Skip to Content

Stocks in the news: Microsoft, Honeywell, Fortune Brands, Whirlpool

Text SizeAAA

Filed under: Company News, Economy, Investing, Earnings, Microsoft, Amazon.com, Inc.

More

Microsoft Corp. (MSFT) on Friday reported lower quarterly earnings of 40 cents a share, but that surpassed analyst estimates by 8 cents a share. The maker of Windows software and Xbox games reported fiscal first-quarter earnings fell 18 percent to $3.57 billion from $4.37 billion a year ago. Revenue fell 14 percent to just under $13 billion. On Thursday, the iconic software maker unveiled the latest version of its Windows operating system and opened its first-ever retail store in Scottsdale, Ariz. Shares of the company were higher ahead of Wall Street's open, up more than 9 percent to $29.08 a share.

Honeywell International Inc. (HON) reported that earnings slipped in the third quarter amid a decline for demand of its products within all its divisions. The industrial conglomerate earned $608 million, or 80 cents a share, in the three months ending Sept. 30, down 15 percent from $719 million, or 97 cents a share, a year ago. Still, per-share earnings exceeded analyst expectations of 72 cents a share, according to a consensus estimate of 19 analysts, polled by Zacks.com. The company said it expects to earn 91 cents a share in the fourth quarter. Honeywell shares were up 1.4 percent to $39.05 in pre-market trading.

Fortune Brands Inc. (FO), maker of Moen faucets and Titleist golf equipment, reported that net income fell 63 percent to $124.1 million in the third quarter, down from $335.9 million a year ago. On a per-share basis, the company earned 82 cents a share, compared to $2.21 a year ago. Sales slipped 11 percent to $1.72 billion in the latest quarter, because of continued weakness in the home-products market.

Whirlpool Corp. (WHR) said Friday its third-quarter earnings fell by nearly half to $87 million, or $1.15 a share, from $163 million, or $2.15 a share, in the year-ago quarter. Revenues slipped 8 percent to $4.5 billion. Still, the company far exceeded analyst estimates of 77 cents a share. The world's largest appliance manufacturer also raised its full-year earnings guidance to $4.25 a share, from the previously stated range of $3.50 to $4.

Exelon Corp. (EXC) reported that third-quarter net income rose 8 percent to $757 million, or $1.14 a share, up from $700 million, or $1.06 a share, a year ago. Adjusted net income fell to 96 cents a share from $1.07 a share. Analysts expected the company to earn 95 cents a share, according to a Zacks estimate.

Investment adviser T. Rowe Price Group Inc. (TROW) said it earned $132.9 million, or 50 cents a share, on revenues of $498.1 million in the third quarter. Those results are lower than the $152.8 million, or 56 cents a share the company earned a year ago, when revenues totaled $554.8 million. The company said revenues derived from investment advising fell 10.4 percent compared to the same quarter last year.

Select analyst calls:

  • Amazon.com Inc. (AMZN) raised to outperform at FBR Capital (new target $130); raised to overweight at Barclays; raised to buy at Jefferies; raised to buy at Janney Montgomery.
  • Chubb Corp. (CB) cut to hold at Stifel Nicolaus.
  • GlaxoSmithKline (GSK) cut to hold at Jefferies.
  • PNC Financial Services Group Inc. (PNC) raised to overweight at Wells Fargo.
  • Valero Energy Corp. (VLO) raised to overweight at Barclays.

Reader Comments (Page 1 of 1)

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.

Interest Rates

5/1 ARM+4.06%APR: +3.75%
30 Yr.
Fixed Mort.
+5.03%APR: +5.16%
$30K
HELOC
+8.00%APR: 0.00%
30 Mo
New Car Loan
+6.77%APR: 0.00%
1 Yr. CD+1.57%APR: +1.58%
DailyFinance Writers
Melly Alazraki Melly Alazraki Financial writer and analyst
James Altucher James Altucher Financial columnist
Jeff Bercovici Jeff Bercovici Media columnist
Jonathan Berr Jonathan Berr Financial writer and media columnist
Mercedes Cardona Mercedes Cardona Retail reporter
Tim Catts Tim Catts Financial writer
Peter Cohan Peter Cohan Author, venture capitalist and financial writer
Carrie Coolidge Carrie Coolidge Financial writer
Lita Epstein Lita Epstein Financial writer
Sam Gustin Sam Gustin Technology Writer
Nikhil Hutheesing Nikhil Hutheesing Tech and investing editor
Joseph Lazzaro Joseph Lazzaro Markets and economics writer
Latif Lewis Michelle Leder Financial Columnist
Latif Lewis Latif Lewis Business news editor and management columnist
Anthony Massucci Anthony Massucci Senior writer and tech columnist
Doug McIntyre Doug McIntyre Business and investing news writer and editor
Michael Mercurio Michael Mercurio Managing Editor
Todd Pruzan Todd Pruzan Features editor
Michael Rainey Michael Rainey Editor and economics writer
Alex Salkever Alex Salkever Senior technology writer
David Schepp David Schepp Business News reporter
Matthew Scott Matthew Scott Investing reporter and editor
Dan Solin Daniel R. Solin Author, investment advisor and retirement expert
Amey Stone Amey Stone Executive editor
Bruce Watson Mark Svenvold Columnist, renewable energy
Russel Turk, M.D. Russell Turk, M.D. Healthcare policy columnist
Bruce Watson Bruce Watson Features Writer
my portfolios

Find out why more people track their portfolios on AOL Money & Finance than anywhere else.

Create a New Portfolio My Portfolios

Daily Finance Partners

More from the Weblogs Network