Earnings: Prudential Financial, Allstate, Twenty-First Century Fox Inc (PRU, ALL, FOXA)
Mike Deane Feb 04, 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.
Allstate Beats Q4 Estimates; Raises Dividend
Allstate (ALL ) reported fourth quarter revenues of $8.8 billion, which is flat with last year’s Q4 revenues. Operating income for the quarter came in at $736 million, or $1.72 per share, compared to last year’s $781 million, or $1.70 per share. ALL beat analysts’ estimates of $1.62 EPS on revenues of $7.27 billion.
In addition to announcing its Q4 and year-end results, ALL also announced a raise to its dividend and a $3 billion share repurchase program. The company boosted its quarterly dividend to 30 cents from 28 cents. The dividend it payable on April 1 to all shareholders on record as of March 2.
Prudential Financial Misses EPS Estimates; Beats on Revenue
Prudential Financial (PRU ) reported fourth quarter revenues of $15.83 billion, which is up significantly from last year’s Q4 revenues of $10.98 billion, and far above analysts’ expectations of $12.31 billion. The company after-tax operating income per share came in at $2.12, which is down from last year’s Q4 figure of $2.20, and well below the analyst estimate of $2.38.
21st Century Fox Beats Q2 Estimates
21st Century Fox (FOXA ) reported second quarter total revenues of $8.06 billion, which are below last year’s Q4 revenues of $8.16 billion. Adjusted net income for the quarter came in at $1.13 billion, or 53 cents per share, up from last year’s Q2 net income of $756 million, or 33 cents per share. FOXA beat analysts’ estimates of 42 cents EPS on revenues of $7.35 billion.
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