Earnings Snapshot (MSFT)
Apr 18th, 2013: A quick snapshot of Microsoft Corp. (MSFT)'s top and bottom line results.
Q3 2013 Quarterly Results:
- Highlights: Despite global PC sale slowdown, strong growth in all divisions; Revenue and Operating income up; EPS beat Wall Street expectations by $0.04.
- Revenue: Microsoft Corp. (MSFT) reported sales of $20.48B, which was an 18% improvement over the $17.4B reported last year, but more or less in line with analysts' expectations.
- Net Income: MSFT's Net Income came in at $6.05B, which was 18.5% increase from the $5.10B reported last year. The company also reported Operating income of $7.6B, which beat the $6.37B of last year by 19%.
- EPS/Diluted: MSFT's EPS/D of $0.72 was a 20% improvement over the Q1 2012 results, and 4-cents better than the average analyst expectation of $0.68.
Earnings Snapshot (IBM)
Apr 18th, 2013: A quick snapshot of International Business Machine Corp (IBM)'s top and bottom line results.
Q1 2013 Quarterly Results:
- Highlights: Revenue down; Net Income down; Diluted EPS up; Free Cash Flow down; Full-year 2013 guidance for GAAP EPS re-iterated as at least $15.53
- Revenue: International Business Machine Corp (IBM)'s Revenue came in at $23.4B, a 5% decline from last year, but 3% lower on a currency-adjusted basis. Systems & Technology, and Service revenue was down, but Software revenue was flat. Biggest revenue gainer was Cloud services – up by 70%.
- Net Income: IBM's GAAP-based Net Income was down by about 1% from last year, coming in at $3.0B. Operating income (non-GAAP) was up by 3% to $3.4B. Gross Profit margins (GAAP) were up slightly, by 0.6 Bps, coming in at 45.6%.
- EPS/Diluted: EPS/D (GAAP) came in at $2.70, up 3% from last year. Full year 2013 guidance for EPS/D of $15.53/share reaffirmed.
Earnings Snapshot (HON)
Apr 17th, 2013: A quick snapshot of Honeywell International Inc. (HON)'s top and bottom line results.
Q1 2013 Quarterly Results:
- Highlights: Sales largely flat; EPS growth of 16%; Segment Margins up by 100 Bps; Operating Margin up 120 Bps; 2013 low-end guidance increased from $4.75-$4.95 to $4.80-$4.95.
- Net Sales: Honeywell International Inc (HON) reported Net Sales of $9.32B, flat from the $9.30B of last year. The average estimate from analysts was $9.44B in sales this quarter.
- Net Income: HON's Net Income came in at $969M, a 17.74% beat from the $823M reported last year.
- EPS/Diluted: The Company reported EPS/D of $1.21 which was up by 16.34% from the $1.04 reported in Q1-2012, and a 6.14% beat from the $1.14 average estimate by analysts.
