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Market Update

Chipotle Sales Soar, Netflix Net Surges


Author: Mukesh Buch
ticker.com
Last Update: 7:00 AM ET July 22 2014

12:15 PM New York Comcast net soared 16%. Chipotle surged after net and sales climbed. Du Pont net jumped 4%. Coca-Cola profit fell 3%.Kimberly Clark net slipped 3%. Lockheed Martin net rose 4%. McDonald''s net slid 1%. United Technologies net soared 8%. Verizon net plunged 17%.

Tollbooth Index slipped 0.6% or 58.01 to 9,443.17.

Earnings Review

Comcast Corporation (CMCSA) gained 1.3% or 68 cents to $54.51 after the broadcasting and cable services provider reported revenue in the second-quarter ending in June jumped 3.5% to $16.84 billion from a year ago.

Net income in the quarter soared 15.9% to $2 billion or 76 cents a diluted share compared to $1.73 billion or 65 cents from a year earlier.

Chipotle Mexican Grill, Inc (CMG) surged 11.7% or $68.92 to $658.85 after the quick service restaurants operator said revenue in the second-quarter ending in June soared 28.6% to $1.05 billion from a year ago period. Comparable restaurant sales in the quarter climbed 17.3%.

Net income in the quarter jumped 25.5% to $110.3 million or $3.50 a diluted share compared to $87.8 million or $2.82 from a year earlier.

E I Du Pont De Nemours And Co (DD) slid 14 cents to $65.40 after the industrial conglomerates reported total sales in the second-quarter ending in June increased 1.1% to $10.1 billion a year ago.

Net income in the quarter gained 3.9% to $1.07 billion or $1.15 a diluted share compared to $1.03 billion or $1.11 from a year earlier.

The Coca-Cola Company (KO) declined 3% or $1.26 to $41.14 after the beverage maker reported net revenue in the second-quarter ending in June slid 1% to $12.57 billion a year earlier.

Net income in the quarter fell 3% to $2.60 billion or 58 cents a diluted share compared to $2.68 billion or 59 cents from a year earlier.

Kimberly Clark Corp (KMB) dropped 2.6% or $2.96 to $109.35 after the sanitary products maker net sales in the second-quarter ending in June rose 1.4% to $5.34 billion a year ago period.

Net income in the quarter slipped 3.2% to $509 million or $1.35 a diluted share compared to $526 million or $1.36 from a year earlier.

Lockheed Martin Corporation (LMT) jumped 2.2% or $3.60 to $166.59 after the security and aerospace company said net sales in the second-quarter ending on June 29 slid 0.9% to $11.31 billion a year ago period.

Net earnings in the quarter jumped 3.5% to $889 million or $2.76 a diluted share compared to $859 million or $2.64 from a year earlier.

McDonald''s Corporation (MCD) slipped 1.2% or $1.22 to $96.32 after the quick service restaurants operator reported revenue in the second-quarter ending in June grew 1% to $7.18 billion in the same quarter a year ago.

U.S. comparable sales in the quarter fell 1.5% and from Europe comparable sales fell 1% while global comparable sales were relatively flat.Asia/Pacific, Middle East and Africa comparable sales increased 1.1%.

Net income in the quarter dropped 1% to $1.39 billion or $1.40 a diluted share compared to $1.40 billion or $1.38 from a year earlier.

Netflix, Inc (NFLX) plunged 4.6% or $20.93 to $431.12 after the television network service provider stated revenue in the second-quarter ending in June surged 25.2% to $1.34 billion a year ago.

Net income in the quarter climbed 141% to $71.02 million or $1.15 a diluted share compared to $29.47 million or 86 cents from a year earlier.

United Technologies Corporation (UTX) slumped 1.9% or $2.22 to $110.76 after the aerospace and defense products maker said sales in the second-quarter ending in June climbed 7% to $17.2 billion a year ago.

Net earnings in the quarter soared 7.7% to $1.68 billion or $1.84 a diluted share compared to $1.56 billion or $1.70 from a year earlier.

Verizon Communications Inc (VZ) rose 14 to $50.84 after the wireless network services provider reported revenue in the second-quarter ending in June jumped 5.7% to $31.48 billion a year ago period.

Net income in the quarter plunged 16.8% to $4.32 billion or $1.01 a diluted share compared to $5.20 billion or 78 cents from a year earlier.

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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