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DAILY EARNINGS

Colgate, Dow Chemical, Facebook, MasterCard Profit Soar


Author: Mukesh Buch
ticker.com
Last Update: 3:22 AM ET July 28 2016

12:00 PM New York – ConocoPhillips second-quarter net loss widened to $1.1 billion. Colgate-Palmolive second-quarter net jumped 5% to $600 million. Dow Chemical second-quarter net surged 174% to $3.1 billion. Facebook second-quarter net soared 187% to $2.1 billion. MasterCard second-quarter net jumped 7% to $983 million.

Tollbooth Index gained 45.81 or 0.4% to 11,059.48.

Earnings Review

Baker Hughes Inc (BHI), the oilfield services provider said revenues in the second-quarter ending in June declined 10% from a year ago to $2.4 billion.

Net loss in the quarter narrowed to $911 million or $2.08 per diluted share compared to $981 million or $2.22 per share from the same quarter last year.

ConocoPhillips (COP), the oil and gas explorer stated revenues in the second-quarter ending in June plunged 35.6% from a year ago to $5.58 billion.

Net loss in the quarter widened to $1.07 billion or 86 cents per diluted share compared to $179 million or 15 cents per share from the same quarter last year.

Colgate-Palmolive Company (CL), the consumer products maker reported net sales in the second-quarter ending in June slumped 5.5% from a year ago to $3.85 billion.

Net income in the quarter jumped 4.5% to $600 million or 67 cents per diluted share compared to $574 million or 63 cents per share from the same quarter last year.

Dow Chemical Co (DOW), the diversified chemicals maker said sales in the second-quarter ending in June dropped 7% from a year ago to $11.95 billion.

Net income in the quarter surged 173.7% to $3.12 billion or $2.61 per diluted share compared to $1.14 billion or 97 cents per share from the same quarter last year.

Facebook Inc (FB), the social networking platform operator said revenues in the second-quarter ending in June jumped 59.4% from a year ago to $6.44 billion.

Net income in the quarter soared 186.7% to $2.05 billion or 71 cents per diluted share compared to $715 million or 25 cents per share from the same quarter last year.

MasterCard Inc (MA), the credit, debit and prepaid card provider reported revenues in the second-quarter ending in June advanced 13% from a year ago to $2.7 billion.

Net income in the quarter jumped 6.7% to $983 million or 89 cents per diluted share compared to $921 million or 81 cents per share from the same quarter last year.

MasterCard said processed transactions in the quarter surged 14% to 13.7 billion and gross dollar volume jumped 11% on a local currency basis to $1.2 trillion while cross-border volumes soared 10%.

In the quarter, worldwide purchase volume jumped 9% to $897 billion from a year ago period and as of June 30, company’s customers had issued 2.3 billion MasterCard and Maestro-branded cards.

NetSuite Inc (N), the cloud-based financials software provider said revenues in the in the second-quarter ending in June jumped 30% from a year ago to $230.8 million.

Net loss in the quarter widened to $37.7 million or 47 cents per diluted share compared to $32.3 million or 41 cents per share from the same quarter last year.

Thomson Reuters Corp (TRI), the news and professional information provider reported revenues in the second-quarter ending in June fell 1% from a year ago to $2.77 billion.

Net income in the quarter surged 24.5% to $350 million or 45 cents per diluted share compared to $281 million or 33 cents per share 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