When all you read is gloom, turn here for a much different perspective.

Wednesday, April 28, 2010

Positive Earnings Headlines Continue To Upstage Greece Woes

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.

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.

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 ScheyderLisa 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 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.

WellPoint profit tops estimates 

Reuters - Lewis KrauskopfDerek Caney
NEW YORK (Reuters) - Health insurer WellPoint Inc (WLP.
WellPoint Profit Rises 51% Wall Street Journal

Goodyear quarterly loss narrows, tops Street view 

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.

Royal Caribbean Q1 bright, lifts 2010 outlook 

Reuters - Richard SolemHans 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 PaulLisa 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

SAP posts double-digit Q1 growth, keeps outlook 

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.
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.

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