YRC Worldwide (YRCW): Q1 EPS -$0.81 not comparable to consensus of -$0.25. Revenue of $2.23B in line. Sees Q2 EPS of $0.30-0.40, better than consensus of $0.33.
Vale (RIO): Q1 EPS of $0.41 misses consensus of $0.52. Revenue of $8.05B vs. consensus of $8.74B. Shares fell 5%
Microsoft (MSFT): FQ3 EPS of $0.47 beats consensus of $0.44. Revenue of $14.45B vs consensus $14.5B. Sees Q4 EPS of $0.45-0.48, lower than consensus of $0.48, and revenue of $15.5-15.8B vs. consensus of $15.56B. Sees 2008 EPS of $2.13-2.19, better than consensus of $1.87, and revenue of $66.9-68B vs. consensus of $60.18B. Shares fell 5%.
MEMC (WFR): Q1 EPS of $0.84 misses consensus of $0.85. Revenue of $501M in line. Sees Q2 revenue of $540-570M vs. consensus of $566M. Shares fell 3.65%.
KLA-Tencor (KLAC): FQ3 EPS of $0.67 beats consensus of $0.63. Revenue of $602M vs. consensus of $586M. Shares gained 0.8%.
Ingram Micro (IM): Q1 EPS of $0.37 misses consensus of $0.39. Revenue of $8.58B vs. consensus of $8.87B. Sees Q2 EPS of $0.34-0.37 vs. consensus of $0.37, and revenue of $8.5-8.75B vs. consensus of $8.56B. Shares fell 1.6%.
CNet Networks (CNET): Q1 EPS of -$0.04 in line. Revenue of $91M vs. consensus of $94M. Sees Q2 EPS flat vs. consensus of $0.01, and revenue of $100-104M vs. consensus of $103M. Sees 2008 EPS of $0.03-0.04 vs consensus of $0.07, and revenue of $440-460M vs. consensus of $444M. Shares gained 1.2%.
Cheesecake Factory (CAKE): Q1 EPS of $0.21 in line. Revenue of $393.8M vs. consensus of $396.3M. Shares gained 0.6%.
Baidu.com (BIDU): Q1 EPS of $0.67 beats consensus of $0.60. Revenue of $81.9M vs. consensus of $75.39M. Sees Q2 revenue of $111-114M vs. consensus of $101M. Shares gained 2.2%.
American Express (AXP): Q1 EPS of $0.84 beats consensus of $0.81. Revenue of $7.19B in line. Shares gained 4.54%.
Amgen (AMGN): Q1 EPS of $1.12 beats consensus of $1.04. Revenue of $3.61B in line. Sees 2008 EPS of $4.00-4.30 vs. consensus of $4.18, and 2008 revenue of $14.2B-14.6B vs. consensus of $14.51B. Shares gained 0.2%.
AmeriCredit (ACF): FQ3 EPS of $0.31 beats consensus of $0.21. Revenue of $639M vs. consensus of $630M. Shares climbed 6.8%.
Altria Group (MO): Q1 EPS of $0.37 in line. Revenue of $4.41B vs. consensus of $3.83B. Shares fell 1.8%.
QUALCOMM (QCOM): FQ2 EPS of $0.54 beats consensus of $0.52. Revenue of $2.61B vs. consensus of $2.5B. Sees Q3 EPS of $0.50-0.52, in line, and revenue of $2.5-$2.7B vs. consensus of $2.47B.
Pulte Homes (PHM): Q1 EPS of -$2.75, worse than consensus of -$0.77. Revenue of $1.4B in line. Pulte took a $664M charge related to inventory impairments and other land-related charges.
Potash (POT): Q1 EPS of $1.74 beats consensus of $1.52. Revenue of $1.8B vs. consensus of $1.67B. Sees Q2 EPS of $2.20-2.50, better than consensus of $2.27. Potash raised its 2008 EPS forecast to $9.50-10.50 from $6.25-$7.25, vs. consensus of $8.62. Shares are up 3.9% in the pre-market.
PepsiCo (PEP): Q1 EPS of $0.70 was in line. Revenue of $8.33B vs. consensus $7.97B. Pepsi expects 3-5% volume growth in 2008.
Motorola (MOT): Q1 loss of $0.09/share, worse than consensus of $0.07. Revenue of $7.45B vs. consensus of $7.75B. Sees Q2 EPS of -$0.02-0.04 vs. consensus of $0.01.
Ford (F): Q1 EPS of $0.05, far better than the consensus of -$0.16. Revenue of $39.4B vs. consensus of $38.46B. CEO Alan Mulally said the remainder of year will be a challenge, but that he’s cautiously optimistic.
Credit Suisse (CS): Q1 net loss of CHF 2.15B after taking a CHF 5.3B ($5.2B) writedown on CDOs, LBO debt and mortgage-backed securities. Net revenue was CHF 3.02B, down 72%. “The number of times people have seen the light at the end of the tunnel it turned out to be a train coming down the tracks,” CEO Brady Dougan said. CDO and leveraged-loan exposure was down considerably. “The fact that they have trimmed their exposure so dramatically is good, and to me means this is the last unprofitable quarter,” Landsbanki Kepler analyst Dirk Becker said. Shares were up 2.1% in pre-market trading.
Chipotle Mexican Grill (CMG): Q1 EPS of $0.52 beats consensus of $0.48. Revenue of $305.3M vs. consensus of $298.4M. Expects 2008 comparable restaurant sales growth in the mid-single-digits.
Amazon.com (AMZN): Q1 EPS of $0.34 beats consensus of $0.32. Revenue of $4.13B vs. consensus of $4.08B. Sees Q2 sales $3.875-4.075M, better than consensus of $3.84B.
Apple (AAPL): FQ2 EPS of $1.16 beats consensus of $1.07. Revenue of $7.51B vs. consensus of $6.96B. Apple sees Q3 EPS of about $1.00, less than consensus of $1.10, and revenue of about $7.2B, in line. Gross margin fell to 32.9% from 35.1% Y/Y. Mac shipments soared 51% from a year ago, and now account for 47% of AAPL’s total revenue. It sold 1.7M iPhones, in line with estimates. iPod sales were up just 1% to 10.6M. Shares are down 0.8% in pre-market trading. “The Mac business is on fire,” Piper Jaffray’s Gene Muster said. But “investors wanted more of the phenomenal revenue flowing through to the bottom line.”
Yahoo (YHOO) surpassed estimates with EPS of $0.11 (consensus: $0.09); revenue rose 14.3% to $1.35B (consensus: $1.32B). It reiterated 2008 revenue guidance of $7.2-8B. While impressive, analysts said the beat would not be enough to jolt a substantially higher bid from suitor Microsoft.
Ambac (ABK): Loss of $6.93/share vs. -$1.31 consensus (that’s right). Writedowns on credit derivative exposure were $1.725B. “The housing market crisis continues to disrupt the global credit markets and our credit derivatives and direct mortgage portfolios were severely impacted once again,” but ABK says it exceeds S&P’s AAA capital target by a comfortable margin and that it has enough capital to get it through the difficult period.
Boeing (BA): EPS of $1.62 vs. $1.35 consensus. Revenue of $15.99B (+4.1%) vs. $16.52B consensus. Boeing sees 2008 EPS of $5.70-5.85 vs $5.93 consensus and revenue of $72-73B vs. $74.49B consensus.
Delta Air Lines (DAL) lost $0.69/share, worse than the $0.51/share loss analysts predicted. Revenue of $160.5M beat the $138M consensus.
EMC (EMC): Q1 EPS of $0.16 in line. Revenue of $3.47B in line.
VMware (VMW) posted a modest Q1 beat (EPS of $0.22 in line; revenue of $438M vs. consensus of $422M), but that didn’t stop traders from bidding up shares 14.6% in AH trading. VWware expects 50% revenue growth in 2008, or about $1.99B — in line with estimates. License revenue grew 73% to $294M; service revenue increased 62% to $144M.
Broadcom (BRCM): EPS $0.14 (not comparable with $0.28 consensus). Revenue: $1.03B (+14.5%) vs. $0.99B consensus. BRCM said stronger-than-expected results were due to greater demand in its traditional wireline business. It remains cautious on the macroeconomic front, but sees “solid revenue growth” in Q2. Shares rose 9%.
Yum! Brands (YUM) beat by $0.02 with EPS of $0.42. Revenue: $2.41B (+8.3%) vs. $2.35B consensus. 2008 EPS guidance of $1.87 vs. $1.86 consensus. Shares were flat in AH.
AT&T (T) posted in-line EPS and revenue of $0.74 and $30.74B. Wireless subscribers were up 1.3M (8.7%) vs. a year ago on strong iPhone sales. Ever since AT&T and Apple cut the price, every single week they’ve been taking market share from Verizon. Broadband revenue grew 13.2% to 14.6M. U-verse TV subscribers were up 148,000 to 379,000 — on track to reach target AT&T’s year-end target of 1M+.
Western Union’s (WU) EPS of $0.29 beat estimates by a penny. Revenue of $1.3B was in line. WU sees 2008 EPS of $1.25-1.29 vs. consensus of $1.27, and 2008 revenue growth of 9-11%.
Lockheed Martin (LMT) beat by $0.12 with EPS of $1.75. Revenue of $9.98B (+7.3%) beat estimates of $9.69B. For 2008, LMT sees EPS of $7.15-7.35 (consensus: $7.37) and revenue of $41.8-42.8B (consensus: $42.8B).
McDonald’s (MCD) reported Q1 EPS of $0.81, beating estimates by $0.11. Revenue of $5.61B (+6.1%) also exceeded estimates of $5.4B. Global same-store sales gained 7.4% (consensus: 6.4%).
JetBlue Airways (JBLU) lost $0.04/share, better than the $0.07 loss analysts forecast. Revenue of $816M (+34.2%) was better than the $786M consensus. JBLU says it will now allow customers one free bag check; the second will cost $20.