Earnings Recap For January 22: GE, Kansas City Southern & Legg Mason Surprise Some

General Electric Company (NYSE: GE) reported fourth quarter GAAP EPS of $0.64 on sales of $33.89 billion (versus consensus at $36 billion) on Friday. Operating EPS came in at $0.31, and EPS from continuing operations came in at $0.26 – well below the expected $0.49.

Kansas City Southern (NYSE: KSU) delivered adjusted EPS of $1.23, 13 cents above consensus estimates, on revenue of $598 million, slightly below the $601.8 millionestimate.

SunTrust Banks, Inc. (NYSE: STI)’s earnings came in at $0.91 per share, four cents above projections, on revenue of $2.05 billion, pretty much in line with consensus at $2.04 billion.

SAP SE (ADR) (NYSE: SAP) retrieved IFRS EPS of €1.07, versus consensus at €1.10. Non-IFRS EPS came in at €1.40, versus estimates of €1.31.

Rockwell Collins, Inc. (NYSE: COL) reported EPS from continuing operations at $1.00, in line with the Street’s projections, on sales of $1.169 billion, which fell short of estimates of $1.22 billion.

Synchrony Financial (NYSE: SYF)’s EPS of $0.65 beat estimates by 2 cents.

Citizens Financial Group Inc (NYSE: CFG)’s EPS of $0.42 came in in-line with the Street’s consensus.

Ameris Bancorp (NASDAQ: ABCB)’s earnings of $0.47 per share fell 4 cents short of expectations.

South State Corporation (NASDAQ: SSB) beat EPS estimates of $1.09, reporting EPS of $1.11. The company also raised its quarterly dividend by 2 cents to $0.28 per share.

Legg Mason Inc (NYSE: LM) reported a GAAP net loss of $(1.31). However, adjusted EPS came in at $1.45, versus consensus of $0.70.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.