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DAILY EARNINGS

AES, Emerson Electric Net Jump; Dentsply Sirona Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 12:24 PM EDT August 07 2018

11:45 PM New York The AES Corp second-quarter net surged to $290 million. Discovery second-quarter net tumbled 42% to $216 million. Dentsply Sirona second-quarter net loss widened to $1.1 billion. Emerson Electric third-quarter net surged 72% to $712 million. Zebra Technologies second-quarter net surged 72% to $70 million.

Tollbooth Index jumped 139.12 or 0.9% to 15,974.27 but for the year-to-date soared 16.1%.

Earnings Review

The AES Corporation (AES), the electrical power supplier said revenues in the second-quarter ending in June declined 8.5% from a year ago to $716 million.

Net income in the quarter surged to $290 million or 44 cents per diluted share from $53 million or 8 cents in the same quarter last year.

Discovery Inc, formerly Discovery Communications (DISCA), the television and media services provider reported revenues in the second-quarter ending in June surged 63% from a year ago to $2.8 billion.

Net income in the quarter tumbled 42.2% to $216 million or 30 cents per diluted share from $374 million or 64 cents in the same quarter last year.

The media services provider said domestic revenues in the quarter more than doubled to $1.8 billion from $890 million in the same period a year ago.

Dentsply Sirona Inc (XRAY), the dental supplies and equipment maker said revenues in the second-quarter ending in June jumped 5% from a year ago to $1 billion.

Net loss in the quarter widened to $1.1 billion or $4.98 per diluted share from $1.05 billion or $4.58 in the same quarter last year.

Dentsply lowered fiscal 2018 revenues growth forecast to 2% decline from the earlier estimate of 2% increase and diluted earnings per share in the range of $2 to 2.15 from the earlier estimate of $2.55 to $2.65.

Dean Foods Inc (DF), the food and beverage maker said net sales in the second-quarter ending in June rose 1% from a year ago to $1.9 billion.

Net in the quarter swung to a loss of $40.1 million or 44 cents per diluted share from profit of $17.6 million or 19 cents in the same quarter last year.

The food and beverage maker lowered fiscal 2018 diluted earnings per share forecast in the range of 32 cents to 52 cents from the earlier estimate of 55 cents to 80 cents.

Emerson Electric Company (EMR), the automation systems provider reported net sales in the third-quarter ending in June soared 10% from a year ago to $4.5 billion.

Net income in the quarter surged 72% to $712 million or $1.12 per diluted share from $413 million or 64 cents in the same quarter last year.

Emerson Electric lifted fiscal 2018 diluted earnings per share forecast in the range of $3.30 to $3.40 from the earlier estimate of $3.10 to $3.20.

Office Depot Inc (ODP), the office products and services provider stated sales in the second-quarter ending in June jumped 11% from a year ago to $2.6 billion.

Net income in the quarter slumped 33.3% to $16 million or 3 cents per diluted share from $24 million or 5 cents in the same quarter last year.

Zebra Technologies Corporation (ZBRA), the data capture and automatic identification solutions provider reported net sales in the second-quarter ending in June surged 12.9% from a year ago to $1 billion.

Net income in the quarter surged 72% to $70 million or $1.29 per diluted share from $17 million or 32 cents in the same quarter last year.

Zebra Technologies forecasted fiscal 2018 revenues growth in the range of 10% to 12%, operating margin of about 20% and free cash flow of at least $525 million.
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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