Earnings: Estée Lauder, Archer Daniels Midland, Kellogg (EL, ADM, K)
Shauna O'Brien May 05, 2015
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.
Estée Lauder Beats Analysts Estimates
Estée Lauder (EL ) reported third quarter earnings of $272.1 million, or 71 cents per share, up from $213.2 million, or 54 cents per share, last year. Adjusted earnings came in at 72 cents – above analysts’ view of 51 cents.
Sales increased 1% to $2.58 billion from $2.55 billion. Analysts expected to see revenue of $2.54 billion.
Archer Daniels Midland Q1 Profits Rise
Archer Daniels Midland (ADM ) reported first quarter earnings of $493 million, or 77 cents per share, compared to $267 million, or 40 cents per share, a year ago. Excluding special items, EPS was 77 cents – above analysts’ estimate of 71 cents.
Revenue for the quarter was $17.51 billion from $20.70 billion. Analysts expected to see $20.58 billion in revenue,
Kellogg Posts Higher Q1 Earnings
Kellogg (K ) reported first quarter earnings of $227 million, or 64 cents per share, up from $406 million, or $1.12 per share, last year. Comparable EPS came in at 98 cents per share. Analysts expected to see EPS of 92 cents.
Sales declined to $3.56 billion from $3.74 billion. Analysts expected to see $3.55 billion in revenue.
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