Northern Trust, Netflix Soar; Fifth Third, IBM Drop

Mukesh Buch
21 Jan, 2015
New York City

Amphenol net and sales climbed 15%. Fifth Third Bancorp net declined 6%. IBM profit tumbled 11% on 12% decline in revenues. Northern Trust Corp net soared 44%. Netflix net climbed 72% on increase on subscribers. U.S. Bancorp net rose 2%. UnitedHealth net jumped 6%.

[R]12:00 PM New York – Amphenol net and sales climbed 15%. Fifth Third Bancorp net declined 6%. IBM profit tumbled 11% on 12% decline in revenues. Northern Trust Corp net soared 44%. Netflix net climbed 72% on increase on subscribers. U.S. Bancorp net rose 2%. UnitedHealth net jumped 6%.[/R]

Tollbooth Index gained 0.5% or 49.32 to 9,898.94.

Earnings Review

Amphenol Corporation ((APH)) climbed 3.5% or $1.84 to $54.19 after the fiber optic connector maker reported net sales in the fourth-quarter ending in December soared 14.4% to $1.43 billion from a year ago period.

Net income in the quarter climbed 15.2% to $193.5 million or 61 cents a diluted share compared to $167.9 million or 52 cents from the same quarter last year.

Fifth Third Bancorp ((FITB)) dropped 2.6% or 46 cents to $17.61 after the financial service provider said net interest income in the fourth-quarter ending in December fell 2% to $888 million from a year ago period.

Net income in the quarter declined 6% to $362 million compared to $383 million and diluted earnings per share were flat at 43 cents from the same quarter last year.

International Business Machines Corp ((IBM)) declined 3.1% or $4.86 to $152.09 after the information technology provider reported total revenues in the fourth-quarter ending in December plunged 11.9% to $24.11 billion from a year ago period.

Net income in the quarter tumbled 11.3% to $5.48 billion or $5.51 a diluted share compared to $6.19 billion or $5.73 from the same quarter last year.

Northern Trust Corporation ((NTRS)) surged 7.8% or $4.83 to $67.28 after the asset service provider stated total revenues in the fourth-quarter ending in December climbed 8% to $1.13 billion from a year ago period.

Net income in the quarter soared 44% to $244 million or 98 cents a diluted share compared to $169.7 million or 70 cents from the same quarter last year.

Netflix, Inc ((NFLX)) surged 17.9% or $62.39 to $411.19 after the online video service provider said revenues in the fourth-quarter ending in December soared 26% to $1.49 billion from a year ago period.

Net income in the quarter climbed 72% to $83.4 million or $1.39 a diluted share compared to $48.4 million or 79 cents from the same quarter last year.

The company added 4.3 million worldwide net subscribers in the quarter to TV and movie streaming service and added 2.43 million net subscribers in international markets and 1.9 million in the United States.

U.S. Bancorp ((USB)) jumped 2.3% or 93 cents to $42.14 after the financial service provider reported total net revenues in the fourth-quarter ending in December jumped 5.7% to $5.17 billion from a year ago period.

Net income in the quarter increased 2.2% to $1.42 billion or 79 cents a diluted share compared to $1.40 million or 78 cents from the same quarter last year.

UnitedHealth Group Inc ((UNH)) gained 2.9% or $3.02 to $108.64 after the diversified healthcare service provider said total revenues in the fourth-quarter ending in December advanced 7.4% to $33.4 billion from a year ago period.

Net income in the quarter jumped 5.6% to $1.51 billion or $1.55 a diluted share compared to $1.43 billion or $1.41 from the same quarter last year.