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DAILY EARNINGS

Roper, Tenneco Net Soar; Merck, Seagate Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 12:34 PM ET October 27 2014

12:30 AM New York Merck third-quarter net declined 20% to $895 million. Precision Drilling third-quarter net surged 80% to $53 million. Roper third-quarter net climbed 14% to $156 million. Seagate first-quarter net plunged 11% to $381 million. Tenneco third-quarter net surged six-fold to $78 million.

Tollbooth Index rose 0.2% or 15.58 to 9,289.90.

Earnings Review

Merck & Co., Inc (MRK), the drug maker reported sales in the third-quarter ending in September dropped 4.3% to $10.56 billion from a year ago period.

Net income in the quarter declined 20% to $895 million or 31 cents a diluted share compared to $1.12 billion or 38 cents from a same quarter last year.

Precision Drilling Corp (PDS), the contract drilling services provider said revenue in the third-quarter ending in September soared 19.7% to $584.6 million from a year ago period.

Net income in the quarter surged 79.6% to $52.8 million or 18 cents a diluted share compared to $29.4 million or 10 cents from a same quarter last year.

Roper Industries, Inc (ROP), the industrial machinery and equipment maker stated revenue in the third-quarter ending in September jumped 7% to $884 million from a year ago period.

Net earnings in the quarter climbed 14.1% to $155.5 million or $1.54 a diluted share compared to $136.3 million or $1.36 from a same quarter last year.

The company revised its full-year adjusted earnings per share guidance between $6.32 and $6.38 and adjusted earnings per share for the fourth-quarter in the range of $1.75 to $1.81.

Seagate Technology PLC (STX), the Ireland-based data storage products maker reported revenue in the first-quarter ending on October 3 climbed 8.6% to $3.79 billion from a year ago period.

Net income in the quarter plunged 10.8% to $381 million or $1.13 a diluted share compared to $427 million or $1.16 from a same quarter last year.

Tenneco Inc (TEN), the automobile parts maker said total revenue in the third-quarter ending in September rose 6.1% to $2.08 billion from a year ago period.

Net income in the quarter surged six-fold to $78 million or $1.27 a diluted share compared to $12 million or 19 cents from a 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