Halliburton Company, Johnson & Johnson Beat Earnings Estimates

Halliburton Company, Johnson & Johnson Beat Earnings Estimates
By WhisperToMe (Own work) [Public domain], via Wikimedia Commons

Halliburton and Johnson & Johnson both released the earnings results from their most recently completed quarters this morning. Halliburton reported adjusted earnings of $1.19 per share on $8.8 billion in revenue, compared to $8.7 billion in the same quarter a year ago. Analysts had been expecting earnings of $1.25 per share on $8.8 billion in revenue.

Play Quizzes 4

Johnson & Johnson reported adjusted earnings of $1.27 per share on $18.3 billion in revenue. Analysts had been expecting earnings of $1.25 per share on revenue of $18.6 billion for the fourth quarter.

How Value Investors Can Win With Tech And “Fallen” Growth Stocks

Valuation Present ValueMany value investors have given up on their strategy over the last 15 years amid concerns that value investing no longer worked. However, some made small adjustments to their strategy but remained value investors to the core. Now all of the value investors who held fast to their investment philosophy are being rewarded as value Read More

Breakdown of Halliburton’s earnings report

Halliburton’s net earnings were $1.06 per share, compared to 93 cents in the same quarter last year. The oil field services company reported a $129 million charge in connection with initiatives to dampen the effect of expected declines in activity.

Halliburton also reported $90 million in after-tax restructuring charges, which amounted to 11 cents per share, and 2 cents per share or $19 million in after-tax charges related to the proposed acquisition of Baker Hughes.

The company reported record full-year revenue and operating income and new revenue records for both of its divisions and 12 of its 13 products. In North America, Halliburton posted 16% revenue growth and 23% adjusted operating income growth. In the Eastern Hemisphere, revenue rose 10%, while adjusted operating income grew 12% for the full year.

Revenue from Completion and Production was $5.5 billion in the fourth quarter, while Drilling and Evaluation revenue for the quarter was $3.3 billion.

Shares of Halliburton edged upward by as much as 2% in premarket trading after this morning’s earnings report.

Breakdown of Johnson & Johnson’s earnings report

Johnson & Johnson’s net earnings were 89 cents for the quarter, compared to $1.23 per share in the same quarter a year ago. The company’s items during the fourth quarter amounted to $1.1 billion. Most of that charge was related to the litigation accrual and acquisition of Synthes.

For the full year, Johnson & Johnson reported a 4.2% increase in revenue, which rose to $74.3 billion. Full year earnings excluding items rose 8.2% year over year to $5.67 per share.

For the full 2015 fiscal year, Johnson and Johnson guided for adjusted earnings of between $6.12 and $6.27 per share.

As of this writing, shares of Johnson & Johnson were little changed in premarket trading.

Updated on

Michelle Jones is editor-in-chief for ValueWalk.com and has been with the site since 2012. Previously, she was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses. Email her at Mjones@valuewalk.com.
Previous article Jeff Gundlach’s Forecast for 2015
Next article Analyzing Banks – Three Simple Banking Ratios To Help

No posts to display