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News

Earnings: Broadcom, C.R. Bard, Chubb Corp, More (BRCM, BCR, CB, More)

Mike Deane Jan 29, 2015


After the bell on Thursday, 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.


Broadcom Beats Q4 Estimates; Declares Dividend


Broadcom (BRCM ) reported fourth quarter revenues of $2.14 billion and adjusted EPS of 90 cents. Last year’s Q4 saw revenues of $2.26 billion and adjusted EPS of 60 cents. BRCM beat analysts’ estimates of 87 cents EPS on revenues of $2.11 billion. Broadcom’s board of directors declared a quarterly dividend of 14 cents, which will be paid on March 2 to all shareholders on record as of February 13.


C.R. Bard Beats Q4 Estimates


C.R. Bard (BCR ) reported fourth quarter revenues of $867.2 million, which are up from last year’s Q4 revenues of $791.3 million. Net income for the quarter came in at $134.2 million, or $1.72 per diluted share, compared to last year’s Q4 net income of $667.5 million, or $8.28 per diluted share. On an adjusted basis, EPS came in at $2.29, which is up from last year’s $1.63. BCR beat analysts’ expectations of $2.27 EPS on revenues of $855.02 million.


HanesBrands Posts Higher Q4 Results


HanesBrands (HBI ) reported fourth quarter sales of $1.52 billion, up from last year’s $1.29 billion. Adjusted diluted EPS was up significantly, coming in at $1.46, compared to last year’s 98 cents. HBI beat analysts’ estimates of $1.43 EPS, while revenues came in just short of the $1.55 billion expectation.


Leggett & Platt Misses Q4 EPS Estimates


Leggett & Platt (LEG ) reported Q4 sales of $953.3 million, which is an increase of 11% over last year’s Q4 sales of $859.2 million. Net earnings for the quarter came in at $20.6 million, or 14 cents per diluted share, compared to last year’s Q4 net earnings of $5.6 million, or 4 cents per share. On an adjusted basis, LEG reported EPS of 41 cents, which is up 8% from last year’s 38 cents. LEG missed analysts’ EPS estimates of 44 cents, but revenues came in above the $947.24 million expectation.


Chubb Corp Beats Q4 EPS Estimates; Board Approves Buyback


Chubb Corp (CB ) reported fourth quarter net income of $558 million, or $2.35 per share, compared to last year’s Q4 net income of $569 million, or $2.24 per share. On an adjusted basis, Chubb reported EPS of $2.29, which is above analysts’ expectations of $2.12. The company’s net written premiums for the quarter came in at $3.1 billion, which is up from last year’s Q4 figure of $3.0 billion, and slightly below analysts’ expectations of $3.15 billion.

Chubb Corp’s board of directors approved a $1.3 billion share repurchase program. The program has no expiration date.

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