Before the opening bell on Monday, a number 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.
Comcast Reports Higher Q1 Earnings
Comcast (CMCSA ) reported Q1 earnings of $2.1 billion, or 81 cents per share, up from $1.9 billion, or 71 cents per share, a year ago. Adjusted earnings were 79 cents per share – above analysts’ view of 74 cents per share.
Revenue increased 2.6% to $17.85 billion from $17.41 billion. Analysts expected to see revenue of $17.41 billion.
SYSCO Misses Q3 Estimates
SYSCO (SYY ) posted Q3 earnings of $176.96 million, or 30 cents per share, down from $180.94 million, or 31 cents per share, last year. Adjusted EPS came in at 40 cents – missing analysts’ view by a penny.
Revenue increased 4.2% to $11.7 billion, but missed analysts’ estimate of $11.98 billion.
Tyson Foods Posts Higher Q2 Results
Tyson Foods (TSN ) reported Q2 earnings of $310 million, or 75 cents per share, up from $213 million, or 60 cents per share, a year ago. Analysts expected to see EPS of 72 cents.
Sales increased to $9.979 billion from $9.032 billion. Analysts expected to see revenue of $10.11 billion.