April 23- Biogen Idec Inc on Wednesday reported a higher first-quarter profit as sales of its new Tecfidera multiple sclerosis drug extended its run of eclipsing Wall Street sales forecasts.
April 23- Johnson Controls Inc reported a 59 percent jump in quarterly profit, helped by higher sales in its automotive unit. The net income attributable to Johnson Controls rose to $261 million, or 39 cents per share, for the second quarter ended March 31, from $164 million, or 24 cents per share, a year earlier.
Most of these investors are looking for a dialogue to improve value, says Andrew Liveris, President, Chairman & CEO of Dow Chemical, sharing his thoughts on activist investors.
We overcame transport and weather issues in North American, says Andrew Liveris, President, Chairman & CEO of Dow Chemical, breaking down his company's first quarter results of $0.79 EPS on revenues of $14.46 billion.
Procter & Gamble reported a higher quarterly profit on Wednesday, helped by an increase in sales of its home care products.
April 23- Dow Chemical Co reported a 75 percent rise in quarterly profit, helped by higher prices for its plastics products and higher margins in most of its businesses. Net income rose to $964 million, or 79 cents per share, in the first quarter ended March 31, from $550 million, or 46 cents per share, a year earlier.
April 23- EMC Corp posted a better-than-expected 2 percent rise in quarterly revenue due to higher sales of its storage products as customers expand their data centers. EMC's net income fell to $392 million, or 19 cents per share, in the first quarter ended March 31 from $580.05 million, or 26 cents per share, a year earlier.
Investors need to separate new tech from old tech, says Christopher Wolfe, Merrill Lynch, sharing his views on whether there's a tech bubble brewing. And Mark Haefele, UBS Wealth Management, weighs in.
Chris Caso, Susquehanna Financial Group analyst, shares his outlook on Apple in the second half. Apple needs to show shareholders the next new thing, says Caso.
Hans Vestberg, CEO of Ericsson, says that the decline in revenue in the first quarter was very much expected and expects sales in the mobile infrastructure business to increase as the year progresses.
Nick Nelson, head of global equity strategy at UBS, says earnings is currently driving moves in share prices and expects the developed world, led by the US, to lead growth this year.
Samir Brikho, CEO of AMEC, says the geopolitical tension in Europe from the Ukraine crisis is "alarming" for energy security.
Mobile telecom gear maker Ericsson posted sales and first-quarter operating profit below expectations.
Moving forward, the new initiatives of McDonald's will need to lift store traffic or else its stock will continue to suffer, says R.J Hottovy, Global Director of Consumer Equity Research at Mornignstar.
April 22- Skechers USA Inc posted a near-fivefold jump in quarterly profit after its new footwear designs sold well in the United States and abroad, sending shares of the company up 14 percent after the bell. Skechers, whose larger rivals include Nike Inc and Adidas AG, said it expected U.S. and international demand to stay strong for the rest of the year.
Juniper's revenue from telecom customers, including Verizon Communications Inc and AT&T Inc, rose about 10 percent in the first quarter ended March 31. Juniper forecast an adjusted profit of 36- 39 cents per share and revenue of $1.20 billion- $1.23 billion for the second quarter ending June 30.
*First quarter earnings $1.31/ shr vs est $1.25. April 22- Credit card issuer Discover Financial Services reported a first-quarter profit that beat Wall Street estimates as its high-spending customers more than made up for the slower growth in overall U.S. consumer spending.
Jason Moser, Analyst at Motley Fool, expects Yum Brands' improved business operations in China to help the firm outperform McDonald's in 2014.
April 22- Virtualization software maker VMware Inc reported better-than-expected first-quarter revenue and forecast current-quarter revenue largely above analysts' average estimate as more customers opt for its cloud infrastructure services.
April 22- Life-science tool maker Illumina Inc reported a better-than-expected jump in quarterly revenue, helped by strong sales of its gene-sequencing products. The company's net income rose to $60 million, or 40 cents per share, in the first quarter ended March 31, from a loss of $22.6 million, or 18 cents per share, a year earlier.