Janus Capital Group
The Denver-based owner of the Janus, Intech and Perkins funds said second-quarter earnings rose 91 percent as stock-market gains boosted assets invested for clients.
Net income increased to $30.2 million, or 17 cents a share, from $15.8 million, or 10 cents a share, a year earlier, Janus said in a statement Thursday. Results beat the 14-cent average estimate of 16 analysts surveyed by Bloomberg.
Revenue rose 25 percent to $249.3 million, driven by a 30 percent jump in investment-management fees to $207.8 million.
ProLogis
Earnings excluding items declined as falling demand for storage and distribution centers cut rents.
First-quarter funds from operations excluding noncash items fell to $71 million, or 15 cents a share, from $78 million, or 19 cents a share, a year earlier, the Denver- based company said Thursday.
ProLogis had a net loss of $16.8 million, or 5 cents a share, after the payment of preferred dividends, compared with a profit of $245.2 million, or 58 cents a share, a year earlier.
AT&T
Profit rose 26 percent in the latest quarter, helped by strong results in its wireless business and a one-time gain on a stock sale.
AT&T said its net income rose to $4.02 billion, or 68 cents per share, in the April-June period, up from $3.2 billion, or 54 cents a share, a year ago. Revenue was $30.8 billion, compared with $30.7 billion a year ago.
Amazon
Second-quarter net income jumped, bolstered by shoppers who spent more.
But the Seattle-based company’s earnings fell below analysts’ expectations, and its stock fell in after-hours trading.
For the April-June quarter, earned $207 million, or 45 cents per share. That’s a 45 percent increase from $142 million, or 32 cents per share, in the same quarter last year. Revenue grew 41 percent to $6.6 billion.
Caterpillar
Second-quarter earnings shot up 91 percent on a big increase in sales of equipment for industries such as mining, infrastructure and energy.
The company, considered a bellwether of industrial activity, also raised its 2010 profit outlook Thursday. Caterpillar had net income of $707 million, or $1.09 per share. That was up from $371 million, or 60 cents per share, a year ago. Sales rose 31 percent to $10.4 billion.
Analysts were looking for 85 cents per share of earnings on revenue of $9.8 billion.
Microsoft
Net income surged 48 percent in the most recent quarter, the latest sign that businesses are again spending money on technology. For the April-June period, Microsoft’s net income jumped to $4.52 billion, or 51 cents per share, from $3.05 billion, or 34 cents per share, last year.
Revenue rose 22 percent to $16.04 billion. The results were stronger than Wall Street had expected.
Union Pacific
The nation’s biggest railroad says its recovery from recession is on track. Union Pacific said Thursday that second-quarter net income increased 53 percent to $711 million. All six of its business groups showed growth for the first time in six years. Net income equaled $1.40 per share, compared with $465 million, or 92 cents per share, a year earlier. Revenue was $4.18 billion.
3M
Optimism about the pace of the global economic recovery raised its full-year outlook Thursday. 3M’s second-quarter profit jumped 43 percent to $1.12 billion, or $1.54 per share, compared with $783 million, or $1.12 per share, a year earlier. Revenue rose to $6.73 billion from $5.72 billion a year ago.
