Company News Briefs: E*Trade 1Q Loss, Time Warner Beats Estimages

E*Trade (ETFC) said the company faces regulatory pressure to increase its capital following release of its seventh straight quarterly loss. First quarter results indicated a 41 cent loss per share, one cent more than expected, as revenues fell 6% year-over-year to $497.3 million

Verizon (VZ) shares gained Tuesday amid rumors the company is in talks with Apple (AAPL) about a possible new iPhone and/or Microsoft (MSFT) on an iPhone competitor

Dendreon’s (DNDN) drug Provenge was found to increase lives of advanced prostate cancer victims by 4.1 months, increasing the likelihood of FDA approval

US Steel (X) reported a worse-than-expected first quarter loss of $3.84 per share versus expected loss of $1.69 per share. The company slashed its dividend to 5 cents from 30 cents; expects another operating loss in the second quarter; plans 18 million common share offering and $300 million senior notes due 2014; will curb capital spending to $410 million from $740 million expected

Waste Management (WMI) reported first quarter results one penny better than anticipated at 42 cents per share, as revenues fell 14.1% year-over-year to $2.8 billion

General Dynamics (GD) reported first quarter earnings topping estimates by 8 cents at $1.54 per share, as revenues gained 18% year-over-year to $8.26 billion

Hess (HES) reported a first quarter loss of 18 cents per share, beating estimates by 9 cents, as revenues fell 35.8% year-over-year to $6.87 billion

Wyeth (WYE) topped estimates by 7 cents, reporting first quarter results of 95 cents (ex-items), as revenues fell 6% year-over-year to $5.38 billion. The firm reaffirmed its 2009 EPS guidance in the range of $3.33-$3.53; the Street expects EPS of $3.50

Medco Health Solutions (MHS) reported inline quarterly results of 63 cents, as revenues gained 14.4% year-over-year to $14.83 billion. The company expects full-year 2009 results in the range of $2.67-$2.77 versus estimates of $2.73

Aetna (AET) reported its first quarter topped estimates by 3 cents, posting at 96 cents as revenues advanced 10.5% year-over-year to $8.6 billion

Time Warner (TWX) reported first quarter results of 45 cents, 7 cents better than expected, as revenues fell 7% year-over-year to $6.95 billion. The company reaffirmed its 2009 earnings guidance of $1.98 per share versus estimates of $1.96

Baker Hughes (BHI) reported first quarter results of 82 cents, beating estimates by 6 cents as revenues fell 0.1% year-over-year to $2.67 billion

ArcelorMittal (MT) reported a 78 cent first quarter loss, missing estimates by 39 cents, as revenues fell 49.3% year-over-year to $15.12 billion

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