Google Earnings Surge
Google (GOOG) posts $1.95 vs. $1.29 first quarter earnings per share (EPS) (Generally Accepted Accounting Principles) on a 79% revenue rise, as well as $2.29 non-GAAP EPS. It expects 2006 capex growth will be substantially greater than 2006 revenue growth.
Ford Motor (F) posts 24 cents (excluding special items) vs. 58 cents first quarter EPS from continuing operations on 9% lower sales.
eBay (EBAY) is talking to both Yahoo (YHOO) and Microsoft (MSFT) to determine whether one of them might be a worthy ally against a common threat: Google (GOOG), according to the Wall Street Journal.
SanDisk (SNDK) posts 17 cents vs. 39 cents first quarter EPS (GAAP) despite a 38% revenue rise. First quarter non-GAAP EPS was 44 cents EPS.
Broadcom (BRCM) posts 22 cents vs. 13 cents first quarter EPS (GAAP) on a 64% revenue rise.
RadioShack (RSH) posts 6 cents vs. 34 cents first quarter EPS on a 1% same-store sales drop and 3.3% total sales rise. It notes that wireless sales were below expectations, while write-downs in connection with the company's turnaround plan reduced pre-tax income by $10 million.
VeriSign (VRSN) posts 6 cents vs. 19 cents first quarter EPS (GAAP) on 3.5% lower revenue. It sees 23 cents to 24 cents second quarter EPS on revenue of $380 million to $385 million.
Schlumberger (SLB) posts 59 cents vs. 43 cents first quarter EPS from continuing operations (including charges and credits) on a 34% revenue rise. It is to acquire Baker Hughes' 30% minority interest in WesternGeco for $2.4 billion cash.
Royal Caribbean (RCL) posts 55 cents vs. 64 cents first quarter EPS on higher operating costs and a slight revenue drop. It expects second quarter net yields to increase 3% to 4% and EPS to be between 50 cents and 55 cents.
3M (MMM) posts $1.17 vs. 97 cents first quarter EPS (including stock option expenses) on an 8% sales rise. It raises 2006 EPS guidance to between $4.55 and $4.65 (including 16 cents stock option expense), and organic local-currency revenue growth to between 5.5% and 8%.
Chartered Semiconductor Manufacturing (CHRT) posts a penny first quarter EPS vs. 3 cents loss on a 96% revenue rise. It expects net income of around $16 million for the second quarter.
Foundry Networks (FDRY) posts 8 cents vs. 7 cents first quarter EPS (GAAP) on 35% higher revenue.
First Data (FDC) posts 48 cents vs. 47 cents first quarter EPS from continuing operations on a 10% revenue rise. It sees 52 cents to 55 cents second quarter EPS from continuing operations.
F5 Networks (FFIV) posts lower-than-expected 39 cents vs. 31 cents second quarter EPS on a 39% revenue rise. It sees 40 cents to 41 cents third quarter EPS on revenue of $96 million to $98 million.
TXU (TXU) plans to invest $10 billion in power generation in Texas.
Stryker (SYK) posts 49 cents vs. 41 cents first quarter EPS (non-GAAP) on a 9.8% sales rise. It sees $2.02 2006 adjusted EPS on an 11% to 14% sales rise.
First Republic Bank (FRC) posts 57 cents vs. 49 cents first quarter EPS on 23% higher net interest income, continued growth in deposits, and loan origination.
LM Ericsson (ERICY) posts SEK 0.29 vs. SEK 29 cents first quarter EPS despite a 24% sales rise. The company said assets acquired from Marconi Corp. generated a first quarter operating loss of about SEK 600 million.