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Key Morning Earnings for April 20: ABT, DISH, KO, USB

As Q1 earnings season continues, more and more big names are starting to post their earnings results. Yesterday, tech giants Intel Corp. INTC and Yahoo! Inc. YHOO reported interesting results. Intel beat earnings estimates but missed on revenue, and announced a restructuring plan that includes slashing 12,000 jobs. Yahoo saw first-quarter earnings and revenue results that edged past estimates, with management taking plans for a company sale more serious than ever.

Wednesday morning saw a good amount of companies report their results before the bell. Let’s take a look.

Abbott Labs ABT

Global healthcare company Abbot Labs reported an earnings beat of $0.41 per share (from continuing operations excluding one-time items), topping the Zacks Consensus Estimate of $0.39 per share. Revenues of $4.9 billion also surpassed our consensus estimate of $4.8 billion, with sales growth bring driven by new product launches in the first quarter.

Dish Network CP DISH

The satellite television provider posted strong first quarter financial results. Earnings came in at $0.84 per share, beating the Zacks Consensus Estimate of $0.65 per share. Total revenue stood at $3.787 billion, reflecting a 1.7% year-over-year increase; revenues were on par with the Zacks Consensus Estimate.

The Coca-Cola Company KO

Coca-Cola, the world’s largest beverage company, reported Q1 adjusted earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.44. Revenues came in at $10.28 billion, declining 4% year-over-year and topping our consensus estimate of $10.26 billion by 0.2%. Despite these beats, soda volumes declined in the first quarter.

U.S. Bancorp USB

The financial services company reported earnings of $0.76 per share for the first quarter, beating the Zacks Consensus Estimate by a penny. Net revenues came in at $5.04 billion, missing our consensus estimate of $5.07 billion but increasing 2.7% on a year-over-year basis. Organic growth was driven by higher revenues along with elevated average loans and deposits. 

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US BANCORP (USB): Free Stock Analysis Report
 
YAHOO! INC (YHOO): Free Stock Analysis Report
 
ABBOTT LABS (ABT): Free Stock Analysis Report
 
COCA COLA CO (KO): Free Stock Analysis Report
 
DISH NETWORK CP (DISH): Free Stock Analysis Report
 
INTEL CORP (INTC): Free Stock Analysis Report
 
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