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DAILY EARNINGS

Goldman Sachs, J&J, UnitedHealth Net Soar; IBM Net Falls


Author: Mukesh Buch
ticker.com
Last Update: 4:43 AM ET October 18 2016

12:00 PM New York BlackRock third-quarter net jumped 4% to $875 million. Goldman Sachs third-quarter net surged 58% to $2.1 billion. IBM third-quarter net slumped 3% to $2.9 billion. J&J third-quarter net soared 24% to $4.3 billion. UnitedHealth third-quarter net surged 23% to $1.9 billion.

Tollbooth Index jumped 85.23 or 0.8% to 10,921.90.

Earnings Review

BlackRock, Inc (BLK), the investment advisor said revenues in third-quarter ending in September fell 3% from a year ago to $2.8 billion.

Net income in the quarter jumped 4% to $875 million or $5.26 per diluted share compared to the $843 million or $5 per share from the same quarter last year.

Domino''''s Pizza, Inc (DPZ), the pizza restaurant chain stated revenues in the third-quarter ending in September advanced 16.9% from a year ago to $566.7 million.

Domestic same store sales in the quarter surged 13%, represents 22nd consecutive quarter of sales growth in the U.S. business and international same store sales jumped 6.6%, marked 91st quarterly same store sales growth.

Net income in the quarter soared 24.8% to $47.2 million or 96 cents per diluted share compared to the $37.8 million or 67 cents per share from the same quarter last year.

Goldman Sachs Group Inc (GS), the investment and banking services provider reported revenues in third-quarter ending in September soared 19% from a year ago to $8.17 billion.

Net income in the quarter surged 58% to $2.1 billion or $4.88 per diluted share compared to the $1.3 billion or $3.72 per share from the same quarter last year.

W W Grainger Inc (GWW), the industrial maintenance services provider stated revenues in third-quarter ending in September rose 3% from a year ago to $2.6 billion.

Net income in the quarter fell 3% to $186 million or $3.05 per diluted share compared to the $192 million or $2.92 per share from the same quarter last year.

Grainger lifted revenues forecast in the year in the range 1.5% to 2.5% from earlier estimated range of 1% to 4% and earnings per share of $11.40 to $11.70 and between $11.20 and $12.20.

Harley-Davidson Inc (HOG), the motorcycles and scooters maker said revenues in the third-quarter ending in September slipped 3.8% from a year ago to $1.27 billion.

Net income in the quarter plunged 19% to $114.1 million or 64 cents per diluted share compared to the $140.3 million or 69 cents per share from the same quarter last year.

International Business Machines Corp (IBM), the software services and systems maker reported total revenues in third-quarter ending in September slid 0.3% from a year ago to $19.23 billion.

Net income in the quarter slumped 3.4% to $2.85 billion or $2.98 per diluted share compared to the $2.95 billion or $3.01 per share from the same quarter last year.

Johnson & Johnson (JNJ), the healthcare products maker reported revenues in third-quarter ending in September jumped 4.2% from a year ago to $17.8 billion.

Net income in the quarter soared 24% to $4.3 billion or $1.53 per diluted share compared to the $3.4 million or $1.20 per share from the same quarter last year.

Philip Morris International Inc (PM), the tobacco products maker said revenues in the third-quarter ending in September advanced 2.6% from a year ago to $19.9 billion.

Net income in the quarter was nearly flat at $1.94 billion and diluted earnings per share were flat at $1.25 per share from the same quarter last year.

UnitedHealth Group Inc (UNH), the diversified healthcare services provider reported total revenues in third-quarter ending in September soared 11.5% from a year ago to $46.3 billion.

Net income in the quarter surged 23.1% to $1.97 billion or $2.03 per diluted share compared to the $1.60 billion or $1.65 per share from the same quarter last year.

The healthcare group lifted fiscal 2016 earnings per share forecast to about $7.45 from the previously estimated range of $7.25 to $7.40.
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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