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DAILY EARNINGS

Ecolab, Roper Net Soar; Loews Net Tumbles


Author: Mukesh Buch
ticker.com
Last Update: 12:28 PM ET April 28 2014

10:45 AM New York CNA Financial first-quarter net plunged 95% to $13 million. Ecolab first-quarter net surged 20% to $191 million. Franklin Resources second-quarter net fell 2% to $561 million. Loews first-quarter net tumbled 76% to $59 million. Roper first-quarter net climbed 18% to $147 million.

Earnings Review

CNA Financial Corp (CNA), the property and casualty insurance stated revenue in the first-quarter ending in March was flat at $2.46 billion.

Net income in the quarter plunged 95% to $13 million or 5 cents a diluted share compared to $250 million or 93 cents.

Ecolab Inc (ECL), the hospitality and foodservices provider said net sales in the first-quarter ending in March climbed 16% to $3.34 billion.

Net income in the quarter surged 20% to $191 million or 62 cents a diluted share compared to $159.6 million or 53 cents.

Ecolab lifted its full-year adjusted earnings per share between $4.10 and $4.20 and adjusted earnings per share in the second-quarter in the range of $1 to $1.04.

Franklin Resources, Inc (BEN), the investment company reported revenue in the second-quarter ending in March jumped 4% to $2.09 billion.

Net income in the quarter fell 2% to $561 million or 89 cents a diluted share compared to $572.8 million or 90 cents.

Loews Corporation (L), the property and casualty insurance company said revenue in the first-quarter ending in March increased 1.6% to $3.74 billion.

Net income in the quarter tumbled 75.6% to $59 million or 15 cents a diluted share compared to $242 million or 62 cents.

Roper Industries, Inc (ROP), the radio frequency products maker stated revenue in the first-quarter ending in March climbed 13% to $834 million.

Net income in the quarter climbed 17.8% to $147.2 million or $1.46 a diluted share compared to $124.9 million or $1.25.

For the year, Roper lifted its diluted earnings per share guidance between $6.22 and $6.36 from the range between $6.05 and $6.25. Second quarter diluted earnings per share is expected in the range of $1.46 to $1.51.
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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