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Market Update

Amazon, Biogen, Google, MasterCard Soar; C R Bard, Xerox Decline


Author: Mukesh Buch
ticker.com
Last Update: 12:48 PM ET January 30 2015

12:45 PM New York Amazon.com net declined 11% but revenues jumped 15%. Biogen profit surged 93%. Chevron net tumbled 30% on 18% decline in revenues. Eli Lilly net plummeted 41% and revenues declined 12%. Google revenues and net soared. MasterCard net surged 29%. Xerox profit tumbled 49%.

Tollbooth Index fell 0.1% or 11.30 to 10,013.98.

Earnings Review

Amazon.com, Inc (AMZN) climbed 11.2% or $34.99 to $346.74 after the online marketplace operator reported net sales in the fourth-quarter ending in December jumped 15% to $29.33 billion a year ago period.

Net income in the quarter declined 10.5% to $214 million or 45 cents a diluted share compared to $239 million or 51 cents from the same quarter last year.

Amazon forecasted net sales for the first-quarter between $20.9 billion and $22.9 billion or to climb in the range of 6% to 16%.

Biogen Idec Inc (BIIB) surged 10.3% or $35.98 to $389.23 after the biotechnology company reported total revenues in the fourth-quarter ending in December surged 34.7% to $2.64 billion a year ago period.

Net income in the quarter soared 93.2% to $883.5 million or $3.74 a diluted share compared to $457.3 million or $1.92 from the same quarter last year.

Chevron Corporation (CVX) slipped 71 cents to $102.32 after the petroleum refiner reported total revenues in the fourth-quarter ending in December declined 17.9% to $46.09 billion a year ago period.

Net income in the quarter tumbled 29.6% to $3.47 billion or $1.85 a diluted share compared to $4.93 billion or $2.57 from the same quarter last year.

C R Bard Inc (BCR) declined 4.3% or $7.65 to $169.29 after the medical and surgical equipment maker stated net sales in the fourth-quarter ending in December climbed 9.6% to $867.2 million a year ago period.

Net income in the quarter plunged 79.9% to $134.2 million or $1.72 a diluted share compared to $667.5 million or $8.28 from the same quarter last year.

Eli Lilly and Co (LLY) rose 5 cents to $72.16 after the drug-maker reported total revenues in the fourth-quarter ending in December declined 12% to $5.12 billion a year ago period.

Net income in the quarter plummeted 41% to $428.5 million or 40 cents a diluted share compared to $727.5 million or 67 cents from the same quarter last year.

The drug-maker forecasted revenue for the fiscal 2015 between $19.5 billion and $20 billion.

Google Inc (GOOG) climbed 3.6% or $18.09 to $528.75 after the search engine service provider reported total revenues in the fourth-quarter ending in December climbed 15% to $18.1 billion a year ago period.

Net income in the quarter jumped 40.8% to $4.76 billion or $6.91 a diluted share compared to $3.38 billion or $4.95 from the same quarter last year.

The company said revenue from owned sites soared 18% to $12.43 billion and revenues from partner sites jumped 6% to $3.72 billion and other revenues climbed 19% to $1.95 billion from a year ago.

MasterCard Inc (MA) gained 1.5% or $1.21 to $82.57 after the payment processing services provider reported total revenues in the fourth-quarter ending in December surged 13.6% to $2.42 billion a year ago period.

Net income in the quarter surged 28.6% to $801 million or 69 cents a diluted share compared to $623 million or 52 cents from the same quarter last year.

Xerox Corp (XRX) dropped 2.6% or 36 cents to $13.20 after the outsourcing company stated total revenues in the fourth-quarter ending in December fell 3% to $5.03 billion a year ago period.

Net income in the quarter tumbled 49% to $156 million or 13 cents a diluted share compared to $306 million or 25 cents from 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