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

Dean Foods Profit Surges, Cobalt Intl Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 11:17 AM ET February 22 2016

12:00 PM New York Allergan fourth-quarter net loss narrowed to $701 million. Cobalt Intl fourth-quarter net loss widened to $487 million. Dean Foods fourth-quarter net surged to $19 million. Envision Healthcare fourth-quarter net plummeted 16% to $42 million. LTC Properties fourth-quarter net declined 11% to $18 million.

Tollbooth Index jumped 125.52 or 1.2% to 10,247.28.

Earnings Review

Allergan Plc (AGN), the Ireland-based pharmaceutical company reported net revenue in the fourth-quarter ending in December soared 73.5% from a year ago to $4.20 billion.

Net loss in the quarter narrowed to $700.5 million or $1.78 per diluted share compared to $732.9 million or $3.34 per share from the same quarter last year.

Cobalt International Energy, Inc (CIE), the exploration company said zero revenues in the fourth-quarter ending in December.

Net loss in the quarter widened to $486.9 million or $1.19 per diluted share compared to $216.6 million or 53 cents per share from the same quarter last year.

Dean Foods Co (DF), the food and beverage company said revenue in the fourth-quarter ending in December plunged 15.8% from a year ago to $2.02 billion.

Net income in the quarter surged to $18.5 million or 20 cents per diluted share compared to $5.3 million or 6 cents per share from the same quarter last year.

Dean Foods estimated diluted earnings per share in the first-quarter in the range of 32 cents to 42 cents.

Envision Healthcare Holdings Inc (EVHC), the outsourced medical services provider stated net revenue in the fourth-quarter ending in December advanced 28% from a year ago to $1.48 billion.

Net income in the quarter plummeted 16% to $41.9 million or 22 cents per diluted share compared to $49.9 million or 26 cents per share from the same quarter last year.

Education Realty Trust, Inc (EDR), the housing complex developer said total revenue in the fourth-quarter ending in December jumped 13.5% from a year ago to $75.5 million.

Net income in the quarter dropped 33.9% to $14.8 million or 27 cents per diluted share compared to $22.4 million or 47 cents per share from the same quarter last year.

LTC Properties Inc (LTC), the health care real estate developer reported total revenue in the fourth-quarter ending in December surged 21.4% from a year ago to $37.4 million.

Net income in the quarter declined 11% to $17.8 million or 48 cents per diluted share compared to $20 million or 57 cents per share from the same quarter last year.

PDC Energy Inc (PDCE), the oil and gas explorer stated total revenue in the fourth-quarter ending in December tumbled 58.6% from a year ago to $168.6 million.

Net income in the quarter plunged to $3 million or 7 cents per diluted share compared to $131.8 million or $3.64 per share from the 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