Stronger Opening Slated For Broader Markets
Stocks appear set to open higher
Wednesday after Intel
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PowerRating) announced earnings which were in the high end
of consensus last night.
Heads up. Greenspan is to testify
before the Joint Economic Committee beginning at 10:00 AM EST.
Pfizer
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PowerRating) reported net earnings
for Q1 of 39 cents on a diluted basis. Earnings came in line with analysts’
expectations, and revenues rose to $8.418 billion, or 11%. The consensus was for $8.44
billion.
Salomon Smith Barney upgraded General
Motors
(
GM |
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PowerRating) from Neutral to Outperform, citing a bullish outlook for North
America.
General Dynamics
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GD |
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PowerRating) reported Q1
earnings of $1.13 per share, beating analysts’ consensus by 2 cents according to a
survey taken by Multex.
Advanced Energy
(
AEIS |
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PowerRating) posted a
Q1 loss of 27 cents a share, beating consensus by a nickel.
Broadwing
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PowerRating) reported a Q1 loss
of 17 cents a share, better than analysts’ consensus for a loss of 23 cents.
Revenues came in at $537.4 million, a decrease of 3.8%, but outpacing estimates
of $534.2 million.
Benchmark Electronics
(
BHE |
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PowerRating) posted
earnings for Q1 of 26 cents, beating Multex consensus by 4 cents.
Ford Motor
(
F |
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PowerRating) reported a Q1 pro
forma loss of 6 cents, beating Multex consensus by 8 cents and Thomson
Financial/First Call estimates by 9 cents. Revenues came in at $32.3 billion vs.
the consensus for $32.4 billion.