S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
DAILY EARNINGS

Comcast, Netflix Net Surge; McDonald’s Net Drops


Author: Mukesh Buch
ticker.com
Last Update: 12:01 PM ET April 22 2014

10:45 AM New York – Bank of New York Mellon first-quarter net swung to a profit $661 million. Comcast first-quarter net surged 30% to $1.9 billion. Illinois Tool first-quarter net soared 34% to $473 million. Lockheed Martin first-quarter net climbed 23% to $933 million. McDonald’s first-quarter net declined 5% to $1.2 billion.

Earnings Review

The Bank of New York Mellon Corporation (BK), the financial services provider reported total revenue in the first-quarter ending in March was flat at $3.65 billion.

Net in the quarter swung to a profit $661 million or 57 cents a diluted share compared to a loss of $266 million or 23 cents.

Comcast Corporation (CMCSA), the cable services provider reported revenue in the first-quarter ending in March soared 13.7% to $17.41 billion.

Net income in the quarter surged 29.9% to $1.87 billion or 71 cents a diluted share compared to $1.44 billion or 54 cents.

Harley-Davidson Inc (HOG), the motorcycle maker revenue in the first-quarter ending in March climbed 11.3% to $1.57 billion.

Net income in the quarter jumped 18.6% to $265.9 million or $1.21 a diluted share compared to $224.1 million or 99 cents.

Illinois Tool Works Inc (ITW), the industrial products maker said revenue in the first-quarter ending in March increased 4% to $3.57 billion.

Net income in the quarter soared 33.6% to $473 million or $1.11 a diluted share compared to $354 million or 78 cents.

Lockheed Martin Corporation (LMT), the security and aerospace products maker stated net sales in the first-quarter ending in March fell 4% to $10.7 billion.

Net earnings in the quarter climbed 23% to $933 million or $2.87 a diluted share compared to $761 million or $2.33.

McDonald’s Corporation (MCD), the quick service restaurants operator reported total revenue in the first-quarter ending in March rose 1.4% to $6.7 billion.

McDonald’s said global comparable sales increase of 0.5% while comparable sales in the U.S. dropped 1.7%. Comparable sales in Europe region jumped 1.4%.

Net income in the quarter declined 5.1% to $1.20 billion or $1.21 a diluted share compared to $1.27 billion or $1.26 a year earlier.

Netflix, Inc (NFLX), the paid television network service provider reported revenue in the first-quarter ending in March jumped 24.5% to $1.27 billion.

Net income in the quarter surged to $53.1 million or 86 cents a diluted share compared to $2.7 million or 5 cents.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc