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Market Update

U.S. Movers: BlackRock, GE, Goldman Sachs, Google, IBM, PepsiCo


Author: Mukesh Buch
ticker.com
Last Update: 6:12 PM ET April 17 2014

12:15 PM New York General Electric net declined 15%. Goldman Sachs profit plunged 11%. Google net rose 2% but revenue soared 19%. IBM net plummeted 21% and revenue fell 4%. Morgan Stanley net surged 55%. PepsiCo net soared 13% on flat sales. UnitedHealth net declined 7%.

Baker Hughes Inc (BHI) climbed 4.1% or $2.77 to $69.07 after the oilfield service provider reported revenue in the first-quarter ending in March soared 10% to $5.73 billion.

Net income in the quarter jumped 11% to $328 million or 74 cents a diluted share compared to $267 million or 60 cents.

BlackRock, Inc (BLK) slipped 1.3% or $4.10 to $306.05 after the investment management services provider said revenue in the first-quarter ending in March climbed 9% to $2.67 billion.

Net income in the quarter soared 20% to $756 million or $4.40 a diluted share compared to $632 million or $3.62.

General Electric Company (GE) gained 2% or 52 cents to $26.66 after the industrial conglomerates reported revenues in the first-quarter ending in March decreased 2% to $34.2 billion.

Net earnings in the quarter declined 15% to $3 billion or 30 cents a diluted share compared to $3.53 billion or 34 cents.

Goldman Sachs Group Inc (GS) increased $1.21 to $158.43 after the investment bank and brokerage group said net revenues in the first-quarter ending in March declined 7.5% to $9.33 billion.

Net earnings in the quarter plunged 10.9% to $1.95 billion or $4.02 a diluted share compared to $2.19 billion or $4.29.

Google Inc (GOOG) declined 3.9% or $21.94 to $534.60 after the search engines provider reported revenue in the first-quarter ending in March soared 19% to $15.42 billion.

Net income in the quarter rose 2% to $3.45 billion or $5.04 a diluted share compared to $3.35 billion or $4.97.

International Business Machines Corp (IBM) declined 3.6% or $7.12 to $189.24 after the information technology reported revenue in the first-quarter ending in March dropped 4% to $22.5 billion.

Net income in the quarter plummeted 21% to $2.4 billion or $2.29 a diluted share compared to $3 billion or $2.72.

Morgan Stanley (MS) increased 3.3% or $1 to $30.89 after the investment bank and brokerage group stated revenues in the first-quarter ending in March jumped 10% to $8.93 billion.

Net earnings in the quarter surged 55% to $1.45 billion or 74 cents a diluted share compared to $936 million or 48 cents.

PepsiCo, Inc (PEP) increased 38 cents to $85.15 after the food and beverage maker said net revenue in the first-quarter ending in March nearly flat at $12.62 billion from $12.58 billion a year ago.

Net income in the quarter soared 13% to $1.22 billion or 79 cents a diluted share compared to $1.07 billion or 69 cents.

UnitedHealth Group Inc (UNH) dropped 3.6% or $2.66 to $75.53 after the healthcare company reported revenues in the first-quarter ending in March rose 5% to $31.7 billion.

Net income in the quarter declined 7.6% to $1.1 billion or $1.10 a diluted share compared to $1.19 billion or $1.16.

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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