Dividend Investing Ideas Center
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Mike Deane Jan 20, 2015
Before the opening bell on Tuesday, 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.
Baker Hughes Liquid error: internal reported fourth quarter revenues of $6.64 billion, up from last year’s Q4 revenues of $5.86 billion. Net income for the quarter came in at $663 million, or $1.52 per diluted share, which is more than double last year’s Q4 figures of $248 million, or 56 cents per diluted share. BHI beat analysts’ estimates of $1.07 EPS on revenues of $6.41 billion.
Delta Air Lines Liquid error: internal reported fourth quarter revenues of $9.65 billion, up from last year’s $9.08 billion. Analysts expected revenue to come in at $9.57 billion for the quarter. The company reported a net loss for the quarter of $712 million, or 86 cents per share, compared to last year’s net income of $8.5 billion, or $9.89 per share. On an adjusted basis, DAL reported earnings of $649 million, or 78 cents per share, which beat analysts’ estimates of 77 cents per share.
M&T Bank (MTB ) reported fourth quarter EPS of $1.92, up from last year’s Q4 EPS of $1.56. Net income for the quarter came in at $278 million, which is above last year’s Q4 net income of $221 million. MTB missed analysts’ EPS estimates of $1.94.
MTB vice chairman and CFO René F. Jones had the following comments: “Results for this past year’s final quarter were solid. We had improved revenues, healthy loan growth, stable expense levels and excellent credit experience. Overall, 2014 represented a year of considerable investment in our infrastructure. Significant progress was made on our BSA/AML, compliance, risk management and technology initiatives that will position us well moving forward. In a year of substantial resource commitment, we further strengthened our already formidable balance sheet by raising our capital and liquidity levels.”