Before Wednesday’s opening bell, some big name, dividend paying companies announced their quarterly earnings. Below, we look at these earnings reports and break down the important points for investors.
NextEra Energy Beats Estimates
NextEra Energy, Inc. (NEE
) reported Q1 earnings of $430 million, or 98 cents per share, up from $272 million, or 64 cents per share, last year. On an adjusted basis, earnings were $557 million, or $1.26 per share, above analysts’ estimate of $1.07 per share. Revenue increased to $3.67 billion from $3.28 billion. Analysts expected to see revenue of $3.64 billion.
The Southern Company Q1 Results Rise on Colder Winter
The Southern Company (SO) posted Q1 earnings of $351 million, or 39 cents per share, up from $81 million, or 9 cents per share, a year ago. Excluding special items, earnings were $586 million, or 66 cents per share, above analysts’ estimate of 56 cents per share. Revenue rose to $4.6 billion from $3.9 billion. Analysts expected to see revenue of $4.03 billion. The company noted that its higher results for the quarter were due to the colder than normal winter.
ADP Earnings Rise; Matches Analysts’ Estimates
Automatic Data Processing (ADP) posted Q3 net income of $521.6 million, or $1.08 per share, up from $482.7 million, or 99 cents per share, last year. Total revenue increased to $3.32 billion from $3.11 billion a year ago. On average, analysts expected to see $1.08 per share on earnings of $3.34 billion in revenue.
Thomson Reuters Turns Q1 Profit
Thomson Reuters Corporation (TRI) reported Q1 earnings of $282 million, or 34 cents per share, compared to a net loss of $31 million, or 4 cents per share, a year ago. Adjusted earnings were $374 million, or 46 cents per share, above analysts’ estimate of 38 cents per share. Revenue dipped to $3.13 billion from $3.17 billion last year, but still beat analysts’ estimate of $3.11 billion.
Hess Earnings Plunge
Hess Corp. (HES) reported Q1 earnings of $386 million, or $1.20 per share, from $1.276 billion, or $3.72 per share, a year ago. Excluding special items, earnings were $446 million, or $1.38 per share, above analysts’ estimate of $1.04 per share. Revenue declined to $5.506 billion from $6.760 billion last year.
International Paper Posts Q1 Loss
International Paper Company (IP) reported a net loss of $95 million, or 21 cents per share, compared to net income of $318 million, or 71 cents per share, a year ago. On an adjusted basis, earnings were 61 cents per share, above analysts’ estimate of 55 cents per share. Revenue fell to $7.01 billion from $7.09 billion last year. Analysts expected revenue of $7.10 billion.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
