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Market Update

Archer Daniels, Aetna, UPS Profit Tumble


Author: Mukesh Buch
ticker.com
Last Update: 11:59 AM ET February 03 2015

12:00 PM New York Archer Daniels net tumbled 87%. Anadarko net loss in the quarter narrowed. Aetna net plunged 37% but revenues soared 12%. Emerson Electric profit surged 14% on flat revenues. Hartford Financial net climbed 22%. LyondellBasell net declined 33%. United Parcel profit plummeted 61%.

Tollbooth Index jumped 0.7% or 71.06 to 10,104.32.

Earnings Review

Archer Daniels Midland Company (ADM) fell 37 cents to $47.80 after the food processing company reported revenues in the fourth-quarter ending in December declined 13.5% to $20.89 billion a year ago period.

Net income in the quarter tumbled 87.4% to $701 million or $1.08 a diluted share compared to $374 million or 56 cents from the same quarter last year.

Anadarko Petroleum Corporation (APC) jumped 2.7% or $2.24 to $85.01 after the oil and gas explorer said total revenues in the fourth-quarter ending in December dropped 4.8% to $3.18 billion a year ago period.

Net loss in the quarter narrowed to $395 million or 78 cents a diluted share compared to $770 million or $1.53 from the same quarter last year.

Aetna Inc (ATE) gained 63 cents to $92.85 after the diversified health care insurer reported total revenues in the fourth-quarter ending in December soared 12% to $14.77 billion a year ago period.

Net income in the quarter plunged 37% to $232 million or 65 cents a diluted share compared to $368.9 million or $1 from the same quarter last year.

Emerson Electric Co (EMR) slipped 56 cents to $58.44 after the technology and engineering company said revenues in the first-quarter ending in December were flat at $5.61 billion a year ago period.

Net income in the quarter surged 14% to $462 million or 65 cents a diluted share compared to $525 million or 75 cents from the same quarter last year.

Hartford Financial Services Group Inc (HIG) slid 17 cents to $39.39 after the insurance and financial service provider stated total revenues in the fourth-quarter ending in December dropped 3.3% to $4.62 billion a year ago period.

Net income in the quarter climbed 21.6% to $382 million or 96 cents a diluted share compared to $314 million or 79 cents from the same quarter last year.

LyondellBasell Industries NV (LYB) climbed 4% or $3.28 to $85.25 after the plastic resins and other chemical producer reported sales in the fourth-quarter ending in December plunged 7.6% to $10.29 billion a year ago period.

Net income in the quarter tumbled 33% to $791 million or $1.54 a diluted share compared to $1.18 billion or $2.11 from the same quarter last year.

United Parcel Service, Inc (UPS) decreased 35 cents to $99.78 after the package delivery company reported total revenues in the fourth-quarter ending in December climbed 6.1% to $15.89 billion a year ago period.

Net income in the quarter plummeted 61.2% to $453 million or 49 cents a diluted share compared to $1.68 billion or $1.25 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