Honeywell, Starbucks Jump; BNY Mellon Falls

Mukesh Buch
23 Jan, 2015
New York City

Bank of New York Mellon net soared 21%. GE net surged 61%. Honeywell Intl edged up 0.9% after sales fell 0.9%. Intuitive Surgical net declined 12%. McDonald''''s net tumbled 21% and 7% decline in revenues. Starbucks profit surged 82%.

[R]12:10 PM New York – Bank of New York Mellon net soared 21%. GE net surged 61%. Honeywell Intl edged up 0.9% after sales fell 0.9%. Intuitive Surgical net declined 12%. McDonald''s net tumbled 21% and 7% decline in revenues. Starbucks profit surged 82%.[/R]

Tollbooth Index increased 0.6% or 63.89 to 10,166.88.

Earnings Review

Bank of New York Mellon Corp ((BK)) declined 3.4% or $1.33 to $37.39 after the financial service provider reported total revenues in the first-quarter ending in December rose 2.2% to $3.69 billion from a year ago period.

Net income in the quarter soared 21% to $807 million or 70 cents a diluted share compared to $667 million or 58 cents from the same quarter last year.

E*TRADE Financial Corp ((ETFC)) soared 8.2% or $1.86 to $24.51 after the financial service provider said total net revenues in the fourth-quarter ending in December jumped 3.4% to $461 million from a year ago period.

Net income in the quarter plunged 29.3% to $41 million or 14 cents a diluted share compared to $58 million or 20 cents from the same quarter last year.

First Horizon National Corp ((FHN)) rose 2 cents to $13.10 after the financial service provider stated net interest income in the fourth-quarter ending in December nearly flat at $179.4 million from a year ago period.

Net income in the quarter slumped 6% to $46.4 million or 20 cents a diluted share compared to $49.4 million or 21 cents from the same quarter last year.

General Electric Company ((GE)) gained 1.5% or 36 cents to $24.65 after the diversified technology and financial service provider reported total revenues in the fourth-quarter ending in December climbed 4% to $40 billion from a year ago period.

Net income in the quarter surged 61% to $5.15 billion or 51 cents a diluted share compared to $3.21 billion or 32 cents from the same quarter last year.

Honeywell International Inc ((HON)) climbed 3.1% or $3.09 to $102.48 after the industrial conglomerate stated net sales in the fourth-quarter ending in December fell 0.9% to $10.3 billion from a year ago period.

Net income in the quarter edged up 0.9% to $956 million or $1.20 a diluted share compared to $947 million or $1.19 from the same quarter last year.

Intuitive Surgical, Inc ((ISRG)) slipped $2.85 to $522.53 after the medical equipment maker said total revenues in the fourth-quarter ending in December increased 4.9% to $604.7 million from a year ago period.

Net income in the quarter declined 11.7% to $146.8 million or $3.94 a diluted share compared to $166.2 million or $4.28 from the same quarter last year.

McDonald's Corporation ((MCD)) slid 53 cents to $90.39 after the quick service restaurant operator said revenues in the fourth-quarter ending in December dropped 7% to $6.57 billion from a year ago period.

U.S. fourth quarter comparable sales decreased 1.7% and global comparable sales fell 0.9%.

Net income in the quarter tumbled 21% to $1.10 billion or $1.13 a diluted share compared to $1.40 billion or $1.40 from the same quarter last year.

Starbucks Corporation ((SBUX)) jumped 6.2% or $5.09 to $87.83 after the specialty coffee chain reported net revenues in the first-quarter ending in December soared 13% to $4.80 billion from a year ago period.

Comparable store sales in the quarter jumped 5% and traffic increased 2%. Comparable store sales in Americas climbed 5% and customer transactions increased about 9 million in the U.S. and approx 12 million worldwide from a year ago.

Net earnings in the quarter soared 81.8% to $983.1 million or $1.30 a diluted share compared to $540.7 million or 71 cents from the same quarter last year.