It looks to me like a slight beat on revenues and, depending how the analysts view the positive 1 time items, either a slight miss or a slight beat on earnings. The share repurchase program continues but hasn't staunched the downhill slide. No increase in the yield reflected in the statement. The Vanscoy expansion continues. All in all, nothing to rave about.
Actual revenue 7.01B vs. 6.98B expectations - small beat on revenue
Actual adjusted EPS 4.94 vs. 4.98 expectations - big 4 penny miss on bottom line
Obviously an uninspired and unoriginal performance, nothing to write home about. The stock should give back today's gain and then some, because mgmt again has failed to acknowledge current market conditions.
The analysts are already calling it an earnings miss despite the company spin that this was their 2nd best quarter in their history. Which is the right thing to say when 1 time events plump up earnings.
Not sure if it is going to get beat up though on these results because the stock has been taking a beating for months. It is already working with a P/E of 8 which isn't exactly nose bleed scary.