11:55 AM New York City, New York – CVS Health beats quarterly results estimates. GrubHub surged after partnership with Yum Brand. Kellogg earnings and revenues were ahead of expectations. T-Mobile subscriber base increase to 325 million. Twitter soared after strong revenue growth.
Tollbooth Index declined 149.11 or 1.1% to 13,740.18.
CVS Health Corp
) dropped 2.1% or $1.59 to $72.85 after the drug retailer reported revenues in the fourth-quarter ending in December jumped 5.3% from a year ago to $48.4 billion.
Same store sales in the quarter rose 0.1% and pharmacy same store sales increased 0.4%. Front store same store sales declined 0.7%.
Net income in the quarter surged 92.6% to $3.3 billion or $3.22 per diluted share from $1.7 billion or $1.59 in the same quarter last year.
CVS Health forecasted fiscal first-quarter operating profit growth range betwee 0.5% to 4.5%.
) surged 28.9% or $20.22 to $91.22 after the online and restaurant pick-up and delivery orders services provider said revenues in the fourth-quarter ending in December soared 48.4% from a year ago to $205.1 million.
Net income in the quarter jumped to $53.5 million or 60 cents per diluted share from $13.6 million or 16 cents in the same quarter last year.
“The partnership with Yum!, which we announced this morning will accelerate the expansion of our delivery network and online ordering and driving more volume for all restaurants across our platform,” said chief executive officer Matt Maloney.
) jumped 2.3% or $1.49 to $65.70 after the ready-to-eat cereal provider reported net sales in the fourth-quarter ending in December advanced 3.6% from a year ago to $3.2 billion.
Net in the quarter swung to profit $428 million or $1.23 per diluted share from a loss of $53 million or 15 cents in the same quarter last year.
L Brands Inc
) rose 34 cents to $49.45 after the specialty retail said net sales of $1.04 billion in the five-week period ending on February 3 compared to sales of $805.2 million in the four-week period ended on January 28, 2017 and comparable sales in January soared 7%.
The retailer lifted fourth quarter earnings per share estimate of about $2.05 from the earlier estimate of $2.
T-Mobile US Inc
) dropped 2.5% or $1.56 to $60.49 after the wireless network services provider reported revenues in the year ending in December soared 8.3% from a year ago to $40.6 billion.
Net income in the year jumped to $4.5 billion or $5.20 per diluted share from $1.4 billion or $1.69 in the same quarter last year.
In 2018, T-Mobile estimated postpaid net customer additions between 2 million and 3 million and operating profit in the range of $11.3 billion to $11.7 billion.
As of December 30, T-Mobile covered 322 million people with 4G LTE and estimated 325 million subscribers by the end of fiscal 2018.
) declined 3.2% or $10.97 to $334.40 after the electric vehicles maker said revenues in the fourth-quarter ending in December surged 44.3% from a year ago to $3.3 billion.
Net loss in the quarter widened to $675.4 million or $4.01 per diluted share from $121.3 million or 78 cents in the same quarter last year.
soared 19.2% or $5.15 to $32.06 after the micro-blogging website operator said revenues in the fourth-quarter ending in December rose 2% from a year ago to $731.6 million.
Net in the quarter swung to profit $91.1 million or 12 cents per diluted share from a loss of $167.1 million or 23 cents in the same quarter last year.
Twitter''s average monthly active users jumped 4% from a year ago period.
Twitter estimated first-quarter operating profit between $185 million and $205 million and operating margin to be between 33% and 34%.
Tyson Foods, Inc
) gained 70 cents to $74.03 after the chicken, beef and pork provider reported net sales in the first-quarter ending in December jumped 10.9% from a year ago to $10.2 billion.
Net income in the quarter surged to $1.6 billion or $4.40 per diluted share from $593 million or $1.59 in the same quarter last year.