Morning Earnings Roundup: Delek, Assured Guaranty, American States

Technology Stocks News 16

Energy company Delek US Holdings, Inc. (NYSE:DK) reported Wednesday night Q4 2013 net loss of $4.7 million, or $0.08 per share, compared to a net income of $64.3 million, or $1.06 per share, a year earlier. Adjusted earnings were not provided, which would have been comparable to the Capital IQ consensus of $0.11. Net sales totaled $1.9 billion, down from $2.2 billion last year, missing the $2 billion analyst forecast. Additionally, the board of directors declared a cash dividend of $0.15 per share, payable on March 25 to shareholders of record on March 11.

Insurance company Assured Guaranty Ltd. (NYSE:AGO) reported Wednesday night Q4 2013 non-GAAP EPS of $0.73 versus the Capital IQ consensus of $0.67. Year-ago non-GAAP EPS was $0.95. Revenue totaled $321 million, down from $447 million last year but is still better than the $292 million analyst forecast. AGO was up nearly 2% after hours.

Water and electric service company American States Water Co (NYSE:AWR) reported late Wednesday Q4 2013 net income of $11.8 million, or $0.30 per share, which would have topped the Capital IQ consensus of $0.19, if comparable. Year-ago net income was $10.3 million, or $0.27 per share. Revenues decreased year over year to $109.9 million from $111.5 million, falling below the $111 million analyst forecast.

 

 

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