On Wednesday positive earnings reports were everywhere as U.S. corporate results continued to upstage Greece, Portugal, and Spain debt downgrades by S&P...
Sprint Subscriber Losses Slow, Helped by Contract-Free Plans
BusinessWeek - Amy Thomson
April 28 (Bloomberg) -- Sprint Nextel Corp., the third- largest US mobile-phone carrier, reported better-than-expected subscriber numbers for the first quarter after luring more customers with smartphones and contract-free plans.
Northrop Grumman's Profit Rises
Wall Street Journal - Matt Jarzemsky
Northrop Grumman Corp. reported a 21% increase in first-quarter profits, as sales grew in nearly all of its businesses, and the aerospace and defense company raised its full-year earnings forecast.
Northrop Profit Beats Estimates on Sales of Drones BusinessWeek
Barrick Gold 1Q profit more than doubles
Washington Post - Sandy Shore
AP DENVER -- Barrick Gold Corp., the world's biggest gold producer, said Wednesday its first-quarter profit more than doubled on surging prices, driven by strong investor demand and signs of an improving economy.
Barrick Profit Tops Estimate on Higher Gold Price BusinessWeek
Glaxo Earnings Beat Goals on Flu Shots; Shares Gain
BusinessWeek - Trista Kelley
April 28 (Bloomberg) -- GlaxoSmithKline Plc reported first- quarter profit that beat analysts' estimates, boosted by sales of a vaccine for pandemic influenza.
Higher Sales Boost Glaxo's Net Wall Street Journal
Dow Chemical profit, revenue spike; shares jump
Reuters - Ernest Scheyder, Lisa Von Ahn
NEW YORK, April 28 (Reuters) - Dow Chemical Co (DOW.N) posted a much better-than-expected first-quarter profit on Wednesday as higher pricing and volume pushed revenue up around the globe, boosting shares 4.3 percent in morning ...
Dow Chemical Profit Surges, Tops Analysts' Estimates BusinessWeek
Dow Chemical Profit Soars Wall Street Journal
General Dynamics Profit Climbs on Information Systems
BusinessWeek - Gopal Ratnam
April 28 (Bloomberg) -- General Dynamics Corp., the maker of Abrams battle tanks and Gulfstream business jets, said first- quarter profit rose 1.2 percent on sales of computer-systems services.
General Dynamics sees margins, 1Q profit increase Newsday (subscription)
WellPoint profit tops estimates
Reuters - Lewis Krauskopf, Derek Caney
NEW YORK (Reuters) - Health insurer WellPoint Inc (WLP.
WellPoint Profit Jumps 51% as Medical Costs Moderate BusinessWeek
WellPoint Profit Rises 51% Wall Street Journal
Goodyear quarterly loss narrows, tops Street view
Reuters - David Bailey, Gerald E. McCormick
DETROIT (Reuters) - Goodyear Tire and Rubber Co (GT.N) posted better-than-expected quarterly results on Wednesday as revenue rose in all regions from the deeply pressured quarter a year before and shares rose 3 percent.
Goodyear narrows loss amid stronger demand MarketWatch
Goodyear in black on operating basis in Q1 Tire Business
Royal Caribbean Q1 bright, lifts 2010 outlook
Reuters - Richard Solem, Hans Peters
OSLO, April 28 (Reuters) - Royal Caribbean Cruises Ltd (RCL.N) (RCL.OL) posted forecast-beating first-quarter profit, with demand starting to pick up as economies emerge from recession, and lifted its forecast for 2010 earnings.
Corning profit jumps as TV, monitor demand rises
Reuters - Franklin Paul, Lisa Von Ahn
NEW YORK (Reuters) - Specialty glass maker Corning Inc (GLW.N) posted a better-than-expected quarterly profit on Wednesday, driven by strong demand for glass for flat screen televisions and computer monitors.
Owens Corning Posts Profit Wall Street Journal
Corning Profit Tops Estimates on Flat-Panel Rebound BusinessWeek
SAP posts double-digit Q1 growth, keeps outlook
Reuters - Nicola Leske, Christoph Steitz
FRANKFURT, April 28 (Reuters) - Germany's SAP AG (SAPG.DE) posted double-digit growth in first-quarter sales and operating profit, underscoring a rebound in corporate technology spending seen across the industry.
SAP 1Q Net Profit Soars On Spending Recovery Wall Street Journal
Bloomberg - MarketWatch - PC World
As of last Friday 83% of S&P 500 companies had already posted results above analysts' expectations... given this week's results thus far, firms are looking to best that percentage.
As of last Friday 83% of S&P 500 companies had already posted results above analysts' expectations... given this week's results thus far, firms are looking to best that percentage.
Posts
What is your prediction for 1st quarter GDP? Better than consensus estimate of 3.5% growth?
ReplyDeleteI caught someone on Bloomberg radio this morning talking about how "surprised" analysts are that corporate earnings have been so much more robust than forecast. They're forever underestimating the resiliency of our economy.
ReplyDelete