Stock Market Briefs: Visa Beats Estimates, Exxon Mobil Misses

Visa (V) reported first quarter earnings of 73 cents a share, ex-items, beating estimates of 64 cents versus 52 cents a year ago, as revenues increased 13% to $1.65 billion, which beat Street estimates of $1.61 billion. The firm reiterated its earnings view and reduced revenue forecast for 2009 and 2010

Starbucks (SBUX) reported fiscal second quarter earnings of 16 cents ex-items versus 15 cents, beating estimates of 15 cents a share, as revenues fell 7.6% to $2.33 billion, missing estimates of $2.36 billion

Motorola (MOT) reported a first quarter loss of 10 cents a share, topping estimates by one cent, versus a 5 cent loss a year ago, as revenues fell 27.9% year-over-year to $5.4 billion

Eastman Kodak (EK) reported a loss of $1.34 per share in the quarter, a $1.01 miss versus a 39 cent loss a year earlier, as revenues fell 29.4% year-over-year to $1.5 billion

Comcast (CMCSA) reported its first quarter topped estimates by 4 cents, coming in at 27 cents as revenues decline 5% year-over-year to $8.4 billion

Colgate-Palmolive (CL) reported first quarter earnings of 97 cents a share, one cent better than expected versus 90 cents a year ago, as revenues declined 5.7% year-over-year to $3.5 billion

Dow Chemical (DOW) reported first quarter earnings of 12 cents ex-items, 33 cents better than expected versus 99 cents a year ago, as revenues fell 38.7% year-over-year to $9.1 billion

Exxon Mobil (XOM) reported a 2 penny miss as earnings fell to 92 cents a share from $2.03 a share a year earlier

Subscribe by RSS Subscribe by Email