Earnings: Kimberly Clark Corp and Bank of New York Mellon (KMB, BK)
Shauna O'Brien Jan 23, 2015
Before the opening bell on Friday, a few big name, dividend paying companies announced their quarterly earnings. Below, we look at these earnings reports and break down the important points for investors.
Kimberly Clark Slips To Q4 Loss
Kimberly Clark Corp (KMB ) reported its fourth quarter financial results before the opening bell on Friday. The company posted a net loss of $83 million, or 22 cents per share, compared to net income of $539 million, or $1.40 per share, last year. Excluding special items, earnings were $1.35 per share, below analysts’ expectation of $1.37 per share. Revenue was $4.8 billion, below analysts’ view of $4.91 billion.
Looking forward, the company expects to see FY2015 EPS between $5.60 and $5.80 and sales growth between 3% and 5%. On average, analysts expect to see EPS of $6.00 and annual revenue of $19.84 billion.
Bank of New York Mellon Misses EPS Estimates
Before the opening bell, Bank of New York Mellon Corp (BK ) reported earnings of $807 million, or 70 cents per share, up from $513 million, or 44 cents per share, last year. Excluding special items, earnings were 58 cents per share – missing analysts’ view of 59 cents per share.
Revenue rose to $3.689 billion from $3.611 billion a year ago. Non-GAAP revenue fell to $3.665 billion. Analysts expected to see revenue of $3.80 billion.
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