the third-quarter ending in September declined 7% from a year ago to $4.7 billion.

Net income in the quarter plunged 8% to $517 million or $1.41 per diluted share compared to $562 million or $1.50 from the same quarter last year.

The Coca-Cola Co (KO), the non-alcoholic beverages maker reported total revenues in the third-quarter ending in September dropped 5% from a year ago to $11.43 billion.

Net income in the quarter declined 31% to $1.45 billion or 33 cents per diluted share compared to $2.11 billion or 48 cents from the same quarter last year.

KLA-Tencor Corp (KLAC), the integrated circuit equipment maker agreed to be acquired by Lam Research Corporation at $67.02 per share or $10.6 billion.

Lam Research Corporation stock jumped 6.1% to $74.29.

Separately, the company said revenues in the first-quarter ending in September were nearly flat from a year ago at $642.64 million.
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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