Chevron, Hilton, Rockwell Net Climb; Starbucks Net Swings to Profit

Mukesh Buch
31 Oct, 2014
New York City

Chevron net soared 13% to $5.6 billion but revenue declined 7%. Exxon Mobil net rose 3% and revenue fell 4%. Hilton Worldwide profit and total revenues jumped 7%. Mohawk net climbed 7%. Rockwell Collins net surged 96%. Starbucks net swung to profit.

[R]11:45 AM New York – Chevron net soared 13% to $5.6 billion but revenue declined 7%. Exxon Mobil net rose 3% and revenue fell 4%.Hilton Worldwide profit and total revenues jumped 7%. Mohawk net climbed 7%. Rockwell Collins net surged 96%. Starbucks net swung to profit.[/R]

Tollbooth Index increased 0.7% or 64.05 to 9,612.42.

Earnings Review

Chevron Corporation ((CVX)) gained 1.1% or $1.31 to $118.48 after the petroleum refiner reported total revenues in the third-quarter ending in September declined 6.5% to $54.68 billion from a year ago period.

Net income in the quarter soared 12.9% to $5.59 billion or $2.95 a diluted share compared to $4.95 billion or $2.57 from a same quarter last year.

Exxon Mobil Corporation ((XOM)) jumped 1.7% or $1.57 to $96.01 after the petrochemicals company said total revenues in the third-quarter ending in September dropped 4.3% to $107.49 billion from a year ago period.

Net income in the quarter jumped 2.5% to $8.07 billion or $1.89 a diluted share compared to $7.87 billion or $1.79 from a same quarter last year.

Hilton Worldwide Holdings Inc ((HLT)) rose 20 cents to $25.10 after the hotels, motels and cruise operator reported total revenues in the third-quarter ending in September climbed 7.7% to $2.64 billion from a year ago period.

Net income in the quarter increased 7.2% to $987 million or 19 cents a diluted share compared to $921 million or 22 cents from a same quarter last year.

Mohawk Industries, Inc ((MHK)) climbed 4.4% or $6.04 to $141.78 after the carpets maker stated net sales in the third-quarter ending in September rose 1.5% to $1.99 billion from a year ago period.

Net earnings in the quarter climbed 7.2% to $151.3 million or $2.06 a diluted share compared to $119.1 million or $1.63 from a same quarter last year.

Rockwell Collins, Inc ((COL)) increased 1.4% or $1.18 to $84.09 after the aerospace and defense products maker total sales in the fourth-quarter ending in September soared 15% to $1.40 billion from a year ago period.

Net income in the quarter surged 95.5% to $167 million or $1.23 a diluted share compared to $175 million or $1.28 from a same quarter last year.

Starbucks Corporation ((SBUX)) dropped 2.2% or $1.70 to $75.62 after the specialty coffee restaurants operator reported total revenues in the fourth-quarter ending in September surged 10.3% to $4.18 billion from a year ago period. Global comparable store sales jumped 5%.

Net in the quarter swung to profit $587.9 million or 77 cents a diluted share compared to a loss of $1.23 billion or $1.64 from a same quarter last year.