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Before the opening bell on Friday, 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.
General Electric (GE ) reported a net loss of $13.57 billion, or $1.35 per share, compared to net income of $3.00 billion, or 30 cents per share, last year. Excluding special items, EPS was 31 cents – above analysts view of 30 cents.
Revenue declined to $29.36 billion from $33.55 billion. Analysts expected to see revenue of $34.23 billion.
Honeywell (HON ) reported earnings of $1.12 billion, or $1.41 per share, up from $1.02 billion, or $1.28 per share, last year. Analysts expected to see EPS of $1.39.
Revenue declined 5% to $9.21 billion from $9.68 billion last year. On average, analysts expected to see revenue of $9.48 billion.
Looking ahead to FY2015, the company expects to see EPS between $6.00 and $6.15. Previously, the company expected to see EPS between $5.95 and $6.15. Analysts expected to see earnings of $6.09 per share.
Reynolds American (RAI) reported first quarter earnings of $389 million, or 73 cents per share, up from $363 million, or 67 cents per share, last year. Adjusted earnings were 86 cents per share – above analysts’ view of 80 cents per share.
Revenue increased to $2.06 billion from $1.94 billion last year. Analysts expected to see revenue of $1.98 billion.
Comerica (CMA ) reported Q1 net income of $132 million, down from $137 million, last year. On a per share basis, earnings remained flat at 73 cents. Analysts expected to see EPS of 73 cents.
Revenue for the quarter was $669 million – above analysts’ view of $626.93 million.