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Exxon-Mobil Beats Earnings, But Look A Little Bit Closer At the Numbers

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Dunkin Brands (DNKN) reported earnings per share that came in line with the 33c that analysts expected. Revenue topped estimates, rising 9.8% year on year to 174.2 million. Dunkin also announced that they have just approved a quarterly dividend of 15c a share. Shares traded 1% higher on the news.

Dow Chemical (DOW) earnings per share and revenue declined from a year ago and fell short of the consensus. Earnings per share came in at 55c, 9c worse than analysts expected. Revenue declined 10% from last year to 14.51 billion, more than $1 billion less than expectations. Shares traded down more than 3% on the news.

McGraw-Hill (MHP) reported earnings per share that topped the expected 76c, coming in at 85c a share. Revenue was a slight miss, coming in at $1.55 billion. Full year guidance was reaffirmed.

Exxon-Mobil (XOM) beat EPS by a significant margin, coming in at $3.41 against the $1.95 that was expected. If the $7.5 billion gain based on taxes and divestments is taken out EPS would have come in at $1.80, 15c less than expected. Revenue came in at $127.36 billion, better than the expected $115.08 billion. Shares traded slightly lower on the news.

3M (MMM) beat earnings per share by a slight margin, coming in at $1.66 versus the $1.65 that was expected. Revenue fell short of both expectations and last years number, coming in at $7.53 billion.

United Technologies (UTX) beat earnings, reporting $1.62 against estimates of $1.41. Revenues were very light at $13.81 billion against estimates of $14.40 billion. Guidance was less than stellar, with the company forecasting $5.25 to $5.35 for full year EPS, down from $6.30 to $5.50, a 2% decline at the midpoint. Revenue guidance was also lower at $58B-$59B, below prior estimates of $61B-$62B.

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POSITION:  No positions in stocks mentioned.