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Latest earnings news
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April 17, 2000: 1:08 p.m. ET
Texas Instruments, Citigroup, Ford, Merrill, Kodak, and Eli Lilly post improved fiscal results
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NEW YORK (CNNfn) - Several companies reported good earnings news Monday, beating or matching Wall Street forecasts. Texas Instruments, Citigroup, Ford Motor Co., Eastman Kodak, Eli Lilly and some major financial institutions all bested analysts' predictions.
Texas Instruments beats forecast
Semiconductor giant Texas Instruments Inc. reported first-quarter net income that exceeded analysts' estimates, driven by strong sales of chips used in cellular phones and Internet access equipment.
The Dallas-based company reported that its first-quarter net income rose 69 percent to $470 million, from $278 million in the same period last year. On a per share basis, its net income rose 62 percent to 55 cents, versus 34 cents in last year's first quarter. The mean analyst expectation for the quarter was 53 cents, according to earnings tracker First Call. [Click here for full story]
Citigroup earnings jump
Citigroup Monday reported first-quarter earnings jumped 49 percent to $1.04 a diluted share excluding one-time items, well above the consensus forecast of 78 cents a share compiled by First Call, which tracks estimates by Wall Street analysts. The biggest U.S. financial services company earned 69 cents a share from core operations a year earlier. [Click here for full story]
Ford earnings set record
Ford Motor Co., the No. 2 U.S. automaker, said first-quarter earnings rose to a record $1.70 a share, beating Wall Street forecasts of $1.58 a share, and its year-earlier results of $1.60 a share. Sales rose 14 percent to $42.9 billion. [Click here for full story]
Eastman Kodak beats estimates
Eastman Kodak reported first-quarter earnings of 95 cents a share, compared with 80 cents a share a year ago. Analysts polled by First Call had anticipated the world's largest maker of photo film would report 93 cents a share. [Click here for full story]
Merrill Lynch beats forecasts -- like a drum
No.1 U.S. brokerage Merrill Lynch and Co. Inc. earned $1.04 billion, or $2.38 a diluted share, up from $1.44 a share in the year-ago period. Net revenues rose 37.6 percent to $7.20 billion. The results beat analyst forecasts of $1.83, as reported by First Call. [Click here for full story]
Bank of America squeaks past forecasts
Bank of America Corp., the No. 2 U.S. bank holding company, reported profits of $2.24 billion, or $1.33 a diluted share, up from $1.91
billion, or $1.08 a diluted share, a year earlier. First Call analyst polls had indicted the company would report $1.24 a share. [Click here for full story]
Eli Lilly earnings look rosy
Eli Lilly and Co., maker of the antidepressant Prozac, reported profit of $692.3 million, or 63 cents a share, on sales of $2.54 billion, versus $588.8 million, or 53 cents a share, a year ago. Prozac sales alone rose 1 percent to $596.2 million. Analysts had forecast 61 cents a share in profit for the drug maker. [Click here for full story]
Sears meets the Street
Sears Roebuck & Co., the nation's 2nd-largest retailer, reported earnings of $235 million, or 65 cents a diluted share, up from earnings of $146 million, or 38 cents a share, a year earlier. The earnings matched the First Call consensus estimate. [Click here for full story]
R.J. Reynolds exceeds expectations
R.J. Reynolds Tobacco Holdings Inc., parent of the No. 2 U.S. cigarette maker, R.J. Reynolds Tobacco Co., reported earnings of $88 million, or 77 cents a diluted share, up from $76 million, or 70 cents a diluted share, a year earlier. First Call's consensus estimate was 74 cents a share. [Click here for full story]
Alcan's earnings skyrocket
Alcan Aluminum Ltd., the Canadian aluminum company involved in merger talks with Swiss company Alusuisse Lonza, reported first-quarter earnings of $174 million, or 78 cents a diluted share, up from $38 million, or 16 cents a share, a year earlier. First Call's consensus estimate was 70 cents a share. 
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