Kimberly-Clark, P&G Jump; Record Sales at Microsoft

Mukesh Buch
24 Jan, 2014
New York City

Bristol-Myers net declined 22%. Honeywell net surged. Kimberly-Clark profit doubled on flat sales. Microsoft net grew 3% after revenue soared 14%. Procter & Gamble net plunged 16%. State Street Corp net slid 1%.

[R]11:55 AM New York – Bristol-Myers net declined 22%. Honeywell net surged. Kimberly-Clark profit doubled on flat sales. Microsoft net grew 3% after revenue soared 14%. Procter & Gamble net plunged 16%. State Street Corp net slid 1%.[/R]

Bristol-Myers Squibb Company ((BMY)) dropped 3.2% or $1.74 to $52.21 after the biopharmaceutical company reported total revenues in the fourth-quarter ending in December advanced 6% to $4.44 billion.

Net earnings in the quarter plunged 22% to $726 million or 44 cents a diluted share compared to $925 million or 56 cents.

Covidien Plc ((COV)) jumped 2.7% or $2.19 to $69.01 after the healthcare company said net sales in the first-quarter ending in December increased 2.7% to $2.64 billion.

Net income in the quarter fell 9% to $398 million or 87 cents a diluted share compared to $439 million or $1.03.

Honeywell International Inc. ((HON)) fell 11 cents to $89.97 after the aerospace products maker stated sales in the fourth-quarter ending in December climbed 8% to $10.4 billion.

Net income in the quarter surged to $964 million or $1.19 a diluted share compared to $251 million or 32 cents.

Kimberly-Clark Corporation ((KMB)) climbed 3.2% or $3.19 to $108.61 after the sanitary products maker reported flat sales in the fourth-quarter ending in December at $5.3 billion.

Net income in the quarter doubled to $539 million or $1.40 a diluted share compared to $267 million or 68 cents.

Microsoft Corporation ((MSFT)) gained 1.8% or 66 cents to $36.72 after the software company reported revenue in the second-quarter soared 13.9% to $24.5 billion.

Net income in the quarter grew 2.8% to $6.56 billion or 78 cents a diluted share compared to $6.38 billion or 76 cents.

The Procter & Gamble Company ((PG)) soared 3.4% or $2.67 to $80.90 after the consumer products maker said net sales in the fourth-quarter ending in December nearly flat to $22.3 billion.

Net income in the quarter plunged 16% to $3.43 billion or $1.18 a diluted share compared to $4.06 billion or $1.39.

State Street Corporation ((STT)) declined 3.7% or $2.66 to $70.02 after the financial service provider stated total revenues in the fourth-quarter ending in December rose 0.4% to $2.46 billion.

Net income in the quarter slid 1.3% to $514 million or $1.15 a diluted share compared to $521 million $1.11.