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After the 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.
Whole Foods Market (WFM) reported first quarter revenues of $4.67 billion, up from last year’s Q1 sales of $4.24 billion. Net income for the quarter came in at $167 million, or 46 cents per share, compared to last year’s Q1 net income of $158 million, or 42 cents per share. WFM’s EPS beat analysts’ estimates of 45 cents, while revenues met the $4.67 billion expectation.
Cisco Systems (CSCO ) reported second quarter net income of $2.4 billion, or 46 cents per share, up from last year’s $1.4 billion, or 27 cents per share. On an adjusted basis, earnings came in at $2.7 billion, or 53 cents per share, compared to last year’s adjusted earnings of $2.5 billion, or 47 cents per share. Revenue for the quarter came in at $11.9 billion, marking an increase of 7% over last year’s Q2 revenues of $11.2 billion. CSCO beat analysts’ estimates of 51 cents EPS on revenues of $11.08 billion.
Cisco also announced an increase to its dividend, and will not have a quarterly payout of 21 cents, which is up from its previous dividend of 19 cents. The dividend is payable on April 22 to all shareholders on record as of April 2. The stock goes ex-dividend on March 31.
NVIDIA Corporation (NVDA ) reported fourth quarter revenues of $1.25 billion, up from last year’s Q4 revenues of $1.14 billion. Net income for the quarter came in at $193 million, or 35 cents per share, compared to last year’s Q4 figures of $173 million, or 31 cents per share. On a non-GAAP basis, EPS came in at 43 cents, marking a 34% increase over last year’s Q4 EPS of 32 cents. NVDA beat analysts’ estimates of 29 cents EPS on revenues of $1.2 billion. Looking ahead to next quarter, NVDA sees revenues of $1.16 billion, which is slightly above the analyst estimate of $1.15 billion.