In the wake of unexpectedly strong economic reports, increasingly confident investors are executing a “flight from safety,” which is bad news for utility stocks. Case in point: Electric utility Dominion Resources, Inc. (NYSE:D) on Friday reported fourth-quarter fiscal 2014 operating results that missed the mark by a wide margin. The company reported earnings of $243 million and earnings per share of 42 cents, a drop from $431 million and EPS of 74 cents for the same period a year ago.
Wall Street had expected EPS of 83 cents. That said, excluding items, operating earnings for the fourth quarter reached 84 cents per share, a year-over-year gain of 5% compared with 80 cents per share during the same year-ago quarter. Dominion’s fourth-quarter revenue came in at $2.9 billion compared with $3.2 billion in the same year-ago quarter. Analysts’ consensus estimate had called for revenue of $3.1 billion. Dominion management gave first-quarter guidance for operating earnings in the range of 85 cents to $1 per share, below analysts’ expectations of $1.03 per share.
Source: InvestorPlace
Related Articles:
- 8 Dividend Stocks With A 15% Yield In 15 Years
- First Quarter 2014: Top And Bottom Performing Dividend Stocks
- Don't Touch These 5 Dividend Stocks!
- 7 Dividend Stocks Headed In The Right Direction
- Who Owns The Top Dividend Stocks?
Dominion Resources at Risk from Rising Rates
Posted by D4L | Saturday, March 07, 2015 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
Dividend Growth Stocks News
~
Popular Posts Last 30 Days
-
If you're worried about inflation rearing its ugly head next year, you should probably worry about more likely catastrophes, such as bei...
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
When a company pays a dividend, it's a good thing for shareholders. When a company consistently pays a dividend every quarter, it's ...
-
We screened our 24/7 Wall St. dividend equity research database and found 5 stocks that combined can generate over $3,000 of annual passive ...
-
The stock market has been on an upward path of late, with some of the most prominent stocks hitting astronomical highs. The dividend yield o...
-
My top financial goal is to eventually become financially independent. The foundation of my strategy is to make investments that produce an ...
-
Dividend growth stocks can be incredibly attractive investments if you crave recurring income. As these types of stocks raise their dividend...
-
In my opinion, there are three criteria investors should consider when evaluating a particular stock for their portfolio. The first is histo...
-
In this article, we discuss 5 best March dividend stocks to buy. If you want to read our detailed analysis of dividend capture strategy and ...
-
As the broader stock rally broadens to some of the more “boring” corners of the market, it’s the higher-yielding dividend plays that could s...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.