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DAILY EARNINGS

Medtronic Net Surges, Waste Management Net Swing to Profit


Author: Mukesh Buch
ticker.com
Last Update: 11:23 AM ET February 17 2015

12:30 AM New York Agios Pharma fourth-quarter net loss widened to $27 million. Genuine Parts fourth-quarter net soared 11% to $166 million. Goodyear Tire fourth-quarter net soared 834% to $2.1 billion. Medtronic third-quarter net surged 28% to $977 million. Waste Management fourth-quarter net swung to profit $590 million.

Tollbooth Index slid 0.1% or 11.09 to 10,514.80.

Earnings Review

Agios Pharmaceuticals Inc (AGIO), the biopharmaceutical company said revenues in the fourth-quarter ending in December soared 117.9% to $14.6 million form a year ago period.

Net loss in the quarter widened to $26.7 million or 76 cents per diluted share compared to $12.4 million or 40 cents from the same quarter last year.

Allete Inc (ALE), the energy company stated revenues in the fourth-quarter ending in December climbed 8.5% to $290.7 million from a year ago period.

Net income in the quarter edged down 0.3% to $32.9 million or 73 cents per diluted share compared to $33 million or 82 cents from the same quarter last year.

Eros International Plc, (EROS) the India-based film entertainment company said revenues in the third-quarter ending in December soared 15.1% to $100.4 million from a year ago period.

Net income in the quarter surged 32.5% to $25.3 million or 36.3 cents per diluted share compared to $19.1 million or 38.9 cents from the same quarter last year.

Genuine Parts Company (GPC), the automobile parts distributor reported sales in the fourth-quarter ending in December increased 9% to $3.82 billion from a year ago period.

Net income in the quarter soared 10.7% to $166 million or $1.07 per diluted share compared to $150 million or 97 cents from the same quarter last year.

The company said sales in the year jumped 9% to $15.3 billion from a year ago period and net income rose 4% to $711 million compared to $685 million in 2013 and diluted earnings per share increased to $4.61from $4.40 in 2013.

Goodyear Tire & Rubber Co (GT), the tire-maker stated net sales in the fourth-quarter ending in December plunged 9% to $4.35 billion from a year ago period.

Net income in the quarter soared 834.2% to $2.13 billion or $7.68 per diluted share compared to $228 million or 84 cents from the same quarter last year.

The company added net income increased mainly due to one-time tax benefit of $2.2 billion in the fourth-quarter.

Medtronic Plc (MDT), the Ireland-based surgical and respiratory equipment maker said net sales in the third-quarter ending on January 23 rose 3.8% to $4.32 billion from a year ago period.

Net income in the quarter surged 28.2% to $977 million or 98 cents per diluted share compared to $762 million or 75 cents from the same quarter last year.

Wolverine World Wide, Inc (WWW), the athletic footwear and apparel maker stated revenues in the fourth-quarter ending in December climbed 9.2% to $808.9 million from a year ago period.

Net in the quarter swung to profit $10.7 million or 10 cents per diluted share compared to a loss of $1.7 million or 2 cents from the same quarter last year.

Waste Management, Inc (WM), the waste management service provider reported revenues in the fourth-quarter ending in December fell 1.7% to $3.44 billion form a year ago period.

Net in the quarter swung to profit $590 million or $1.28 per diluted share compared to a loss of $605 million or $1.29 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