S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
Market Update

Caterpillar Net Soar; Eli Lilly, Face Book, P&G, Qualcomm Net Fall


Author: Mukesh Buch
ticker.com
Last Update: 1:09 PM ET April 23 2015

1:05 PM New York 3M net slid 0.8%. BB&T net fell 2%. Caterpillar net soared 20%. Domino''s Pizza profit jumped 9%. Eli Lilly net tumbled 27%. eBay net swung to profit. Facebook net plunged 20%. GM profit surged eight-fold. PepsiCo net was flat. PG profit slumped 5%. Qualcomm net plummeted 46%.

Tollbooth Index increased 0.7% or 79.84 to 10,804.72.

Earnings Review

3M Company (MMM) declined 3.2% or $5.37 to $159.31 after the diversified technology company net sales in the first-quarter ending in March dropped 3.2% to $7.58 billion from a year ago period.

Net income in the quarter fell 0.8% to $1.20 billion or $1.85 per diluted share compared to $1.21 billion or $1.79 from the same quarter last year.

BB&T Corporation (BBT) dropped 2.3% or 91 cents to $37.96 after the financial services provider said total revenues in the first-quarter ending in March increased 1.3% to $2.34 billion from a year ago period.

Net income in the quarter fell 1.6% to $488 million or 67 cents per diluted share compared to $496 million or 68 cents from the same quarter last year.

Caterpillar Inc (CAT) slipped 0.6% or 55 cents to $84.32 after the construction and mining equipment maker reported sales and revenues slumped 4% to $12.70 billion from a year ago period.

Net income in the quarter soared 20% to $1.11 billion or $1.81 per diluted share compared to $922 million or $1.44 from the same quarter last year.

Domino''s Pizza, Inc (DPZ) surged 10.1% or $10.10 to $109.90 after the pizza retail chain said total revenues in the first-quarter ending in March climbed 10.6% to $502.03 million from a year ago period.

Domestic same store sales surged 14.5% and international same store sales climbed 7.8% that marked the 85th consecutive quarter of international same store sales growth.

Net income in the quarter jumped 9.2% to $46.3 million or 81 cents per diluted share compared to $40.5 million or 71 cents from the same quarter last year.

Eli Lilly and Co (LLY) rose 6 cents to $72.36 after the pharmaceutical products maker reported revenues in the first-quarter ending in March gained 1% to $4.64 billion from a year ago period.

Net income in the quarter tumbled 27% to $529.5 million or 50 cents per diluted share compared to $727.9 million or 68 cents from the same quarter last year.

For the year, the company forecasted revised earnings per share in the range of $2.21 to $2.31 compared to earlier estimate between $2.40 and $2.50 per share and revenue between $19.5 billion and $20 billion.

eBay Inc (EBAY) climbed 3.7% or $2.10 to $58.77 after the online market place operator stated net revenues in the first-quarter ending in March jumped 4% to $4.45 billion from a year ago period.

Net income in the quarter swung to profit $626 million or 51 cents per diluted share compared to a loss of $2.33 billion or $1.82 from the same quarter last year.

Facebook Inc (FB) slid 66 cents to $83.79 after the social networking website operator said revenues in the first-quarter ending in March increased 1% to $3.54 billion from a year ago period.

Net income in the quarter plunged 20.3% to $509 million or 18 cents per diluted share compared to $639 million or 25 cents from the same quarter last year.

General Motors Company (GM) slumped 3.8% or $1.41 to $35.75 after the automobiles company said revenues in the first-quarter ending in March declined 4.5% to $35.7 billion from a year ago period.

Net income in the quarter surged eight-fold to $0.9 billion or 56 cents per diluted share compared to $0.1 billion or 6 cents from the same quarter last year.

PepsiCo, Inc (PEP) slipped 1.1% or $1.10 to $96.18 after the food and beverage company reported net revenues in the first-quarter ending in March dropped 3% to $12.22 billion from a year ago period.

Net income in the quarter was flat at $1.22 billion or 81 cents per diluted share compared to 79 cents from the same quarter last year.

Procter & Gamble Co (PG) decreased 1.2% or $1.01 to $81.42 after the consumer packaged goods maker reported net sales in the third-quarter ending in March declined 8% to $18.14 billion from a year ago period.

Net income in the quarter slumped 5% to $3.13 billion or 85 cents per diluted share compared to $3.31 billion or 87 cents from the same quarter last year.

Qualcomm, Inc (QCOM) decreased 1.6% or $1.07 to $67.88 after the communications products maker reported revenues in the second-quarter ending on March 29 climbed 8% to $6.9 billion from a year ago period.

Net income in the quarter plummeted 46% to $1.1 billion or 63 cents per diluted share compared to $2 billion or $1.14 per share from the same quarter last year.

  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc