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DAILY EARNINGS

Time Warner Net Climbs; eBay Net Swings to Loss


Author: Mukesh Buch
ticker.com
Last Update: 1:06 PM ET April 30 2014

10:45 AM New York eBay first-quarter net swung to a loss $2.3 billion. Exelon first-quarter net swung to a profit $90 million. Southern first-quarter net surged 279% to $368 million. Time Warner first-quarter net climbed 71% to $1.3 billion. Twitter first-quarter net loss widened to $132 million.

Earnings Review

eBay Inc (EBAY), the online marketplaces provider reported revenue in the first-quarter ending in March soared 14% to $4.3 billion.

Net in the quarter swung to a loss $2.3 billion or $1.82 a diluted share compared to a profit of $677 million or 51 cents.

eBay said total company enabled commerce volume in the quarter climbed 24% to $58 billion. Mobile e-commerce volume surged 70% to $11 billion representing 19% of volume.

Mobile apps download since inception exceeded 240 million and attracted 6.5 million new customers in the quarter. Cross-border trade grew 24%, representing $13 billion, or increased 22%.

Exelon Corporation (EXC), the electricity provider said revenue in the first-quarter ending in March climbed 19.1% to $7.24 billion.

Net in the quarter swung to a profit $90 million or 10 cents a diluted share compared to a loss of $4 million or 1 cent.

Separately, today the company signed a definitive agreement to acquired Pepco Holdings Inc to combine the two companies in an all-cash transaction at $27.25 per share, representing a premium of 24.7%.

GlaxoSmithKline Plc (GSK), the U.K.-based healthcare group reported sales in the first-quarter ending in March declined 13.3% to $9.32 billion.

Net income in the quarter plunged 30.1% to $1.19 billion and diluted earnings per share were 22.7 cents a year earlier.

International Paper Company (IP), the paper and packaging company stated revenue in the first-quarter ending in March slid to $7 billion from $7.1 billion a year ago.

Net in the quarter swung to a loss $95 million or 21 cents a diluted share compared to a profit of $318 million or 71 cents.

The Southern Company (SO), the electricity provider reported total revenue in the first-quarter ending in March soared 18.9% to $4.64 billion.

Net income in the quarter surged 279.4% to $368 million or 39 cents a diluted share compared to $97 million or 9 cents.

Time Warner Inc (TWX), the media conglomerate provider reported revenue in the first-quarter ending in March jumped 10% to $7.54 billion.

Net income in the quarter climbed 71% to $1.29 billion or $1.42 a diluted share compared to $754 million or 79 cents.

Twitter Inc (TWTR), the social media platform provider said revenue in the first-quarter ending in March climbed 119% to $250 million.

Net loss in the quarter widened to $132.4 million or 23 cents a diluted share compared to $27 million or 21 cents.

VistaPrint Limited (VPRT), the Netherlands-based printing services provider said revenue in the third-quarter ending in March fell 1% to $286.2 million.

Net income in the quarter plunged 77% to $1.4 million or 4 cents a diluted share compared to $5.9 million or 17 cents.

The company lifted its revenue guidance for the year between $1.25 billion and $1.27 billion and net income per diluted share of approximately in the range of $1 to $1.15.
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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