Earnings

Posco (NYSE: PKX) reported a 42% y/y drop in its first-quarter net profit. Posco's quarterly net profit fell to KRW539 billion ($473 million), from KRW927 billion, in the year-ago period. However, analysts were expecting a net profit of KRW473.1 billion. Posco's operating profit tumbled 54% to...

Telefonica del Peru reported a drop in its first-quarter net profit. Telefonica del Peru's quarterly net profit declined to 23.4 million soles ($9 million), from PEN40.3 million, in the year-ago period. Its operating revenue rose to PEN940 million, from PEN935 million.

Morgan Stanley (NYSE: MS) reported a first-quarter loss. Morgan Stanley posted a quarterly loss from continuing operations at $103 million. Its revenue dropped to $6.9 billion, from $7.6 billion. Excluding charges, Morgan Stanley's revenue surged to $8.9 billion from $7.8 billion. Analysts were...

Laboratory Corporation of America Holdings (NYSE: LH) reported a stronger-than-expected first-quarter profit. LabCorp's quarterly net income rose to $161.6 million, or $1.63 per share, from $127.1 million, or $1.23 per share, in the year-ago period. Excluding items, LabCorp earned $1.74 per share...

KeyCorp (NYSE: KEY) reporetd a 32% drop in its first-quarter profit. KeyCorp's quarterly profit fell to $200 million, from a year-ago profit of $263 million. Its per-share profit rose to $0.20, from $0.19. Total revenue climbed 5.5% to $1.03 billion. Analysts were expecting a profit of $0.19 per...

First Horizon National Corp (NYSE: FHN) posted a drop in its first-quarter profit. First Horizon lifted its share buyback program to $200 million. It also approved a quarterly cash dividend of $0.01 per share. First Horizon's quarterly net income available to the shareholders fell to $30.5...

Southwest Airlines Co (NYSE: LUV) posted a first-quarter profit on Thursday. Southwest Airlines posted its quarterly net income at $98 million, or $0.13 per share, up from $5 million, or $0.01 per share, in the year-ago epriod. Excluding items, Southwest Airlines posted a loss of $0.02 per share...

The Travelers Companies Inc (NYSE: TRV) reported a drop in its first-quarter earnings. Travelers' quarterly earnings fell to $806 million, or $2.02 per share, from $839 million, or $1.92 per share, in the year-ago period. Its revenue rose to $5.50 billion, from $5.44 billion. Number of shares...

EMC Corp (NYSE: EMC) reported a rise in its first-quarter profit. EMC's quarterly net income attributable to shareholders climbed 23% to $586.8 million, or $0.27 per share. Excluding items, EMC earned $0.37 per share. EMC's consolidated revenue climbed to $5.09 billion. EMC shares closed at $29....

Fifth Third Bancorp (NASDAQ: FITB) reported a rise in its first-quarter net income. Fifth Third posted a quarterly net income available to common shareholders of $421 million, or $0.45 per share, versus $88 million, or $0.10 per share, in the year-earlier period. However, analysts were expecting...

Layne Christensen Co (NASDAQ: LAYN) posted a loss in the fourth quarter. Layne Christensen posted a quarterly net loss of $88.5 million, or $4.55 per share, versus a year-ago net income of $8.8 million, or $0.45 per share. Its revenue climbed 1.5% to $275.8 million. Excluding items, Layne...

Alaska Air Group Inc (NYSE: ALK) reported a 45% drop in its first-quarter profit. Alaska Air's quarterly profit fell to $40.8 million, or $0.56 per share, versus a year-ago profit of $74.2 million, or $1.01 per share. Excluding special items, Alaska Air earned $0.39 per share, versus analysts'...

DuPont Co (NYSE: DD) reported a 4% rise in its first-quarter net income. DuPont's quarterly net income climbed to $1.49 billion, or $1.57 per share, from $1.43 billion, or $1.52 per share, in the year-ago quarter. Its sales rose to $11.23 billion from $10.03 billion. However, analysts were...

Nokia Corp (NYSE: NOK) reported a first-quarter loss. Nokia posted a net loss of €929 million ($1.2 billion), versus a year-ago profit of €344 million. Its revenue dropped to €7.4 billion from €10.4 billion. Nokia reported a quarterly loss of 0.08 euros per share. However, analysts were expecting...

UnitedHealth Group Inc (NYSE: UNH) reported a rise in its first-quarter profit, and lifted its full-year earnings forecast. UnitedHealth's quarterly net income surged to $1.39 billion, or $1.31 per share, versus $1.35 billion, or $1.22 per share, in the year-ago period. Its revenue rose 7% to $27....