With major indices swinging volatilely, investors are paying special attention to first-quarter earnings announcements for clues about the ultimate direction of the market. Are investors definitely trading in their most speculative high-tech picks in favor of more established companies with solid earnings? If so, in what sectors and issues will they put their money? First-quarter earnings will help guide these decisions.
is compiling all of its earnings news and analyses to make the job easier. We will update this section as soon as earnings reports arrive. To keep track of what's coming, we have a daily earnings
preview as well as a weekly earnings
Sun Microsystems Sizzles, Exceeding Expectations
Earnings rose 44% as revenues topped $4 billion for the first time.
Gateway's Earnings Rise 37%, While Meeting Expectations
The results disappointed analysts, who were looking for a penny more.
GE Narrowly Beats Estimates
GE Chairman Jack Welch said his company's performance is exceeding its 'anticipated long-term growth rate.'
Ameritrade Posts Gain Despite Forecast for Loss
However, it made less money than in the year-earlier fiscal quarter.
GM Zooms Past Expectations Despite Drop in Profit
The figure rose despite the drop in profit because the firm had fewer shares outstanding due to stock buybacks.
Honeywell Tops Estimates by a Penny
The company attributed the earnings increase to an 8% jump in revenue.
Unisys Results Slump but Meet Estimates
The company said revenue will continue to slump in the second quarter, but improve later in the year.
posted second-quarter earnings of 2 cents a share, well ahead of the 14-analyst estimate of a 4-cent loss, but down from the year-ago earnings of 5 cents. Ameritrade said net revenue totaled $170.3 million, compared with the year-ago $63.7 million, a jump of 167%.
Advanced Micro Devices
reported stronger-than-expected first-quarter earnings of $1.15 a share, slaughtering the 17-analyst estimate of 58 cents and the year-ago loss of 81 cents.
The company said that sales soared by 73% vs. the year-ago quarter due to demand for its Athlon and flash memory chips.
A number of brokerages released favorable research on AMD this morning.
raised its 2000 EPS view to $5.62 from $2.66,
Deutsche Banc Alex. Brown
raised its rating to buy from market perform and set a 12-month price target of 125,
raised its price target to 150 from 85, and
lifted its 2001 EPS view to $2.85 from 2.
Bausch & Lomb
posted first-quarter earnings from continuing operations of 42 cents a share, a penny ahead of the 13-analyst estimate and up from the year-ago 26 cents.
Capital One Financial
posted first-quarter earnings of 51 cents a share, in line with the 22-analyst estimate and up from the year-ago 39 cents.
reported first-quarter operating earnings of 85 cents a share, in line with the 30-analyst estimate, but down from the year-ago operating earnings of $1.00.
posted first-quarter operating earnings of 87 cents a share, well ahead of the 24-analyst estimate of 80 cents and up from the year-ago 68 cents.
Deutsche Banc Alex. Brown
cut FleetBoston to market outperform.
posted first-quarter earnings of 78 cents a share, a penny ahead of the 12-analyst estimate and up from the year-ago 65 cents.
posted first-quarter earnings from continuing operations of $2.80 a share, well above the 15-analyst estimate of $2.66 and up from the year-ago $2.68.
posted first-quarter earnings of 63 cents a share, a penny ahead of the 13-analyst estimate and up from the year-ago 55 cents.
reported net income of 38 cents a share, well ahead of the 21-analyst estimate of 33 cents and up from the year-ago 11 cents.
reported first-quarter earnings of 40 cents a share, a penny better than the 14-analyst estimate and up from the year-ago 38 cents.
posted first-quarter earnings, excluding a gain, of a penny a share, better than the seven-analyst estimate of a loss of 10 cents a share and above the loss of 36 cents in the year-ago period.
Northern States Power
reported first-quarter earnings of 30 cents a share, beating the seven-analyst estimate of 28 cents, but down from the year-ago 34 cents.
posted second-quarter earnings of 85 cents a share, a penny ahead of the 11-analyst estimate and up from the year-ago 74 cents.
posted first-quarter earnings of 93 cents a share, well above the nine-analyst estimate of 79 cents and the year-ago 69 cents.
posted first-quarter earnings of 34 cents a share, in line with the 11-analyst estimate, and up from the year ago 31 cents, after payment of preferred dividends.