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DAILY EARNINGS

Facebook, Ford Net Jump; AT&T, Eli Lilly, GM Net Drop


Author: Mukesh Buch
ticker.com
Last Update: 8:04 AM ET July 24 2014

Smurf: 3M second-quarter net climbed 6% to $1.3 billion. AT&T second-quarter net declined 8% to $3.5 billion. Facebook second-quarter net surged 12% to $788 million. Ford second-quarter net climbed 7% to $1.3 billion. GM second-quarter net tumbled 83% to $0.2 billion.

10:45 AM New York 3M second-quarter net climbed 6% to $1.3 billion. AT&T second-quarter net declined 8% to $3.5 billion. Facebook second-quarter net surged 12% to $788 million. Ford second-quarter net climbed 7% to $1.3 billion. GM second-quarter net tumbled 83% to $0.2 billion.

Tollbooth Index edged up 0.02% or 1.96 to 9,563.60.

Earnings Review

3M Co (MMM), the industrial conglomerate said net sales in the second-quarter ending in June jumped 4.9% to $8.13 billion from a year ago period.

Net income in the quarter climbed 5.8% to $1.3 billion or $1.91 a diluted share compared to $1.2 billion or $1.71 from a year earlier.

AT&T Inc (T), the wireless communication provider reported revenue in the second-quarter ending in June increased 1.6% to $32.6 billion from a year ago.

Net income in the quarter declined 7.9% to $3.5 billion or 68 cents a diluted share compared to $3.8 billion or 71 cents from a year earlier.

Bristol-Myers Squibb Co (BMY), the biopharmaceutical company said revenue in the second-quarter ending in June dropped 4% to $3.89 billion from a year ago period.

Net income in the quarter plunged 37.9% to $333 million or 20 cents a diluted share compared to $536 million or 32 cents from a year earlier.

Caterpillar Inc (CAT), the construction and mining equipment maker stated revenue in the second-quarter ending in June dropped 3.2% to $14.15 billion from a year earlier.

Profit in the quarter jumped 4% to $999 million or $1.57 a diluted share compared to $960 million or $1.45 from a year earlier.

Eli Lilly and Co (LLY), the pharmaceutical products maker reported revenue in the second-quarter ending in June plunged 17% to $4.94 billion from a year ago.

Net income in the quarter tumbled 39% to $733.5 million or 68 cents a diluted share compared to $1.21 billion or $1.11 from a year earlier.

Ford Motor Company (F), the automobile company said revenue in the second-quarter ending in June fell 1.3% to $37.4 billion from a year ago.

Net income in the quarter climbed 6.5% to $1.31 billion or 32 cents a diluted share compared to $1.23 billion or 30 cents from a year earlier.

Facebook Inc (FB), the social media networking provider reported revenue in the third-quarter ending on June 28 soared 60.8% to $2.91 billion from a year ago period.

Net income in the quarter surged 12.3% to $788 million or 30 cents a diluted share compared to $331 million or 13 cents from a year earlier.

General Motors Company (GM), the automobile company reported revenue in the second-quarter ending in June rose 1.3% to $39.6 billion from a year ago.

Net income in the quarter tumbled 83.3% to $0.2 billion or 11 cents a diluted share compared to $1.2 billion or 75 cents from a year earlier.

Raytheon Company (RTN), the aerospace and defense products maker said net sales in the second-quarter ending in June declined 6.8% to $5.70 billion from a year ago period.

Net income in the quarter soared 12.9% to $551 million or $1.76 a diluted share compared to $488 million or $1.50 from a year earlier.
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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