Aetna, McKesson Rise; MasterCard, Teva Pharma, Time Warner Net Decline

Mukesh Buch
29 Oct, 2015
New York City

Aetna net and sales fell. Altria net soared. ConocoPhillips net swung to a loss. Johnson Controls surged 13% but revenues decline 12%. MasterCard worldwide purchase volume in the quarter soared 12%. McKesson net and sales jumped. Teva Pharma net tumbled 88%. Time Warner net plunged 12%.

[R]2:00 PM New York – Aetna net and sales fell. Altria net soared. ConocoPhillips net swung to a loss. Johnson Controls surged 13% but revenues decline 12%. MasterCard worldwide purchase volume in the quarter soared 12%. McKesson net and sales jumped. Teva Pharma net tumbled 88%. Time Warner net plunged 12%.[/R]

Tollbooth Index edged up 6.54 to 11,006.02.

Earnings Review

Aetna Inc ((AET)) jumped 3.9% or $4.37 to $115.48 after the health care benefits company said total revenues in the third-quarter ending in September fell 2% from a year ago to $14.95 billion.

Net income in the quarter dropped 6% to $560.1 million or $1.59 per diluted share compared to $594.5 million or $1.67 per share from the same quarter last year.

Altria Group Inc ((MO)) rose 5 cents to $61.49 after the cigarettes and wine maker reported net revenues in the third-quarter ending in September rose 3.2% from a year ago to $6.7 billion.

Net income in the quarter soared 9.4% to $1.53 billion or 78 cents per diluted share compared to $1.40 billion or 71 cents per share from the same quarter last year.

Altria reaffirmed earnings per share forecast in the range of $2.76 to $2.81.

ConocoPhillips ((COP)) gained 1.1% or 56 cents to $53.90 after the oil and gas producer said net in the third-quarter ending in September swung to a loss of $1.07 billion compared to net income of $2.70 billion and diluted loss per share swung to a 87 cents from diluted earnings per share of $2.17.

Johnson Controls Inc ((JCI)) slipped 1.4% or 61 cents to $44.37 after the temperature regulation systems maker reported revenues in the fourth-quarter ending in September declined 12.1% from a year ago to $8.75 billion.

Net income in the quarter surged 12.9% to $349 million or 53 cents per diluted share compared to $309 billion or 46 cents per share from the same quarter last year.

MasterCard Inc ((MA)) increased 1.2% or $1.25 to $101.34 after the debit and credit card services provider reported revenues in the third-quarter ending in September rose 2% from a year ago to $2.5 billion.

Net income in the quarter fell 4.2% to $977 million or 86 cents per diluted share compared to $1.02 billion or 87 cents per share from the same quarter last year.

MasterCard said worldwide purchase volume in the quarter surged 12% to $852 billion and customers issued 2.2 billion MasterCard and Maestro-branded cards.

McKesson Corporation ((MCK)) advanced 3% or $5.53 to $187.94 after the medical and healthcare information provider said revenues in the second-quarter ending in September jumped 10% from a year ago to $48.8 billion.

Net income in the quarter surged 32% to $617 million or $2.63 per diluted share compared to $469 million or $1.99 per share from the same quarter last year.

McKesson forecasted diluted earnings per share for the year between $12.50 and $13.

MGM Resorts International ((MGM)) soared 6.3% or $1.36 to $23.12 after the casino resorts operator said revenues in the third-quarter ending in September slumped 8.4% from a year ago to $2.28 billion.

Net in the quarter swung to profit $66.4 million or 12 cents per diluted share compared to a loss of $20.3 billion or 4 cents per share from the same quarter last year.

New York Times Co ((NYT)) gained 1.7% or 22 cents to $13.27 after the media company stated revenues in the third-quarter ending in September rose 0.7% from a year ago to $367.4 million.

Net in the quarter swung to profit $9.42 million or 6 cents per diluted share compared to a loss of $12.5 billion or 8 cents per share from the same quarter last year.

Teva Pharmaceutical Industries Ltd ((TEVA)) dropped 2.8% or $1.73 to $60.60 after the pharmaceutical and drugs maker said revenues in the third-quarter ending in September dropped 5% from a year ago to $4.8 billion.

Net income in the quarter tumbled 88.2% to $103 million or 12 cents per diluted share compared to $876 million or $1.02 per share from the same quarter last year.

Time Warner Cable Inc ((TWC)) increased 2.1% or $3.87 to $189.12 after the cable service providers reported revenues in the third-quarter ending in September jumped 3.6% from a year ago to $5.92 billion.

Net income in the quarter plunged 12.4% to $437 million or $1.53 per diluted share compared to $499 million or $1.76 per share from the same quarter last year.

The company said residential video subscribers in the quarter dropped by 7,000 but internet customers jumped by 232,000 and residential triple play net additions increased by 218,000, the best quarterly gains since 2007.