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DAILY EARNINGS

Facebook, MasterCard Net Soar; Kellogg, Visa Net Plunge


Author: Mukesh Buch
ticker.com
Last Update: 7:04 AM ET October 30 2014

12:30 AM New York Avon third-quarter net swung to profit $91 million. Facebook third-quarter net jumped almost double to $802 million. Kellogg third-quarter net declined 31% to $224 million. MasterCard third-quarter net soared 15% to $1 billion. Visa fourth-quarter net plunged 10% to $1.07 billion.

Tollbooth Index gained 0.9% or 90.74 to 9,509.83.

Earnings Review

Avon Products, Inc (AVP), the fragrance, skincare and personal care maker said total revenue in the third-quarter ending in September declined 8% to $2.1 billion from a year ago period.

Net in the quarter swung to profit $91.4 million or 21 cents a diluted share compared to a loss of $5.5 million or 1 cent from a same quarter last year.

Catamaran Corp (CTRX), the healthcare service provider stated revenue in the third-quarter ending in September surged 53% to $5.5 billion from a year ago period.

Net income in the quarter jumped 12% to $82 million or 39 cents a diluted share compared to $72.9 million or 35 cents from a same quarter last year.

Facebook Inc (FB), the social media network service provider reported revenue in the third-quarter ending in September soared 58.4% to $3.20 billion from a year ago period.

Net income in the quarter jumped almost double to $802 million or 30 cents a diluted share compared to $422 million or 17 cents from a same quarter last year.

Harman International Industries Inc (HAR), the audio and electronic systems maker stated net sales in the first-quarter ending in September surged 22% to $1.4 billion from a year ago period.

Net income in the quarter soared 79% to $83 million or $1.18 a diluted share compared to $46 million or 66 cents from a same quarter last year.

Incyte Corporation (INCY), the biopharmaceutical company said total revenue in the third-quarter ending in September advanced 132.8% to $198.1 million from a year ago period.

Net in the quarter swung to profit $59.3 million or 33 cents a diluted share compared to a loss of $22 million or 14 cents from a same quarter last year.

Kellogg Company (K), the ready-to-eat cereal maker reported net sales in the third-quarter ending in September fell 2.1% to $3.64 billion from a year ago period.

Net earnings in the quarter declined 31% to $224 million or 62 cents a diluted share compared to $326 million or 90 cents from a same quarter last year.

MasterCard Inc (MA), the payments service provider reported total revenue in the third-quarter ending in September jumped 13% to $2.50 billion from a year ago period.

Net income in the quarter soared 15% to $1 billion or 87 cents a diluted share compared to $879 million or 73 cents from a same quarter last year.

Visa Inc (V), the electronic payments service provider reported total revenue in the fourth-quarter ending in September climbed 8.7% to $3.23 billion from a year ago period.

Net income in the quarter plunged 10% to $1.07 billion or $1.72 a diluted share compared to $1.19 billion or $1.85 from a same quarter last year.

The company announced a stock buyback program of $5 billion.
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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