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News

Earnings: General Electric, Honeywell, Reynolds American, More (GE, HON, RAI, More)

Shauna O'Brien Apr 17, 2015


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.


GE Posts Q1 Loss


Earnings
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
Revenue declined to $29.36 billion from $33.55 billion. Analysts expected to see revenue of $34.23 billion.


Honeywell Reports Higher Q1 Results; Narrows Outlook


Earnings
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
Revenue declined 5% to $9.21 billion from $9.68 billion last year. On average, analysts expected to see revenue of $9.48 billion.

Outlook
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 Reports Higher Q1 Results


Earnings
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
Revenue increased to $2.06 billion from $1.94 billion last year. Analysts expected to see revenue of $1.98 billion.


Comerica


Earnings
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
Revenue for the quarter was $669 million – above analysts’ view of $626.93 million.

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