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DAILY EARNINGS

Eaton, Hess Net Jump; Hershey Net Declines


Author: Mukesh Buch
ticker.com
Last Update: 12:57 PM ET October 29 2014

12:30 AM New York Eaton third-quarter net soared 18% to $602 million. Hess third-quarter net surged 140% to $1 billion. Hershey third-quarter net dropped 4% to $224 million. Hyatt third-quarter net tumbled 42% to $32 million. McGraw Hill Financial quarterly net declined 11% to $190 million.

Tollbooth Index fell 0.2% or 17.74 to 9,410.60.

Earnings Review

The Carlyle Group LP (CG), the investment management company said revenue in the third-quarter ending in September plunged 15% to $755 million from a year ago period.

Net income in the quarter surged to $25.4 million or 35 cents a diluted share compared to $2.3 million or 4 cents from a same quarter last year.

Eaton Corp Plc (ETN), the power supply company reported net sales in the third-quarter ending in September rose 2.1% to $5.73 billion from a year ago period.

Net income in the quarter soared 18% to $602 million or $1.27 a diluted share compared to $510 million or $1.08 from a same quarter last year.

Hess Corp (HES), the energy company said total revenue in the third-quarter ending in September jumped 3.3% to $2.80 billion from a year ago period.

Net income in the quarter surged 140% to $1.01 billion or $3.31 a diluted share compared to $420 million or $1.23 from a same quarter last year.

Hershey Co (HSY), the chocolate maker reported net sales in the third-quarter ending in September increased 6% to $1.96 billion from a year ago period.

Net income in the quarter dropped 3.9% to $223.7 million or $1 a diluted share compared to $233 million or $1.03 from a same quarter last year.

Hyatt Hotels Corporation (H), the hotel operator stated total revenue in the third-quarter ending in September climbed 6.8% to $1.10 billion from a year ago period.

Net income in the quarter tumbled 41.8% to $32 million or 21 cents a diluted share compared to $55 million or 35 cents from a same quarter last year.

McGraw Hill Financial Inc (MHFI), the professional information services provider reported revenue in the third-quarter ending in September soared 10% to $1.26 billion from a year ago period.

Net income in the quarter declined 11% to $190 million or 69 cents a diluted share compared to $215 million or 77 cents from a 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