GE Earnings Rise 21% GE’s second-quarter earnings rose 21%, driven by the energy-infrastructure segment, but revenue declined following the sale of NBC Universal.
Schlumberger Profit Climbs 65% Schlumberger’s second-quarter earnings rose 65% as the oil-field-services company posted double-digit revenue growth, led by North America.
Microsoft’s Office Still Sells Microsoft’s quarterly profit jumped 30% as businesses snapped up copies of its Office applications and other products, though sales of Windows declined slightly. Microsoft is down 1.2% premarket after providing cautious words on consumer PC demand during its FQ4 CC – similar to Intel’s remarks. Windows revenue fell 1%, and consumer Office sales fell 7% even as one-time business sales rose 20%.
PepsiCo Posts Higher Profit, Trims Guidance Pepsi posted an 18% rise in quarterly profit on strong sales in emerging markets, but tempered its optimism for the full year.
Morgan Stanley Comes Up Golden Morgan Stanley generated its highest quarterly revenue since 2007 in the second period and overtook rival Goldman Sachs in bond trading.
AT&T’s Profit Declines, but iPhones Hold Steady AT&T reported a profit of $3.59 billion, or 60 cents a share, down from $4 billion, or 67 cents a share, a year earlier. Year-earlier earnings were 60 cents a share, excluding the Telmex Internacional transaction. Revenue rose 2.2% to $31.5 billion.
Verizon (VZ): Q2 EPS of $0.57 beats by $0.02. Revenue of $27.5B (+2.8% Y/Y).
Honeywell (HON): Q2 EPS of $1 beats by $0.02. Revenue of $9.1B (+15% Y/Y). Sees FY’11 EPS at $3.85-4.00.
Caterpillar (CAT): Q2 adj. EPS of $1.72 misses by $0.06; EPS $1.52. Revenue of $14.23B (+37% Y/Y).
Rockwell Collins (COL): FQ3 EPS of $1.01 misses by $0.02. Revenue of $1.19B (-1.5% Y/Y). Sees FY’11 EPS at $4.00-4.10.