Earnings | featured news

Big Lots posts decline in quarterly profit, Tiffany shows gain.

Our parent company AOL has just released its quarterly earnings for Q1 2011, and it’s a mixed bag (again). Revenue came in at $551.4 million, which is better than most analysts had anticipated – the company was expected to earn $0.17 per share on revenues of $536.35 million. Actual earnings came in at $0.04 per share, down 86 percent.

Caterpillar drove the Dow Jones industrial average higher Friday after the company reported a huge gain in first-quarter earnings. The world's largest maker of mining and construction equipment rose 2.5 percent after its earnings increased more than five-fold. The company also raised its sales and profit forecast for the year.

Research In Motion shares were sharply lower Friday, after the company issued a steep first-quarter earnings warning late Thursday, heightening fears that the BlackBerry maker is buckling amid competition from Apple and Google.

Chevron says first-quarter earnings rose 36 percent. The company received higher prices for the oil it produced, and also made more money from refining oil.

Motorola Mobility this afternoon posted better-than-expected Q1 results. For the quarter, the company reported revenue of $3 billion and a non-GAAP loss of 8 cents a share; the Street had expected $2.84 billion and a loss of 12 cents a share. The company said it sold 9.3 million mobile devices in the quarter, including 4.1 million smart phones, and more than 250,000 tablets. Revenues were up 22% from a year ago.

Amazon.com Inc reported that first-quarter sales rose 38.2 percent, above analysts' forecasts.

Netflix earnings reflect an increase in subscribers and fees as the instant-movie-streaming competition heats up.

Zale, Tiffany book revenue gains over key shopping season.

Wal-Mart Stores Inc. is reporting a 9.3 percent increase in third-quarter net income as the world's largest retailer benefits from cost controls and a robust international business.