Activision, Motorola Lift Outlook, Duke Energy Reports Strong Earnings

Mukesh Buch
04 Aug, 2017
New York City

Activision lifted revenues outlook. Ameren net surged on 7% jump in revenues. CBOE Holdings net soared 33%. CIGNA net surged 59%. Consolidated Edison net declined 25% on flat revenues. Duke Energy net jumped. Motorola lifted revenues forecast. Sempra Energy net jumped.

[R]2:10 PM New York – Activision lifted revenues outlook. Ameren net surged on 7% jump in revenues. CBOE Holdings net soared 33%. CIGNA net surged 59%. Consolidated Edison net declined 25% on flat revenues. Duke Energy net jumped. Motorola lifted revenues forecast. Sempra Energy net jumped.[/R]

Tollbooth Index gained 14.87 to 12,393.25.

Earnings Review

Activision Blizzard, Inc ((ATVI)) decreased 1.8% or $1.18 to $62.79 after the entertainment content developer and publisher reported total revenues in the second-quarter ending in June advanced 4% from a year ago to $1.6 billion.

Net income in the quarter surged 60.9% to $243 million or 32 cents per diluted share from $151 million or 20 cents in the same quarter last year.

In the third-quarter, the company estimated revenues of $1.4 billion and diluted earnings per share of about 9 cents from a year ago period.

The video game publisher forecasted fiscal 2017 revenues of about $6.4 billion and diluted earnings per share of about $1.05 from a year ago period befitted from higher digital sales and multi-player game “Overwatch”.

Ameren Corp ((AEE)) rose 6 cents to $57.06 after the utility provider stated revenues in the second-quarter ending in June advanced 7.1% from a year ago to $1.5 billion.

Net income in the quarter surged 31.3% to $193 million or 79 cents per diluted share from $147 million or 61 cents in the same quarter last year.

CBOE Holdings, Inc ((CBOE)) dropped 2.6% or $2.52 to $92.47 after the market indexes operator said total revenues in the second-quarter ending in June soared 85% from a year ago to $266.9 million.

Net income in the quarter jumped 33% to $67.3 million or 60 cents per diluted share from $50.7 million or 62 cents in the same quarter last year.

CIGNA Corporation ((CI)) declined 1.9% or $3.30 to $172.75 after the health care services provider reported revenues in the second-quarter ending in June increased 3.6% from a year ago to $10.3 billion.

Net income in the quarter soared 59.4% to $813 million or $3.15 per diluted share from $510 million or $1.97 in the same quarter last year.

Consolidated Edison, Inc ((ED)) slid 51 cents to $82.61 after the electric, gas and steam provider said revenues in the second-quarter ending in June were flat from a year ago to $2.3 billion.

Net income in the quarter declined 24.6% to $175 million or 57 cents per diluted share from $232 million or 77 cents in the same quarter last year.

Duke Energy Corp ((DUK)) fell 35 cents to $86.16 after the electricity provider reported total revenues in the second-quarter ending in June jumped 7.7% from a year ago to $5.6 billion.

Net income in the quarter soared 34.8% to $686 million or 98 cents per diluted share from $509 million or 74 cents in the same quarter last year.

The utility provider said profit soared driven by higher prices and electricity sales.

Motorola Solutions Inc ((MSI)) advanced 2.2% or $1.97 to $92.26 after the mobile devices, accessories and software maker stated sales in the second-quarter ending in June increased 5% from a year ago to $1.5 billion.

Net income in the quarter surged 22.4% to $131 million or 78 cents per diluted share from $107 million or 61 cents in the same quarter last year.

As of June 30, total backlog increased to $8.5 billion, an increase of $265 million from a year ago quarter and products segment backlog soared 15% to $204 million.

Motorola lifted fiscal 2017 revenue growth forecast in the range of 3% to 4% from the earlier estimate of 2% and earnings per share between $5.20 and $5.30 from the prior outlook of $5.08 to $5.23.

Sempra Energy ((SRE)) slid 1 cent to $116.02 after the multiline utilities provider reported revenues in the second-quarter ending in June jumped 13.6% from a year ago to $2.5 billion.

Net income in the quarter surged to $259 million or $1.03 per diluted share from $16 million or 6 cents in the same quarter last year.

Sempra lifted fiscal 2017 earnings per share estimate in the range of $4.95 to $5.25 compared to the previous guidance of $4.85 to $5.25.