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

Cummins, Roper, RPM, Tenneco Intl Net Jump


Author: Mukesh Buch
ticker.com
Last Update: 3:24 AM ET July 28 2014

10:45 AM New York Cummins second-quarter net jumped 8% to $446 million. Roper second-quarter net soared 41% to $157 million. RPM Intl fourth-quarter net surged 66% to $109 million. Tyson Foods third-quarter net increased 4% to $260 million. Tenneco second-quarter net climbed 29% to $81 million.

Tollbooth Index fell 0.2% or 15.93 to 9,474.88.

Earnings Review

Cummins Inc (CMI), the diesel engine maker reported revenue in the second-quarter ending in June climbed 7% to $4.8 billion from a year ago.

Net income in the quarter jumped 7.7% to $446 million or $2.43 a diluted share compared to $414 million or $2.20 from a same quarter last year.

Roper Industries, Inc (ROP), the industrial technology products maker reported net sales in the second-quarter ending in June climbed 12.9% to $885.2 million from a year ago.

Net income in the quarter soared 41.3% to $157.4 million or $1.56 a diluted share compared to $111.4 million or $1.11 from a same quarter last year.

Roper lifted its full year diluted earnings per share guidance between $6.22 and $6.36 to in the range of $6.27 to $6.37.

The company forecasted diluted earnings per share for the third quarter between $1.49 and $1.53.

RPM International Inc (RPM), the paint and coatings maker said net sales in the fourth-quarter ending in May soared 9.1% to $1.28 billion from a year ago period.

Net income in the quarter surged 66.3% to $108.8 million or 80 cents a diluted share compared to $65.4 million or 49 cents from a same quarter last year.

Tyson Foods, Inc (TSN), the food production company stated sales in the third-quarter ending on June 29 jumped 10.9% to $9.68 billion from a year ago period.

Net income in the quarter increased 4.4% to $260 million or 73 cents a diluted share compared to $249 million or 68 cents from a same quarter last year.

Separately, today the company singed an agreement with JBS SA to sell its poultry businesses in Mexico and Brazil in a transaction valued at $575 million in cash.

Tenneco Inc (TEN) slipped 1.8% or $1.23 to $66.79 after the ride controlling parts maker said revenue in the second-quarter ending in June soared 8% to $2.24 billion from a year ago.

Net income in the quarter climbed 28.6% to $81 million or $1.32 a diluted share compared to $63 million or $1.02 from a same quarter last year.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc