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Earnings: General Dynamics Corporation, T. Rowe Price Group Inc, Hess Corp., More (GD, TROW, HES, More)

Mike Deane Jan 28, 2015


Before the opening 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.


General Dynamics Beats Earnings and Revenue Estimates


General Dynamics (GD ) reported fourth quarter revenues of $8.36 billion, up from $8.05 billion last year. Analysts were expecting revenues of $8.03 billion. Net earnings for the quarter came in at $701 million, or $2.12 per share, compared to last year’s Q4 figures of $495 million, or $1.41 per share. Diluted earnings per share from continuing operations came in at $2.19, beating analysts’ estimates of $2.13.


T. Rowe Price Beats EPS Estimates


T. Rowe Price (TROW ) reported Q4 net revenues of $1.02 billion, up from last year’s Q4 revenues of $929.8 million. Net income came in at $315.9 million, or $1.18 per diluted share, up from last year’s Q4 figures of $287.7 million, or $1.06 per diluted share. TROW beat EPS estimates of $1.14, and revenues met analysts’ revenue expectations of $1.02 billion.


Hess Corp. Misses EPS Estimates


Hess Corp. (HES ) reported fourth quarter adjusted net income of $53 million, or 18 cents per share, which is down substantially from last year’s Q4 figures of $319 million, or 98 cents per share. Revenue also came in lower at $2.53 billion, compared to last year’s Q4 revenue of $3.11 billion. HES missed analysts’ EPS estimates of 23 cents, but beat revenue expectations of $2.34 billion.


AmerisourceBergen Beats Estimates; Raises Guidance


AmerisourceBergen (ABC ) reported first quarter revenues of $33.6 billion, marking a 15.1% gain over last year’s Q1 revenues of $29.2 billion. The company reported a net loss for the quarter of $200 million, or 91 cents per share, compared to last year’s net income of $41.4 million, or 17 cents per share. On an adjusted basis, ABC’s EPS from continuing operations came in at $1.14, marking a 42.5% increase from last year. The company beat analysts’ estimates of 97 cents EPS on revenues of $31.44 billion. Looking ahead, ABC sees FY2015 EPS in the range of $4.45 to $4.55, while analysts are expecting $4.51.


St. Jude Medical Matches Q4 Expectations


St. Jude Medical (STJ ) reported fourth quarter sales of $1.44 billion, marking a 1% increase from last year’s Q4 sales of $1.42 billion. Analysts were expecting $1.44 billion in sales. Net earnings for the quarter came in at $245 million, or 84 cents per diluted share, which is nearly double last year’s Q4 figures of $123 million, or 42 cents per share. On an adjusted basis, EPS came in at $1.03, matching analysts’ estimates. Looking to FY2015, STJ sees EPS in the range of 90 cents to 92 cents, while analysts are expecting 97 cents.


ADT Corp. Beats Q1 Estimates


ADT Corp. (ADT ) reported first quarter revenues of $887 million, marking a 5.7% increase over last year’s Q4 revenues of $839 million. Analysts were expecting revenues of $883.05 million. Net income came in at $72 million, or 41 cents per share, compared to last year’s Q1 figures of $77 million, or 39 cents per share. Not including special items, STJ’s EPS came in at 51 cents, beating analysts’ expectations of 49 cents.


Brinker International Beats Q2 Earnings and Revenue Expectations


Brinker International (EAT ) reported Q2 adjusted EPS of 71 cents, compared to last year’s Q4 figure of 59 cents. Revenues for the quarter came in at $742.9 million, which is up from last year’s $705.7 million. EAT beat analysts’ expectations of 69 cents EPS on revenues of $735.18 million.


Tupperware Beats EPS Estimates; Declares Dividend


Tupperware (TUP ) reported fourth quarter revenues of $679.9 million, which is down from last year’s Q4 revenues of $717.1 million. Net income for the quarter came in at $82.3 million, or $1.63 per diluted share, compared to last year’s Q4 figures of $89.7 million, or $1.74 per diluted share. Analysts were expecting $1.54 EPS on revenues of $675.4 million.

Tupperware declared a quarterly dividend of 68 cents, which is payable on April 3 to all shareholders on record as of March 18. The stock goes ex-dividend on March 16.

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