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DAILY EARNINGS

McDonald’s Net Rises, Halliburton Net Falls


Author: Mukesh Buch
ticker.com
Last Update: 12:19 PM ET July 22 2013

10:45 AM New York – Federal-Mogul second quarter net swung to $56 million profit. Gannett second quarter net dropped 5.2% to $113.6 million. Halliburton second quarter net slipped 8% to $679 million. Kimberly-Clark second quarter net jumped 6% to $526 million. McDonald’s second quarter net grew 4% to $1.4 billion.

Earnings Review

Bank of Hawaii Corporation (BOH), the bank reported net interest income in the second quarter ending in June declined 8% to $87.3 million. Net income in the quarter declined 7% to $37.8 million or 85 cents a diluted share compared to $40.7 million or 90 cents.

Federal-Mogul Corporation (FDML), the automotive parts supplier stated net sales in the second quarter climbed 6% to $1.77 billion. Net in the quarter swung to a profit $56 million or 57 cents a diluted share compared to net loss of $59 million or 60 cents.

On July 9, the company completed its right offering and raised $500 million.

Gannett Co., Inc. (GCI), the media and marketing company reported revenue in the second quarter slid 0.3% to $1.30 billion. Net income in the quarter dropped 5.2% to $113.6 million or 48 cents a diluted share compared to $119.9 million or 51 cents.

Publishing segment revenues in the quarter declined 1.7% to $904.2 million and advertising revenues dropped 5.3% to $562.5 million.

Broadcasting revenues rose 3.2%to $212 million and television revenues grew 3.6% to $204.8. Operating revenues in the digital segment increased 2.9% to $186.5 million.

During the quarter, the company has acquired Belo Corp for $13.75 per share in cash for an enterprise value of about $2.2 billion.

Halliburton Company (HAL), the oilfield services provider said net sales in the second quarter ending in June grew 4% $7.3 billion. Net income in the quarter slipped 8% to $679 million or 73 cents a diluted share compared to $737 million or 79 cents.

The company added operating income in the quarter climbed 14% to $1 billion.

Hasbro, Inc. (HAS), the entertainment products provider stated net revenue in the second quarter ending in June declined 6% $766.3 million. Net earnings in the quarter plummeted 12% to $36.5 million or 28 cents a diluted share compared to $43.4 million or 33 cents.

Kimberly-Clark Corporation (KMB), the consumer products maker reported stated net sales in the second quarter ending in June was flat at $5.3 billion. Net income in the quarter climbed 6% to $526 million or $1.36 a diluted share compared to $498 billion or $1.26.

In the quarter, operating profit advanced 6% to $796 million and gross profit increased 3% to $1.80 billion.

For the year, the company expects adjusted earnings per share in a range of $5.60 to $5.75.

McDonald’s Corporation (MCD), fast food chain operated stated revenues in the second quarter ending in June rose 3% to $7.1 billion. . Net income in the quarter grew 4% to $1.4 billion or $1.38 a diluted share compared to $1.35 billion or $1.32.

Operating income in the quarter was flat at $2.2 billion. Global comparable sales rose 1%. Comparable sales in the U.S. grew 1% and comparable sales in Europe slid 0.1%.
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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