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DAILY EARNINGS

Ford, Merck Net Jump; Comcast, Du Pont, Pfizer Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 3:50 AM ET October 27 2015

12:30 AM New York Bristol-Myers third-quarter net fell 2% to $706 million. Comcast third-quarter net plunged 23% to $2 billion. Ford third-quarter net more than double to $1.9 billion. Merck third-quarter net doubled to $1.8 billion. Pfizer third-quarter net plunged 20% to $2.1 billion.

Tollbooth Index slipped 115.33 or 1.1% to 10,832.46.

Earnings Review

Alibaba Group Holding Ltd (BABA), the China-focused online and mobile market place said revenue in the second-quarter ending in September soared 32% from a year ago to $3.49 billion.

Net income in the quarter jumped 649% to $3.58 billion and diluted earnings per share increased to $1.40 compared to the same period a year ago.

The company said mobile revenues in the quarter surged 183% to $1.66 billion.

Bristol-Myers Squibb Co (BMY), the biopharmaceutical products maker reported total revenues in the third-quarter ending in September increased 4% from a year ago to $4.07 billion.

Net income in the quarter fell 2.1% to $706 million or 42 cents per diluted share compared to $721 million or 43 cents from the same quarter last year.

Comcast Corporation (CMCSA), the cable network operator reported revenues in the third-quarter ending in September jumped 11.2% from a year ago to $18.67 billion.

Net income in the quarter plunged 23.2% to $1.99 billion or 80 cents per diluted share compared to $2.59 billion or 99 cents from the same quarter last year.

The company said broadband revenue in the quarter soared 10.2% to $3.1 billion while voice revenue fell 1.4% to $900 million. Business-services revenue surged 19.5% to $1.2 billion and video revenue increased 3.3% to $5.3 billion.

In the quarter, the company said media segment revenue jumped 21% to $7.2 billion.

Cummins Inc (CMI), the diesel and gas engines maker said revenues in the third-quarter ending in September dropped 6% from a year ago to $4.6 billion.

Net income in the quarter declined 10.2% to $380 million or $2.14 per diluted share compared to $423 million or $2.32 from the same quarter last year.

E I Du Pont De Nemours And Co (DD), the industrial conglomerates reported revenues in the third-quarter ending in September plunged 20.7% from a year ago to $4.97 billion.

Net income in the quarter plummeted 45.7% to $235 million or 26 cents per diluted share compared to $433 million or 47 cents from the same quarter last year.

Ford Motor Company (F), the auto maker reported revenues in the third-quarter ending in September jumped 9.1% from a year ago to $35.8 billion.

Net income in the quarter more than double to $1.91 billion or 48 cents per diluted share compared to $835 million or 45 cents from the same quarter last year.

The North America region revenues surged 89% to $2.7 billion from a year ago and in Europe soared 17% but fell in South America, the Middle East and Asia.

Ford reaffirmed forecast to report full-year pre-tax profit between $8.5 billion and $9.5 billion.

Merck & Co., Inc (MRK), the health care company said revenues in the third-quarter ending in September declined 5% from a year ago to $10.07 billion.

Net income in the quarter doubled to $1.83 billion or 64 cents per diluted share compared to $895 million or 31 cents from the same quarter last year.

Merck lifted earnings per share forecast for the year between $3.55 and $3.60 from the earlier estimated range of $3.45 to $3.55 per share.

Pfizer Inc (PFE), the reported revenues in the third-quarter ending in September slipped 2% from a year ago to $12.09 billion.

Net income in the quarter plunged 20% to $2.13 billion or 34 cents per diluted share compared to $2.67 million or 42 cents 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