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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 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.
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.