Qualcomm (QCOM - Get Report), the chipmaker, blew past Wall Street's fiscal first-quarter estimates and offered robust second-quarter guidance. The San Diego-based company reported revenue of $6.02 billion, a 29% increase from a year earlier and well above analysts' forecasts of $5.9 billion. Excluding items, Qualcomm earned $1.26 a share, a rise of 30%. Analysts were looking for earnings of $1.13 a share. Qualcomm is projecting fiscal second-quarter revenue between $5.8 billion and $6.3 billion and earnings between $1.10 a share and $1.18 a share. Analysts forecast revenue of $5.88 billion and earnings of $1.10 a share. Qualcomm's Shares Surge as Business Goes Gangbusters
MasterCard (MA - Get Report) is expected by analysts Thursday to report fourth-quarter earnings of $4.82 a share on revenue of $1.89 billion.
Media giant Viacom (VIAB - Get Report) is expected by Wall Street to have earned 90 cents a share in the fiscal first quarter on revenue of $3.49 billion.
Citigroup (C - Get Report) is looking to pull out of consumer banking in more countries in an effort to lower costs and boost profits, Reuters reported, citing two people familiar with the matter. Citigroup said last month it was withdrawing from consumer banking in five countries -- Pakistan, Paraguay, Romania, Turkey and Uruguay -- as part of a plan to save $1.1 billion a year and eliminate 11,000 jobs, Reuters noted, but "there is more on the list," a source said.
Royal Dutch Shell (RDS.A), Europe's largest oil company, said fourth-quarter net earnings rose 2.6% to $6.67 billion, coming in below analysts' expectations. Shell said it would raise its dividend in 2013 to 45 cents a share, a 4.7% boost from the year earlier. The Fear Factor and Royal Dutch Shell
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.