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DAILY EARNINGS

Comcast, Hess, MasterCard Net Surge


Author: Mukesh Buch
ticker.com
Last Update: 11:25 AM ET July 31 2013

10:45 AM New York – Aetna second quarter net soared 17.1% to $536 million. Coach second quarter net declined 12% to $221.3 million. Pfizer second quarter net surged more than four-fold to $14.09 billion. Sprint second quarter net loss widened to $1.60 billion. Western Union second quarter net plunged 27% to $198.6 million.

Earnings Review

The ADT Corporation (ADT), the electronic security provider reported revenue in the third quarter ending in June rose 2% to $833 million. Net income in the quarter climbed 11% to $113 million or 52 cents a diluted share compared to $102 million or 43 cents.

For the year, the company expects revenue increase in the range of 4.5% to 4.8%.

BP Plc (BP), the UK based oil and gas explorer reported revenue in the second quarter nearly flat at $94.71 billion from $94.98 billion. Net for the quarter swung to a profit $2.13 billion compared to loss of $1.47 billion and diluted earnings per share swung to $10.68 from a loss of $7.99.

Cummins Inc. (CMI), the diesel engine maker reported net sales in the second quarter ending in June increased 2% to $4.5 billion. Net income in the quarter plunged 11% to $414 million or $2.20 a diluted share compared to $465 million or $2.65.

Comcast Corporation (CMCSA), the communications products provider stated revenue in the second quarter ending in June jumped 7% to $16.3 billion. Net income in the quarter soared 28% to $1.73 billion or 65 cents a diluted share compared to $1.35 billion or 50 cents.

The company added operating income in the quarter jumped 11.6% to $3.44 billion.

Exelon Corporation (EXC), the energy provider said revenue in the second quarter ending in June jumped 8% to $4.07 billion. Net income in the quarter surged 71% to $490 million or 57 cents a diluted share compared to $286 million or 33 cents.

Exelon reaffirmed operating earnings per share for the year between $2.35 and $2.65.

Humana Inc. (HUM), the health care company said revenue in the second quarter ending in June advanced 6% to $10.3 billion. Net income in the quarter climbed 18% to $420 million or $2.62 a diluted share compared to $356 million or $2.16.

For the year, Humana expects consolidated revenue in the range of $40.75 billion to $41.25 billion and diluted earnings per share between $8.65 and $8.75.

Hess Corporation (HES), the energy company stated total revenue in the second quarter ending in June surged 24% to $4.11 billion. Net income in the quarter surged 161% to $1.43 billion or $4.16 a diluted share compared to $549 million or $1.61.

MasterCard Inc (MA), the electronic payments service provider reported net revenue in the second quarter ending in June climbed 15% to $2.1 billion. Net income in the quarter soared 19% to $848 million or $6.96 a diluted share compared to $700 million or $5.55.

The company added cross-border volumes climbed 17% and processed transactions jumped 11% to 9.5 billion. Worldwide purchase volume for the quarter increased 12% to $734 billion.

As of June, the company’s customers had issued 1.9 billion MasterCard and Maestro-branded cards.

The Southern Company (SO), the electric utility provider said total revenue in the second quarter grew 1.7% to $4.25 billion from $4.18 billion a year ago. Net income in the quarter declined 161% to $297 million or 34 cents a diluted share compared to $623 million or 71 cents.
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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