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DAILY EARNINGS

Comcast, Exelon, GM Net Rise; Merck Profit Decline


Author: Mukesh Buch
ticker.com
Last Update: 2:22 AM ET February 03 2016

12:00 PM New York Becton Dickinson fourth-quarter net fell 3% to $229 million. Comcast fourth-quarter net rose 3% to $1.9 billion. Exelon fourth-quarter net surged to $309 million. GM fourth-quarter net surged to $6.3 billion. Merck fourth-quarter net tumbled 86.7% to $976 million.

Tollbooth Index slipped 62.83 or 0.6% to 10,172.98.

Earnings Review

Becton Dickinson and Co (BDX), the medical devices maker said revenues in the first-quarter ending in December soared 45.9% from a year ago to $2.99 billion.

Net income in the quarter fell 2.9% to $229 million or $1.06 per diluted share compared to $236 million or $1.20 per share from the same quarter last year.

Comcast Corporation (CMCSA), the internet and broadcasting company reported revenues in the fourth-quarter ending in December jumped 8.5% from a year ago to $19.25 billion.

Net income in the quarter rose 2.6% to $1.97 billion or 79 cents per diluted share compared to $1.93 billion or 74 cents per share from the same quarter last year.

Exelon Corporation (EXC), the utility services provider said revenues in the fourth-quarter ending in December declined 7.6% from a year ago to $6.70 billion.

Net income in the quarter surged to $309 million or 33 cents per diluted share compared to $18 million or 2 cents per share from the same quarter last year.

General Motors Company (GM), the automaker reported revenues in the fourth-quarter ending in December were flat from a year ago to $39.6 billion.

Net income in the quarter surged to $6.3 billion or $3.92 per diluted share compared to $1.1 billion or 66 cents per share from the same quarter last year.

International Paper Co (IP), the paper and packaging company stated revenues in the fourth-quarter ending in December slumped 8.4% from a year ago to $5.44 billion.

Net income in the quarter soared 32.8% to $178 million or 43 cents per diluted share compared to $134 million or 32 cents per share from the same quarter last year.

Merck & Co., Inc (MRK), the health care company reported revenues in the fourth-quarter ending in December fell 3% from a year ago to $10.22 billion.

Net income in the quarter tumbled 86.7% to $976 million or 35 cents per diluted share compared to $7.32 billion or $2.54 per share from the same quarter last year.

Marathon Petroleum Corp (MPC), the petroleum refiner said revenues in the fourth-quarter ending in December plummeted 29.6% from a year ago to $15.61 billion.

Net income in the quarter declined 76.6% to $187 million or 35 cents per diluted share compared to $798 million or $1.43 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