American Electric Power Posts Flat First-Quarter Earnings

American Electric Power AEP reported $0.80 ongoing EPS for the first quarter of 2013, flat from the year-ago quarter. Management reaffirmed ongoing 2013 EPS guidance of $3.05 to $3.25. The company recently announced a $0.49 quarterly dividend, a 4.3% increase and in line with the previously announced increased targeted dividend payout ratio of 60% to 70%. We are reaffirming our 2013 EPS forecast, our $48 … Continue reading American Electric Power Posts Flat First-Quarter Earnings

Range’s First-Quarter Results Come in Ahead of Expectations

Range Resources RRC reported first-quarter results Thursday. Quarterly production came in at 876 MMcfe per day, up 4% sequentially and 34% year over year and above both the company’s guidance and our forecast of 839 MMcfe/d. Growth was led by Range’s Marcellus acreage, where the firm continued to deliver impressive results across both its liquids-rich and dry-gas areas. Range maintained its 2013 guidance of 20%-25% … Continue reading Range’s First-Quarter Results Come in Ahead of Expectations

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DoCoMo Reports In-Line Fiscal 4Q, but Provides Lower Guidance; Under Review

NTT DoCoMo DCM reported fiscal year-end results that were generally in line with our expectations, but margin guidance for this year was lower than we anticipated. We have put our fair value estimate under review as we revise our model projections. There is no change to our economic moat rating. Revenue grew 5.4% year over year, a bit below our projection of 6.5%. DoCoMo increased … Continue reading DoCoMo Reports In-Line Fiscal 4Q, but Provides Lower Guidance; Under Review