Earnings Scan: MMM, T, LMT, CAT, CL, ABC
Thursday, January 26, 2022 9:25 AM



The earnings calendar for Thursday is super busy as many big 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.

3M Company (NYSE: MMM) reported its fourth quarter FY 2011 sales of $7.1 billion, up 5.7 percent from $6.7 billion in the same quarter last year. Net income for the quarter was $954 million, or $1.35 per diluted share, compared to net income of $928 million, or $1.28 per diluted share in fourth quarter FY 2010. For full year 2011, the company reported sales of $29.6 billion, compared to $26.6 billion in FY 2010. Net income for the year was $4.28 billion, or $5.96 per diluted share, compared to net income of $4.01 billion, or $5.63 per diluted share in fiscal 2010. Analysts at Wall Street had expected the company to report earnings of $1.31 per share on revenue of $7.09 billion for the quarter. MMM is trading up by 1.03 percent to $87.37 a share in the pre-market trading on Thursday.

AT&T Inc. (NYSE: T) today reported fourth quarter and full year 2011 financial results ahead of the opening bell. The company reported revenues of $32.5 billion for the quarter, up 3.6 percent from $31.4 billion in the same quarter last year. For the quarter, the company reported a net loss of $6.67 billion, or $1.12 per share, compared to earnings of $1.09 billion, or $0.18 per share in the comparable quarter last year. For full year 2011, the company reported revenues of $126.7 billion, up 2 percent from $124.2 billion in FY 2010. Net income for the year was $3.9 billion, or $0.66 per share, compared to net income of $19.8 billion, or $3.35 per share in FY 2010. The reported results missed Wall Street’s consensus earnings estimate of $0.43 per share on revenues of $31.95 billion. T is trading lower by 2.09 percent to $29.58 a share in the pre-market trading, today.

Lockheed Martin Corporation (NYSE: LMT) on Thursday reported its fourth quarter and full year 2011 financial results. The company reported net sales of $12.2 billion for the fourth quarter FY 2011, compared to net sales of $12.8 billion in the same quarter last year. Net income for the quarter was $698 million, or $2.14 per diluted share, compared to net income of $821 million, or $2.28 per diluted share in the fourth quarter FY 2010. For full year 2011, net sales were $46.5 billion, up from $45.67 billion in fiscal 2010. Net income for the year was $2.65 billion, or $7.81 per diluted share, compared to net income of $2.87 billion, or $7.81 per diluted share in FY 2010. LMT last closed at $81.73 a share on Wednesday.

Caterpillar Inc. (NYSE: CAT) on Thursday reported strong fourth quarter and full year financial results. The company reported record revenue of $17.24 billion, an increase of 35 percent, compared to revenues of $12.8 billion in the same quarter last year. Net income for the quarter was $1.54 billion, or $2.32 per diluted share, compared to net income of $968 million, or $1.47 per diluted share in the same quarter last year. For full year, the company reported record revenues of $60.14 billion, up 41 percent, from $42.59 billion in FY 2010. Net income for the year was $4.9 billion, or $7.40 per diluted share, compared to net income of $2.7 billion, or $4.15 per diluted share in fiscal 2010. The reported results beats Wall Street’s consensus earnings estimate of $1.73 per share on revenue of $16.05 billion. CAT is trading higher by 3.26 percent to $112.60 a share in the pre-market trading today.

Colgate-Palmolive Company (NYSE: CL) today reported net sale of $4.17 billion for the fourth quarter FY 2011, up 5 percent, compared to $3.97 billion in the same quarter last year. Net income for the quarter was $590 million, or $1.21 per share, compared to net income of $624 million, or $1.24 per share in the comparable quarter last year. For full year, net sales were $16.7 billion, compared to net sales of $155 billion in fiscal 2010. Net income for fiscal 2011 was $2.4 billion, or $4.94 per diluted share, compared to net income of $2.2 billion, or $4.31 per diluted share last fiscal. CL last closed at $89.44 a share.

AmerisourceBergen Corp. (NYSE: ABC) on Thursday reported revenue of $20.4 billion, up 2.4 percent for the first quarter FY 2012, compared to revenue of $19.8 billion in the same quarter last year. Net income for the quarter was $1.62 billion, or $0.62 per diluted share, compared to net income of $1.6 billion, or $0.57 per diluted share in the same quarter last year. Analysts at Wall Street had expected earnings of $0.63 per share on revenue of $19.99 billion. ABC closed at $39.72 a share on Wednesday.

 

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