Notable Earnings Reports: TRV, VZ, MCD, DD, APD, BHI, AAPL, KMB, JNJ, BTU, STLD
Tuesday, January 24, 2022 9:43 AM



The earnings calendar for Monday is hectic as many companies reported their results ahead of the opening bell, while some more are scheduled to report their earnings either after the opening bell or after the closing bell. Some notable earners are discussed here.

The Travelers Companies Inc. (NYSE: TRV), today reported its fourth quarter FY 2011 total revenues of $6.37 billion, marginally up from $6.33 billion in the fourth quarter FY 2010. Net income for the quarter was $618 million, or $1.51 per diluted share, compared to net income of $894 million, or $1.95 per diluted share in the comparable quarter last year. For full year 2011, total revenues were $25.44 billion, up from $25.11 billion in fiscal 2010. Net income for the year was $1.42 billion, or $3.36 per diluted share, compared to $3.21 billion, or $6.62 per diluted share in fiscal 2010. Analysts at Wall Street expected the company to report earnings of $1.53 per share on revenues of $5.47 billion for the quarter. TRV is trading higher by 0.32 percent to $60.48 in the pre-market trading on Tuesday.

Verizon Communications Inc. (NYSE: VZ) today reported strong fourth quarter results, fueled by strong demand for Wireless, FiOS and Strategic Services. For the quarter, the telecom giant reported revenues of $28.4 billion, up 7.7 percent from $26.39 billion in the fourth quarter FY 2010. For full year revenues were $110.87 billion, up 4 percent compared to revenues of $106.56 billion in fiscal 2010. Despite the increase in revenue, the company reported a net loss of $212 million, or $0.71 per diluted share for the quarter, compared to net income of $4.6 billion, or $0.93 per diluted share in the same quarter last year. For full year, the company reported a net income of $10.19 billion, or $0.85 per diluted share, compared to net income of $10.21 billion, or $0.90 per diluted share in FY 2010. Analysts at Wall Street had a consensus estimate of $0.53 earnings per share on revenue of $28.39 billion for the fourth quarter FY 2011. VZ is trading lower by 1.64 percent to $37.77 in the pre-market trading today.

McDonald’s Corporation (NYSE: MCD) reported strong fourth quarter and full year financial results on Tuesday, ahead of the opening bell. The company reported revenues of $6.88 billion for the fourth quarter FY 2011, up 10 percent from $6.21 billion in the fourth quarter FY 2010. Net income for the quarter was $1.37 billion, or $1.33 per diluted share, compared to net income of $1.24 billion, or $1.16 per diluted share in the same quarter last year. For full year, the burger giant, reported revenues of $27 billion, up 12 percent from $24.07 billion in fiscal 2010. Net income for the year was $5.5 billion, or $5.27 per diluted share, compared to net income of $4.96 billion, or $4.58 per diluted share last year. MCD is trading lower by 1.06 percent to $99.88 in the pre-market trading on Tuesday.

E.I. du Pont de Nemours and Company (NYSE: DD) on Tuesday reported its fourth quarter and full year 2011 financial results ahead of the opening bell. The company reported net sales of $8.76 billion for the quarter, representing an increase of 14 percent, compared to net sales of $7.74 billion in the fourth quarter FY 2010. Net income for the quarter was $377 million, down 0.8 percent from $378 million in the same quarter last fiscal. Earnings for the quarter stood at $0.40 per share, unchanged from last year same period. For full year, net sales were $37.96 billion, compared to $31.50 billion in FY 2010. Net income for the year ended December 31, 2021 was $3.47 billion, or $3.68 per diluted share, compared to net income of $3.03 billion, or $3.28 per diluted share in FY 2010. The reported fourth quarter results, exceeded Wall Street’s consensus estimate of $0.33 per share on revenue of $8.53 billion. DD last traded at $49.35 a share, down 0.14 percent on Monday.

Air Products & Chemicals Inc. (NYSE: APD) today reported its first quarter FY 2012 financial results. For the quarter, the company reported revenues of $2.42 billion, an increase of 1 percent, compared to revenues of $2.39 billion in the first quarter FY 2011. Net income for the quarter was $292 million, or $1.36 per diluted share, compared to net income of $296 million, or $1.35 per diluted share in the same quarter last fiscal. The company’s reported EPS met the Wall Street’s consensus estimate. However, the revenue reported missed the consensus estimate of $2.53 billion at Wall Street. APD closed at $89.92 a share on Monday.

Baker Hughes Inc. (NYSE: BHI) on Tuesday reported its fourth quarter FY 2011 net income of $314 million, or $0.72 per diluted share compared to net income of $335 million, or $0.77 per diluted share in the same quarter last year. Revenue for the quarter increased 22 percent to $5.38 billion, from $4.42 billion in the fourth quarter FY 2010. Revenue for full year 2011 was $19.83 billion, up 38 percent from $14.41 billion in fiscal 2010. Net income for the year was $1.74 billion, or $3.97 per diluted share, compared to net income of $812 million, or $2.06 per diluted share in FY 2010. BHI is trading lower by 1.59 percent to $46.97 a share in the pre-market trading today.

Apple Inc. (Nasdaq: AAPL) is scheduled to report its first quarter FY 2012 financial results after the closing bell on Tuesday. Analysts at Wall Street expect Apple Inc. to report earnings of $10.08 per share on revenue of $38.85 billion. AAPL is down 0.27 percent to $426.25 a share in the pre-market trading.

Other big companies scheduled to report their earnings today are: Kimberly Clark Corp. (NYSE: KMB), Steel Dynamics Inc. (Nasdaq: STLD), Peabody Energy Corp. (NYSE: BTU), Johnson & Johnson (NYSE: JNJ), Harley-Davidson Inc. (NYSE: HOG), AK Steel Holding Corp. (NYSE: AKS), and EMC Corporation (NYSE: EMC).


 

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