Loews Swings to Profit, McDonald

Mukesh Buch
09 Feb, 2015
New York City

Boardwalk Pipeline net surged 89% but revenues fell 3%. CNA Financial net plunged 10% on 7% decline in revenues. Hasbro profit soared 13%. Loews net swung to profit while revenues slumped 7%. McDonald''s global same-store sales in January declined 1.8%.

[R]11:55 AM New York – Boardwalk Pipeline net surged 89% but revenues fell 3%. CNA Financial net plunged 10% on 7% decline in revenues. Hasbro profit soared 13%. Loews net swung to profit while revenues slumped 7%. McDonald''s global same-store sales in January declined 1.8%.[/R]

Tollbooth Index edged down 0.1% or 13.17 to 10,201.72.

Earnings Review

Boardwalk Pipeline Partners, LP ((BWP)) rose 7 cents to $16.06 after the gas pipeline system provider said revenues in the fourth-quarter ending in December fell 3% to $304.6 million from a year ago period.

Net income in the quarter surged 89% to $36.8 million or 15 cents a diluted share compared to $19.5 million or 8 cents from the same quarter last year.

CNA Financial Corp ((CNA)) gained 2.9% or $1.20 to $41.70 after the insurance company reported total revenues in the fourth-quarter ending in December declined 7% to $2.39 billion from a year ago period.

Net income in the quarter plunged 10% to $198 million or 73 cents a diluted share compared to $221 million or 82 cents from the same quarter last year.

Hasbro, Inc ((HAS)) climbed 6.7% or $3.71 to $59.45 after the toy and entertainment products maker stated net revenues in the fourth-quarter ending on December 28 rose 1.5% to $1.30 billion from a year ago period.

Net income in the quarter soared 13.1% to $169.9 million or $1.34 per diluted share compared to $129.8 million or 98 cents from the same quarter last year.

Loews Corporation ((L)) increased 11 cents to $40.85 after the property and casualty insurer reported total revenues in the fourth-quarter ending in December slumped 6.9% to $3.52 billion from a year ago period.

Net in the quarter swung to profit $208 million or 55 cents a diluted share compared to a loss of $198 billion or 51 cents from the same quarter last year.

McDonald''s Corporation ((MCD)) dropped 1.3% or $1.19 to $92.80 after the quick service restaurant operator reported global same-store sales in January declined 1.8% and sales in the Asia/Pacific, Middle East and Africa region plunged 12.6%.

In January, comparable U.S. increased 0.4% and in the European region rose 0.5% while system-wide sales for the month decreased 7.9%.

Mercury General Corporation ((MCY)) plunged 5.3% or $3.18 to $57.02 after the insurance company said net premium written in the fourth-quarter ending in December increased 4.4% to $697.3 million from a year ago period.

Net in the quarter swung to a loss of $20.96 million or 38 cents a diluted share compared to profit of $15.38 million or 28 cents from the same quarter last year.

WEX Inc ((WEX)) gained 16 cents to $98.20 after the card payment solution provider said total revenues in the fourth-quarter ending in December soared 16% to $211.9 million from a year ago period.

Net income in the quarter climbed 13.1% to $47.9 million or $1.23 a diluted share compared to $34.5 million or 88 cents from the same quarter last year.

For the first-quarter, the company forecasted revenue in the range of $192 million to $201 million and adjusted net income between $37 million to $40 million.

For the year, the company estimated revenue between $860 million to $890 million and adjusted net income in the range of $191 million to $203 million.