First Quarter Earnings, Quarterly Earnings | featured news

Strong sales of McDonald's McCafe drinks and breakfast items in April drove a key revenue measurement up 6 percent worldwide.

Automaker's profit surges on rising sales, could be world's biggest carmaker again before the year is out.

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.

General Motors' U.S. sales of cars and truck jumped 27 percent in April as the economy continued to improve and $4 a gallon gasoline pushed buyers into more efficient vehicles.

Sirius XM Radio said profit jumped 88% on a 9% increase in revenue as it added subscribers.

Chrysler Group LLC reported its first quarterly net profit since emerging from bankruptcy nearly two years ago, helped by a revamped lineup of cars and trucks as well as higher vehicle prices.

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.