S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
DAILY EARNINGS

Goldman Sachs Net Jumps; IBM, JNJ, Grainger Net Tumble


Author: Mukesh Buch
ticker.com
Last Update: 12:38 PM ET July 19 2016

12:00 PM New York Goldman Sachs second-quarter net surged 78% to $1.6 billion. IBM second-quarter net tumbled 27% to $2.5 billion. Johnson & Johnson second-quarter net declined 12% to $4 billion. Grainger second-quarter net plunged 22% to $173 million. Yahoo! second-quarter net loss widened to $440 million.

Tollbooth Index decreased 17.05 or 0.2% to 10,883.38.

Earnings Review

Goldman Sachs Group Inc (GS), the financial services provider said revenues in the second-quarter ending in June plunged 12.7% from a year ago to $7.93 billion.

Net income in the quarter surged 78% to $1.63 billion or $3.72 per diluted share compared to $916 million or $1.98 per share from the same quarter last year.

International Business Machines Corp (IBM), the cloud and technology services provider reported revenues in the second-quarter ending in June fell 3% from a year ago to $20.2 billion.

Net income in the quarter tumbled 26.5% to $2.5 billion or $2.61 per diluted share compared to $3.4 billion or $3.50 per share from the same quarter last year.

Johnson & Johnson (JNJ), the healthcare products maker said sales in the second-quarter ending in June jumped 3.9% from a year ago to $18.5 billion.

Net income in the quarter declined 11.5% to $4 billion or $1.43 per diluted share compared to $4.52 billion or $1.61 per share from the same quarter last year.

W. W. Grainger Inc (GWW), the industrial equipment distributor said sales in the second-quarter ending in June fell 2% from a year ago to $2.6 billion.

Net income in the quarter plunged 22% to $173 million or $2.79 per diluted share compared to $221 million or $3.25 per share from the same quarter last year.

Yahoo! Inc (YHOO), the internet contents provider said revenues in the second-quarter ending in June jumped 5.6% from a year ago to $1.31 billion.

Net loss in the quarter widened to $440 million or 46 cents per diluted share compared to $22 million or 2 cents per share from the same quarter last year.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc