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DAILY EARNINGS

Moody's, Starbucks Net Climb; Amazon.com Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 8:50 AM ET July 25 2014

10:45 AM New York AbbVie second-quarter net jumped 3% to $1.1 billion. Amazon.com second-quarter net loss widened to $126 million. Chubb second-quarter net declined 14% to $499 million. Moody''s second-quarter net soared 41.5% to $319 million. Starbucks third-quarter net surged 23% to $513 million.

Tollbooth Index edged up 0.02% or 1.96 to 9,563.60.

Earnings Review

AbbVie Inc (ABBV), the pharmaceuticals company reported revenue in the second-quarter ending in June jumped 5% to $4.93 billion from a year ago.

Net earnings in the quarter jumped 2.8% to $1.10 billion compared to $1.07 billion and diluted earnings per share were flat at 82 cents from a year earlier.

American Electric Power Company Inc (AEP), the electric utility provider said revenue in the second-quarter ending in June climbed 11.1% to $4 billion from a year ago period.

Net earnings in the quarter soared 15.4% to $390 million or 80 cents a diluted share compared to $338 million or 73 cents from a year earlier.

Amazon.com, Inc. (AMZN), the online market place operator stated net sales in the second-quarter ending in June soared 23% to $19.3 billion from a year ago.

Net loss in the quarter widened to $126 million or 27 cents a diluted share compared to $7 million or 2 cents from a same quarter last year.

The Chubb Corporation (CB), the casualty insurance company said net premiums written in the second-quarter ending in June rose 4% to $3.2 billion from a year ago.

Net income in the quarter declined 13.8% to $499 million or $2.03 a diluted share compared to $579 million or $2.21 from a same quarter last year.

DTE Energy Co (DTE), the diversified energy company reported revenue in the second-quarter ending in June surged 21.6% to $2.70 billion from a year ago.

Net income in the quarter climbed 18.1% to $124 million or 70 cents a diluted share compared to $105 million or 60 cents from a year earlier.

The energy company forecasted operating earnings per diluted share for the year between $4.20 and $4.40.

Moody''s Corporation (MCO), the credit rating agency said revenue in the second-quarter ending in June soared 16% to $873.5 million from a year ago.

Net earnings in the quarter surged 41.5% to $319.2 million or $1.48 a diluted share compared to $225.5 million or $1 from a year earlier.

Starbucks Corporation (SBUX), the coffee house chain reported total revenues in the third-quarter ending on June 29 climbed 11.8% to $4.1 billion from a year ago period.

Net income in the quarter surged 22.7% to $512.6 million or 67 cents a diluted share compared to $417.8 million or 55 cents from a same quarter last year.

Tyco International Ltd (TYC), the Switzerland-based security products and services provider said agency revenue in the third-quarter ending in June climbed 5% to $2.66 billion from a year ago.

Net income in the quarter surged to $1.45 billion or $3.11 a diluted share compared to $135 million or 28 cents from a year earlier.
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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