Before Wednesday’s opening bell, a couple of big name, dividend paying companies announced their quarterly earnings. Below, we look at these earnings reports and break down the important points for investors.
Brown-Forman Reports Higher Q2 Results
Brown-Forman (BF-B ) reported earnings of $186 million, or 87 cents per share, up from $177 million, or 82 cents per share, a year ago. Revenue increased slightly to $1.09 billion from $1.08 billion last year. On average, analysts expected to see EPS of 87 cents and $1.12 billion in revenue.
Looking ahead to FY2015, the company expects to see EPS between $3.15 and $3.25. Analysts expect to see EPS of $3.24.
Abercrombie & Fitch
Shares of Abercrombie & Fitch (ANF ) plummeted on Wednesday morning after the company released disappointing holiday sales.
ANF reported earnings of $44.4 million, or 63 cents per share, down from $66.1 million, or 85 cents per share, a year ago. Revenue fell 14% to $1.12 billion. On average, analysts expected to see EPS of $1.15 and revenue of $1.17 billion.