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Earnings: Texas Instruments Incorporated, Graco Inc., Zions Bancorporation (TXN, GGG, ZION)

Mike Deane Jan 26, 2015


After the bell on Monday, 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.


Graco Beats Revenue Estimates, but Misses on Earnings


Graco Inc. (GGG ) reported fourth quarter revenues of $306 million, which is up 13% from last year’s Q4 revenues of $271.9 million. Net earnings for the quarter came in at $49 million, or 80 cents per share, compared to last year’s Q4 earnings of $44.7 million, or 71 cents per share. Graco beat analysts’ revenue estimates of $299.85 million, but EPS came in below the 84 cents expectation.


Zions Bancorp Misses Q4 EPS Estimates


Zions Bancorp (ZION ) reported fourth quarter earnings of $73.2 million, or 36 cents per diluted share, compared to last year’s Q4 loss of $54.9 million, or 32 cents per share. ZION misses analysts’ EPS estimates of 43 cents per share.

ZION chairman and CEO Harris H. Simmons had the following comments: “We are encouraged with the continued strength of our capital and credit quality and believe the Company is well positioned for the next several quarters and years. Unemployment in our footprint has declined faster than the national average while job creation and household formation is faster than the national rate. However, we are exercising caution on lending and maintaining strong discipline with our underwriting standards and concentration limits.”


Texas Instruments Meets Q4 Expectations


Texas Instruments (TXN ) reported fourth quarter revenues of $3.27 billion, marking an 8% increase over last year’s Q4 revenues of $3.03 billion. Analysts were expecting $3.26 billion in revenues. Net income for the quarter came in at $825 million, which is up 61% over last year’s Q4 figure of $511 million. Fourth quarter EPS came in at 76 cents, up from last year’s Q4 EPS of 46 cents. Excluding special items, EPS came in at 69 cents, matching analysts’ estimates.

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