After the bell on Wednesday, a few big name, dividend paying companies announced their quarterly earnings. Below, we look at these earnings reports and break down the important points for investors.
L Brands Beats Q4 EPS Estimates
L Brands (LB) reported fourth quarter revenues of $4.07 billion, up from last year’s Q4 sales of $3.82 billion. Earnings per share for the quarter came in at $1.89, marking a 15% increase over last year’s Q4 EPS of $1.65. Analysts were expecting revenues of $4.03 billion and EPS of $1.80. Looking ahead, LB sees FY2015 EPS in the range of $3.45-$3.65, while analysts expect $3.83.
Avago Technologies Beats Q1 Estimates
Avago Technologies (AVGO ) reported first quarter net revenue of $1.66 billion, an increase of 134% from last year’s Q1 figure of $709 million. Net income for the quarter came in at $351 million, or $1.26 per share, compared to last year’s Q1 net income of $134 million, or 53 cents per share. Non-GAAP EPS came in at $2.09, which is up from last year’s Q1 figure of 84 cents. Analysts were expecting $1.93 EPS on revenues of $1.64 billion.