Exxon Mobil Corp (NYSE: XOM) reported upbeat results for the first quarter. The company's
profit surged to $10.65 billion, or $2.14 per share, from $6.3 billion, or $1.33 per share, in the year-earlier period. The company's revenue increased to $114 billion, from $90.3 billion. However, analysts were expecting earnings of $2.04 per share on revenue of $112.6 billion.
AstraZeneca PLC (NYSE: AZN) reported upbeat profit for the first quarter. AZN reported its Q1 net income at $2.91 billion, up from $2.78 billion, in the year-earlier period. The company's revenue dropped to $8.29 billion from $8.58 billion. However, analysts were expecting net income of $2.86 billion on revenue of $8.39 billion.
Host Hotels and Resorts Inc (NYSE: HST) reported its Q1 net loss at $60 million, or $0.09 per share, versus a net loss of $84 million, or $0.13 per share, in the year-ago period. However, analysts were expecting a loss of $0.07 per share. The company's total sales increased 10% to $903 million. The company projects 2011 earnings of $0.01 to $0.06 per share and net income of $8 million to $42 million.
PepsiCo Inc (NYSE: PEP) reported a 20% decline in its Q1 net income. The company reported its Q1 net income at $1.14 billion, or $0.71 per share, down from $1.43 billion, or $0.89 per share, in the year-earlier period. The company's core earnings came in at $0.74 per share. The company's revenue surged 27% to $11.94 billion. However, analysts were expecting earnings of $0.73 per share on revenue of $11.71 billion. Pepsi continues to project 7% to 8% growth in its full-year 2011 earnings per share.
Potash Corporation of Saskatchewan Inc (NYSE: POT) reported better-than-expected earnings for the first quarter. The company's net profit came in at $732 million, or $0.84 per share, up from $444 million, or $0.49 per share year-ago. The company's sales increased 28% to $2.20 billion. However, analysts were expecting earnings of $0.78 per share on sales of $1.95 billion. PotashCorp projects Q2 net income of $0.70 to $0.90 per share and full-year earnings of $3.00 to $3.40 per share.
Procter & Gamble Co (NYSE: PG [FREE Stock Trend Analysis]) third-quarter profit increased to $2.87 billion, or $0.96 per share, from $2.59 billion, or $0.83 per share, in the year-ago period. The company's sales rose 5% to $20.23 billion. However, analysts were expecting earnings of $0.97 per share on sales of $20.24 billion. PG projects 2011 core earnings of $3.91 to $3.96 per share, versus analysts' estimates of $3.96 per share.
International Paper Co (NYSE: IP) swung to a first-quarter profit, from a loss in the year-ago period. The company reported its Q1 net profit at $342 million, or $0.78 per share, from a net loss of $162 million, or $0.38 per share, in the year-ago quarter. Excluding one-time items, the company's adjusted earnings came in at $0.74 per share. However, analysts were expecting earnings of $0.59 per share. The company's sales declined to $6.4 billion from $6.5 billion.
Dow Chemical Co (NYSE: DOW) reported upbeat earnings for the first quarter. The company's profit increased to $710 million, or $0.54 per share, from $551 million, or $0.41 per share, in the year-ago period. The company's adjusted earnings came in at $0.82 per share. However, analysts were expecting earnings of $0.67 per share. The company's sales increased 20% to $14.7 billion.
Sprint Nextel Corp (NYSE: S) reported lower-than-expected loss for the first quarter. The company's quarterly loss came in at $439 million, or $0.15 per share, compared with $865 million, or $0.29 per share, in the year-ago period. The company's revenue surged to $8.31 billion from $8.09 billion. However, analysts expected a loss of $0.22 per share on revenue of $8.2 billion. Aetna Inc (NYSE: AET) reported its Q1 profit at $586 million, or $1.50 per share, up from $562.6 million, or $1.28 per share, in the year-ago period. The company's operating earnings increased to $1.43 per share from $0.98 per share. The latest quarter results include a $0.29 per share gain from a favorable prior-period reserve development. However, analysts were expecting earnings of $0.97 per share. The company's total revenue dropped to $8.39 billion from $8.62 billion. AET now expects full-year 2011 adjusted earnings of $4.20 to $4.30 per share. The company also announced its plans to buy Prodigy Health Group for $600 million.
Bristol-Myers Squibb Co (NYSE: BMY) reported upbeat results for the first quarter on Thursday. The company's quarterly profit increased to $986 million, or $0.57 per share, from $743 million, or $0.43 per share. The company's net sales surged to $5.01 billion, from $4.81 billion. However, analysts were expecting earnings of $0.53 per share on sales of $4.98 billion.
Viacom Inc (NYSE: VIA [FREE Stock Trend Analysis]) reported a 53% surge in its fiscal second-quarter net income. The company reported its FQ2 net income at $376 million, or $0.63 per share, up from $245 million, or $0.40 per share, in the year-ago period. The company's adjusted earnings from continuing operations came in at $0.72 per share. The company's revenue increased to $3.27 billion from $2.73 billion. However, analysts expected earnings of $0.62 per share on revenue of $2.98 billion.
Colgate-Palmolive (NYSE: CL) reported EPS of $1.16 versus a $1.16 Street estimate. Colgate's revenues came in above expectations: $3.99B versus the 3.91B estimate.
EQT Corporation (NYSE: EQT) today announced first quarter 2011 earnings of $122.3 million, $34.2 million higher than the first quarter 2010. Operating cash flow was $249.1 million; 22% higher than the first quarter 2010. Reported earnings per diluted share were $0.82 for the quarter, up from the $0.65 reported in 2010.
Coca-Cola Enterprises (NYSE: CCE) reported its latest quarter EPS of $0.33 versus the consensus of $0.33. The company reported its revenue at $1.84 billion, versus the consensus of $1.82 billion.
Occidental Petroleum (NYSE: OXY) reported its quarterly EPS of $1.96 versus the consensus of $1.80. OXY reported its revenue at $5.73 billion, versus the estimates of $5.17 billion.
profit surged to $10.65 billion, or $2.14 per share, from $6.3 billion, or $1.33 per share, in the year-earlier period. The company's revenue increased to $114 billion, from $90.3 billion. However, analysts were expecting earnings of $2.04 per share on revenue of $112.6 billion.AstraZeneca PLC (NYSE: AZN) reported upbeat profit for the first quarter. AZN reported its Q1 net income at $2.91 billion, up from $2.78 billion, in the year-earlier period. The company's revenue dropped to $8.29 billion from $8.58 billion. However, analysts were expecting net income of $2.86 billion on revenue of $8.39 billion.
Host Hotels and Resorts Inc (NYSE: HST) reported its Q1 net loss at $60 million, or $0.09 per share, versus a net loss of $84 million, or $0.13 per share, in the year-ago period. However, analysts were expecting a loss of $0.07 per share. The company's total sales increased 10% to $903 million. The company projects 2011 earnings
of $0.01 to $0.06 per share and net income of $8 million to $42 million.PepsiCo Inc (NYSE: PEP) reported a 20% decline in its Q1 net income. The company reported its Q1 net income at $1.14 billion, or $0.71 per share, down from $1.43 billion, or $0.89 per share, in the year-earlier period. The company's core earnings came in at $0.74 per share. The company's revenue surged 27% to $11.94 billion. However, analysts were expecting earnings of $0.73 per share on revenue of $11.71 billion. Pepsi continues to project 7% to 8% growth in its full-year 2011 earnings per share.
Potash Corporation of Saskatchewan Inc (NYSE: POT) reported better-than-expected earnings for the first quarter. The company's net profit came in at $732 million, or $0.84 per share, up from $444 million, or $0.49 per share year-ago. The company's sales increased 28% to $2.20 billion. However, analysts were expecting earnings of $0.78 per share on sales of $1.95 billion. PotashCorp projects Q2 net income of $0.70 to $0.90 per share and full-year earnings of $3.00 to $3.40 per share.
Procter & Gamble Co (NYSE: PG [FREE Stock Trend Analysis]) third-quarter profit increased to $2.87 billion, or $0.96 per share, from $2.59 billion, or $0.83 per share, in the year-ago period. The company's sales rose 5% to $20.23 billion. However, analysts were expecting earnings of $0.97 per share on sales of $20.24 billion. PG projects 2011 core earnings of $3.91 to $3.96 per share, versus analysts' estimates of $3.96 per share.
International Paper Co (NYSE: IP) swung to a first-quarter profit, from a loss in the year-ago period. The company reported its Q1 net profit at $342 million, or $0.78 per share, from a net loss of $162 million, or $0.38 per share, in the year-ago quarter. Excluding one-time items, the company's adjusted earnings came in at $0.74 per share. However, analysts were expecting earnings of $0.59 per share. The company's sales declined to $6.4 billion from $6.5 billion.
Dow Chemical Co (NYSE: DOW) reported upbeat earnings for the first quarter. The company's profit increased to $710 million, or $0.54 per share, from $551 million, or $0.41 per share, in the year-ago period. The company's adjusted earnings came in at $0.82 per share. However, analysts were expecting earnings of $0.67 per share. The company's sales increased 20% to $14.7 billion.
Sprint Nextel Corp (NYSE: S) reported lower-than-expected loss for the first quarter. The company's quarterly loss came in at $439 million, or $0.15 per share, compared with $865 million, or $0.29 per share, in the year-ago period. The company's revenue surged to $8.31 billion from $8.09 billion. However, analysts expected a loss of $0.22 per share on revenue of $8.2 billion. Aetna Inc (NYSE: AET) reported its Q1 profit at $586 million, or $1.50 per share, up from $562.6 million, or $1.28 per share, in the year-ago period. The company's operating earnings increased to $1.43 per share from $0.98 per share. The latest quarter results include a $0.29 per share gain from a favorable prior-period reserve development. However, analysts were expecting earnings of $0.97 per share. The company's total revenue dropped to $8.39 billion from $8.62 billion. AET now expects full-year 2011 adjusted earnings of $4.20 to $4.30 per share. The company also announced its plans to buy Prodigy Health Group for $600 million.
Bristol-Myers Squibb Co (NYSE: BMY) reported upbeat results for the first quarter on Thursday. The company's quarterly profit increased to $986 million, or $0.57 per share, from $743 million, or $0.43 per share. The company's net sales surged to $5.01 billion, from $4.81 billion. However, analysts were expecting earnings of $0.53 per share on sales of $4.98 billion.
Viacom Inc (NYSE: VIA [FREE Stock Trend Analysis]) reported a 53% surge in its fiscal second-quarter net income. The company reported its FQ2 net income at $376 million, or $0.63 per share, up from $245 million, or $0.40 per share, in the year-ago period. The company's adjusted earnings from continuing operations came in at $0.72 per share. The company's revenue increased to $3.27 billion from $2.73 billion. However, analysts expected earnings of $0.62 per share on revenue of $2.98 billion.
Colgate-Palmolive (NYSE: CL) reported EPS of $1.16 versus a $1.16 Street estimate. Colgate's revenues came in above expectations: $3.99B versus the 3.91B estimate.
Coca-Cola Enterprises (NYSE: CCE) reported its latest quarter EPS of $0.33 versus the consensus of $0.33. The company reported its revenue at $1.84 billion, versus the consensus of $1.82 billion.
Occidental Petroleum (NYSE: OXY) reported its quarterly EPS of $1.96 versus the consensus of $1.80. OXY reported its revenue at $5.73 billion, versus the estimates of $5.17 billion.
