Citigroup. The New York-based bank said its earnings fell slightly in the third quarter after a $1 billion drop in revenue from its bond trading business and a slump in mortgage refinancing.
Net income for the July-September period fell to $3.26 billion from $3.27 billion in the same period a year ago after excluding an accounting gain and other one-time items. The earnings amount to $1.02 per share compared with $1.06 per share a year earlier.
Revenue fell to $18.2 billion compared with $19.2 billion a year earlier.
Coca-Cola. Third-quarter profit rose as sales volumes advanced in North America and the European business began to rebound.
Net income rose 5.9 percent to $2.45 billion, or 54 cents a share, in the three months ended Sept. 27, compared with a year earlier. Excluding some items, profit was 53 cents a share, in line with the average of 16 analysts’ estimates compiled by Bloomberg.
Revenue declined 2.5 percent to $12.03 billion.
Yahoo. The search-engine operator earned $297 million, or 28 cents per share, in the three months ending in September. That’s a 91 percent drop from nearly $3.2 billion, or $2.64 per share, at the same time last year.
Revenue fell 5 percent to $1.1 billion.
Intel. Third-quarter income was unchanged as the chip-maker struggles with a global slump in PC demand. Intel earned $2.95 billion, or 58 cents per share, compared with $2.97 billion, or 58 cents per share, in the same quarter of 2012.
Revenue also was unchanged at about $13.5 billion.
Analysts polled by FactSet expected a profit of 53 cents per share.
Johnson & Johnson. Rising prescription drug sales and continued recovery of Johnson & Johnson’s beleaguered consumer health business in the third quarter helped the health care giant overcome slumping medical device sales.
The maker of baby shampoo and immune-disorder drugs said Tuesday that net income rose to $2.98 billion, or $1.04 per share, up from $2.97 billion, or $1.05 per share, a year earlier. Excluding charges, it earned $1.36 per share, 4 cents per share more than expected.
Revenue rose 3 percent to $17.58 billion.
Corporate Earnings
