Here’s our round up of important earnings reports from before the market opened this morning:
Comcast Corporation: (NASDAQ:CMCSA) reported strong earnings of 45 cents a share on revenues of $14.88 billion for the first three moths of 2012. That compares well with results from the same time period last year when the firm’s earnings were 34 cents a share. Analysts had expected the company to earn 42 cents per share on revenue of around $14.43 billion. The statement released with the earnings suggested the company was looking forward to increased performance throughout 2012. It has seen increased competition in recent years as it deals not just with traditional data providers but increasingly with cell networks offering similar services. The company’s positive outlook and better than expected earnings didn’t do much to sway investors on the market today. The firm’s stock had fallen by almost one percent at time of writing.
Today, Apple is the largest public company in the world, and the group’s iPhones can be found in stores all over the globe, but not long ago the company was a baby when the Apple IPO was filed in the 1970s. Not only is Apple the world’s most valuable company, but it’s also arguable that Read More
Mastercard Inc. (NYSE:MA) showed an increase in its market share today in its earnings report. Earnings per share at the company were $5.36 per share. That’s an excellent result year on year. In the first three months of 2011 the company earned $4.29 per share. The company revealed that its market share had increased in the first quarter to 25.57 per cent of the credit card sector. That increased helped to improve the company’s revenue to $1.8 billion, an increase of around seventeen per cent from last year.
Time Warner Inc. (NYSE:TWX) earned 59 cents per share beating Wall Street’s expectations in the first quarter. The company’s revenue was $6.98 billion. Those numbers are mixed compared with the media giant’s earnings one year ago. In the firs three months of last year the company earned around the same per share and had slightly lower revenues at $6.68 billion. Total earnings were down from last year however from $653 million in 2011. to $583 million this year. The firm’s shares were down on the news in today’s trading. At time of writing the firm was down 1.61% to 37.31.
CVS Caremark Corporation (NYSE:CVS) showed an increase in profits of around 9% when it announced its earnings earlier today. The company’s earnings stood at $777 million or 59 cents per share for the first three months compared with last year’s $710 million or 52 cents per share. The firm’s revenue was equally positive, up to $30.8 billion from last year’s $25.7 billion. Analysts were expected something in the same region though they looked for higher earnings. The firm also detailed a plan to buy back share worth 3 billion throughout 2012.