Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience


Pricing
Go Premium Now
Login
Best Dividend Stocks
Ex-Dividend Dates
High Yield Stocks
Strategies
Tools
Articles
Premium
Advisors
Guaranteed Income

duke energy logo in red and black

News

Earnings: Duke Energy, Fluor, Garmin (DUK, FLR, GRMN)

Mike Deane Feb 18, 2015


Before the opening 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.


Duke Energy Misses Q4 Estimates


Duke Energy (DUK ) reported fourth quarter revenues of $5.2 billion, up slightly from last year’s Q4 revenues of $5.14 billion. Reported EPS came in at 14 cents, compared to last year’s 97 cents, but on an adjusted basis, EPS came in at 86 cents, compared to last year’s $1. Duke missed analysts’ estimates of 88 cents EPS on revenues of $6.25 billion.


Garmin Misses EPS Estimates; Declares Dividend


Garmin (GRMN ) reported fourth quarter total sales of $803 million, up 6% from last year’s $759.7 million. EPS for the quarter came in at $1.09, up 31% from last year’s 83 cents. On an adjusted basis, EPS came in at 77 cents, which is up slightly from last year’s Q4 EPS of 76 cents. Analysts were expecting EPS of 78 cents on revenues of $789.9 million. Looking ahead, GRMN sees FY2015 EPS of $3.10, which is below analysts’ expectations of $3.24.

Garmin declared a quarterly dividend of 48 cents. The dividend will be payable on March 31, 2015, to stockholders of record on March 16, 2015, with an ex-dividend date of March 12, 2015.


Fluor Beats Q4 EPS Estimates


Fluor Corp (FLR ) reported fourth quarter revenues of $5.46 billion, down significantly from last year’s Q4 revenues of $6.29 billion. Earnings from continuing operations came in at $220.1 million, or $1.41 per share, compared to last year’s Q4 figures of $166.8 million, or $1.01 per share. FLR easily beat analysts’ EPS estimates of $1.10, while revenues came in below expectations of $5.78 billion.

Popular Articles