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Earnings: Baker Hughes Incorporated, Delta Air Lines, Inc., M&T Bank Corporation (BHI, DAL, MTB)

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 Beats Q4 Estimates


Baker Hughes (BHI ) 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 Beats Estimates


Delta Air Lines (DAL ) 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 Misses Q4 EPS Estimates


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.”

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