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DAILY EARNINGS

Mohawk, NVIDIA, Ventas NetSoar; ArcelorMittal, Aon Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 11:56 AM ET February 10 2017

12:00 PM New York ArcelorMittal fourth-quarter net tumbled 41% to $403 million. Aon fourth-quarter net declined 14% to $502 million. Mohawk Ind fourth-quarter net soared 22% to $234 million. NVIDIA fourth-quarter net jumped 216% to $655 million. Reynolds American fourth-quarter net surged 205% to $851 million.

Tollbooth Index increased 26.09 or 0.2% to 11,541.89.

Earnings Review

ArcelorMittal SA (MT), the Luxembourg-based steel producer reported revenues in the fourth-quarter ending in December rose 1% from a year ago to $14.1 billion.

Net income in the quarter tumbled 40.7% to $403 million or 13 cents per diluted share compared to $680 million or 22 cents per share in the same quarter last year.

ArcelorMittal received anti-trust approval from the European Commission to form a joint venture STEELCAME with the Cellino Group.

Activision Blizzard, Inc. (ATVI), the mobile and videogame publisher stated revenues in the fourth-quarter ending in December soared 42.9% from a year ago to $2.1 billion.

Net income in the quarter surged 59.7% to $254 million or 33 cents per diluted share compared to $159 million or 21 cents per share in the same quarter last year.

The videogame maker forecasted revenue in the first-quarter of about $1.55 billion and earnings per share of 25 cents.

Aon Plc (AON), the U.K.-focused insurance brokerage services provider said total revenues in the fourth-quarter ending in December rose 1% from a year ago to $3.3 billion.

Net income in the quarter declined 14% to $502 million or $1.87 per diluted share compared to $584 million or $2.09 per share in the same quarter last year.

Aon said operating margin decreased 290 basis points to 18.9%.

CBRE Group Inc (CBG), the real estate services provider stated revenues in the fourth-quarter ending in December increased 3% from a year ago to $3.8 billion.

Net income in the quarter jumped 46.6% to $263.9 million or 78 cents per diluted share compared to $180 million or 53 cents per share in the same quarter last year.

CBRE estimated earnings per share in 2017 in the range of $2.35 to $2.45.

Expedia Inc (EXPE), the online travel service provider said revenues in the fourth-quarter ending in December jumped 23% from a year ago to $2.1 billion.

Net in the quarter swung to profit $79.5 million or 51 cents per diluted share compared to a loss of $12.5 million or 9 cents per share in the same quarter last year.

Mohawk Industries, Inc (MHK), the carpets and curtains maker reported revenues in the fourth-quarter ending in December advanced 9% from a year ago to $2.2 billion.

Net income in the quarter soared 21.9% to $233.7 million or $3.13 per diluted share compared to $191.6 million or $2.57 per share in the same quarter last year.

Mohawk forecasted earnings per share in the first-quarter in the range of $2.64 to $2.73, representing increase between 11% and 15% from first-quarter 2016.

NVIDIA Corporation (NVDA), the video editing devices maker reported revenues in the fourth-quarter ending in December surged 57.1% from a year ago to $2.2 billion.

Net income in the quarter advanced 216.4% to $655 million or 99 cents per diluted share compared to $207 million or 35 cents per share in the same quarter last year.

Reynolds American, Inc (RAI), the cigarettes and tobacco products maker said revenues in the fourth-quarter ending in December advanced 3.2% from a year ago to $3.2 billion.

Net income in the quarter surged 205% to $851 million or 60 cents per diluted share compared to $279 million or 19 cents per share in the same quarter last year.

Ventas, Inc (VTR), the housing and healthcare properties developer reported revenues in the fourth-quarter ending in December increased 4.1% from a year ago to $875.7 million.

Net income in the quarter jumped 66.5% to $207.6 million or 58 cents per diluted share compared to $124.7 million or 37 cents per share in the same quarter last year.
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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