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DAILY EARNINGS

CSX, Wells Fargo Net Jump; JPMorgan Net Plunges


Author: Mukesh Buch
ticker.com
Last Update: 11:39 AM ET January 14 2015

12:30 AM New York CSX fourth-quarter net soared 15% to $491 million. JPMorgan fourth-quarter net declined 12% to $4.9 billion. Progress Software fourth-quarter net fell 4% to $15 million. Quantum third-quarter net swung to profit $7 million. Wells Fargo fourth-quarter net edged up 2% to $5.7 billion.

Tollbooth Index slipped 0.9% or 95.85 to 9,767.84.

Earnings Review

CSX Corporation (CSX), the rail transportation service provider said revenues in the fourth-quarter ending in December jumped 5% to $3.19 billion from a year ago period.

Net earnings in the quarter soared 15% to $491 million or 49 cents a diluted share compared to $426 million or 42 cents from the same quarter last year.

JPMorgan Chase & Co (JPM), the financial service provider reported total net revenues in the fourth-quarter ending in December dropped 2% to $23.55 billion from a year ago period.

Net income in the quarter declined 12% to $4.93 billion or $1.19 a diluted share compared to $5.28 billion or $1.30 from the same quarter last year.

Progress Software Corporation (PRGS), the cloud-based software developer stated total revenues in the fourth-quarter ending in December climbed 8% to $97.89 million from a year ago period.

Net income in the quarter fell 4% to $14.5 million or 28 cents a diluted share compared to $15 million or 29 cents from the same quarter last year.

Quantum Corp (QTM), the online physical and virtual storage solution provider said total revenues in the third-quarter ending in December dropped 2.1% to $142 million from a year ago period.

Net in the quarter swung to profit $6.9 million or 3 cents a diluted share compared to a net loss of $2 million or 1 cent from the same quarter last year.

Wells Fargo & Co (WFC), the bank reported revenues in the fourth-quarter ending in December jumped 4% to $21.4 billion from a year ago period.

Net income in the quarter edged up 2% to $5.7 billion or $1.02 a diluted share compared to $5.61 billion or $1 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