Goldman Sachs, J&J, UnitedHealth Net Surge; Harley-Davidson Net Plunges

Mukesh Buch
18 Oct, 2016
New York City

BlackRock net rose 4%. Domino''s Pizza extended quarterly sales increase to 22nd quarter. Goldman Sachs net surged 58%. Grainger net fell 3% but revenues rose. Harley-Davidson net plunged 19%. IBM net slumped. J&J soared 24%. Philip Morris reported flat net. UnitedHealth net surged.

[R]2:10 PM New York – BlackRock net rose 4%. Domino''s Pizza extended quarterly sales increase to 22nd quarter. Goldman Sachs net surged 58%. Grainger net fell 3% but revenues rose. Harley-Davidson net plunged 19%. IBM net slumped. J&J soared 24%. Philip Morris reported flat net. UnitedHealth net surged.[/R]

Tollbooth Index jumped 85.23 or 0.8% to 10,921.90.

Earnings Review

BlackRock, Inc ((BLK)) gained $1.33 to $355.93 after the investment advisor said revenues in third-quarter ending in September fell 3% from a year ago to $2.8 billion.

Net income in the quarter jumped 4% to $875 million or $5.26 per diluted share compared to the $843 million or $5 per share from the same quarter last year.

Domino''s Pizza, Inc ((DPZ)) jumped 5.9% or $9.05 to $161.06 after the pizza restaurant chain stated revenues in the third-quarter ending in September advanced 16.9% from a year ago to $566.7 million.

Domestic same store sales in the quarter surged 13%, represents 22nd consecutive quarter of sales growth in the U.S. business and international same store sales jumped 6.6%, marked 91st quarterly same store sales growth.

Net income in the quarter soared 24.8% to $47.2 million or 96 cents per diluted share compared to the $37.8 million or 67 cents per share from the same quarter last year.

Goldman Sachs Group Inc ((GS)) gained 1.5% or $2.62 to $171.62 after the investment and banking services provider reported revenues in third-quarter ending in September soared 19% from a year ago to $8.17 billion.

Net income in the quarter surged 58% to $2.1 billion or $4.88 per diluted share compared to the $1.3 billion or $3.72 per share from the same quarter last year.

W W Grainger Inc ((GWW)) slumped 3.9% or $8.41 to $206.17 after the industrial maintenance services provider stated revenues in third-quarter ending in September rose 3% from a year ago to $2.6 billion.

Net income in the quarter fell 3% to $186 million or $3.05 per diluted share compared to the $192 million or $2.92 per share from the same quarter last year.

Grainger lifted revenues forecast in the year in the range 1.5% to 2.5% from earlier estimated range of 1% to 4% and earnings per share of $11.40 to $11.70 and between $11.20 and $12.20.

Harley-Davidson Inc ((HOG)) soared 5.8% or $2.85 to $52.55 after the motorcycles and scooters maker said revenues in the third-quarter ending in September slipped 3.8% from a year ago to $1.27 billion.

Net income in the quarter plunged 19% to $114.1 million or 64 cents per diluted share compared to the $140.3 million or 69 cents per share from the same quarter last year.

International Business Machines Corp ((IBM)) declined 3.5% or $5.48 to $149.29 after software services and systems maker reported total revenues in third-quarter ending in September slid 0.3% from a year ago to $19.23 billion.

Net income in the quarter slumped 3.4% to $2.85 billion or $2.98 per diluted share compared to the $2.95 billion or $3.01 per share from the same quarter last year.

Johnson & Johnson ((JNJ)) decreased 2.4% or $2.83 to $115.66 after the healthcare products maker reported revenues in third-quarter ending in September jumped 4.2% from a year ago to $17.8 billion.

Net income in the quarter soared 24% to $4.3 billion or $1.53 per diluted share compared to the $3.4 million or $1.20 per share from the same quarter last year.

Philip Morris International Inc ((PM)) rose 88 cents to $96.39 after the tobacco products maker said revenues in the third-quarter ending in September advanced 2.6% from a year ago to $19.9 billion.

Net income in the quarter was nearly flat at $1.94 billion and diluted earnings per share were flat at $1.25 per share from the same quarter last year.

UnitedHealth Group Inc ((UNH)) surged 7.2% or $9.65 to $143.68 after the diversified healthcare services provider reported total revenues in third-quarter ending in September soared 11.5% from a year ago to $46.3 billion.

Net income in the quarter surged 23.1% to $1.97 billion or $2.03 per diluted share compared to the $1.60 billion or $1.65 per share from the same quarter last year.

The healthcare group lifted fiscal 2016 earnings per share forecast to about $7.45 from the previously estimated range of $7.25 to $7.40.