Before the opening bell on Wednesday, 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.
ADT Beats Estimates; Shares Skyrocket
Shares of ADT Corp (ADT
) soared on Wednesday morning after the company beat third quarter estimates. The company reported earnings of $82 million, or 47 cents per share, down from $113 million, or 52 cents per share, last year. Excluding special items related to its Tyco separation, earnings were 55 cents per share, above analysts’ estimate of 47 cents per share.
Energizer Misses Q3 Estimates
Energizer Holdings, Inc. (ENR) reported Q3 earnings of $64.5 million, or $1.03 per share, down from $87.2 million, or $1.38 per share, in the same quarter last year. Excluding special items, earnings were $1.46 per share, below analysts’ view of $1.55 per share. Revenue rose to $1.13 billion from $1.11 billion a year ago. Looking ahead, the company expects to see FY2014 earnings between $7.00 and $7.25 per share, while analysts expect to see $7.08 per share in earnings.
Franklin Resources Misses Wall Street’s View
Franklin Resources, Inc. (BEN) posted second quarter earnings of $578.9 million, or 92 cents per share, up from $552.3 million, or 86 cents per share, a year ago. Revenue came in at $2.131 billion, from $2.085 billion last year. On average, Wall Street analysts expected to see earnings of 95 cents per share and $2.17 billion in revenue.
Garmin Shares Soar
Shares of Garmin Ltd. (
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