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DAILY EARNINGS

MasterCard Net Soars 14%, Visa Net Plunges 28%


Author: Mukesh Buch
ticker.com
Last Update: 12:01 PM ET October 31 2013

10:45 AM New York Cigna third-quarter net surged 19% to $553 million. Facebook third-quarter net swung to a loss $59 million. MasterCard third-quarter net climbed 14% to $879 million. Time Warner third-quarter net plunged 34% to $532 million. Visa fourth-quarter net plunged 28% to $1.2 billion.

Earnings Review

Advance Auto Parts, Inc. (AAP), the automotive parts retailer reported revenue in the third-quarter ending in September slipped 7% to $2.3 billion.

Net in the quarter swung to a loss $5.5 million or 1 cent a diluted share compared to a profit of $31.6 million or 7 cents.

Avon Products, Inc. (AVP), the beauty products maker stated sales in the third-quarter ending in September rose 3% to $1.52 billion. Comparable sales in the quarter slipped 2%.

Net income in the quarter climbed 16% to $103.8 million or $1.42 a diluted share compared to $89.5 million or $1.21.

Cigna Corporation (CI), the health service company reported net consolidated revenues in the third-quarter ending in September jumped 10% to $8.1 billion.

Net income in the quarter surged 19% to $553 million or $1.95 a diluted share compared to $466 million or $1.61.

ConocoPhillips (COP), the oil and gas explorer stated total revenue in the third-quarter ending in September jumped 5.4% to $15.5 billion.

Net earnings in the quarter soared 39% to $2.5 billion or $2 a diluted share compared to $1.8 billion or 1.46.

Facebook Inc (FB), the social media network provider said net revenues in the third-quarter ending in September surged 60% to $2.02 billion.

Net in the quarter swung to a loss $59 million or 2 cents a diluted share compared to a profit of $425 million or 17 cents.

Expedia, Inc. (EXPE), the online travel company stated net revenues in the third-quarter ending in September climbed 17% to $1.40 billion. Net income in the quarter slid 0.3% to $170.9 million or $1.22 a diluted share compared to $171.5 million or $1.21.

MasterCard Incorporated (MA), the credit card service provider said net revenues in the third-quarter ending in September jumped 16% to $2.2 billion.

Net earnings in the quarter climbed 14% to $879 million or $7.27 a diluted share compared to $772 million or $6.17.

Starbucks Corporation (SBUX), the coffee-house chain reported net revenues in the fourth-quarter ending in September jumped 13% to $3.8 billion.

Net income in the quarter surged 34% to $481.1 million or 63 cents a diluted share compared to $359 million or 46 cents.

Time Warner Cable Inc (TWC), the broadband service provider said net revenues in the third-quarter ending in September grew 3% to $5.5 billion.

Net income in the quarter plunged 34% to $532 million or $1.84 a diluted share compared to $808 million or $2.60.

Visa Inc. (V), the payments technology provider reported net revenues in the fourth-quarter ending in September soared 9% to $2.97 billion.

Net income in the quarter plunged 28.3% to $1.19 billion or $1.85 a diluted share compared to $1.66 billion or $2.47.

Visa said payments volume in the quarter surged 13% to $1.1 trillion. Total processed transactions by VisaNet, for the quarter soared 14% to 15.5 billion from the prior 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