First-Quarter Earnings Announcements
TheStreet.com
is compiling all of its earnings news and analyses in one convenient location to make it easier for our readers to see where earnings are headed. 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
calendar.
Wednesday's Earnings
Amazon Reports Narrower-Than-Expected Loss, Beating Estimates by a Penny
The company added 3.1 million new customers and reported sales of $574 million.
Oxford Surpasses Expectations by 8 Cents as Shares Rally
The strong quarter was attributed to capital restructuring and lower-than-expected medical and administrative costs.
Anheuser-Busch Earnings Strengthen on Beer Sales
Sales rise in spite of price increase, boosting margins.
Sara Lee Meets Expectations as Earnings Rise 7%
Growth was based on the company's solid performance of its main brands and recent coffee acquisitions.
McKesson Shares Fall on Disappointing Earnings Results
Revenue rose to $9.3 billion from $8.3 billion a year ago.
Interpublic Group Profits Jump 27%, Beating Estimates by 2 Cents
The ad agency credited new business, acquisitions and cost containment for the better-than-expected earnings.
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More Energy Companies Benefit From Oil and Gas Inflation
Chevron, Kerr-McGee and Unocal all beat estimates.
Viacom Easily Tops Estimates
Units MTV and Showtime had stellar quarters.
Nextel Tops Estimates
A sharp increase in revenue boosted the data.
Also Wednesday
Allegheny Technologies
(ATI) - Get Allegheny Technologies Incorporated Report
posted first-quarter earnings of 47 cents a share, which includes special items. This compares to the year-ago report of 41 cents. The eight-analyst estimate expected the company to post earnings of 34 cents.
eBay
posted first-quarter earnings of 6 cents a share, topping the 24-analyst estimate of a 3-cent profit and surpassing the year-ago report of 4 cents a share. The online auctioneer said its first-quarter sales tallied $85.8 million, doubling the year-ago result of $42.8 million. eBay also set a 2-for-1 stock split.
JDS Uniphase
(JDSU)
reported pro forma earnings for its fiscal fourth quarter of $85.8 million, or 11 cents per share, a penny
better than the 10 cents per share Wall Street had expected. The Canadian- and Silicon Valley-based maker of fiber-optics equipment for the telecommunications industry reported revenue of $394.6 million, 40% above sales in the quarter ended Dec. 31, and 2 1/2 times the pro forma sales in the year-earlier period. The company's results reflect the performance of three acquired companies but exclude the affects of accounting charges related to those and other acquisitions.
Including merger-related and other costs, JDS Uniphase reported a net loss of $240.9 million, or 32 cents per share. The company's stock surged 13, or 16%, Tuesday to 93 5/16, on the strength of a strong earnings report earlier in the day from competitor
Corning
(GLW) - Get Corning Inc Report
. Shares of momentum-investor darling JDS Uniphase -- colorful traders believe its stock symbol stands for "Just Don't Sell Us" -- remain 39% below their March 7 high of a split-adjusted 153 3/8.
McKesson HBOC
(MCK) - Get McKesson Corporation Report
posted fourth-quarter earnings of $1.52 a share, which includes special items. This compares to the year-ago loss of 22 cents a share, which also included extraordinary items. Excluding items, the 13-analyst estimate expected the company to report earnings of 29 cents.
