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Latest earnings news
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April 18, 2000: 6:19 p.m. ET
Intel, AOL, IBM beat Street; Paine Webber blasts past estimates
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NEW YORK (CNNfn) - Intel Corp., AOL, IBM, Sprint Corp. and Johnson & Johnson beat Wall Street profit forecasts Tuesday. Brokerage Paine Webber Group blasted past estimates. Delta Air Lines and Pfizer also beat analysts' forecasts. Philip Morris and Coke both posted gains.
Intel profit up 52%
Intel reported net income excluding acquisition costs of $3.1 billion, up 52 percent from the first quarter of 1999 and up 28 percent from the fourth quarter of last year. On a per share basis, Intel's net income before acquisition-related costs rose to 88 cents per share from 58 cents in the same period last year. [Click here for the full story]
AOL beats forecasts
America Online on Tuesday reported a better-than-expected third quarter profit of 11 cents a share, excluding special items, powered by strength in advertising and commerce revenues. AOL is planning to merge with Time Warner, the parent company of CNNfn.com. [Click here for the full story]
IBM beats Street
IBM reported a first quarter profit of 83 cents a share Tuesday, compared with Wall Street estimates of 78 cents. Revenue fell 5 percent to $19.3 billion. IBM Chairman Lou Gerstner said a number of factors hurt revenue during the quarter but he said IBM believes 2000 will be a "good year." [Click here for full story]
Qualcomm ahead of estimates
Wireless provider Qualcomm Tuesday reported second quarter pro forma earnings of $649 million or 26 cents a share, beating Wall Street estimates by two cents. [Click here for the full story]
Broadcom 1Q sales up 91%
Semiconductor company Braodcom Inc. reported first-quarter sales of $191.3 million, up from $100 million for the same quarter a year ago, with earnings at $41.8 million, or 17 cents a share. Analysts' consensus estimates predicted earnings of 16 cents a share.
Sprint narrowly beats forecast
Sprint Corp. reported first-quarter earnings of 48 cents a share for its long-distance phone business, excluding one-time items, a shade ahead of Wall Street forecasts of 47 cents a share but just below year-earlier results. Sales at the No. 3 long-distance carrier rose 6.8 percent to about $4.4 billion. Losses in its wireless operations were slightly smaller than expected. [Click here for full story]
Record sales boost Johnson & Johnson
Johnson & Johnson reported earnings of 93 cents a share for the latest quarter, above Wall Street forecasts of 91 cents a share. Sales jumped 8.6 percent to a record $7.3 billion, driven primarily by a $3 billion, or 18 percent, gain in worldwide pharmaceutical sales. [Click here for full story]
Texas Instruments beats street, but stock falls
Texas Instruments, a semiconductor maker that supplies chips used in cellular phones and Internet access equipment, saw its stock fall Tuesday despite reporting first-quarter earnings of $470 million, or 55 cents a diluted share, better than First Call's consensus estimate of 53 cents a share. The company earned $278 million, or 34 cents a share, in the year-earlier period. [Click here for full story]
Inktomi "caches" in
Inktomi posted net profit of $1 million, or $0.01 a share, compared to a loss of $7.4 million, or $0.07 per share in period a year earlier. Analysts polled by First Call expected a loss of $0.02 a share. Sales rose threefold to $47.3 million. [Click here for full story]
Wells Fargo earnings pass $1B
Wells Fargo & Co., which recently agreed to buy First Security Corp. for $3 billion, reported earnings of $1.01 billion, or 61 cents a diluted share, compared with earnings of $884 million, or 53 cents a share, in the year-earlier quarter. First Call's consensus estimate was 60 cents a share.
PaineWebber posts record earnings
PaineWebber Group Inc. posted record net income of $176.3 million, or $1.16 a diluted share, versus forecasts of $1.09 a share, according to First Call, which tracks Wall Street estimates. The No. 6 U.S. brokerage earned $160.3 million, or $1.01 a share, a year earlier. [Click here for full story]
Pfizer tops forecasts
Drug maker Pfizer Inc. beat first-quarter earnings estimates, driven by strong revenue growth. The New York-based company earned $1.1 billion, or 28 cents a diluted share, excluding a special gain, up from $815 million, or 21 cents a share, a year earlier. Forecasts were for 25 cents a share. [Click here for full story]
Coke earnings a penny over estimates
Coca Cola Co. reported first-quarter earnings of 22 cents a share, excluding one-time items, above Wall Street forecasts of 21 cents a share. Sales at the world's biggest soft-drink maker were little changed at about $4.4. billion in the quarter. [Click here for full story]
Philip Morris earns $2.1B in 1Q
Strong cigarette sales pushed Philip Morris Cos. Inc.'s first-quarter earnings to $2.1 billion after extraordinary items, or 89 cents a diluted share, up from $1.96 billion, or 80 cents a share, in the year-earlier period, matching First Call's estimate. [Click here for full story]
Delta's EPS up despite overall profit drop
The nation's No. 3 airline had income excluding one-time items of $179 million, or $1.33 a diluted share, above forecasts of $1.10 a share and the $1.31 a share of a year earlier. Earnings per share rose despite a drop in overall profit due to a share repurchase program. [Click here for full story]
McGraw-Hill's earnings jump 95%
Publisher and information provider McGraw-Hill Cos. reported first-quarter earnings of $47.4 million, or 24 cents a diluted share, well above First Call's consensus estimate of 14 cents a share. McGraw-Hill earned $24.45 million, or 12 cents a share, in the year-earlier quarter. [Click here for full story]
Caterpillar shatters predictions
Equipment maker Caterpillar Inc., a member of the Dow Jones Industrial Average, reported earnings of $258 million, or 73 cents a diluted share, up from $205 million, or 57 cents a share, in the year-earlier period. First Call's consensus forecast was 58 cents a share. [Click here for full story]
Trust & management fees lift Mellon
Mellon Financial Corp., which owns the Dreyfus mutual-fund family, reported first-quarter earnings of $253 million, or 50 cents a diluted share, up from $231million, or 43 cents a share, in the year-earlier quarter. First Call's consensus estimate was 49 cents a share. [Click here for full story]
Maytag's EPS down, but better than forecasts
Maytag Corp. reported earnings of 89 cents a share, down from 95 cents a year earlier. Sales rose to $1.95 billion from $1.11 billion. Analysts polled by First Call had expected the home appliance maker to earn 85 cents a share.
EMC profit better than expected
Data-storage company EMC Corp. reported first-quarter earnings of $332 million, or 30 per share, compared with $222 million, or 20 cents a share, in the year-earlier quarter. First Call's consensus estimate was 29 cents a share. [Click here for full story]
Ben & Jerry's fails to meet forecast
Ben & Jerry's Homemade Inc., which recently agreed to be bought by European consumer-products conglomerate Unilever, reported first-quarter earnings of $1.3 million, or 18 cents a share, up from $1.2 million, or 16 cents a share, in the year-earlier quarter, but not enough to meet First Call's consensus estimate of 19 cents a share.
DLJdirect's earnings more than triple predictions
DLJdirect, Donaldson Lufkin & Jenrette's online arm, reported first-quarter earnings of $13.6 million, or 13 cents a diluted share, more than tripling First Call's consensus estimate of 4 cents a share. DLJdirect's earnings in the year-earlier quarter were $7.2 million, or 7 cents a share.
Tiffany predicts strong earnings
Luxury retailer Tiffany and Co. announced that it expects earnings in its fiscal first quarter, ending April 30, to be 37 cents a share, which would beat First Call's consensus estimate of 29 cents a share. Earnings in the year-earlier quarter were 22 cents a share. 
-- compiled by Tatiana Helenius and Mark Gongloff
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