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Earnings: Analog Devices, Agilent, Devon Energy, More (ADI, A, DVN, More)

Mike Deane Feb 17, 2015


After the bell on Tuesday, 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.


Agilent Meets Q1 EPS Estimates


Agilent (A ) reported first quarter revenues of $1.03 billion, up 2% from last year’s Q1 revenues of $1.01 billion. Analysts were expecting Q1 revenues of $1.02 billion. Net income for the quarter came in at $72 million, or 21 cents per diluted share, compared to last year’s Q1 net income of $195 million, or 58 cents per diluted share. On an adjusted basis, A reported Q1 EPS of 41 cents, which matched analysts’ estimates.


Analog Devices Beats Estimates; Raises Dividend


Analog Devices (ADI ) reported first quarter revenues of $772 million, up from last year’s Q1 revenues of $628.24 billion, and above the analyst expectation of $760.55 million. Net income for the quarter came in at $178.76 million, or 57 cents per diluted share, up from last year’s Q1 net income of $152.6 million, or 48 cents per share. Non-GAAP EPS came in at 63 cents, which beat analysts’ estimates of 61 cents. Looking ahead, ADI sees Q2 EPS in the range of 70 cents to 74 cents, while analysts are expecting 70 cents.

In addition to reporting its earnings, ADI also announced an increase to its quarterly dividend, boosting its payout from 37 cents to 40 cents. The dividend will be payable on March 10, 2015, to stockholders of record on February 27, 2015, with an ex-dividend date of February 25, 2015.


Devon Energy Misses EPS Estimates


Devon Energy (DVN ) reported fourth quarter revenues of $6 billion, marking a 10% increase over last year, and easily beating the analyst estimate of $4.11 billion. Devon reported 83 cents EPS for the quarter, compared to last year’s loss of $1.01 per share, but still below the expectation of $1.05.


La-Z-Boy Misses Q3 Estimates


La-Z-Boy (LZB ) reported fourth quarter sales of $357.9 million, which are up 3.3% compared to last year’s Q3. Net income for the quarter came in at $17.8 million, or 34 cents per share, which is essentially flat with last year’s Q3 net income of $17.5 million, or 33 cents per share. LZB missed analysts’ estimates of 38 cents EPS on revenues of $367.9 million.

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