Notable Earnings: Ericsson (ERIC), American Airlines (AAL), DTE Energy (DTE), Whirlpool (WHR), Procter & Gamble (PG)

Ericsson (ERIC) reported third-quarter 2015 results before the market opened today that missed Wall Street’s expectations. Revenue came in at $7.07 billion, up 3% YoY but below of Wall Street’s consensus estimate of $7.23 billion. EPS came in at $0.16. That was up 21% from last year and $0.02 below the Street’s expectations.

Share Performance
In pre-market hours, Ericson’s stock was down 0.76% to $10.47 following earnings report. Offering a dividend yield of 3.71%, shares of the Stockholm-based maker of mobile telecoms network equipment are down 4.87% YoY and 10.06% year-to-date.

Valuation
Ericsson ADR shares are currently trading at 27.76x this year’s forecasted earnings, compared to the industry’s 8.78x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.17 and 13.19, respectively. Price/sales for the same period is 1.16 while EPS is $0.38. Currently there are 15 analysts that rate ERIC a ‘Buy’, 14 rate it a ‘Hold’. One analyst rates it a ‘Sell’.

ERIC has a median Wall Street price target of $12 with a high target of $16.

American Airlines Group Inc. (AAL) reported third quarter non-GAAP EPS of $2.77 before the opening bell Friday, compared to the consensus estimate of $2.72. Revenues declined 3.9% from last year to $10.71 billion. Analysts expected revenues of $10.69 billion. The stock is currently up $1.41 to $47.40 on 9K shares.

American Airlines shares have declined 14% year-to-date. The stock has risen 24% in the last 12 months

DTE Energy Company (DTE) shares are up $0.58 to $85.45 in pre-market trading after the company reported fiscal results for the third quarter.

In its quarterly report, the utility said it earned $1.40 per share, well above the $1.25 per share analysts were expecting. Revenue came in at $2.60 billion, above views for $2.67 billion.

For full fiscal year 2015, DTE provided EPS guidance of $4.65 – $4.91 versus consensus of $4.78 per share.

Whirlpool Corp. (WHR) reported third-quarter earnings of $3.45 per share, topping, the estimate for $3.29. Revenue for the maker of Maytag, KitchenAid and other appliances came in at $5.28 billion, missing the estimate for $5.41 billion.

Whirlpool expects FY15 earnings in the range of $12 – $12.50 per share versus consensus of $11.97 per share..

WHR shares currently print a one year return of 5.39% and a year-to-date loss of 16.37%.

Shares of  Procter & Gamble Company (PG) are up 1.67% this morning after the co. reported fiscal results for the first quarter of 2016.

In its quarterly report, the consumer products maker said it earned $0.98 per share, well above the $0.94 per share analysts were expecting. Revenue fell 12.0% YoY to $16.53 billion, missing Street views for $16.98 billion.

For FY15 P&G expects EPS of $3.76 per share versus consensus of $4.02 per share.

P&G shares currently print a one year loss of 8.23% and a year-to-date loss of more than 15%.

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