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Earnings: American Express Company, Discover Financial Services, More (AXP, DFS, More)

Mike Deane Jan 21, 2015


After the bell on Wednesday, 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.


American Express Beats Estimates


American Express (AXP ) reported fourth quarter revenues of $9.11 billion, which are up from last year’s Q4 revenues of $8.6 billion. Net income for the quarter came in at $1.5 billion, or $1.39 per share, which is up from last year’s Q4 net income of $1.31 billion, or $1.21 per share. Analysts were expecting EPS of $1.38 on revenues of $8.53 billion. AXP’s return on equity was 29.1%, up from last year’s 27.8%.


Discover Financial Services Posts Lower Q4 Earnings; Misses Estimates


Discover Financial Services (DFS ) reported fourth quarter net income of $404 million, or 87 cents per diluted share, compared to last year’s Q4 figures of $602 million, or $1.23 per diluted share. On an adjusted basis, EPS came in at $1.19. Revenue for the quarter came in at $2.04 billion, which is down from last year’s Q4 revenue of $2.19 billion. DFS missed analysts’ estimates of $1.30 EPS on revenues of $2.2 billion.


SanDisk Beats Q4 Estimates; Declares Dividend


SanDisk Corporation (SNDK ) reported fourth quarter revenues of $1.74 billion, which is up slightly compared to last year’s Q4 revenues of $1.73 billion. Net income for the quarter came in at $294 million, or $1.30 per share, which is down significantly from last year’s Q4 figures of $390 million, or $1.71 per share. SNDK beats analysts’ estimates of $1.27 EPS on revenues of $1.73 billion.

In addition to reporting its Q4 results, Sandisk declared a quarterly dividend of 30 cents per share. The dividend is payable on February 23 to all shareholders on record as of March 2. The stock goes ex-dividend date on February 26.


Xilinx Beats EPS Estimates, Misses on Revenue


Xilinx (XLNX ) reported third quarter revenues of $593.5 million, up slightly from last year’s Q3 revenues of $586.8 million. Net income for Q3 came in at $168.5 million, or 62 cents per share, compared to last year’s Q3 net income of $175.9 million, or 61 cents per share. XLNX beat analysts’ EPS estimates of 61 cents, but revenues missed estimates of $616.59 million.

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