Earnings: Royal Bank of Canada, HollyFrontier, TJX Companies (RY, HFC, TJX)
Shauna O'Brien Feb 25, 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.
Royal Bank of Canada Beats Q1 Estimates
Royal Bank of Canada (RY ) reported earnings of C$2.39 billion, or C$1.65 per share, up from C$2.01 billion, or C$1.38, last year. Excluding special items, EPS came in at C$1.67 – above analysts’ view of C$1.58.
Revenue came in at C$9.64 billion, up from C$8.46 billion last year. Analysts expected revenue of C$8.35 billion.
HollyFrontier Swings to Q4 Loss
HollyFrontier (HFC ) reported a net loss of $222.2 million, or $1.13 per share. Last year, the company reported net income of $62.9 million, or 31 cents per share. On average, analysts expected to see EPS of 47 cents.
Revenue declined 11% to $4.28 billion – above analysts’ view of $3.65 billion.
TJX Companies Reports Higher Q4 Results
TJX Companies (TJX ) reported Q4 earnings of $648.23 million, or 93 cents per share, up from $582.29 million, or 81 cents per share, last year. Analysts expected to see EPS of 90 cents.
Revenue rose 6% to $8.30 billion from $7.81 billion last year. Analysts expected to see revenue of $8.26 billion.
Looking ahead, the company expects to see FY2015 EPS between $3.17 and $3.25. Analysts expect to see EPS of $3.50.
The company also said that it plans to boost its quarterly dividend to 21 cents, or 84 cents annually.
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