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DAILY EARNINGS

Du Pont, IBM, Kimberly Clark, Lockheed Martin Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 1:05 PM ET April 21 2015

12:30 AM New York Du Pont first-quarter net plunged 29% to $1 billion. IBM first-quarter net dropped 2% to $2.3 billion. Kimberly Clark first-quarter net plummeted 13% to $468 million. Lockheed Martin first-quarter net declined 6% to $878 million. TD Ameritrade first-quarter net swung to profit $189 million.

Tollbooth Index rose 0.1% or 14.34 to 10,636.38.

Earnings Review

E I Du Pont De Nemours And Co (DD), the industrial conglomerate reported net sales in the first-quarter ending in March declined 7.7% to $9.37 billion from a year ago period.

Net income in the quarter plunged 28.5% to $1.03 billion or $1.13 per diluted share compared to $1.44 million or $1.54 from the same quarter last year.

Harley-Davidson, Inc (HOG), the motorcycle maker reported revenues in the first-quarter ending on March 29 decreased 3.8% from a year ago quarter to $1.51 billion.

Net income in the quarter slid 1.5% to $269.9 million or $1.27 per diluted share compared to $265.9 million or $1.21 from the same quarter last year.

International Business Machines Corp (IBM), the computer system maker and services provider reported total revenues in the first-quarter ending in March plunged 11.9% to $19.59 billion from a year ago period.

Net income in the quarter dropped 2.4% to $2.33 billion or $2.35 per diluted share compared to $2.38 billion or $2.29 from the same quarter last year.

Kimberly Clark Corp (KMB), the sanitary products maker said net sales in the first-quarter ending in March slipped 4% to $4.69 billion form a year ago period.

Net income in the quarter plummeted 13% to $468 million or $1.27 per diluted share compared to $538 million or $1.41 from the same quarter last year.

Lockheed Martin Corporation (LMT), the security and aerospace company said net sales in the first-quarter ending in March dropped 5.1% to $10.11 billion from a year ago period.

Net income in the quarter declined 5.9% to $878 million or $2.74 per diluted share compared to $933 million or $2.87 from the same quarter last year.

Regions Financial Corporation (RF), the financial services provider said revenues in the first-quarter ending in March rose 1.6% from a year ago quarter to $1.29 billion

Net income in the quarter declined 25.7% to $234 million or 16 cents per diluted share compared to $315 million or 22 cents from the same quarter last year.

TD Ameritrade Holding Corporation (AMTD), the discount broker reported revenues in the second-quarter ending in March fell 1% from a year ago quarter to $803 million

Net in the quarter swung to profit $189 million or 35 cents per diluted share compared to a loss of $5 million or break even per share from the same quarter last year.

Under Armour Inc (UA), the apparel, footwear and accessories maker stated net revenues in the first-quarter ending in March soared 25% to $805 million from a year ago period.

Net income in the quarter fell 1.7% to $11.7 million or 5 cents per diluted share compared to $13.5 million or 6 cents 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