Wednesday, April 18, 2012

Stock for Picks: Yahoo!, IBM, Halliburton Q1 Increase Profit, Banking Sector Still Bad

Great news, IBM q1 profit beats view; lifts FY12 operating EPS forecast, Tuesday, International Business Machines Corp. (IBM) raised its fiscal 2012 operating earnings outlook, after reporting better-than-expected profit for the first quarter. Revenue for the period was almost flat with last year and missed analysts' view.

The oldskul search engine company, Yahoo! q1 profit beats view, Yahoo! Inc. (YHOO) on Tuesday reported 28 percent increase in earnings for the first quarter, beating expectations, with nearly one percent rise in revenues.

Processor maker Intel q1 earnings decline,Intel Corp. (INTC) Tuesday reported a decline in profit for the first quarter, hurt largely by higher operating expenses. Both earnings and revenue came in above Wall Street view. The chipmaker forecast second-quarter revenues, above consensus.

Meanwhile PNC Financial Services q1 earnings down, PNC Financial Services Group, Inc. (PNC) on Wednesday reported lower earnings for the first quarter, dented by integration costs related to RBC Bank USA acquisition. Revenue for the period increased, beating Wall Street consensus.

From nutritional market, Abbott Labs. Q1 tops view, Wednesday, Abbott Laboratories (ABT) lifted its full-year ongoing earnings outlook, after it reported higher-than-expected results for the first quarter, reflecting better drugs and nutritional sales.

Banking sector still sadly, Bank of New York Mellon q1 net profit down, Bank of New York Mellon Corp. (BK) said Wednesday that its net profit for the first quarter slid, while revenues were flat with last year. Earnings per share increased on lower share count, matching the estimates, but revenues surpassed consensus.

Another nice track profit, Halliburton posts higher profit in Q1, Halliburton Co. (HAL, HAL.TO, HAL.F) on Wednesday reported an increase in its first-quarter profit, on the back of a 12 percent growth in the U.S. oil-directed rig count.

Latest update from St. Jude Medical q1 adj. profit up, Wednesday, St. Jude Medical Inc. (STJ) reported a decline in its first-quarter profit on higher charges. Adjusted earnings for the period rose and beat the street expectations

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