First Quarter Earnings, Quarterly Earnings | featured news

Exxon Mobil and Royal Dutch Shell Plc reported big jumps in first quarter earnings and beat forecasts, thanks to high oil prices and healthy refining margins.

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

Verizon reported on Thursday that it activated 2.2 million iPhones during its first fiscal quarter for 2011. The cell service provider revealed the information as part of its quarterly earnings report, a day after Apple and AT&T shared their quarterly earnings data.

The New York Times Company reported that first-quarter net income dropped 57.6 percent, to $5.4 million, as print advertising remained depressed and About.com revenue fell.

Morgan Stanley's first-quarter profit dropped nearly 50 percent, hurt by a steep decline in bond trading revenue.

Apple Inc's quarterly results again smashed Wall Street's expectations, fueled by record iPhone and Mac sales, offsetting lower-than-expected sales of its iPad tablet computer.

The nation's largest retail bank said first-quarter earnings rose to $3.8 billion from $2.6 billion in the period a year earlier.

Google Inc's stunning 54 percent spending surge in the first quarter spooked investors already worried its new CEO may take his eye off the bottom line to chase revenue growth.

KB Home said Tuesday that its fiscal first-quarter loss widened, as the homebuilder delivered fewer homes and net orders declined.

TiVo posted a wider first-quarter loss on mounting research-and-development spending and patent-litigation costs related to its "time-warping" digital-video-recorder technology.