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Market Update

Amazon Net Soars, Google Net Rises 16%


Author: Mukesh Buch
ticker.com
Last Update: 12:33 PM ET January 31 2014

10:55 AM New York 3M net surged 57%. Amazon net surged 146% and revenue soared 20%. Chevron declined after net tumbled 33%. Colgate net dropped 6%. Google profit climbed 16%. L-3 Communications net declined 8%. MasterCard net rose 3% and revenue jumped 12%.

3M Co (MMM) slipped $1.12 to $126.93 after the diversified technology company said net sales in the fourth-quarter ending in December increased 2.4% to $7.57 billion.

Net income in the quarter surged 57% to $1.10 billion or $1.62 a diluted share compared to $991 million or $1.41.

Amazon.com, Inc (AMZN) plunged 8.2% or $32.83 to $370.35 after the online market place operator reported sales in the fourth-quarter ending in December soared 20% to $25.59 billion.

Net income in the quarter surged 146.4% to $239 million or 51 cents a diluted share compared to $97 million or 21 cents.

For the first quarter, Amazon said net sales expected to be between $18.2 billion and $19.9 billion, or to grow between 13% and 24%.

Chevron Corporation (CVX) declined 3.6% to $112.25 after the petroleum refiner said total revenue in the in the fourth-quarter ending in December dropped 7.3% to $56.2 billion.

Net income in the quarter tumbled 32.5% to $4.93 billion or $2.57 a diluted share compared to $7.30 billion or $3.70.

Colgate-Palmolive Company (CL) fell 61 cents to $60.88 after the consumer products maker reported net sales rose 2% to $4.36 billion.

Net income in the quarter dropped 5.7% to $564 million or 60 cents a diluted share compared to $598 million or 63 cents.

Google Inc (GOOG) climbed 3.4% or $38.41 to $1,173.80 after the search engine operator and smart phone operating system provider reported revenue in the fourth-quarter ending in December soared 17% to $16.86 billion.

Net earnings in the quarter climbed 16% to $3.38 billion or $9.90 a diluted share compared to $2.89 billion or $8.62.

L-3 Communications Holdings, Inc (LLL) gained 83 cents to $106.24 after the aerospace and defense contractor stated net sales in the fourth-quarter ending in December slipped 8.5% to $3.26 billion.

Net income in the quarter declined 7.5% to $196 million or $2.17 a diluted share compared to $212 million or $2.25.

MasterCard Inc (MA) plunged 5.3% or $4.20 to $75.56 after the payment technology provider revenues in the fourth-quarter ending in December climbed 12% to $2.1 billion.

Net income in the quarter advanced 3% to $623 million or 52 cents a diluted share compared to $605 million or 49 cents.

Unisys Corporation (UIS) surged 10.7% or $3.33 to $34.48 after the information technology provider said total revenues in the fourth-quarter ending in December rose 2% to $995.9 million.

Net income in the quarter surged 44% to $117.4 million or $2.37 a diluted share compared to $81.8 million or $1.67.

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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