eBay, Union Pacific Net Climb; United Swings to a Profit

Mukesh Buch
23 Jan, 2014
New York City

Baxter net plunged 34% despite sales increase of 16%. eBay revenue and profit jumped 13%. Johnson Controls net surged 30%. Lockheed Martin net declined 14%. McDonald''s net rose 1%. SanDisk profit surged 58%.Union Pacific Corp net climbed 13%.

[R]11:40 AM New York – Baxter net plunged 34% despite sales increase of 16%. eBay revenue and profit jumped 13%. Johnson Controls net surged 30%. Lockheed Martin net declined 14%. McDonald's net rose 1%. SanDisk profit surged 58%.Union Pacific Corp net climbed 13%.[/R]

Baxter International Inc ((BAX)) rose 52 cents to $70.26 after the diversified healthcare company said net sales in the fourth-quarter ending in December climbed 16% to $4.37 billion.

Net income in the quarter plunged 34% to $326 million or 59 cents a diluted share compared to $494 million or 89 cents.

For the first quarter, the company expects sales growth in the range of 13% to 14%.

Baxter expects sales growth in 2014 between 9% and 10% and diluted earnings per share in the range of $4.80 to $5.00.

eBay Inc. ((EBAY)) gained 18 cents to $54.60 after the online marketplace service provider said total revenues in the fourth-quarter ending in December jumped 13% to $4.5 billion.

Net income in the quarter climbed 13% to $850 million or 65 cents a diluted share compared to $751 million or 57 cents.

Johnson Controls, Inc. ((JCI)) declined 4.1% or $2.09 to $49.47 after the automotive parts maker reported net sales in the first-quarter ending in December advanced 5% to $10.9 billion.

Net earnings in the quarter surged 30% to $505 million or 69 cents a diluted share compared to $389 million or 52 cents.

Lockheed Martin Corporation ((LMT)) slipped 2% or $3.20 to $154.04 after the aerospace company stated net sales in the fourth-quarter ending in December dropped 5% to $11.5 billion.

Net earnings in the quarter declined 14% to $488 million or $1.50 a diluted share compared to $569 million or $1.73.

McDonald's Corporation ((MCD)) gained 38 cents to $95.25 after the restaurants operator reported revenue in the fourth-quarter ending in December rose 2% to $7.09 billion.

Net income in the quarter grew 1% to $1.40 billion or $1.40 a diluted share compared to $1.39 billion or $1.38.

U.S., comparable sales in the fourth quarter decreased 1.4% and comparable sales in Europe rose 1%. Global comparable sales decrease of 0.1%.

SanDisk Corporation ((SNDK)) slumped 2.1% or $1.55 to $70.59 after the data storage solution provider said revenue in the fourth-quarter ending in December climbed 12% to $1.73 billion.

Net income in the quarter surged 57.9% to $338 million or $1.45 per diluted share compared to $214 million or 87 cents.

United Continental Holdings Inc ((UAL)) declined 3.1% or $1.53 to $47.65 after the airline company reported total revenue in the fourth-quarter ending in December jumped 7.2% to $9.3 billion.

Net in the quarter swung to a profit to $140 million or 37 cents a diluted share compared to a loss of $620 million or $1.87.

Union Pacific Corporation ((UNP)) jumped 3.1% or $5.24 to $173.64 after the railroad services provider stated total revenue in the fourth-quarter ending in December jumped 7% to $5.63 billion.

Net income in the quarter climbed 13% to $1.17 billion or $2.55 a diluted share compared to $1.04 billion or $2.19.