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DAILY EARNINGS

ConocoPhillips Net Loss Widens; AstraZeneca, McGraw Net Swung to Profit


Author: Mukesh Buch
ticker.com
Last Update: 11:35 AM ET February 04 2016

12:00 PM New York AstraZeneca fourth-quarter net swung to profit $808 million. ConocoPhillips fourth-quarter net loss widened to $3.5 billion. CIGNA fourth-quarter net dropped 9% to $426 million. McGraw Hill fourth-quarter net swung to profit $248 million. Ralph Lauren third-quarter net tumbled 39% to $131 million.

Tollbooth Index fell 32.97 or 0.3% to 10,117.84.

Earnings Review

AstraZeneca Plc (AZN), the U.K.-focused biopharmaceutical company reported revenues in the fourth-quarter ending in December declined 4.8% from a year ago to $6.40 billion.

Net in the quarter swung to profit $808 million or 63 cents per diluted share compared to a loss of $321 million or 25 cents per share from the same quarter last year.

ConocoPhillips (COP), the oil and gas explorer reported revenues in the fourth-quarter ending in December plunged 43.9% from a year ago to $6.29 billion.

Net loss in the quarter widened to $3.45 billion or $3.58 per diluted share compared to $39 million or 3 cents per share from the same quarter last year.

The company lowered estimated capital expenditures from $7.7 billion to $6.4 billion and guidance for fiscal 2016 operating costs reduced from $7.7 billion to $7 billion while production in 2016 is expected to be approximately flat with 2015 volumes.

Cigna Corporation (CI), the medical and insurance services provider stated revenues in the fourth-quarter ending in December soared 6.7% from a year ago to $9.53 billion.

Net income in the quarter dropped 8.8% to $426 million or $1.64 per diluted share compared to $467 million or $1.77 per share from the same quarter last year.

Intercontinental Exchange Inc (ICE), the trading platform and clearing house said revenues in the fourth-quarter ending in December jumped 9.4% from a year ago to $875 million.

Net income in the quarter surged 28.5% to $370 million or $3.29 per diluted share compared to $288 million or $2.54 per share from the same quarter last year.

McGraw Hill Financial Inc (MHFI), the ratings and analytical data services provider stated revenues in the fourth-quarter ending in December advanced 7% from a year ago to $1.37 billion.

Net in the quarter swung to profit $248 million or 91 cents per diluted share compared to a loss of $846 million or $3.11 per share from the same quarter last year.

Philip Morris International Inc (PM), the tobacco products maker reported revenues in the fourth-quarter ending in December plunged 7.3% from a year ago to $18.4 billion.

Net income in the quarter plummeted 22.5% to $1.25 billion or 80 cents per diluted share compared to $1.61 billion or $1.03 per share from the same quarter last year.

Ralph Lauren Corporation (RL), the apparel, accessories, home furnishings distributor said revenues in the third-quarter ending in December fell 1% from a year ago to $1.90 billion.

Net income in the quarter tumbled 39.1% to $131 million or $1.54 per diluted share compared to $215 million or $2.41 per share from the same quarter last year.

Xylem Inc (XYL), the pumping equipment maker stated revenues in the fourth-quarter ending in December decreased 4.4% from a year ago to $994 million.

Net income in the quarter soared 18.8% to $114 million or 63 cents per diluted share compared to $96 million or 52 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