A number of big-name dividend stocks reported earnings today before the opening bell on Monday. Check out our run-down of their quarterly reports below.
Gannett Profit Plunges 40%, but Still Beats View
Media giant Gannett Gannett Co., Inc. (GCI) posted a big decline in third quarter earnings, from $133.08 million last year to just $79.75 million in the latest period. Excluding items, adjusted profit was 43 cents per share, which beat Wall Street estimates for 41 cents. Revenue fell 4.3% from last year to $1.25 billion, missing analysts’ view of $1.27 billion.
Halliburton’s Earnings Surge on Higher Revenue
Oilfield services giant Halliburton Company (HAL) said its third quarter profit grew 17% as its international operations remained strong. Its adjusted earnings of 83 cents per share beat Wall Street’s view of 82 cents, while its third quarter revenue rose 5.1% from last year to $7.5 billion, matching expectations.
International Toy Sales Drive Hasbro’s Q3 Results
Toymaker Hasbro, Inc. (HAS) reported better-than-expected third quarter profit and revenue, largely on the back of strong international toy sales. The company’s adjusted profit rose to $1.31 per share (versus analysts’ estimate of $1.29) and revenue improved by 1.9% to $1.37 billion, beating the consensus view of $1.34 billion. Hasbro’s U.S. and Canada toy sales declined 5% from last year, while its international numbers jumped 11%.
VF Corp Plans 4-for-1 Stock Split, 21% Dividend Boost, as Earnings Jump 14%
Apparel giant VF Corp (VFC) posted a 14% increase in third quarter earnings, beating analyst estimates. Its profit was $3.91 per share easily bested Wall Street’s view of $3.78, although its revenue of $3.3 billion fell just short of analysts’ $3.34 billion estimate. In addition, VFC unveiled plans for a 4-for-1 stock split, as well as a 21% increase to its quarterly dividend.
SAP Confirms Guidance Despite Slower Revenue Growth
German software maker SAP AG (SAP) posted an increase in earnings on Monday, although its revenue growth slowed considerably from last year. Adjusted profit rose 15% from last year to 1.30 billion euros, while revenue growth was just 2%, compared to last year’s 14% growth in the same period. Looking ahead, the company reiterated its full-year outlook.
A.O. Smith’s Earnings Plunge on Charges, but Adjusted Net Beats View
Water heating equipment maker A. O. Smith Corporation (AOS) said its profit fell 18% from last year due to restructuring charges. Its adjusted profit of 96 per share easily beat analysts’ view of 77 cents, while its revenue of $509.6 million also beat estimates. Looking ahead, AOS boosted its full-year outlook to a range of $3.40 to $3.56 per share, up from a prior $3.25 to $3.45.
Koninklijke Philips Profit Surges Despite Lower Revenue
Netherlands-based electronics maker Koninklijke Philips NV (PHG) posted a profit of 282 million euros, or $385.7 million, up from 105 million euros last year. Sales fell 3% to 5.62 billion, hurt by currency fluctuations. The company noted it remains focused on improving margins by cutting costs, but warned a sluggish global economy would continue to limit its sales growth.
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