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News

Earnings: P&G, PepsiCo, 3M, More (PG, PEP, MMM, More)

Shauna O'Brien Apr 23, 2015


Before the opening bell on Thursday, 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.


P&G Misses Q3 Estimates


Earnings
Procter & Gamble (PG ) reported third quarter earnings of $2.153 billion, or 75 cents per share, down from $2.609 billion, or 90 cents per share, last year. Adjusted EPS for the quarter was 85 cents. On average, analysts expected to see EPS of 92 cents.

Revenue
Net sales declined to $18.1 billion, and missed analysts’ view of $18.49 billion.


PepsiCo Posts Higher Q1 Profits


Earnings
PepsiCo (PEP ) reported first quarter earnings of 81 cents per share, up from 79 cents per share, last year. Excluding special items, EPS was 83 cents – above analysts’ view of 79 cents.

Revenue
Sales dripped 3% to $12.22 billion from $12.62 billion. Analysts expected to see $12.18 billion in revenue.


3M Misses Q1 Estimates


Earnings
3M (MMM ) reported earnings of $1.199 billion, or $1.85 per share, down from $1.207 billion, or $1.79 per share, last year. On average, analysts expected to see EPS of $1.93.

Revenue
Net sales fell 3.2% to $7.6 billion from $7.83 billion. Analysts expected to see sales of $7.84 billion.


Altria Beats Q1 Estimates


Earnings
Altria (MO ) posted Q1 earnings of $1.02 billion, or 52 cents per share, down from $1.18 billion, or 59 cents per share, last year. Analysts expected to see EPS of 62 cents.

Revenue
Sales increased to $5.80 billion from $5.52 billion last year. Analysts expected to see $4.13 billion in revenue.


Eli Lilly Posts Lower Q1 Results


Earnings
Eli Lilly (LLY ) reported first quarter earnings of $529.5 million, or 50 cents per share, down 27% from $727.9 million, or 68 cents per share, last year. Excluding special items, earnings were 87 cents per share – above analysts’ view of 77 cents per share.

Revenue
Revenue declined 6% to $4.645 billion. Analysts expected to see revenue of $4.62 billion.*

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