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Equifax’s (NYSE:EFX) reported first quarter 2010 EPS of 56 cents exceeding the Zacks Consensus Estimate by 1 cent.
Revenue
Revenue for the quarter was $461.3 million, up 3.0% from $446.6 million reported in the year-ago quarter. Revenue remained almost unchanged, when adjusted with respect to the favorable effect of the foreign exchange rates. This can be attributed to the increase in business in the North America personal and North America commercial solutions, which exceeded the company’s … [visit site to read more]
Chevron Corporation (NYSE:CVX) — the second largest U.S. oil company — posted significantly better-than-expected first-quarter 2010 earnings. As has been the case with the other oil majors that have already reported, such as Exxon (NYSE:XOM), ConocoPhillips (NYSE:COP), BP Plc (NYSE:BP) and Royal Dutch Shell PLC (RDS.A), results were boosted by higher crude realizations. Robust upstream production growth also contributed towards Chevron’s strong results.
Earnings per share (excluding foreign-currency … [visit site to read more]
Cardinal Health, Inc. (NYSE:CAH) reported third quarter fiscal 2010 earnings per share of 61 cents, outperforming the Zacks Consensus Estimate of 57 cents. However, earnings were lower than the year-ago figure of 66 cents.
Sales
Total sales in the third quarter increased 1% year over year to $24.3 billion. Growth was witnessed across all business segments.
Pharmaceutical segment revenues increased 0.5% year over year to $22.2 billion. Growth was fueled by higher sales to bulk and non-bulk … [visit site to read more]
Bank of America (NYSE:BAC) lowered its rating on Goldman Sachs (NYSE:GS) to “neutral” from “buy” and cut the price target to $160 from $230, citing today’s news of a criminal probe
Endo Pharmaceuticals (NASDAQ:ENDP) posted a first quarter one-penny miss as earnings of 74 fell just short of Zacks estimates of 75 cents. Revenues of $364 million missed Zacks estimates of $379 million.
Avon (NYSE:AVP) posted first quarter results off 33 cents, one cent better than expected on inline … [visit site to read more]
Fiserv, Inc. (NASDAQ:FISV) reported revenues of $1.01 billion in the first quarter of 2010, down 0.9% from the year-ago quarter.
Fiserv assists financial institutions and health plan administrators in managing their information systems so that they can efficiently deliver services to their customers.
The company operates in two business segments — Financial Institution Services, and Payments and Industry Products. Financial Services generated $540 million of revenues in the quarter, down 0.7% … [visit site to read more]
Cameron International Corp. (NYSE:CAM) posted in-line first quarter results. Earnings per share, excluding severance-related costs and charges associated with the acquisition of NATCO Group, came in at 51 cents.
However, on a year-over-year basis, Cameron’s adjusted earnings per share fell 13.6% (from 59 cents to 51 cents), reflecting depressed margins across several product lines due to orders booked at lower prices in the last year.
Gross profit during the quarter came at $432.6 million, up … [visit site to read more]
Harman International Industries Inc.’s (NYSE:HAR) third-quarter earnings beat the Zacks Consensus Estimate by 2 cents, or 6.45%. However, shares fell 22.1% yesterday, as the company’s mid-term outlook disappointed investors.
Revenue
Revenue of $848.2 million was down 9.5% sequentially and up 41.8% year over year. The increase from the year-ago quarter was partly on account favorable currency impact, excluding which sales would have been up 36%. Harman also benefited from pent-up demand, … [visit site to read more]
Electricity and natural gas company Xcel Energy Inc. (NYSE:XEL) posted 2010 first-quarter results before the opening bell on Thursday. The company recorded adjusted earnings of 42 cents per share, beating the Zacks Consensus Estimate of 41 cents as well as last year’s adjusted earnings of 38 cents per share.
Earnings improvement in the quarter was primarily driven by higher electric and gas margins rates, favorable rate case outcome coupled with increased rates to residential markets in … [visit site to read more]
