Duke Energy Net Jump Despite Warmer Winter, Schein Posts Record Profit

Mukesh Buch
09 May, 2017
New York City

Aon net declined. Dean Foods net swung to loss but reaffirmed fiscal forecast. Duke Energy net jumped despite unseasonable mild weather. Henry Schein net surged on lower income tax expense and absence of restructuring costs. Office Depot struggles on weak customer store visits.

[R]12:40 PM New York – Aon net declined. Dean Foods net swung to loss but reaffirmed fiscal forecast. Duke Energy net jumped despite unseasonable mild weather. Henry Schein net surged on lower income tax expense and absence of restructuring costs. Office Depot struggles on weak customer store visits.[/R]

Tollbooth Index increased 16.57 to 12,207.48.

Earnings Review

Aon Plc ((AON)) gained 1.7% or $2.06 to $124.82 after the health and retirement services provider said revenues in the first-quarter ending in March jumped 5% from a year ago to $2.4 billion.

Net income in the quarter declined 10.5% to $291 million or $1.09 per diluted share from $325 million or $1.19 in the same quarter last year.

Dean Foods Co ((DF)) increased 2.7% or 52 cents to $19.62 after the food and beverages maker stated revenues in the first-quarter ending in March advanced 6.4% from a year ago to $2 billion.

Net in the quarter swung to a loss of $9.8 million or 11 cents per diluted share from profit of $39.2 million or 43 cents in the same quarter last year.

Dean Foods forecasted fiscal 2017 diluted earnings per share in the range of $1.35 to $1.55.

Duke Energy Corp ((DUK)) fell 32 cents to $82.60 after the energy services provider reported revenues in the first-quarter ending in March jumped 5.5% from a year ago to $5.7 billion.

Net income in the quarter rose 3.2% to $716 million or $1.02 per diluted share from $694 million or $1.01 in the same quarter last year.

Henry Schein, Inc ((HSIC)) advanced 2.6% or $4.50 to $179.52 after the healthcare products and services provider said revenues in the first-quarter ending in March soared 7.7% from a year ago to $2.9 billion.

Net income in the quarter surged 23.7% to $140.7 million or $1.76 per diluted share from $113.8 million or $1.37 in the same quarter last year.

Henry Schein estimated fiscal 2017 diluted earnings per share to jump between 16% and 18% or in the range of $7.17 to $7.30 from a year ago period.

Office Depot Inc ((ODP)) jumped 3.2% or 16 cents to $5.28 after the office furniture provider stated total sales in the first-quarter ending in March declined 7% from a year ago to $2.7 billion.

Net income in the quarter surged 152.2% to $116 million or 22 cents per diluted share from $46 million or 8 cents in the same quarter last year.

Office Depot said same-store sales in the North America retail business dropped 5% on weak customer visits to stores.

Valeant Pharmaceuticals Intl Inc ((VRX)) surged 18.4% or $1.79 to $11.50 after the Canada-based pharmaceutical products maker said total revenues in the first-quarter ending in March plunged 11% from a year ago to $2.1 billion.

Net in the quarter swung to profit $628 million or $1.79 per diluted share from a loss of $374 million or $1.08 in the same quarter last year.