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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Before the opening bell on Friday, 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.
Moody’s Corp (MCO ) reported fourth quarter revenues of $877.5 million, which is up significantly from last year’s Q4 revenues of $779.2 million, and above analysts’ expectations of $851.3 million. Net income for the quarter came in at $236.3 million, or $1.12 per share, compared to last year’s Q4 net income of $206.7 million, or 94 cents per share. Analysts were expecting EPS of 95 cents. Looking ahead to FY2015, Moody’s sees EPS in the range of $4.55-$4.65, which is in-line with analysts’ expectations of $4.58.
CBOE Holdings (CBOE ) reported fourth quarter revenues of $166.5 million, which are up 17% over last year’s Q4 revenues of $141.8 million. Analysts were expecting $166.8 million in revenues. Net income allocated to common shareholders came in at $49.1 million, which is up 8% from last year’s $45.6 million. Q4 diluted EPS came in at 58 cents, up from 52 cents last year. On an adjusted basis, EPS came in at 64 cents, which is just above the analyst expectation of 63 cents.
Buckeye Partners L.P. (BPL ) reported fourth quarter revenue of $1.29 billion, up from last year’s $1.36 billion, but below analysts’ expectations of $1.69 billion. Net income for the quarter came in at $96.52 million, or 76 cents per share, compared to last year’s Q4 net loss of $82.75 million, or 73 cents per share. Income from continuing operations per shareholder came in at 82 cents, compared to last year’s 75 cents. Analysts were expecting EPS of 91 cents.