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DAILY EARNINGS

Henry Schein, Office Depot Net Soar; Aon Net Declines 11%


Author: Mukesh Buch
ticker.com
Last Update: 12:48 PM ET May 09 2017

12:00 PM New York Aon first-quarter net declined 11% to $291 million. Duke Energy first-quarter net jumped 3% to $716 million. Henry Schein first-quarter net surged 24% to $141 million. Office Depot first-quarter net surged 152% to $116 million. Valeant Pharmaceuticals first-quarter net swung to profit $628 million.

Tollbooth Index increased 16.57 to 12,207.48.

Earnings Review

Aon Plc (AON), the health and retirement services provider said revenues in the first-quarter ending in March jumped 5% from a year ago to $2.4 billion.

Net income in the quarter declined 10.5% to $291 million or $1.09 per diluted share from $325 million or $1.19 in the same quarter last year.

Dean Foods Co (DF), the food and beverages maker stated revenues in the first-quarter ending in March advanced 6.4% from a year ago to $2 billion.

Net in the quarter swung to a loss of $9.8 million or 11 cents per diluted share from profit of $39.2 million or 43 cents in the same quarter last year.

Dean Foods forecasted fiscal 2017 diluted earnings per share in the range of $1.35 to $1.55.

Duke Energy Corp (DUK), the energy services provider reported revenues in the first-quarter ending in March jumped 5.5% from a year ago to $5.7 billion.

Net income in the quarter rose 3.2% to $716 million or $1.02 per diluted share from $694 million or $1.01 in the same quarter last year.

Henry Schein, Inc (HSIC), the healthcare products and services provider said revenues in the first-quarter ending in March soared 7.7% from a year ago to $2.9 billion.

Net income in the quarter surged 23.7% to $140.7 million or $1.76 per diluted share from $113.8 million or $1.37 in the same quarter last year.

Henry Schein estimated fiscal 2017 diluted earnings per share to jump between 16% and 18% or in the range of $7.17 to $7.30 from a year ago period.

Office Depot Inc (ODP), the office furniture provider stated total sales in the first-quarter ending in March declined 7% from a year ago to $2.7 billion.

Net income in the quarter surged 152.2% to $116 million or 22 cents per diluted share from $46 million or 8 cents in the same quarter last year.

Office Depot said same-store sales in the North America retail business dropped 5% on weak customer visits to stores.

Valeant Pharmaceuticals Intl Inc (VRX), the Canada-based pharmaceutical products maker said total revenues in the first-quarter ending in March plunged 11% from a year ago to $2.1 billion.

Net in the quarter swung to profit $628 million or $1.79 per diluted share from a loss of $374 million or $1.08 in the same quarter last year.
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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