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Before the opening bell on Tuesday, 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.
Verizon (VZ) reported first quarter earnings of $4.338 billion, or $1.02 per share, down from $5.986 billion, or $1.15 per share, in the year prior. Analysts expected to see EPS of 95 cents.
Revenue increased to $32 billion – below analysts’ estimate of $32.27 billion.
Lockheed Martin (LMT ) reported earnings of $878 million, or $2.74 per share, down from $933 million, or $2.87 per share, last year. On average, analysts expected to see EPS of $2.50.
Sales declined to $10.11 billion from $10.65 billion. Analysts expected to see revenue of $10.23 billion.
Looking forward, the company expects to see FY2015 EPS between $10.85 and $11.15. Analysts expect to see EPS of $11.14.
United Technologies (UTX) posted first quarter earnings of $1.43 billion, or $1.58 per share, up from $1.21 billion, or $1.32 per share, last year. Excluding special items, EPS was $1.51 – above analysts’ view of $1.45.
Revenue declined to $14.54 billion from $14.75 billion last year. Analysts expected to see revenue of $14.88 billion.
DuPont (DD ) posted Q1 earnings of $1.03 bilion, or $1.13 per share, down from $1.44 billion, or $1.54 per share, last year. Adjusted EPS came in at $1.34 – above analysts’ estimate of $1.31.
Revenue declined to $9.172 billion from $10.128 billion. Analysts expected to see revenue of $9.41 billion.
The company also announced that it has raised its dividend 4% to 49 cents per share. The next dividend will be paid on June 12.
Kimberly-Clark (KMB ) posted first quarter net income of $486 million, or $1.27 per share, down from $490 million, or $1.26 per share, last year. On average, analysts expected to see EPS of $1.33.
Net sales declined to $4.69 billion from $4.89 billion. Analysts expected to see revenue of $4.61 billion.