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DAILY EARNINGS

Kimberly Clark Net Swings to Profit; Sprint Net Swing to Loss


Author: Mukesh Buch
ticker.com
Last Update: 1:03 PM ET July 25 2016

12:00 PM New York Danaher second-quarter net declined 6% to $657 million. Kimberly Clark second-quarter net swung to profit $566 million. Roper Technologies second-quarter net slumped 8% to $158 million. Sprint second-quarter net widened to $302 million.

Tollbooth Index decreased 28.17 or 0.3% to 10,977.74.

Earnings Review

Danaher Corporation (DHR), the industrial and medical products maker said total revenues in the second-quarter ending in June soared 16.5% from a year ago to $5.8 billion.

Net income in the quarter declined 5.6% to $656.7 million or 94 cents per diluted share compared to $695.7 million or 97 cents per share from the same quarter last year.

In the third-quarter, Danaher forecasted GAAP diluted net earnings per share between 47 cents and 51 cents.

The industrial and medical products maker estimated diluted net earnings per share in the year in the range of $2.79 to $2.86.

Kimberly Clark Corp (KMB), the sanitary products maker reported total revenues in the second-quarter ending in June fell 1% from a year ago to $4.6 billion.

Net in the quarter swung to profit $566 million or $1.56 per diluted share compared to $305 million or 83 cents per share from the same quarter last year.

The sanitary products maker affirmed diluted earnings per share for the full-year 2016 in the range of $5.92 to $6.15.

Roper Technologies Inc (ROP), the industrial equipment maker stated revenues in the second-quarter ending in June jumped 5% from a year ago to $931.6 million.

Net income in the quarter slumped 7.7% to $158.1 million or $1.54 per diluted share compared to $171.3 million or $1.28 per share from the same quarter last year.

Roper forecasted diluted net earnings per share in the year between $6.57 and $6.71 and revenue in the second half to increase in the range of 7% to 9%.

Sprint Corp (S), the wireless communication services provider said revenues in the second-quarter ending in June slid 0.2% from a year ago to $8.01 billion.

Net loss in the quarter widened to $302 million or 8 cents per diluted share compared to $20 million or 1 cent per share from 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