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DAILY EARNINGS

Ford Sales Rise for Six Consecutive Quarters


Author: 123jump.com Staff
ticker.com
Last Update: 2:16 PM ET October 26 2010

10:30 AM New York - Amgen, Inc. third quarter revenue rose 0.3% to $3.82 billion. Cummins Inc. third quarter net revenue increased 34% to $3.40 billion. Ford Motor Company third quarter revenues fell 1.3% to $29.9 billion and net income surged 70% to $1.69 billion.

Amgen, Inc. (AMGN), the biotechnology company said third quarter revenue edged higher 0.3% to $3.82 billion, compared to $3.81 billion in the same quarter last year. Net income in the quarter declined 11% to $1.24 billion or $1.28 per diluted share, compared to $1.39 billion or $1.36 per share in the prior-year quarter. Earnings declined on higher R&D costs and flat sales.

Bristol-Myers Squibb Company (BMY), the pharmaceutical company said third quarter net revenue increased to $4,798 million from $4,788 million a year ago period. Net income in the quarter was $949 million or 55 cent per diluted share compared to $966 million or 45 cent per share same quarter a year ago period.

Capella Education Company (CPLA), the online postsecondary education services said third quarter revenue increased 25.7% to $105.0 million from $83.6 million in the same quarter last year. Net income in the quarter was $13.5 million or 80 cent per diluted share, compared to $9.8 million or 57 cent per share for the year-ago quarter.

Cummins Inc. (CMI), the engine-related component maker said third quarter net revenue increased 34% to $3.40 billion from $2.53 billion for the same quarter a year ago period. Net income in the quarter tripled to $283 million or $1.44 per diluted share compared to $95 million or $0.48 per share same quarter a year ago period.

Edwards Lifesciences Corp. (EW), the medical devices and equipment maker reported third quarter sales rose 7.1% to $348.9 million, from $325.7 million last year. Net income in the quarter declined 35% to $48.0 million or 40 cents per diluted share, compared to $73.5 million or 63 cents per share in the previous year.

E. I. du Pont de Nemours & Company (DD), the chemical maker reported third quarter total sales grew 17% to $7 billion from $5.96 billion in the same period last year. Net earnings in the quarter declined 10% to $367 million or 40 cents per diluted share, compared to $409 million or 45 cents per share last year, reflecting higher expenses and lower pharmaceuticals income.

Ford Motor Company (F) third quarter revenues fell 1.3% to $29.9 billion from $30.3 billion in the comparable period last year. Net income in the quarter surged 70% to $1.69 billion or 43 cents per diluted share, compared to $997 million or 29 cents per share last year.

Harris Corporation (HRS), the communications and information technology company stated first quarter revenue grew 17% to $1.40 billion from $1.20 billion in the prior-year quarter. Net income in the quarter soared 57% to $163.9 million or $1.27 per diluted share, compared to $104.5 million or 79 cents per share in the year-ago quarter. Revenues from the RF Communications segment surged 34% on strong demand for its Tactical Radio Communications offerings.

Kimberly-Clark Corporation (KMB), the health and hygiene company reported third quarter net sales increased 1.3% to $5.0 billion from $4.9 billion for the same quarter a year ago period. Net income in the quarter plunged 19.4% to $469 million or $1.14 per diluted share compared to $582 million or $1.40 per share same quarter a year ago period.

Plum Creek Timber Co. Inc. (PCL), the timberland owner reported third quarter revenues fell 12% to $259 million versus $294 million last year. Net income in the quarter soared 68% to $32 million or 20 cents per diluted, compared to $19 million or 12 cents per share last year.

ProLogis (PLD), the real estate investment trust stated third quarter revenues grew slightly 0.3% to $270.1 million from $269.3 million a year earlier. Net loss in the quarter widened 28% to $15.1 million or 3 cents per diluted share, compared to a net loss of $11.8 million or 3 cents per share in the year-ago quarter.

Royal Caribbean Cruises Ltd. (RCL), the cruise company reported third quarter total revenue of $2.1 billion from $1.8 billion for the same quarter a year ago period. Net income in the quarter rose 55% to $356.8 million or $1.64 per diluted share compared to $230.4 million or $1.07 per share in the same quarter a year ago.

Regions Financial Corporation (RF), the financial holding company reported third quarter net interest income increased to $8.7 billion from $8.5 billion for the same quarter a year ago period. Net loss in the quarter of $209 million or 17 cent per diluted share compared to net loss of $437 million or 37 cent per share a year ago period.

The Sherwin-Williams Company (SHW), the sale of paint maker reported net sales increased to $2.172 billion from $1.997 billion for the same quarter a year ago period. Net income in the quarter of $175.3 million or $1.60 per diluted share compared to $175.2 million or $1.51 per share a year ago period.

Staples, Inc. (SPLS) fell 0.9% or 20 cent to $20.80 after the office products company estimated GAAP quarterly earnings in the range of $0.38 to $0.40 per share and for fiscal year 2011 earnings in the range of $1.50 to $1.60 per share.

Texas Instruments Incorporated (TXN), the designer and supplier of digital signal processors said third quarter revenue rose 30% to $3.74 billion from $2.88 billion in the same quarter last year. Net income in the quarter surged 60% to $859 million or 71 cents per diluted share, compared to $538 million or 42 cents per share for the year-ago quarter, helped by higher revenue and improved margins amid growth in all of its business segments.
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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