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DAILY EARNINGS

CIGNA, Duke Energy Net Jump; Consolidated Edison Net Drops


Author: Mukesh Buch
ticker.com
Last Update: 1:23 PM ET August 04 2017

12:00 PM New York – Activision Blizzard second-quarter net surged 61% to $243 million. CIGNA second-quarter net soared 59% to $813 million. Consolidated Edison second-quarter net declined 25% to $175 million. Duke Energy second-quarter net soared 34.8% to $686 million.

Tollbooth Index gained 14.87 to 12,393.25.

Earnings Review

Activision Blizzard, Inc (ATVI), the entertainment content developer and publisher reported total revenues in the second-quarter ending in June advanced 4% from a year ago to $1.6 billion.

Net income in the quarter surged 60.9% to $243 million or 32 cents per diluted share from $151 million or 20 cents in the same quarter last year.

In the third-quarter, the company estimated revenues of $1.4 billion and diluted earnings per share of about 9 cents from a year ago period.

The video game publisher forecasted fiscal 2017 revenues of about $6.4 billion and diluted earnings per share of about $1.05 from a year ago period befitted from higher digital sales and multi-player game “Overwatch”.

Ameren Corp (AEE), the utility provider stated revenues in the second-quarter ending in June advanced 7.1% from a year ago to $1.5 billion.

Net income in the quarter surged 31.3% to $193 million or 79 cents per diluted share from $147 million or 61 cents in the same quarter last year.

CBOE Holdings, Inc (CBOE), the market indexes operator said total revenues in the second-quarter ending in June soared 85% from a year ago to $266.9 million.

Net income in the quarter jumped 33% to $67.3 million or 60 cents per diluted share from $50.7 million or 62 cents in the same quarter last year.

CIGNA Corporation (CI), the health care services provider reported revenues in the second-quarter ending in June increased 3.6% from a year ago to $10.3 billion.

Net income in the quarter soared 59.4% to $813 million or $3.15 per diluted share from $510 million or $1.97 in the same quarter last year.

Consolidated Edison, Inc (ED), the electric, gas and steam provider said revenues in the second-quarter ending in June were flat from a year ago to $2.3 billion.

Net income in the quarter declined 24.6% to $175 million or 57 cents per diluted share from $232 million or 77 cents in the same quarter last year.

Duke Energy Corp (DUK), the electricity provider reported total revenues in the second-quarter ending in June jumped 7.7% from a year ago to $5.6 billion.

Net income in the quarter soared 34.8% to $686 million or 98 cents per diluted share from $509 million or 74 cents in the same quarter last year.

The utility provider said profit soared driven by higher prices and electricity sales.

Motorola Solutions Inc (MSI), the mobile devices, accessories and software maker stated sales in the second-quarter ending in June increased 5% from a year ago to $1.5 billion.

Net income in the quarter surged 22.4% to $131 million or 78 cents per diluted share from $107 million or 61 cents in the same quarter last year.

As of June 30, total backlog increased to $8.5 billion, an increase of $265 million from a year ago quarter and products segment backlog soared 15% to $204 million.

Motorola lifted fiscal 2017 revenue growth forecast in the range of 3% to 4% from the earlier estimate of 2% and earnings per share between $5.20 and $5.30 from the prior outlook of $5.08 to $5.23.

Sempra Energy (SRE), the multiline utilities provider reported revenues in the second-quarter ending in June jumped 13.6% from a year ago to $2.5 billion.

Net income in the quarter surged to $259 million or $1.03 per diluted share from $16 million or 6 cents in the same quarter last year.

Sempra lifted fiscal 2017 earnings per share estimate in the range of $4.95 to $5.25 compared to the previous guidance of $4.85 to $5.25.
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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