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?
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
If you want to earn more dividend income from the stock market, then you need to start investing in healthcare. Analysts project the number ...
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
I am going to double down on Exxon Mobil (XOM) this week because I believe investors will have to deal with more market volatility going for...
-
Dividend investing is all about owning investments that pay you — and pay you well — through thick and thin markets. And whether you are bui...
-
The U.S. boosted tariffs on $200 billion worth of Chinese goods from 10% to 25%. The markets had expected this to be the week that this deal...
-
Utility stocks were supposed to be yesterday’s favorite investment. The theory regarding utility stocks was simple: Robust economic growth c...
-
High dividend yields are harder to find lately, given the long-running stock market rally. But that scarcity doesn't mean investors have...
-
Technology is the alchemy of the stock market. It is where companies turn worthless silicon into incredible new and expensive gizmos and dev...
-
I love buying dollar bills for $0.80. Of course, you don’t find many chances like that in the stock market. Whenever such a great deal arise...
0 comments
Post a Comment
Post a Comment