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DAILY EARNINGS

Ford Net Jumps; Du Pont, Ecolab, Merck, Pfizer Net Plunge


Author: Mukesh Buch
ticker.com
Last Update: 12:31 PM ET July 28 2015

12:30 AM New York Ford second-quarter net surged 44% to $1.9 billion. Du Pont second-quarter net declined 12% to $940 million. Merck second-quarter net plummeted 66% to $687 million. Pfizer second-quarter net plunged 10% to $2.6 billion. United Parcel Service second-quarter net soared 171% to $1.2 billion.

Tollbooth Index gained 69.21 or 0.7% to 10,733.14.

Earnings Review

Ford Motor Company (F), the auto maker reported revenues in the second-quarter ending in June slid 0.1% to $37.1 billion form a year ago period.

Net income in the quarter surged 44% to $1.9 billion or 47 per diluted share compared to $574 million or 15 cents from the same quarter last year.

E I Du Pont De Nemours And Co (DD), the industrial conglomerates said sales in the second-quarter ending in June plunged 11% to $8.59 billion from a year ago period.

Net income in the quarter declined 12.1% to $940 million or $1.03 per diluted share compared to $1.07 billion or $1.15 from the same quarter last year.

Ecolab Inc (ECL), the water, hygiene and energy technology services provider said net sales in the second-quarter ending in June dropped 5% to $3.39 billion from a year ago period.

Net income in the quarter fell 3% to $302 million or $1 per diluted share compared to $311.4 million or $1.02 from the same quarter last year.

Ecolab''s forecasted adjusted earnings per share for the full-year remains between $4.45 and $4.60 represented a 6% to 10% increase from the prior year.

Ingersoll-Rand Plc (IR), the Ireland-based diversified industrial products maker revenues in the second-quarter ending in June increased 2% to $3.60 billion from a year ago period.

Net income in the quarter tumbled 74.2% to $78.9 million or 29 cents per diluted share compared to $306 million or $1.12 from the same quarter last year.

Merck & Co., Inc (MRK), the health care company reported sales in the second-quarter ending in June declined 11% to $9.78 billion from a year ago period.

Net income in the quarter plummeted 65.6% to $687 million or 24 cents per diluted share compared to $2 billion or 68 cents from the same quarter last year.

Pfizer Inc (PFE), the biopharmaceutical company revenues in the second-quarter ending in June dropped 7% to $11.85 billion from a year ago period.

Net income in the quarter plunged 10% to $2.63 billion or 42 cents per diluted share compared to $2.91 billion or 45 cents from the same quarter last year.

Pfizer forecasted revenues for the year between $45 billion and $46 billion and diluted earnings per share in the range of $1.38 to $1.47.

United Parcel Service, Inc (UPS), the package delivery company said revenues in the second-quarter ending in June fell 1.2% to $14.10 billion from a year ago period.

Net income in the quarter soared 170.9% to $1.23 billion or $1.35 per diluted share compared to $454 million or 49 cents from the same quarter last year.

As of June 30, UPS generated $3.3 billion in free cash flow and repurchased 13.5 million shares for approximately $1.4 billion and paid dividends of $1.3 billion, an increase of 9% per share over the prior year.

The company''s guidance for the year diluted earnings per share in the range of $5.05 to $5.30, a 6% to 12% increase from a year ago period.
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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