Goldman Sachs Group Inc. (NYSE: GS) reported Tuesday that its second-quarter profit slumped 82% from last year, hurt by its settlement of U.S. Securities and Exchange Commission civil fraud charges and UK payroll tax. Net income declined to $453 million or 78 cents per share, from $2.718 billion or $4.93 per share in the year-ago quarter. Adjusted earnings totaled $2.75 per share in the latest quarter. Revenue dropped to $8.841 billion from $13.761 billion. Analysts, on average, expected the company to report earnings of $2.04 per share on revenue of $8.99 billion.
Johnson & Johnson, (NYSE: JNJ) said Tuesday that its second-quarter net income climbed 7.5% to $3.45 billion, or $1.23 a share, from $3.21 billion, or $1.15, in the comparable period last year. Adjusted earnings increased to $1.21 a share, from $1.15 in the year-ago quarter. Revenue rose 0.6% to $15.33 billion from $15.24 billion. Analysts, on average, expected the company to report earnings of $1.21 per share on revenue of $15.66 billion.
PepsiCo Inc. (NYSE: PEP) said Tuesday that its second-quarter net income dropped 3% to $1.6 billion, or 98 cents a share, from $1.7 billion, or $1.06 a share, in the year-earlier quarter. Core net income totaled $1.10 a share, or $1.09 a share after a currency adjustment. Revenue climbed to $14.8 billion from $10.6 billion. Analysts, on average, expected the company to report earnings of $1.08 per share on revenue of $14.41 billion.
UnitedHealth Group Inc. (NYSE: UNH) on Tuesday said that second-quarter net income climbed to $1.123 billion, or 99 cents a share, from $859 million, or 73 cents a share, in the year-ago period. Quarterly revenue grew 7% to $23.3 billion. Analysts, on average, expected the company to report earnings of 75 cents per share on revenue of $22.97 billion.
Peabody Energy Corp., (NYSE: BTU) said Tuesday that its second-quarter profit more than doubled to $206.2 million, or 76 cents a share, from $79.2 million, or 29 cents, in the corresponding period last year. Adjusted earnings from continuing operations rose to 69 cents a share from 50 cents. Revenue climbed to $1.66 billion from $1.34 billion. Analysts, on average, expected the company to report earnings of 63 cents per share on revenue of $1.68 billion.
Harley-Davidson Inc. (NYSE: HOG) reported Tuesday that its second-quarter net income jumped to $71.16 million, or 30 cents a share, from $19.75 million, or 8 cents a share, in the prior-year quarter. Earnings from continuing operations climbed to 59 cents a share, from 14 cents a share. Revenue remained relatively flat at $1.14 billion. Analysts, on average, expected the company to report earnings of 41 cents per share on revenue of $1.13 billion.
Whirlpool Corp. (NYSE: WHR) said Tuesday that its second-quarter net profit surged to $205 million, or $2.64 a share, from $78 million, or $1.04 a share, in the comparable quarter last year. Adjusted earnings totaled $2.82 per share in the latest quarter. Revenue grew 8.8% to $4.53 billion. Analysts, on average, expected the company to earn $2.17 per share on revenue of $4.50 billion.
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