Boston, MA 01/16/2013 (wallstreetpr) – EMC Corporation (NYSE:EMC) has announced that it will update investors and analysts of its Q4 and full-year 2013 financial performance on January 29. In a news release, the company stated that details of the financial results will be discussed at a conference call soon after the earnings release. Investors will also be able to access the details on the company’s website or that of the U.S. Securities and Exchange Commission.
As EMC reports its Q4 and full fiscal 2013 data, investors should check to see if the company is making progress in its business. The best way to do this is putting the new data next to what the company has reported in recent times to see a trend, if any, exists.
Previous earnings and expectations
Therefore, as you wait for the January 29, financial results have it in mind that in the last reporting, the company missed consensus estimates on earnings and revenue. EMC Corporation (NYSE:EMC) reported earning $0.40 per share in the third quarter when analysts had expected $0.45 in the quarter. Revenue was $5.54 billion for the quarter while Thomson Reuters consensus estimated was $5.80 billion.
Compared to a year earlier, earnings for Q3 were flat while revenue was up 4.9 percent. The expectation is that the company will post positive results this time around, with full-year EPS coming at $1.80.
Having faltered in the first nine months of 2013 compared to the same duration in the previous year, the company should strive to win investor confidence by issuing results which reveal progress in its income and revenue.
Dividend declaration
EMC Corporation (NYSE:EMC) plans to pay Q3 quarterly dividend of $0.10 per share on January 23, which captures shareholders of record as of January 8. This newly declared dividend represents $0.40 dividend on annualized basis and yield of 1.59 percent.
Analysts’ sentiments
Analysts have been weighing in with comments on the stock of EMC Corporation (NYSE:EMC). The stock’s most recent rating came from analysts at Macquarie who initiated the stock with a “neutral” note. Many other analysts have commented on the stock with various notes. The stock now has a consensus “buy” notes.
