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DAILY EARNINGS

Colgate, CVS Health Net Soar; Chevron, Exxon, Exelon Net Plunge


Author: Mukesh Buch
ticker.com
Last Update: 12:18 AM ET October 30 2015

12:30 AM New York Colgate-Palmolive third-quarter net surged 34% to $726 million. CVS Health third-quarter net soared 32% to $1.3 billion. Chevron third-quarter net tumbled 64% to $2 billion. Exxon Mobil third-quarter net plunged 48% to $4.2 billion. Exelon third-quarter net declined 37% to $629 million.

Tollbooth Index slid 9.18 to 11,003.66.

Earnings Review

Colgate-Palmolive Company (CL), the consumer products maker reported net sales in the third-quarter ending in September plummeted 8.5% from a year ago to $3.99 billion.

Net income in the quarter surged 33.9% to $726 million or 80 cents per diluted share compared to $542 million or 59 cents per share from the same quarter last year.

CVS Health Corp (CVS), the general merchandise retailer stated net revenues in the third-quarter ending in September surged 10.3% from a year ago to $38.64 billion.

Net income in the quarter soared 31.8% to $1.25 billion or $1.11 per diluted share compared to $948 million or 81 cents per share from the same quarter last year.

For the year, the company lifted diluted earnings per share forecast between to a range $4.69 to $4.73 from the earlier estimated range between $4.64 and $4.71.

The company estimated earnings per share for the fiscal 2016 in the range to increase between 10% and 14% or $5.68 to $5.88.

Chevron Corporation (CVX), the petroleum product refiner said total revenues in the third-quarter ending in September plunged 37.3% from a year ago to $34.32 billion.

Net income in the quarter tumbled 63.5% to $2.04 billion or $1.09 per diluted share compared to $5.59 billion or $2.95 per share from the same quarter last year.

Exxon Mobil Corporation (XOM), the oil and gas refiner reported total revenues in the third-quarter ending in September declined 37.2% from a year ago to $67.34 billion.

Net income in the quarter plunged 47.5% to $4.24 billion or $1.01 per diluted share compared to $8.07 billion or $1.89 per share from the same quarter last year.

Exelon Corporation (EXC), the utility services provider said revenues in the third-quarter ending in September jumped 7.1% from a year ago to $7.40 billion.

Net income in the quarter declined 36.7% to $629 million or 69 cents per diluted share compared to $993 million or $1.15 per share from the same quarter last year.

Mylan NV (MYL), the U.K.-focused pharmaceutical company stated total revenues in the third-quarter ending in September soared 29.8% from a year ago to $2.70 billion.

Net income in the quarter dropped 14.1% to $428.6 million or 83 cents per diluted share compared to $499.1 million or $1.26 per share from the same quarter last year.

Ford Motor Company (F), the auto maker plans to launch marketing promotion of """"Friends & Neighbors"""" from November 3 through January 4 and offer discounts of about $2,000.

The offer will also available for all new 2014, 2015 and 2016 Fords except for some high-end Mustang models.

LinkedIn Corporation (LNKD), the online professional network services provider stated revenues in the third-quarter ending in September advanced 37.2% from a year ago to $779.6 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