Markets & Finance

Intel Posts Lower Earnings


Intel (INTC) posts 23 cents (including stock comp expense) vs. 35 cents first quarter earnings per share (EPS) on a 5% revenue decline. It sees $8 billion to $8.6 billion second quarter revenue, and about 49% gross margin, and about 3% lower 2006 revenue.

General Motors (GM) posts 57 cents first quarter loss vs. $2.22 loss on a 14% revenue rise. It says its next key priority is to reach a consensual deal agreement with Delphi and its unions that makes sense for all of the parties.

eBay (EBAY) posts 17 cents vs. 19 cents first quarter EPS (GAAP) despite a 36% revenue rise. It sees 14 cents to 16 cents second quarter GAAP EPS on revenue of $1.37 billion to $1.415 billion and 65 cents to 71 cents 2006 GAAP EPS on revenue of $5.7 billion to $5.9 billion.

Bank of America (BAC) posts better-than-expected $1.07 vs. $1.07 first quarter EPS on a 31% revenue rise.

Apple Computer (AAPL) posts 47 cents vs. 34 cents second quarter EPS on a 35% revenue rise. It sees 39 cents to 43 cents third quarter EPS on $4.2 billion to $4.4 billion in sales.

Qualcomm (QCOM) posts 34 cents vs. 31 cents second quarter EPS on a 34% revenue rise. It sees 30 cents to 32 cents third quarter EPS on revenue of $1.77 billion to $1.87 billion and $1.31 to $1.35 fiscal year 2006 EPS on $7.1 billion to $7.4 billion revenue.

PortalPlayer (PLAY) says the follow-on to its PP5021 System-on-Chip (SoC), which is expected to be available in the second half of 2006, has not been selected by Apple Computer for use in its mid-range, high-end flash based iPods.

Merck (MRK) posts 69 cents vs. 62 cents first quarter EPS on a 1% sales rise. It sees 55 cents to 61 cents second quarter reported EPS and $2.02 to $2.16 in 2006.

Nokia (NOK) posts EUR 0.25 vs. EUR 19 cents first quarter EPS on a 29% sales rise. It says the first quarter device market share of 35% is up 1% sequentially and up 3% year over year, based on preliminary market estimates.

E Trade Financial (ET) posts 33 cents vs. 24 cents first quarter EPS on a 43% revenue rise. It raises 2006 EPS guidance to $1.35 to $1.50 from $1.30 to $1.45, excluding 5 cents acquisition-related integration expenses.

Steel Dynamics (STLD) posts $1.52 vs. $1.12 first quarter EPS on 17% higher revenue. It expects second quarter results to equal and exceed the first quarter due to continued strong demand, favorable pricing trends, moderate steel scrap cost increases, and declining utility costs.

Equifax (EFX) posts 48 cents vs. 44 cents first quarter EPS on a 8.9% revenue rise.

Moneygram (MGI) posts 36 cents vs. 32 cents first quarter EPS on a 17% revenue rise. It raises 2006 EPS guidance to between $1.36 and $1.41.

SAP (SAP) posts EUR 0.91 vs. EUR 0.82 first quarter EPS (basic) on an 18% revenue rise. It sees EUR 5.80 to EUR 6.00 2006 pro forma EPS, which exclude stock-based compensation, acquisition-related charges, and impairment-related charges.

Continental Airlines (CAL) posts 76 cents first quarter loss vs. $2.79 loss on an 18% revenue rise.

Texas Capital Bancshares (TCBI) posts 25 cents vs. 20 cents first quarter EPS on a 54% rise in interest income.

City National (CYN) posts lower-than-expected $1.12 vs. $1.09 first quarter EPS on a 5% revenue rise. It lowers 2006 EPS growth guidance to between 8% and 10%.

Swift Transportation (SWFT) posts 50 cents vs. 26 cents first quarter EPS on a 2.7% revenue rise. It cautions against projecting the scope of this quarter's rate of improvement for subsequent quarters.

Moneygram (MGI) posts 36 cents vs. 32 cents first quarter EPS on a 17% revenue rise. It raises 2006 EPS guidance to between $1.36 and $1.41.

Boston Private Financial Holdings (BPFH) sees 34 cents to 36 cents first quarter GAAP EPS.

Newmont Mining (NEM) is among mining stocks seen lower in sympathy with sharp drops in gold, silver, and copper prices. Separately, Newmont Mining posts 46 cents vs. 19 cents first quarter EPS on 21% higher revenue.

Rambus (RMBS) posts 2 cents vs. 4 cents first quarter EPS despite a 19% revenue rise.

Fairchild Semiconductor (FCS) posts 21 cents first quarter EPS vs. 9 cents loss on a $13% revenue rise. It expects second quarter gross margins to rise about 50 to 100 basis points sequentially due to expected improvements in its product mix and slightly better utilization.

AU Optronics (AUO) posts 35 cents first quarter EPADS vs. $4.30 loss per ADS on a 71% rise in revenue.

Steven Madden (SHOO) expects first quarter net sales to increase about 30% year over year to $108 million, driven by stronger-than-anticipated sales in its wholesale segment. It sees 72 cents to 74 cents EPS.


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus