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DAILY EARNINGS

Priceline, Wal-Mart Net Soar, DIRECTV Net Drops


Author: Mukesh Buch
ticker.com
Last Update: 12:48 PM ET February 19 2015

12:30 AM New York DIRECTV fourth-quarter net fell 4% to $778 million. Discovery Communications fourth-quarter net plunged 14% to $250 million. Hormel Foods fourth-quarter net surged 12% to $172 million. Priceline fourth-quarter net jumped 20% to $452 million. Wal-Mart fourth-quarter net climbed 12% to $5 billion.

Tollbooth Index gained 0.2% or 25.01 to 10,580.84.

Earnings Review

DIRECTV (DTV), the cable television network provider reported revenues in the fourth-quarter ending in December jumped 4% to $8.92 billion from a year ago period.

Net income in the quarter dropped 3.9% to $778 million compared to $810 million and diluted earnings per share were flat at $1.53 from the same quarter last year.

In the quarter, the company added a net 149,000 subscribers in the U.S. compared with 93,000 additions in a year ago quarter.

Discovery Communications Inc (DISCA), the media and entertainment company said total revenues in the fourth-quarter ending in December climbed 9.1% to $1.68 billion from a year ago period.

Net income in the quarter plunged 13.5% to $250 million or 38 cents per diluted share compared to $289 million or 41 cents from the same quarter last year.

Hormel Foods Corporation (HRL), the meat and food product maker stated net sales in the fourth-quarter ending in December soared 7.1% to $2.40 billion from a year ago period.

Net income in the quarter surged 12% to $171.7 million or 64 cents per diluted share compared to $153.3 million or 57 cents from the same quarter last year.

Priceline Group Inc (PCLN), the online travel company reported revenues in the fourth-quarter ending in December climbed 19.5% to $1.84 billion form a year ago period.

Net income in the quarter jumped 19.5% to $451.8 million or $8.56 per diluted share compared to $378.1 million or $7.14 from the same quarter last year.

Wal-Mart Stores, Inc (WMT), the speciality retailer reported revenues in the fourth-quarter ending in December jumped 1.4% to $131.6 billion form a year ago period.

Net income in the quarter climbed 12.1% to $4.97 billion or $1.53 per diluted share compared to $4.35 billion or $1.36 from the same quarter last year.

The retailer said U.S. comparable store sales in the quarter rose 1.6% and comparable store sales at Sam''s Club without fuel increased 2%.
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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