10:45 AM New York – Automatic Data Processing third quarter net rose 6.7% to $452.4 million. Biogen first quarter net fell 3% to $302.6 million. Becton, Dickinson second quarter net slumped 6.7% to $291 million. Domino’s Pizza first quarter net plunged 24% to $20.7 million. Marsh & McLennan first quarter net rose 7% to $347 million.
Earnings Review
Archer-Daniels-Midland-Company (
ADM), the food processing company reported third quarter net sales increased 5.4% to $21.16 billion from $20.08 billion in the same quarter last year. Net earnings in the quarter declined 31% to $399 million or 60 cents per diluted share compared to $578 million or 86 cents per share in the year ago earlier.
Avon Products, Inc. (
AVP), the beauty products maker reported first quarter total revenue fell 2% to $2.57 billion from $2.63 billion in the same quarter last year. Net income in the quarter tumbled 82% to $26.5 million or 6 cents per diluted share compared to $143.6 million or 33 cents per share in the year ago period.
Automatic Data Processing, Inc. (
ADP), the payroll processor reported third quarter revenues rose 6.6% to $2.92 billion from $2.74 billion in the prior year quarter. Net earnings in the quarter rose 6.7% to $452.4 million compared to net earnings of $423.8 million in the same quarter last year.
Earnings per share were 92 cents from 85 cents a year ago on fewer shares outstanding.
Biogen Idec Inc. (
BIIB), the biotechnology company reported first quarter revenue increased 7% to $1.3 billion from $1.2 billion in the same quarter last year. Net earnings in the quarter fell 3% to $302.6 million or $1.25 per diluted share compared to $294.3 million or $1.20 per share in the year ago.
Becton, Dickinson and Company (
BDX), the medical devices maker reported second quarter revenue rose 3.6% to $1.99 billion from $1.92 billion in the same quarter last year. Net earnings in the quarter slumped 6.7% to $291 million or $1.39 per diluted share compared to $312 million or $1.38 per share in the year ago earlier.
Cummins Inc. (
CMI), the diesel engine manufacturer said first quarter net sales grew 16% to $4.47 billion from $3.86 billion in the prior-year quarter. Net profit in the quarter surged 33% to $455 million or $2.38 per diluted share compared to net profit of $343 million or $1.75 per share a year ago.
ConocoPhillips (
COP), the energy company said it has completed the spin-off of the downstream businesses to its stockholders and will receive one share of Phillips 66 common stock for every two shares of ConocoPhillips common stock.
Domino’s Pizza, Inc. (
DPZ), the pizza restaurant reported first quarter total revenues edged down 1.2% to $384.6 million from $389.2 million in the same quarter last year. Same store sales rose 4.7%. Net income in the quarter plunged 24% to $20.7 million or 35 cents per diluted share compared to $27.1 million or 43 cents per share in the year ago quarter.
Icahn Enterprises, L.P. (
IEP), the diversified holding company reported first quarter revenue fell 13% to $2.68 billion from $3.08 billion a year ago. Net income in the quarter slumped 80% to $49 million or 49 cents per diluted LP unit compared to net income of $240 million or $2.65 per diluted LP unit for the year-ago quarter
Legg Mason, Inc. (
LM), the investment company reported fourth quarter total revenue decreased 9% to $648.6 million from $713.4 million in the same quarter last year. Net income in the quarter increased 10% to $76.1 million or 54 cents per diluted share compared to $69.0 million or 45 cents per share in the year ago quarter.
For the 2012 revenue slipped 4% to $2.66 billion from $2.78 billion in the last year. Net income in the year slumped 13% to $220.8 million or $1.54 per diluted share compared to $253.9 million or $1.63 per share in the year ago.
Marsh & McLennan Companies, Inc. (
MMC), the insurance broker reported first quarter revenue grew 6% to $3.05 billion from $2.88 billion in the same quarter last year. Net income in the quarter rose 7% to $347 million or 63 cents per diluted share compared to $325 million or 58 cents per share in the year ago.
Office Depot, Inc. (
ODP), the office products supplier reported first quarter sales fell 3% to $2.87 billion from $2.97 million in the same quarter last year. Net earnings in the quarter swung to $49.5 million or 14 cents per diluted share compared to net loss of $5.4 million or 5 cents per share in the year ago quarter.
Pfizer Inc. (
PFE), the biopharmaceutical company reported first quarter revenues fell 7% to $15.4 billion from $16.50 billion in the year-ago quarter. Net income in the quarter dropped 19% to $1.79 billion or 24 cents per diluted share compared to net income of $2.22 billion or 28 cents per share last year.
Sirius XM Radio Inc. (
SIRI), the broadcasting company reported first quarter revenues increased 11% to $805 million from $724 million in the same quarter last year. Same store sales rose 4.7%. Net income in the quarter soared 38% to $108 million or 2 cents per diluted share compared to $78 million or 1 cent per share in the year ago period.
Thomson Reuters Corporation (
TRI), the provider of information said first quarter revenues edged higher 1% to $3.35 billion from $3.33 billion in the prior-year quarter. Net earnings in the quarter climbed 25.6% to $314 million or 38 cents per diluted share compared to net earnings of $250 million or 30 cents per share a year before.