$UNP 1Q15 10-Q: Operating revenues were $5,614MM vs. $5,638MM in 1Q14. Operating expenses were $3,637MM vs. $3,784MM in 1Q14. Operating income was $1,977MM vs. $1,854MM in 1Q14. Net income was $1,151MM vs. $1,088MM in 1Q14. Diluted earnings per share were $1.3 vs. $1.19 in 1Q14. Dividends declared per share were $0.55 vs. $0.455 in 1Q14.
In 4Q16, $GE
expects industrial cash flow from operating activities (CFOA) to be more than
$9Bil. The company expects to receive a $4Bil dividend from GE Capital. For
2016, $GE expects free cash flow plus dispositions to be more than $32Bil above
In the short to medium term, $STI said it does not believe its regulatory costs in general would abate. In the current environment, regulatory and compliance cost is expected to be generally stable or go up over time.
For 2017, $SLB expects solid growth year-over-year in the Middle East and Russia on a full-year basis. The company also sees an uptick in investment and activity in Latin America and in Europe/Africa. The only place where the company does not see any signs of recovery at this stage is in Asia.
Effective June 30, 2016, $LECO deconsolidated the financial results of its Venezuela subsidiary due to the adverse conditions in the country. As a result, Venezuela is no longer included in the financial statements. In 3Q15, Venezuela contributed a minimal $34.7MM of net sales, the company said.
Industrial manufacturer $LECO reported a quarterly profit, helped by income tax benefits. The company reported 3Q16 earnings of $60.0MM, or $0.89 per share, which includes a $4.0MM, or $0.06 per share benefit from a discrete income tax item. This compares with net losses of $60.5MM, or $0.82 per share a year ago.