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Latest earnings news
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April 27, 2000: 4:40 p.m. ET
Dow Chemical, MCI, Nokia, Network Solutions beat Street, EDS in line
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NEW YORK (CNNfn) - MCI WorldCom, Nokia, Aetna, Network Solutions and Dow Chemical turned in stronger-than-expected profits Thursday, continuing a trend for the latest quarter, and EDS matched Wall Street expectations.
Here's a summary of those and other earnings results:
EDS in line with estimates
Computer services giant EDS reported first-quarter earnings that were in line with analyst estimates, as its quarterly revenues rose five percent.
 EDS, the second-largest computer services provider after IBM Corp., said its first-quarter net income, excluding gains from the sale of investments, rose to $226.4 million, or 47 cents per share, from $181.8 million, or 36 cents, in the year-earlier period, matching the mean analyst forecast. [click here for full story]
Dow beats Street
Dow Chemical Co., the nation's second-biggest chemical producer, reported net income climbed to $415 million, or $1.83 a diluted share, from $329 million, or $1.47 a diluted share, a year ago. Sales grew to a record $5.38 billion from $4.42 billion. The results handily beat Wall Street forecasts of $1.65 a share, according to a survey of analysts by First Call, which tracks earnings estimates. [click here for full story]
MCI WorldCom edges forecast
MCI WorldCom Inc., the long-distance telephone company set to buy rival Sprint Corp., reported first-quarter profits of $1.3 billion, or 44 cents a share, compared with $712 million in the year-earlier period. First Call's consensus estimate was 43 cents a share. [click here for full story]
Nokia reports 55% rise in 1Q earnings
Nokia, the world's largest mobile-phone maker, reported net earnings of 891 million euros ($827 million) in the quarter, up from 505 million euros a year earlier. Pretax earnings rose 76 percent, well ahead of the average forecasts of analysts polled by Reuters. [click here for full story]
USA Networks' loss lighter then expected
USA Networks Inc., owner of Ticketmaster and the Home Shopping Network, reported a net first-quarter loss of $18.9 million, or 6 cents a diluted share, compared with a net profit of $7.5 million, or 2 cents a share, in the year-earlier period. First Call's consensus estimate was a loss of 14 cents a share. [click here for full story]
GTE meets expectations
GTE, which has agreed to be acquired by Bell Atlantic, earned $796 million, or 82 cents a share, excluding extraordinary items in the quarter, up from $723 million, or 74 cents a share, in the year-earlier period. First Call's consensus estimate was 82 cents a share. [click here for full story]
Network Solutions reports surprising profit
Network Solutions Inc., the world's leading registrar of Internet addresses, reported first-quarter earnings of $14.7 million, or 20 cents a share, compared with $4.8 million, or 7 cents a share, in the year-earlier period. First Call's consensus estimate was 14 cents a share. [click here for full story]
eToys' losses not as bad as expected
Internet toy retailer eToys Inc. reported a fiscal fourth-quarter loss of $36.6 million, or 30 cents a share, excluding one-time items, compared with a loss of $8.9 million, or 10 cents a share, a year-earlier. Analysts had forecast a loss of 32 cents a share. [click here for full story]
Kellogg earnings slightly above forecast
The nation's biggest breakfast cereal maker earned $161.7 million, or 40 cents a share, compared with $144.4 million, or 36 cents a share, before restructuring expenses, in the year-earlier period. First Call's consensus estimate was 39 cents a share. [click here for full story]
Aetna earnings thrash forecasts
Insurer Aetna Inc. earned $184.0 million, or $1.29 a diluted share, from operations, above Wall Street forecasts of $1.12 a share. A year earlier, earnings were $158.4 million, or $1.01 a diluted share. [click here for full story]
Phillips Petroleum profits skyrocket
Phillips Petroleum Co. reported earnings excluding special items of $271 million, or $1.06 a diluted share, compared with $4 million, or 2 cents a share, a year earlier. First Call's consensus estimate was $1.03 a share.
Engelhard Corp. earnings strong
Metals company Engelhard Corp. reported net earnings for the first quarter rose to $58 million, or 45 cents a diluted share, from $40.5 million, or 28 cents a share, a year earlier. Analysts' forecasts were 34 cents a share.
Newmont Mining disappoints
Newmont Mining Corp. reported first-quarter profits of $6.6 million, or 4 cents a share, compared with $9.9 million, or 6 cents per share, in the year-earlier period. First Call's consensus estimate was 9 cents a share
Clorox squeaks by Street
Household-products maker Clorox Co. reported fiscal third-quarter earnings of $114 million before extraordinary items, or 48 cents a share, up from $101 million, or 42 cents a share, in the year-earlier quarter. First Call's consensus estimate was 47 cents a share.
Del Monte meets expectations
Del Monte Foods Co. matched First Call's consensus estimate by reporting fiscal third-quarter earnings of $12 million before extraordinary items, or 23 cents a share, compared with $11.6 million before extraordinary items, or 22 cents a share, in the year-earlier quarter. 
-- Compiled by Tatiana Helenius and Mark Gongloff from staff and wire reports
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