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DAILY EARNINGS

GE, Google, Honeywell, IBM Net jump


Author: Mukesh Buch
ticker.com
Last Update: 12:42 PM ET July 18 2014

10:45 AM New York Bank of New York Mellon second-quarter net plunged 33% to $554 million. GE second-quarter net climbed 13% to $3.5 billion. Google second-quarter climbed 13% to $3.4 billion. Honeywell second-quarter net jumped 8% to $1.1 billion. IBM second-quarter net soared 28% to $4.1 billion.

Tollbooth Index jumped 1.07% or 100.47 to 9,483.02.

Earnings Review

The Bank of New York Mellon Corporation (BK), the financial services provider said total revenue in the second-quarter ending in June declined 7% to $2.98 billion from a year ago.

Net income in the quarter plunged 33.3% to $554 million or 48 cents a diluted share compared to $831 million or 71 cents from a year ago.

General Electric Company (GE), the diversified technology and financial service provider reported total revenue in the second-quarter ending in June jumped 3% to $36.23 billion from a year earlier.

Net income in the quarter climbed 13% to $3.54 billion or 35 cents a diluted share compared to $3.13 billion or 30 cents from a year ago period.

Google Inc (GOOGL), the search engine and related services provider reported revenue in the second-quarter ending in June soared 22% to $15.96 billion compared to a year earlier.

Net income in the quarter climbed 13% to $3.42 billion or $4.99 a diluted share compared to $3.23 billion or $4.77 from a year ago.

Google said sites revenues surged 69% to $10.94 billion and network segment revenue climbed 21% to $3.42 billion. Revenues from other business jumped 10% to $1.60 billion and revenue from the international segment totaled to $9.33 billion.

Honeywell International Inc (HON), the aerospace products maker said revenue in the second-quarter ending in June jumped 6% to $10.25 billion from a year ago period.

Net income in the quarter climbed 7.8% to $1.10 billion or $1.38 a diluted share compared to $1.02 billion or $1.28 from a year ago earlier.

International Business Machines Corp (IBM), the information technology provider reported total revenue in the second-quarter ending in June slid 2% to $24.4 billion in the same quarter of a year ago.

Net income in the quarter soared 28% to $4.14 billion or $4.12 a diluted share compared to $3.23 billion or $2.91 from a year ago.

Johnson Controls Inc (JCI), the temperature regulation system maker reported revenue in the third-quarter rose 3% to $10.8 billion from a year earlier.

Net income in the quarter plunged 68% to $176 million or 26 cents a diluted share compared to $550 million or 80 cents from a year ago period.

VF Corp (VFC), the apparel and footwear maker said revenue in the second-quarter ending on June 28 jumped 8% to $2.4 billion from a year ago.

Net income in the quarter climbed 14% to $157.7 million or 36 cents a diluted share compared to $138.3 million or 31 cents from a year ago earlier.
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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