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DAILY EARNINGS

Elbit Systems Net Declines, Kite Pharma Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 11:59 AM ET May 18 2015

12:30 AM New York Elbit Systems first-quarter net declined 8% to $45 million. Kite Pharma first-quarter net loss widened to $15 million. W.P. Carey first-quarter net tumbled 69% to $36 million.

Tollbooth Index slipped 0.3% or 28.83 to 10,749.50.

Earnings Review

Elbit Systems Ltd (ESLT), the Israel-based defense electronics products provider reported revenues in the first-quarter ending in March jumped 3.5% to $706.6 million from a year ago period.

Net income in the quarter declined 7.5% to $44.6 million or $1.04 per diluted share compared to $48.2 million or $1.13 from the same quarter last year.

Kite Pharma Inc (KITE), the clinical-stage biopharmaceutical company said revenues in the first-quarter ending in March were $2.9 million from a year ago period.

Net loss in the quarter widened to $15.1 million or 36 cents per diluted share compared to $3.7 million or 66 cents from the same quarter last year.

W.P. Carey Inc (WPC), the real estate developer said total revenues in the first-quarter ending in March slipped 1.6% to $204.8 million from a year ago period.

Net income in the quarter tumbled 68.7% to $36.1 million or 34 cents per diluted share compared to $115.5 million or $1.27 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