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DAILY EARNINGS

Omnicom Net Soars; Archer Daniels, GM Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 2:24 AM ET February 07 2017

12:00 PM New York Archer Daniels fourth-quarter net tumbled 41% to $424 million. Cardinal Health second-quarter net fell 1% to $324 million. GM fourth-quarter net plunged 71% to $1.8 billion. Intercontinental Exchange fourth-quarter net surged 12% to $1.4 billion. Omnicom fourth-quarter net jumped 6% to $349 million.

Tollbooth Index increased 28.08 or 0.3% to 11,375.27.

Earnings Review

Arrow Electronics, Inc (ARW), the electronic components provider said revenues in the fourth-quarter ending in December declined 4.8% from a year ago to $6.2 billion.

Net income in the quarter advanced 4.4% to $164.5 million or $1.81 per diluted share compared to the $158.5 million or $1.69 per share in the same quarter last year.

In the first-quarter, the electronic components maker forecasted total sales between $5.38 billion and $5.78 billion and diluted earnings per share in the range of $1.18 to $1.30.

Archer Daniels Midland Company (ADM), the food processing group reported revenues in the fourth-quarter ending in December grew 0.4% from a year ago to $16.5 billion.

Net income in the quarter tumbled 40.9% to $424 million or 73 cents per diluted share compared to the $718 million or $1.19 per share in the same quarter last year.

Cardinal Health Inc (CAH), the healthcare services provider said revenues in the second-quarter ending in December jumped 5% from a year ago to $33.1 billion.

Net income in the quarter fell 0.6% to $324 million or $1.02 per diluted share compared to the $326 million or 98 cents per share in the same quarter last year.

The generic drugs maker forecasted earnings per share in the full-year in the range of $5.35 to $5.50 from earlier outlook of $5.40 to $5.60.

Church & Dwight Co., Inc (CHD), the household, personal care and specialty products maker stated net sales in the fourth-quarter ending in December increased 2.6% from a year ago to $896 million.

Net in the quarter rose 1.2% to $110.4 million or 42 cents per diluted share compared to the $109.1 million or 41 cents per share in the same quarter last year.

General Motors Company (GM), the automaker reported revenues in the fourth-quarter ending in December soared 10.8% from a year ago to $43.9 billion.

Net income in the quarter plunged 70.7% to $1.8 billion or $1.19 per diluted share compared to the $6.3 million or $3.92 per share in the same quarter last year.

Intercontinental Exchange Inc (ICE), the financial exchanges operator said revenues in the fourth-quarter ending in December jumped 27.6% from a year ago to $6 billion.

Net income in the quarter surged 11.8% to $1.4 billion or $2.37 per diluted share compared to the $1.3 million or $2.28 per share in the same quarter last year.

Michael Kors Holdings Ltd (KORS), the branded apparel and accessories designer stated total revenues in the third-quarter ending in December slumped 3.2% from a year ago to $1.35 billion.

Net income in the quarter plunged 7.9% to $271.3 million or $1.64 per diluted share compared to the $294.6 million or $1.59 per share in the same quarter last year.

In the fourth-quarter, Michael Kors forecasted total revenue to be between $1.04 billion and $1.06 billion and diluted earnings per share in the range of 68 cents to 72 cents.

Omnicom Group Inc (OMC), the advertising and marketing services provider said revenues in the fourth-quarter ending in December increased 2.1% from a year ago to $4.2 billion.

Net income in the quarter jumped 5.6% to $348.7 million or $1.47 per diluted share compared to the $328.3 million or $1.35 per share in 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