Alphabet, Amazon, Merck Net Soar; Exxon Mobil, Ford Net Decline

Mukesh Buch
29 Jul, 2016
New York City

Alphabet net soared 43%. Amazon.com net and revenues surged. Chevron net swung to a loss and revenues plunged 24%. Exxon Mobil net tumbled 59% on 22% drop in revenues. Ford profit declined 9% but sales jumped. Merck profit soared 76%. United Parcel net rose 3%.

[R]12:00 PM New York – Alphabet net soared 43%. Amazon.com net and revenues surged. Chevron net swung to a loss and revenues plunged 24%. Exxon Mobil net tumbled 59% on 22% drop in revenues. Ford profit declined 9% but sales jumped. Merck profit soared 76%. United Parcel net rose 3%.[/R]

Tollbooth Index increased 55.64 or 0.5% to 11,148.66.

Earnings Review

Alphabet Inc ((GOOG)) jumped 4.2% or $31.46 to $777.37 after the search engine services provider reported revenues in the second-quarter ending in June advanced 21.3% from a year ago to $21.50 billion.

Net income in the quarter soared 43.1% to $4.88 billion or $7 per diluted share compared to $3.41 billion or $4.93 per share from the same quarter last year.

Amazon.com, Inc ((AMZN)) gained 1.6% or $12.09 to $764.80 after the online market place said total sales in the second-quarter ending in June jumped 31.1% from a year ago to $30.40 billion.

Net income in the quarter surged to $857 million or $1.78 per diluted share compared to $92 million or 19 cents per share from the same quarter last year.

Chevron Corporation ((CVX)) fell 32 cents to $101.47 after the petroleum refiner stated revenues in the second-quarter ending in June plunged 24.3% from a year ago to $30.40 billion.

Net in the quarter swung to a loss of $1.5 million or 78 cents per diluted share compared to profit of $571 million or 30 cents per share from the same quarter last year.

Exxon Mobil Corporation ((XOM)) dropped 2.1% or $1.88 to $88.31 after the oil and gas producer said revenues in the second-quarter ending in June declined 22.2% from a year ago to $57.69 billion.

Net income in the quarter tumbled 59.4% to $1.70 billion or 41 cents per diluted share compared to $4.19 billion or $1 per share from the same quarter last year.

Ford Motor Company ((F)) rose 3 cents to $12.74 after the passenger car and trucks maker reported total revenues in the second-quarter ending in June jumped 5.9% from a year ago to $39.49 billion.

Net income in the quarter declined 8.8% to $1.97 billion or 49 cents per diluted share compared to $2.16 billion or 54 cents per share from the same quarter last year.

Merck & Co., Inc ((MRK)) increased 34 cents to $58.77 after the healthcare products maker stated revenues in the second-quarter ending in June edged up 0.5% from a year ago to $9.84 billion.

Net income in the quarter jumped 76.1% to $1.21 billion or 43 cents per diluted share compared to $687 million or 24 cents per share from the same quarter last year.

United Parcel Service, Inc ((UPS)) slipped 57 cents to $108.15 after the package delivery services provider said revenues in the second-quarter ending in June gained 3.8% from a year ago to $14.63 billion.

Net income in the quarter advanced 3.2% to $1.27 billion or $1.43 per diluted share compared to $1.23 billion or $1.35 per share from the same quarter last year.