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News

Earnings: Icahn Enterprises, South Jersey Industries, Rowan Companies (IEP, SJI, RDC)

Shauna O'Brien Feb 27, 2015


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 Swings to Q4 Loss


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 Misses Q4 Estimates


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 Reports Higher Q4 Results; Matches Estimates


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.

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