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Key Morning Earnings for April 25: FDC, LH, XRX

As Q1 earnings season continues, more and more companies are starting to post their earnings results. Last week saw two of the highly anticipated FANG stocks report their earnings results, Netflix, Inc. NFLX and Alphabet, Inc. GOOGL. The last two, Apple, Inc. AAPL and Facebook, Inc. FB report earnings after the market closes on April 26 and April 27, respectively.

Monday morning saw a number of companies report their results before the bell. Let’s take a look.

First Data Corporation FDC

The commerce-enabling company reported impressive earnings for its first quarter of fiscal 2016. Adjusted earnings per share came in at $0.12, surpassing the Zacks Consensus Estimate of $0.09 (this number excludes $0.18 from non-recurring items). Revenues were $1.69 billion, missing our consensus estimate of $1.705 billion but reflecting a 1.8% year-over-year change.

Laboratory Corporation of America Holdings LH

The leading clinical laboratory company reported solid Q1 results. Adjusted earnings per share came in at $2.02 surpassed the Zacks Consensus Estimate of $1.96 by 3.1%. Revenues of $2.295 billion beat our consensus estimate of $2.197 billion.Segmental results were also promising, reflecting strong year-over-year growth. LabCorp raised its 2016 guidance for revenue, EPS, and free cash flow.

Xerox Corporation XRX

The leading enterprise for business process and document management, Xerox reported modest Q1 results. Earnings came in at $0.23 per share, lagging behind the Zacks Consensus Estimate of $0.23 per share (this number excludes $0.18 from non-recurring items). Revenues of $4.28 billion edged past our consensus estimate of $4.273 billion. Xerox also announced its plan to split its BPO business from its Document Technology and DO business. The separation will see Xerox segregating its hardware operations and its services business, with each functioning as an independent, publicly traded company.

A leading oilfield services player, Halliburton Co. HAL, was originally scheduled to report their Q1 results this morning, but deferred its earnings announcement until May 3 to accommodate information related to the Baker Hughes Inc. (BHI) merger, which has a deadline of April 30. The company also announced job cuts of more than 6,000 during Q1, and since 2014, it has reduced almost one-third of its total workforce. Halliburton has provided operating updates for Q1: revenues of $4.2 billion, 40.8% lower than the prior-year quarter figure of $7.1 billion, surpassed the Zacks Consensus Estimate of $2.1 billion.

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NETFLIX INC (NFLX): Free Stock Analysis Report
 
APPLE INC (AAPL): Free Stock Analysis Report
 
LABORATORY CP (LH): Free Stock Analysis Report
 
XEROX CORP (XRX): Free Stock Analysis Report
 
HALLIBURTON CO (HAL): Free Stock Analysis Report
 
FACEBOOK INC-A (FB): Free Stock Analysis Report
 
ALPHABET INC-A (GOOGL): Free Stock Analysis Report
 
FIRST DATA CORP (FDC): Free Stock Analysis Report
 
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