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Latest earnings news
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October 17, 2000: 9:38 p.m. ET
Citigroup, Merrill Lynch, J&J, Delta beat forecasts; Philip Morris in line
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NEW YORK (CNNfn) - Xilinx, Schlumberger, i2Technologies and RealNetworks beat Wall Street estimates Tuesday, while Handspring posted a narrower-than-expected first quarter loss.
In addition, Citigroup, Caterpillar, Merrill Lynch, Phelps Dodge and Delta Air Lines all posted better-than-expected profits. Johnson & Johnson edged past estimates and IBM, Honeywell and Philip Morris matched forecasts, although Honeywell warned on the upcoming fourth quarter. Sprint earnings beat target and Intel beat the Street's already-reduced targets.
Click here to see how the Dow 30 have fared this earnings season.
Freddie Mac edges estimates
Freddie Mac (FRE: Research, Estimates), the home-loan agency, said Tuesday third-quarter profits rose 14 percent, beating analysts' expectations. The company earned $645 million, or 86 cents a diluted share, compared with $564 million, or 74 cents a share, in the year-ago period. Wall Street had expected Freddie Mac to earn 85 cents a share, according to First Call/Thomson Financial. Total revenue grew by 13 percent to $1.12 billion.
Xilinx crosses target
Xilinx (XLNX: Research, Estimates), a supplier of programmable logic chips, posted a fiscal second-quarter operating profit that beat the Street's expectations on sales that rose more than 80 percent from the same period last year. (Click here for full story)
Schlumberger slips past
Schlumberger Ltd (SLB: Research, Estimates)., the world's No. 2 oilfield services company, said Tuesday its third-quarter earnings rose a slightly stronger-than-expected 85 percent as soaring oil and natural gas prices drove a further recovery in its markets. (Click here for full story)
RealNetworks hits the mark
Web software company RealNetworks (RNWK: Research, Estimates) reported a third-quarter profit on par with forecasts, on revenue that nearly doubled year-ago levels, but unimpressed investors dumped the stock in after-hours trade.(Click here for full story)
Handspring narrows loss
Handspring Inc., (HAND: Research, Estimates) which competes against Palm in the personal digital assistant market, posted a fiscal first-quarter loss that was smaller than what analysts had forecast, while its revenue rose 36 percent from the fourth quarter. (Click here for full story)
i2 Technologies beats estimates
Business-to-business software firm i2 Technologies (ITWO: Research, Estimates) turned in third-quarter earnings that came in above Wall Street estimates. The company reported net income of $28.8 million, or 12 cents a share, beating the consensus estimate of 10 cents a share. Earnings per share doubled from the company's year-ago results of $10 million, or 6 cents a share.(Click here for full story)
IBM meets the Street
Computer hardware, software, and services giant IBM (IBM: Research, Estimates) reported third-quarter net income that was in line with analyst estimates, although its revenue fell short of forecasts. (Click here for full story)
Intel beats lower targets
Intel Corp. (INTC: Research, Estimates) on Tuesday turned in a third-quarter profit of 41 cents per share, exceeding analysts' recently reduced forecasts following a warning from the semiconductor giant late last month. (Click here for full story)
Citigroup beats estimates
Dow component Citigroup said earnings before one-time items rose 27 percent to about $3.1 billion, or 67 cents a diluted share, from $2.4 billion, or 53 cents a share, in the year-earlier quarter. Wall Street forecasts for Citigroup (C: Research, Estimates) were for a profit of 65 cents a share, according to market research firm First Call. [Click here for full story]
Sprint beats 3Q target
Sprint (FON: Research, Estimates) said Tuesday its third-quarter earnings rose 7 percent, helping the phone company beat reduced per-share expectations by a penny. [Click here for full story]
Caterpillar beats forecasts
Heavy equipment maker Caterpillar (CAT: Research, Estimates) plowed past earnings forecasts to post an unexpected rise in third-quarter earnings per share Tuesday. [click here for full story]
Philip Morris meets Street
Philip Morris (MO: Research, Estimates) reported third-quarter profits, excluding one-time items, of 99 cents a share, matching Wall Street forecasts. The maker of Marlboro cigarettes and Miller beer said revenue edged up about 1 percent to $20.1 billion in the quarter. [Click here for full story]
Merrill profits jump
Merrill Lynch (MER: Research, Estimates) earnings rose 53 percent to 94 cents a share, topping Wall Street forecasts of 86 cents a share. Higher fees from managing clients' money helped offset a drop in income from advising on mergers and acquisitions. [Click here for full story]
J&J beats Street by penny
Johnson & Johnson (JNJ: Research, Estimates) reported profit of 89 cents a share, a penny above Wall Street forecasts and up 14 percent from a year earlier. The maker of Tylenol painkillers, Band Aids and various prescription drugs said sales rose 4.6 percent to $7.2 billion. [Click here for full story]
Honeywell on target but may miss 4Q
Honeywell (HON: Research, Estimates) reported profits, excluding one-time items, of 76 cents a share for the quarter, matching Wall Street forecasts. But it said it expects fourth-quarter earnings of 86 to 88 cents a share, versus average forecasts of 88 cents a share, according to First Call. [Click here for full story]
Royal Philips noses past estimates
Royal Philips Electronics NV (PHG: Research, Estimates), one of Europe's top semiconductor and consumer electronics makers, reported third-quarter core earnings that more than doubled, nosing past analysts' estimates, amid strength in its chip and electronics components businesses. [Click here for full story]
Enron profits rise on strength in energy
Enron (ENE: Research, Estimates), North America's biggest buyer and seller of electricity and natural gas, said earnings rose to 34 cents a share from 27 cents a share a year earlier, as online trading helped drive strong growth at its wholesale energy operations. Wall Street analysts had forecast profits of 32 cents a share, according to First Call. [Click here for full story]
Delta Air flies past forecasts
Delta Air Lines (DAL: Research, Estimates) reported a profit, excluding one-time items, of $2.08 a share for the latest quarter, 2 cents above Wall Street forecasts and up from $1.91 a share a year earlier. Including charges for accounting changes and other items, the No. 3 U.S. airline's net profits fell 52 percent in the quarter. [Click here for full story]
McGraw-Hill and Knight-Ridder both beat Street
The publishers both reported strong third-quarter revenues and profits Tuesday that exceeded Wall Street analysts' expectations. [click here for full story]
Associates First meets forecasts
Associates First Capital (AFS: Research, Estimates), the biggest U.S. consumer finance company, said third-quarter profits rose 14 percent, in line with expectations, helped by acquisitions and loan growth. The company is being bought by Citigroup.
Phelps Dodge 3Q surprise
Phelps Dodge (PD: Research, Estimates), the world's second-largest copper producer, reported third-quarter earnings that were higher than expected, aided by improved copper prices and a lower effective tax rate. [Click here for full story] 
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