Toyota, Exxon: Thursday's Headlines

Thursday's Earnings Roundup

• Exxon Mobil (XOM) said it had second-quarter earnings of $1.60 a share on revenue of $92.5 million, compared to estimates for earnings of $1.46 a share on revenue of $98.5 billion.
• Motorola (MOT) reported second-quarter adjusted earnings of 9 cents a share on revenue $5.41 billion, compared to the Thomson First consensus for a profit of 8 cents a share on sales of $5.2 billion. Looking ahead, the handset maker offered in-line earnings guidance for the third quarter.
• Colgate Palmolive (CL) posted second-quarter earnings of $1.17 a share on sales of $3.81 billion, compared to the average analyst target for a profit of $1.16 a share on revenue of $3.94 billion.
• Kellogg (K) said it had adjusted earnings of 89 cents a share in the second quarter on revenue of $3.06 billion, falling below the consensus estimates for earnings of 94 cents a share andrevenue of $3.29 billion. Kellogg also lowered its full-year earnings guidance, citing challenges associated with the impact of the voluntary cereal recall as well as the current business environment.
• Northrop Grumman (NOC) reported second-quarter earnings of $2.34 a share on revenue of $8.83 billion, above the consensus estimate for earnings of $2.19 a share on revenue of $8.61 billion. Northrop said it expects full-year earnings of $6.60 to $6.80 a share, in line with the consensus target of $6.72 a share.

-- Written by Robert Holmes in Boston.

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