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Market Update

Express Scripts, Humana, MasterCard Climb; Kraft Foods, Time Warner Plunge


Author: Mukesh Buch
ticker.com
Last Update: 12:41 PM ET April 29 2015

12:20 PM New York – Bristol-Myers profit soared 27%. Express Scripts net surged 34%. GoPro net jumped more than double. Humana net jumped 17%. Kraft Foods net plunged 16%. Level 3 net rose 9%. MasterCard net soared 17%. Twitter net loss widened. Time Warner net tumbled 25%. Reuters net climbed 10%.

Tollbooth Index slipped 0.6% or 63.36 to 10,771.20.

Earnings Review

Bristol-Myers Squibb Co (BMY) fell 50 cents to $64.03 after the biopharmaceutical products maker reported total revenues in the first-quarter ending in March jumped 6% to $4.04 billion from a year ago period.

Net income in the quarter soared 27% to $1.19 billion or 71 cents per diluted share compared to $937 million or 56 cents from the same quarter last year.

Express Scripts Holding Company (ESRX) decreased 1.7% or $1.48 to $86.10 after the pharmacy benefit manager stated revenues in the first-quarter ending in March soared 54% to $363 million from a year ago period.

Net income in the quarter surged 34.4% to $441.1 million or 60 cents per diluted share compared to $328.3 billion or 42 cents from the same quarter last year.

GoPro Inc (GPRO) surged 13.4% or $6.14 to $53.23 after the photographic equipments maker said revenues in the first-quarter ending in March soared 54% to $363 million from a year ago period.

Net income in the quarter jumped more than double to $16.75 million or 11 cents per diluted share compared to $8.45 billion or 8 cents from the same quarter last year.

Humana Inc (HUM) plunged 6.6% or $11.98 to $169.13 after the health insurance company reported total revenues in the first-quarter ending in March climbed 18.1% to $13.83 billion from a year ago period.

Net income in the quarter jumped 16.8% to $430 million or $2.82 per diluted share compared to $368 million or $2.35 from the same quarter last year.

The insurer forecasted lowered its revenues forecast for the year between $54.25 billion and $54.75 billion from earlier estimated range of $54.50 billion to $55.00 billion and adjusted earnings per share in the range of $8.50 to $9.

Kraft Foods Group Inc (KRFT) rose 7 cents to $85.95 after the packaged food and beverage company said revenues in the first-quarter ending on March 28 edged down 0.2% to $4.35 billion from a year ago period.

Net income in the quarter plunged 16.4% to $429 million or 72 cents per diluted share compared to $513 million or 85 cents from the same quarter last year.

Level 3 Communications, Inc (LVLT) increased 1.7% or 95 cents to $55.61 after the communications services provider stated revenues in the first-quarter ending in March climbed 27.3% to $2.05 billion from a year ago period.

Net income in the quarter jumped 8.9% to $122 million or 35 cents per diluted share compared to $112 million or 48 cents from the same quarter last year.

MasterCard Inc (MA) gained 1.6% or $1.46 to $91.69 after the payment services provider reported net revenues in the first-quarter ending in March jumped 3% to $2.23 billion from a year ago period.

Net income in the quarter soared 17.2% to $1.02 billion or 89 cents per diluted share compared to $870 million or 73 cents from the same quarter last year.

MasterCard said processed transactions in the quarter soared 12% to 11 billion and the company’s customers issued 2.2 billion MasterCard and Maestro-branded cards.

The company reported worldwide purchase volume climbed 11.8% to $783 billion and gross dollar volume surged 12% to $1.1 trillion.

Twitter Inc (TWTR) declined 4.9% or $2.09 to $40.18 after the social networking site operator said revenues in the first-quarter ending in March surged 74% to $435.94 million from a year ago period.

Net loss in the quarter widened to $162 million or 25 cents per diluted share compared to $132.4 million or 23 cents from the same quarter last year.

Advertising revenue for the quarter surged 72% to $388 million and mobile advertising revenue was 89% of total advertising revenue and international revenue soared 109% to $147 million.

Twitter said average monthly active users in the quarter soared 18% to 302 million and an increase of 4 million from the fourth-quarter.

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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