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DAILY EARNINGS

du Pont, Whirlpool Net Jump; EMC Net Falls


Author: Mukesh Buch
ticker.com
Last Update: 1:14 PM ET October 22 2013

10:45 AM New York du Pont third-quarter net surged to $285 million. EMC Corp third-quarter net dropped 6% to $586 million. Kimberly-Clark third-quarter net climbed 6% to $546 million. Lockheed Martin third-quarter net climbed 20% to $873 million. Whirlpool third-quarter net surged 165% to $196 million.

Earnings Review

Coach, Inc. (COH), the accessories and gifts retailers reported net sales in the first-quarter ending on September 28 decreased 1% to $1.15 billion. Net income in the quarter fell 2% to $217.8 million or 77 cents a diluted share compared to $221.4 million or 77 cents.

E. I. du Pont de Nemours and Company (DD), the diversified company said net sales in the third-quarter ending in September advanced 6% to $7.81 billion. Net income in the quarter surged to $285 million or 30 cents a diluted share compared to $5 million or a break even share.

EMC Corporation (EMC), the storage systems and technology provider stated revenues in the third-quarter ending in September jumped 5% to $5.5 billion. Net income in the quarter slipped 6% to $586 million or 27 cents a diluted share compared to $626 million or 28 cents.

Harley-Davidson, Inc. (HOG), the motorcycle maker reported revenues in the third-quarter ending on September 29 climbed 9% to $1.18 billion. Net income in the quarter surged 21% to $162.7 million or 73 cents a diluted share compared to $134 million or 59 cents.

IDEXX Laboratories, Inc. (IDXX), the medical equipment maker said total revenues in the third-quarter ending in September jumped 7% to $338.3 million. Net income in the quarter climbed 9% to $45.7 million or 86 cents a diluted share compared to $42.9 million or 76 cents.

Kimberly-Clark Corporation (KMB), the sanitary products maker revenue in the third-quarter ending in September grew 0.3% to $5.3 billion. Net income in the quarter advanced 5.6% to $546 million or $1.42 a diluted share compared to $517 million or $1.30.

Lockheed Martin Corporation (LMT), the aerospace and defense equipment maker reported net sales in the third-quarter ending in September dropped 4% to $11.3 billion. Net earnings in the quarter climbed 20% to $873 million or $2.66 a diluted share compared to $727 million or $2.21.

The company expects net sale for the fiscal 2014 may slightly decline from 2013 levels as U.S. Government shutdown delays government spending.

McGraw Hill Financial Inc (MHFI), the financial information company said revenue in the third-quarter ending in September jumped 7% to $1.19 billion. Net income in the quarter tumbled 31% to $215 million or 77 cents a diluted share compared to $314 million or $1.10.

McGraw Hill lifted adjusted earnings guidance per share for the year in the range of $3.25 to $3.30 from $3.15 to $3.25.

Whirlpool Corporation (WHR), the home appliances maker reported revenue in the third-quarter ending in September grew 4.2% to $4.68 billion. Net earnings in the quarter surged 165% to $196 million or $2.42 a diluted share compared to $74 million or 94 cents.

The home appliances maker lifted diluted earnings per share guidance for the year between $10.45 and $10.65 from previous range of $10.05 to $10.55.
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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