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Thursday, April 17, 2014

For Investors Only; Earnings Wrap-Up: Baxter, BHI, SLB, UNP; KSU; Others

On tap today:
  • Baxter, forecast, $1.09; before market opens. Actual: "Baxter reports strong first quarter financial results exceeding expectations and confirms 2014 full-year guidance."
  • BHI, forecast, 78 cents; before market opens. Actual: beats; surges;
  • GE, forecast, 32 cents; before market opens. Actual: net falls, but industrial profits rise. Stock up.
  • Schlumberger, forecast, $1.20; before market opens. Actual: beats by 1 cent; profit from continuing ops jumps 33 percent; profit jumps on Middle East, Asia growth;
  • Union Pacific, forecast, $2.37, before market opens. Actual: beats by 1 cent; profit surges 14%.
From yesterday:
GOOG: after market close; expectations, $6.39; actual: misses by 15 cents; drops almost 3%

Kansas City Southern: after market close; expectations, 99 cents; beats by 6 cents; nice response

Kinder Morgan (KMI): after market close; expectations, 33 cents; profit falls 1.7%; records double-digit sales growth; up about 1.25%; raises quarterly dividend 11%

Yahoo!Financial shows TPLM reporting today:
Triangle Petroleum misses by $0.02, reports revs in-line (TPLM) : Reports Q4 (Jan) earnings of $0.11 per share, $0.02 worse than the Capital IQ Consensus Estimate of $0.13; revenues rose 257.7% year/year to $85.5 mln vs the $85.64 mln consensus.
  • Increased volumes in fiscal year 2014 to 1,929 Mboe (+295% y/y, 5,286 Boepd) as compared to 488 Mboe (1,334 Boepd) in fiscal year 2013 
  • Increased total estimated net proved reserves to 40,314 Mboe at fiscal year-end 2014, a 175% increase over fiscal year-end 2013 total estimated net proved reserves, with an associated increase in SEC PV-10 to ~$678 million (+201% y/y)
Noble Corp beats by $0.28, beats on revs (NE) 30.37 -0.43 : Reports Q1 (Mar) earnings of $0.99 per share, $0.28 better than the Capital IQ Consensus Estimate of $0.71; revenues rose 24.2% year/year to $1.21 bln vs the $1.19 bln consensus. 
Morgan Stanley reported a 55 percent jump in first-quarter earnings as higher revenue from the bank's institutional securities business augmented another strong quarter from wealth management.
Tomorrow: nothing of interest.