Zacks Investment Research

Stock Market News Briefs: Advanced Micro Devices, Inc., Bank Of America Corporation, General Electric Company, Goldman Sachs Group, Inc. (The), Masco Corporation, Mattel, Inc., Piper Jaffray Companies, Whirlpool Corporation, Google Inc., Oracle Corporation

By Zacks Investment Research on | More Posts By | Zacks.com
  •  Google (NASDAQ:GOOG) reported first quarter results of $6.76 ex-items up 31% from year-earlier results of $5.16 and topping estimates of $6.58 on a 23% rise in revenues to $6.77 billion.
  •  Advanced Micro Devices (NYSE:AMD) posted a surprise profit of 9 cents ex-items, above consensus projections of a 9 cents loss on a 34% surge in revenues to $1.57 billion, ahead of Zacks expectations of $1.54 billion
  •  Mattel (NYSE:MAT) surprised with a profit of 7 cents, up from last year’s 14 cent loss and beating Zacks estimates for a loss of 3 cents. Sales of $880.1 million were above Zacks projections of $856 million
  •  General Electric (NYSE:GE) reported first quarter profits from continuing operations of 21 cents, which topped Zacks estimates of 16 cents as revenues fell 5% to $36.6 billion, missing Zacks estimates of $37.3 billion, caused by downsizing in GE Capital. The firm noted the potential of upside earnings growth from its earlier projection of flat results
  •  Bank of America (NYSE:BAC) sharply beat estimates as earnings for the first quarter came in at 28 cents versus Zacks estimates of 9 cents on much better than expected revenues of $31.97 billion, topping estimates of $28 billion
  •  Goldman Sachs (NYSE:GS) initiated coverage of Whirlpool (NYSE:WHR) and Masco (NYSE:MAS) at “buy” ratings, with a Whirlpool price target of $106 and a Masco price target of $20.
  •  Piper Jaffray (NYSE:PJC) reiterated its “overweight” rating for Oracle (NASDAQ:ORCL) taking the price target to $32 from $30

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