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Critical Facts You Need to Know About Preferred Stocks
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News
Before the opening bell on Thursday, 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.
Earnings
BlackRock, Inc. (BLK ) reported fourth quarter earnings of $813 million, or $4.77 per share, down from $841 million, or $4.86 per share, a year ago. Adjusted earnings came in at $821 million, or $4.82 per share, above analysts’ view of $4.70 per share.
Revenue
Revenue rose to $2.784 billion from last year’s $2.777 billion. On average, analysts expected to see $2.89 billion in revenue.
Earnings
Lennar Corporation (LEN ) posted fourth quarter net income of $245.32 million, or $1.07 per share, up from $164.08 million, or 73 cents per share, last year. On average, analysts expected to see EPS of 96 cents per share.
Revenue
Revenue increased to $2.58 billion from $1.92 billion a year ago. Analysts expected to see revenue of $2.59 billion.
Earnings
PPG Industries, Inc. (PPG ) posted fourth quarter earnings of $83 million, or 60 cents per share, compared to $254 million, or $1.78 per share, last year. Excluding special items, earnings were $293 million, or $2.11 per share – above analysts’ view of $1.99 per share.
Revenue
Revenue increased to $3.71 billion from $3.5 billion last year.. Analysts expected to see revenue of $3.64 billion.
Earnings
Fastenal Company (FAST ) reported fourth quarter earnings of $118.39 million, or 40 cents per share, up from $99.23 million, or 33 cents per share, last year. Analysts expected to see earnings of 39 cents per share.
Revenue
Revenue rose to $926.25 million from $813.76 million last year. Analysts expected to see revenue of $935.84 million.