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DAILY EARNINGS

First Data Net Loss Narrows; Philips, Xerox Net Plunge


Author: Mukesh Buch
ticker.com
Last Update: 2:55 AM ET April 25 2016

12:00 PM New York First Data first-quarter net loss narrowed to $56 million. KKR first-quarter net swung to a loss of $330 million. Lab Corp. of America first-quarter net surged 25% to $160 million. Koninklijke Philips first-quarter net tumbled 63% to 37 million. Roper fell 3% to $151 million.

Tollbooth Index fell 46.62 or 0.4% to 10,687.73.

Earnings Review

First Data Corp (FDC), the electronic payment solutions provider said revenues in the first-quarter ending in March rose 3% from a year ago to $2.78 billion.

Net loss in the quarter narrowed to $56 million or 6 cents per diluted share compared to $112 million from the same quarter last year.

KKR & Co. L.P (KKR), the asset management company stated revenues in the first-quarter ending in March plunged 44.1% from a year ago to $162.8 million.

Net in the quarter swung to a loss of $329.9 million or 73 cents per diluted share compared to profit of $270.5 million or 57 cents per share from the same quarter a year ago.

Laboratory Corp. of America Holdings (LH), the healthcare diagnostics company reported total revenues in the first-quarter ending in March soared 32.4% from a year ago to $2.37 billion.

Net income in the quarter surged 24.9% to $160.2 million or $1.55 per diluted share compared to $3.1 million or 4 cents per share from the same quarter last year.

In the quarter, the company recorded restructuring charges and special items of $29.3 million compared to $138.7 million in the same period a year ago.

Koninklijke Philips N.V (PHG), the Netherlands-based technology company said sales in the first-quarter ending in March increased 3.4% from a year ago to 5.52 billion.

Net income in the quarter tumbled 63% to 37 million or 3 cents per diluted share compared to 100 million or 11 cents per share from the same quarter last year.

Roper Technologies Inc (ROP), the medical and industrial equipment maker reported net sales in the first-quarter ending in March advanced 4% from a year ago to $902.4 million.

Net income in the quarter fell 2.8% to $151.4 million or $1.48 per diluted share compared to $155.8 million or $1.54 per share from the same quarter last year.

In the second-quarter, the medical and industrial equipment maker estimated diluted earnings per share between $1.56 and $1.61.

Roper maintained its adjusted diluted earnings per share forecast in the full-year in the range of $6.85 to $7.15.

Xerox Corporation (XRX), the business process services provider stated revenues in the first-quarter ending in March declined 4% from a year ago to $4.3 billion.

Net income in the quarter plummeted 85% to $34 million or 3 cents per diluted share compared to $225 million or 19 cents per share 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