General Electric, (
GE: chart), announced that after adjustments, the company’s profit came to 55 cents a share, matching the average analyst estimate. GE stated revenue in Q4 advanced 3%. GE also lifted the bottom end of its 2006 earnings outlook, based partly on strong growth in Asia and developing markets, to $1.94 to $2.02 a share from $1.92 to $2.02 a share.
KeyCorp, (
KEY: chart), multi-line financial services provider, reported Q4 net income of 72 cents a share, up from 51 cents in the year-ago period on 11.2%, revenue growth, beating analyst estimate of 67 cents a share. The company expects earnings to be in ranges of 67 cents to 71 cents a share for the first quarter and $2.80 to $2.90 a share for all of 2006, as opposed to analysts'' averages of 66 cents and $2.80 a share, respectively.
Citigroup, (
C: chart), banking firm, reported Q4 earnings advanced 30% to $1.37 a share on a $2.1 billion after-tax gain on the sale of its asset-management lines. Profit from continuing operations dropped 3% to 98 cents a share. Analysts’ estimates for $1 a share for the quarter. Revenue came in at $20.78 billion.
Schlumberger Ltd, (
SLB: chart), provider of oilfield services, reported that Q4 net income doubled to $1.08 a share, up from 55 cents a share in the same period a year ago, topping analysts’ forecasts for earnings of 96 cents a share. Operating revenue jumped 31% to $4.02 billion.
Regions Financial Corp, (
RF: chart), banking services, posted Q4 earnings of 55 cents a share, including after-tax merger-related and other costs of 7 cents a share, up from 50 cents a share in the year ago period. If not for items, the company posted Q4 earnings of 62 cents a share, in line with analyst estimate.
Alltel Inc, (
AT: chart), telcommunications carrier, reported Q4 net income of 66 cents a share, down from 89 cents earned in the same period the previous year despite 21% revenue growth. On an adjusted basis, the company earned 77 cents a share in Q4, missing analyst estimate of 83 cents a share.
Johnson Controls, (
JCI: chart), provider of automotive interiors, reported Q1 earnings of 85 cents a share, down slightly from 87 cents a share a year-ago, beating analyst estimate of 83 cents a share. On a continuing operations basis, the company earned 86 cents a share in Q1, up from last year''s 81 cents a share. Sales advanced to $7.53 billion from $6.62 billion in the same period a year earlier.