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Mike Deane Jan 27, 2015
After the 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.
Amgen (AMGN ) reported fourth quarter revenues of $5.3 billion, which are up 6% from last year’s Q4 revenues of $5.01 billion. Adjusted net income came in at $1.67 billion, or $2.16 per share, compared to last year’s Q4 figures of $1.39 billion, or $1.82 per share. AMGN’s results beat analysts’ estimates of $2.05 EPS on revenues of $5.2 billion. For FY2015, AMGN reaffirmed guidance of revenue in the range of $20.8 billion to $21.3 billion and EPS in the range of $9.05 to $9.20.
International Game Technology Liquid error: internal reported first quarter revenues of $450.6 million, which are down 17% from last year’s Q1 revenues of $541.2 million. Net income for the quarter was also down, coming in at $35 million, or 14 cents per share, compared to last year’s Q1 figures of $79.2 million, or 31 cents per share. On an adjusted basis, EPS came in at 19 cents, which is 24% lower than last year’s Q1 adjusted EPS of 25 cents. IGT missed analysts’ estimates of 25 cents EPS on revenues of $487.61 million.
U.S. Steel (X ) reported fourth quarter sales of $4.07 billion, which is down from last year’s Q4 sales of $4.27 billion. For the quarter, U.S. Steel reported net income of $275 million, or $1.83 per diluted share, compared to last year’s Q4 figures of $297 million, or $1.93 per share. Analysts expected X to report EPS of 87 cents on revenues of $3.96 billion. Looking ahead, U.S. Steel sees adjusted income from continuing operations for FY2015 to be between $550 million and $850 million.
Western Digital Liquid error: internal reported second quarter revenues of $3.89 billion, which are down from last year’s Q2 revenues of $3.97 billion. Analysts were expecting revenues of $3.83 billion. Net income for the quarter came in at higher at $460 million, or $1.97 per diluted share, compared to last year’s Q2 figures of $430 million, or $1.77 per diluted share. On an adjusted basis, WDC reported EPS of $2.26, easily beating analysts’ expectations of $2.10.