Earnings Surprises: New Research on PotashCorp, HCA Holdings, Sony, Phillips 66, and Mitsubishi UFJ Financial
NEW YORK, February 16, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including PotashCorp (NASDAQ: POT), HCA Holdings (NASDAQ: HCA), Sony (NASDAQ: SNE), Phillips 66 (NASDAQ: PSX), and Mitsubishi UFJ Financial (NASDAQ: MTU). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
POT Research Report: ( http://get.analystsreview.com/pdf/?c=PotashCorp&d=16-Feb-2015&s=POT ),
HCA Research Report: ( http://get.analystsreview.com/pdf/?c=HCA%20Holdings&d=16-Feb-2015&s=HCA ),
SNE Research Report: ( http://get.analystsreview.com/pdf/?c=Sony&d=16-Feb-2015&s=SNE ),
PSX Research Report: ( http://get.analystsreview.com/pdf/?c=Phillips%2066&d=16-Feb-2015&s=PSX ),
MTU Research Report: ( http://get.analystsreview.com/pdf/?c=Mitsubishi%20UFJ%20Financial&d=16-Feb-2015&s=MTU ).
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Analyst Update: Quarterly Earnings
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks closed higher on Friday with S&P 500 hitting an intraday record and the Dow Jones Industrial Average reaching its highest point so far this year. The Dow industrials added 46.97 points, or 0.26%, to 18019.35. The S&P 500 rose 8.51 points, or 0.41%, to 2096.99, and the Nasdaq Composite gained 36.22 points, or 0.75%, to 4893.84. The markets got a boost on hopes of a deal between Greece and its creditors. The continued redound in oil prices as well as strong economic data out of Europe also helped the markets in the rally. European markets also rose, driven by the Friday release of German data that showed the country's economy had grown in 2014's fourth quarter at a better-than-expected rate. Asia stocks mostly closed higher on Friday, following a global advance overnight, supported by reports of a new cease-fire agreement between Russia and Ukraine, Sweden's surprise move to cut its main rate into negative territory, and Greece agreeing to talks over its debt problems.
Potash Corporation of Saskatchewan Inc. (PotashCorp) reported fourth-quarter 2014 earnings of $0.49 per share versus $0.26 per share reported in Q4 2013. The quarterly earnings surpassed the average analyst estimate of $0.46 cents per share, according to Thomson Reuters I/B/E/S. For Q1 FY 2015, PotashCorp expects EPS to range between $0.45 and $0.55 against analysts' estimates of $0.50.
HCA Holdings, Inc. (HCA Holdings) reported Q4 2014 results that exceeded Wall Street expectations. Net income stood at $527 million or $1.19 per diluted share, up from $424 million or $0.92 per diluted share, in Q4 2013. Adjusted earnings of $1.33 per share surpassed the Zacks Consensus Estimate of $1.25. The Company expects full-year 2015 adjusted EPS of $4.55 to $4.95 on revenue of $38.5 billion to $39.5 billion.
Sony Corp's (Sony) announced its consolidated results forecasts for the third quarter fiscal 2015 that exceeds street's expectations. For the quarter, operating income is expected to increase 89.4 billion yen YoY to 178.3 billion yen ($1.5 million), surpassing analysts' estimates of 96.6 billion yen on sales of 2.38 trillion yen, according to Thomson Reuter's data.
Phillips 66's Q4 2014 results beat Wall Street expectations. The Company's adjusted earnings of $1.63 per share exceeded the Bloomberg analysts' estimates of $1.41 and Zacks estimates of $1.33 per share. For the quarter, net income rose to $1.15 billion, or $2.05 per share, from $826 million, or $1.37, per share in Q4 2013.
Mitsubishi UFJ Financial Group Inc (Mitsubishi UFJ Financial)'s third-quarter fiscal 2015 profit rose 36% YoY, led by income from loans abroad and investment banking. For the quarter, net income at Japan's largest bank climbed to 348.3 billion yen ($3 billion) up from 255.2 billion yen recorded in Q3 FY 2014 and also exceeding the 231.9 billion yen average estimate of Bloomberg Analysts.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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