Friday, April 20, 2012

Stock for Picks: UnitedHealth and Philip Morris Q1 Earnings Rise, Bank of America and Morgan Stanley Loss of Profit Q1

Another positive data, Higher consumer spending boosts American Express q1 results, American Express Co. (AXP) on Wednesday reported better-than-expected first-quarter results, paving a way for the credit card firm to buy back as much as $4 billion shares this year and boost its quarterly dividend by 11 percent.

UnitedHealth q1 results tops view, UnitedHealth Group (UNH) posted higher-than-expected earnings for the first quarter on back of a strong enrollment and revenue growth. The health insurer also raised its forecast for fiscal 2012.

Philip Morris q1 earnings rise, beats view, Thursday, Philip Morris International Inc.'s (PM) first-quarter results increased, beating consensus, thanks to higher volumes and pricing. The tobacco company lowered its full-year earnings target due to recent strengthening of the U.S. Dollar.

Meanwhile, Morgan Stanley slips to loss in q1, Morgan Stanley (MS) Thursday reported a loss for the first quarter, impacted by one-time charges related to the company's credit spreads. Excluding one-time charges, the company's earnings rose from last year.

Verizon Communications q1 profit beats consensus, Verizon Communications Inc. (VZ) reported Thursday a 19.7 percent rise in profit for the first quarter, exceeding Wall Street Estimates, helped by growth in mobile subscribers.

Nokia posts q1 loss, Finland's Nokia Corp. (NOK) posted a loss in its first quarter, as tougher competition and seasonality hit the mobile giant's sales harder.

DuPont q1 beats view, EI DuPont de Nemours & Co. (DD) Thursday reported higher earnings for the first quarter and backed its 2012 adjusted earnings forecast. The results topped analysts' estimates.

Report from Banking industry, Bank of America q1 profit plunges, Bank of America Corp. (BAC) posted significantly lower first-quarter profit, hurt by a hefty charge related to changes in the company's credit spreads.

From mainstream Airlines, Southwest Airlines posts q1 profit on one-time gains, Southwest Airlines Co. (LUV) on Thursday posted higher profit for the first quarter, helped by one-time items. Excluding one-time items, the low-cost airline operator posted a loss for the period, narrower than analysts' expectations.

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