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Before Friday’s opening bell, 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.
Icahn Enterprises (IEP ) reported a net loss of $478 million, or $3.84 per share. Last year, the company reported net income of $222 million, or $1.90 per share. Analysts expected to see earnings of $1.76 per share.
Revenue came in at $3.4 billion, above analysts’ view of $1.79 billion.
South Jersey Industries (SJI ) reported fourth quarter earnings of 93 cents per share, which missed analysts’ estimate of 12 cents per share.
The company also announced a 2-for-1 stock split that will occur on May 8, 2015 for shareholders of record on April 17, 2015.
Rowan Companies (RDC) reported fourth quarter net income of $326.9 million, or $2.63 per share, up from $49.7 million, or 40 cents per share, last year. Excluding special items, earnings were 89 cents per share, which matched analysts’ estimates.
Revenue rose 41% to $556.2 million from $393.4 million. Analysts expected to see $529.9 million in revenue.