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DAILY EARNINGS

Laboratory Corp, Roper Net Rise; Xerox Net Swings to Loss


Author: Mukesh Buch
ticker.com
Last Update: 4:16 AM ET October 26 2015

12:30 AM New York Check Point Software third-quarter net jumped 4% to $168 million. Laboratory Corp third-quarter net soared 11% to $153 million. Roper third-quarter net jumped 3% to $160 million. Xerox third-quarter net swung to a loss of $34 million.

Tollbooth Index edged up 6.15 to 10,939.52.

Earnings Review

Check Point Software Technologies Ltd (CHKP), the information technology provider said revenues in the third-quarter ending in September advanced 9% from a year ago to $404 million.

Net income in the quarter jumped 4.2% to $167.7 million or 92 cents per diluted share compared to $161 million or 84 cents from the same quarter last year.

Laboratory Corp. of America Holdings (LH), the clinical laboratory operator stated revenues in the third-quarter ending in September surged 46.3% from a year ago to $2.27 billion.

Net income in the quarter soared 11.4% to $152.8 million or $1.49 per diluted share compared to $137.2 million or $1.59 from the same quarter last year.

Roper Technologies Inc (ROP), the diversified technology company said net sales in the third-quarter ending in September were flat from a year ago to $884 million.

Net income in the quarter jumped 3.1% to $160.4 million or $1.58 per diluted share compared to $155.5 million or $1.54 from the same quarter last year.

Roper lifted diluted earnings per share forecast for the year between $6.69 and $6.75, from the earlier estimated range of $6.61 to $6.75.

Xerox Corporation (XRX), the outsource services provider reported total revenues in the third-quarter ending in September plunged 10% from a year ago to $4.33 billion.

Net in the quarter swung to a loss of $34 million or 4 cents per diluted share compared to profit of $266 million or 22 cents from the same quarter last year.

Xerox forecasted earnings per share for the fourth-quarter in the range of 23 cents to 25 cents and for the year earnings per share between 46 cents and 52 cents.
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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