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DAILY EARNINGS

Comcast, Chipotle Net Jump; Coca-Cola, Verizon Net Fall


Author: Mukesh Buch
ticker.com
Last Update: 7:05 AM ET July 22 2014

10:45 AM New York Comcast second-quarter net soared 16% to $2 billion. E I Du Pont second-quarter net jumped 4% to $1.1 billion. Coca-Cola second-quarter net fell 3% to $2.60 billion. McDonald''s second-quarter net slid 1% to $1.4 billion. Verizon second-quarter net plunged 17% to $4.3 billion.

Tollbooth Index slipped 0.6% or 58.01 to 9,443.17.

Earnings Review

Comcast Corporation (CMCSA), the broadcasting and cable services provider reported revenue in the second-quarter ending in June jumped 3.5% to $16.84 billion from a year ago.

Net income in the quarter soared 15.9% to $2 billion or 76 cents a diluted share compared to $1.73 billion or 65 cents from a year earlier.

Chipotle Mexican Grill, Inc (CMG), the quick service restaurants operator said revenue in the second-quarter ending in June soared 28.6% to $1.05 billion from a year ago period. Comparable restaurant sales in the quarter climbed 17.3%.

Net income in the quarter jumped 25.5% to $110.3 million or $3.50 a diluted share compared to $87.8 million or $2.82 from a year earlier.

E I Du Pont De Nemours And Co (DD), the industrial conglomerates reported total sales in the second-quarter ending in June increased 1.1% to $10.1 billion a year ago.

Net income in the quarter gained 3.9% to $1.07 billion or $1.15 a diluted share compared to $1.03 billion or $1.11 from a year earlier.

The Coca-Cola Company (KO), the beverage maker reported net revenue in the second-quarter ending in June slid 1% to $12.57 billion a year earlier.

Net income in the quarter fell 3% to $2.60 billion or 58 cents a diluted share compared to $2.68 billion or 59 cents from a year earlier.

Kimberly Clark Corp (KMB), the sanitary products maker net sales in the second-quarter ending in June rose 1.4% to $5.34 billion a year ago period.

Net income in the quarter slipped 3.2% to $509 million or $1.35 a diluted share compared to $526 million or $1.36 from a year earlier.

Lockheed Martin Corporation (LMT), the security and aerospace company said net sales in the second-quarter ending on June 29 slid 0.9% to $11.31 billion a year ago period.

Net earnings in the quarter jumped 3.5% to $889 million or $2.76 a diluted share compared to $859 million or $2.64 from a year earlier.

McDonald''s Corporation (MCD), the quick service restaurants operator reported revenue in the second-quarter ending in June grew 1% to $7.18 billion in the same quarter a year ago.

U.S. comparable sales in the quarter fell 1.5% and from Europe comparable sales fell 1% while global comparable sales were relatively flat. Asia/Pacific, Middle East and Africa comparable sales increased 1.1%.

Net income in the quarter dropped 1% to $1.39 billion or $1.40 a diluted share compared to $1.40 billion or $1.38 from a year earlier.

Netflix, Inc (NFLX), the television network service provider stated revenue in the second-quarter ending in June surged 25.2% to $1.34 billion a year ago.

Net income in the quarter climbed 141% to $71.02 million or $1.15 a diluted share compared to $29.47 million or 86 cents from a year earlier.

United Technologies Corporation (UTX), the aerospace and defense products maker said sales in the second-quarter ending in June climbed 7% to $17.2 billion a year ago.

Net earnings in the quarter soared 7.7% to $1.68 billion or $1.84 a diluted share compared to $1.56 billion or $1.70 from a year earlier.

Verizon Communications Inc (VZ), the wireless network services provider reported revenue in the second-quarter ending in June jumped 5.7% to $31.48 billion a year ago period.

Net income in the quarter plunged 16.8% to $4.32 billion or $1.01 a diluted share compared to $5.20 billion or 78 cents from a year earlier.
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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