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.
Chesapeake Energy Misses EPS Estimates
Chesapeake Energy Corporation (CHK
) reported Q2 earnings of $145 million, or 22 cents per share, down from $457 million, or 66 cents per share, a year ago. Excluding special items, earnings were $235 million, or 36 cents per share, down from $265 million, or 51 cents per share, last year. Revenue rose to $5.152 billion from $4.675 billion last year. On average, analysts expected to see adjusted earnings of 44 cents per share and $4.91 billion in revenue.
Diebold Swings to Q2 Profit; Beats EPS Estimates; Revenue Misses
Diebold Inc (DBD) posted Q2 net income of $41.6 million, or 64 cents per share, compared to a net loss of $105.0 million, or $1.65 per share, a year ago. Excluding special item, earnings were 47 cents per share, above analysts’ view of 39 cents per share. Revenue increased to $733.5 million from $707.1 million last year, but missed analysts’ estimate of $735.61 million. Looking ahead, DBD has raised its FY2014 EPS outlook to a range of $1.55 to $1.80 (from $1.30 to $1.55 per share). Analysts expect to see EPS of $1.77.
See Also: Behind Diebold: The Most Consistent Dividend Payer Ever (DBD)
HollyFrontier Misses E
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