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DAILY EARNINGS

Domino’s Net Jumps; du Pont, UPS Net Drop


Author: Mukesh Buch
ticker.com
Last Update: 11:18 AM ET July 23 2013

10:45 AM New York – du Pont second quarter net tumbled 12% to $1.03 billion. Illinois Tool second quarter net plunged 47% to $465 million. Lockheed Martin second quarter net jumped 10% to $859 million. United Technologies second quarter net climbed 6% to $1.56 billion. United Parcel second quarter net slid 4% to $1.07 billion.

Earnings Review

E. I. du Pont de Nemours and Company, (DD), the conglomerates net sales in the second quarter ending in June fell 1% $9.8 billion. Net income in the quarter tumbled 12% to $1.03 billion or $1.11 a diluted share compared to $1.17 billion or $1.23.

Domino’s Pizza, Inc (DPZ), the pizza delivery company stated total revenues in the second quarter ending on June 16 jumped 10% to $414 million. Domestic company owned stores increased 5.7%.

Net income in the quarter climbed 19% to $33.3 million or 57 cents a diluted share compared to $28.1 million or 47 cents.

The company added operating margin in the quarter advanced 10% to $126 million.

Illinois Tool Works Inc. (ITW), the industrial products maker said operating revenues in the second quarter ending in June rose 7% to $4.2 billion. Net income in the quarter plunged 47% to $465 million or $1.03 a diluted share compared to $881 million or $1.09.

In the quarter, operating income declined 7% to $702 million.

Lockheed Martin Corporation (LMT), the aerospace and defense products maker reported net sales in the second quarter dropped 4% to $11.4 billion. Net earnings in the quarter jumped 10% to $859 million or $2.64 a diluted share compared to $781 million or $2.38.

The company reaffirmed net sales guidance for the year and expects in the range of $44.5 billion to $46 billion but lifted its diluted earnings per share outlook between $9.20 and $9.50 from earlier forecast of $8.80 - $9.10.

The Travelers Companies, Inc (TRV), the insurance company said total revenues in the second quarter climbed 5% to $6.67 billion. Net income in the quarter surged 85% to $925 million or $2.41 a diluted share compared to $499 million or $1.26.

Valero Energy Corporation (VLO), the petroleum refiner reported revenues in the second quarter slipped 4% to $34.03 billion compared to $34.66 billion. Net income in the quarter plunged 10% to $466 million or 85 cents a diluted share compared to $831 million or $1.50.

United Technologies Corporation (UTX), the aerospace technology said net sales in the second quarter climbed 16% to $16 billion. Net income in the quarter rose 6% to $1.56 billion or $1.70 a diluted share compared to $1.33 billion or $1.62.

The company expects to invest $450 million in restructuring for 2013.

United Technologies lifted its earnings guidance and now expect in the range of $6 to $6.15 per share, an increase of 12% to 15% from earlier guidance of $5.85 to $6.15 per share.

United Parcel Service, Inc (UPS), the package delivery reported total revenues in the second quarter grew 1.2% to $13.51 billion compared to $34.66 billion. Net income in the quarter declined 4% to $1.07 billion or $1.13 a diluted share compared to $1.12 billion or $1.15.

As previously reported, the company expects full year adjusted diluted earnings per share to be in a range of $4.65 to $4.85.
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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