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Early Movers: F, BA, PG & More

Wednesday, 24 Apr 2013 | 8:00 AM ET

Check out which companies are making headlines before the bell on Wednesday:

Ford Motor - The automaker earned $0.41 per share for the first quarter, four cents above estimates. Ford had record North American profits, although its European losses widened.

Procter & Gamble - The consumer products giant reported fiscal third-quarter profit of $0.99 per share, excluding certain items, three cents above estimates. Its forecast for the fiscal year did fall short of current Street consensus, however, with P&G in the midst of trying to boost sales under CEO Bob McDonald.

Boeing - Boeing reported core earnings of $1.73 per share, well above estimates of $1.49, with revenue also above consensus. Boeing is taking no special charges in the quarter related to the grounding of its 787 jet.


(Read More: See the Day's Top Percentage Winners & Losers)

Whirlpool - The appliance maker reported first-quarter profit of $1.97 per share, excluding certain items, four cents above estimates. Revenue was shy of consensus, but Whirlpool was able to expand profit margins through higher prices and cost cuts.

WellPoint - The health insurer earned $2.94 per share, excluding certain items, for the first quarter, well above estimates of $2.38. Revenue fell short of estimates, but WellPoint raised its full-year profit outlook. It expects to see increased benefits from its acquisition of Medicaid specialist Amerigroup in December

Sprint Nextel - Sprint reported a smaller-than-expected quarterly loss of $0.21 per share, compared to analysts' estimates of a $0.33 per share loss. That came despite a larger-than-expected loss of subscribers as it shut down its Nextel network.

Thermo Fisher Scientific - The lab equipment maker reported first-quarter profit of $1.37 per share, excluding certain items, eight cents above estimates.

Eli Lilly - The drugmaker earned $1.14 per share for the first quarter, nine cents above estimates, while revenue was essentially in line. Profit margins improved, despite a lack of revenue growth.

Apple - Apple reported fiscal second-quarter profit of $10.09 per share, nine cents above estimates, with revenue also beating consensus. Apple also increased its quarterly dividend by 15 percent to $3.05 per share, and its stock buyback program by $50 billion to a total of $60 billion. However, its projected current-quarter revenue is below Street estimates.

AT&T - AT&T earned $0.64 per share for the first quarter, excluding certain items, in line with Wall Street estimates. Revenue was slightly below expectations, and although the profitability of the company's wireless unit rose, its customer additions did not keep pace with those of rival Verizon Communications.

Yum Brands - Yum earned $0.70 per share for the first quarter, ten cents above estimates, with revenues in line with forecasts. The parent of KFC, Taco Bell, and Pizza Hut also said the bird flu issue is continuing to negatively impact comparable store sales in China, but it reaffirmed its prior outlook for full year earnings.

Amgen - Amgen reported first quarter profit of $1.96 per share, excluding certain items, 12 cents above estimates, but revenues were short of forecasts both overall and for many of its top-selling treatments.

Broadcom - The company posted first quarter earnings of $0.65 per share, excluding certain items, nine cents above estimates, while revenues also exceeded consensus. The chipmaker sees the majority of its growth for 2013 coming from sales to manufacturers of smartphones.

FedEx - FedEx has been awarded a $10.5 billion, 7-year contract with the U.S. Postal Service to provide air transport within the U.S. for the service's Priority Mail and Express Mail. Its prior contract had been set to expire in September.

Juniper Networks - Juniper reported first quarter profit of $0.21 per share, excluding certain items, in line with estimates. But the network equipment maker's second quarter forecast of $0.22 - $0.26 per share is below consensus, with weaker spending by the government and the financial services industry seen as the primary reasons.

Norfolk Southern - The Dow Transport component beat estimates by 24 cents with first quarter profit of $1.41 per share. The rail operator saw transport volumes increase despite weakness in coal shipping.

Panera Bread - Panera missed estimates by six cents with first quarter profit of $1.59 per share, excluding certain items, and the restaurant operator's revenues also fell short of Street estimates. Same-store sales were up 3.3 percent, short of the 4.2 percent consensus forecast.

Edwards Lifesciences - The medical products firm lowered its full year forecast on slow sales of its transcatheter heart valves. Earnings for the first quarter came in at $0.72 per share, four cents shy of estimates.

VMware - VMware beat estimates by four cents with first quarter profit of $0.74 per share, but the software maker also lowered its full year revenue guidance.

Toyota Motor - The automaker retained the number one spot in global vehicle sales during the first quarter, selling 2.43 million vehicles. General Motors was second at 2.36 million vehicles.


(Read More: See CNBC's Market Insider Blog)

—By CNBC's Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com


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F
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PG
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BA
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WHR
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WLP
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S
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TMO
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LLY
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AAPL
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T
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YUM
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AMGN
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BRCM
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FDX
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JNPR
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NSC
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PNRA
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EW
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VMW
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7203.T
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VZ
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GM
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    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

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