GM Beats But Profit Dips

Zacks.com submits: General Electric Company (GE) reported first quarter 2011 earnings per share from continuing operations of 33 cents before the opening bell today, which beat the Zacks Consensus Estimate of 28 cents. It was also up 48% year over year. This was the fourth consecutive quarter with strong earning growth. Revenue

Zacks.com submits: Honda Motor Co. (HMC) posted a 40% decline in profit, reaching ¥81.12 billion ($995 million) or ¥45.01 (55 cents) per share in the third quarter of its fiscal 2011 from ¥134.63 billion or ¥74.19 per share in the same quarter of prior fiscal year.

Zacks.com submits: Archer Daniels Midland Company (ADM), one of the leading food processing companies in the world, reported fiscal 2010 second quarter earnings of $567 million or 88 cents per share, compared to $578 million or 90 cents per share in the year-earlier quarter. Earnings exceeded the Zacks Consensus Estimate by a hefty margin of 16 cents.

Zacks.com submits: Parker Hannifin Corporation (PH) reported second quarter 2010 earnings per share of 64 cents, beating the Zacks Consensus Estimate of 34 cents. Its fiscal second-quarter profit fell to $104.5 million, or 64 cents a share, from $155.4 million, or 96 cents a share, in the year-ago quarter.

UPDATE: Citi earnings are out. Adjusted EPS came in at $0.69 per share. Adjusted revenues also missed estimates, coming in at $18.66 billion – down 4 percent from last quarter but up 8 percent from the previous year. Net interest margin expanded to 2.93 percent.

Zacks.com submits: CVS Caremark (CVS) reported first-quarter fiscal 2011 earnings per share of 52 cents, compared with 55 cents of the year-ago quarter. However, after excluding the impact of certain one-time items, the adjusted earnings per share came in at 57 cents, beating the Zacks Consensus Estimate of 55 cents but trailing the year-ago quarter’s adjusted earnings of 60 cents.

Zacks.com submits: The McGraw-Hill Companies Inc. (MHP), a publisher and provider of financial information and media services, reported first-quarter results before the opening bell today. The company recorded a robust 63.9% growth in net income to $103.3 million or 33 cents per share from $63.0 million, or 20 cents per share, in the year-ago period.

Zacks.com submits: General Dynamics Corporation (GD) is scheduled to report its first quarter 2011 earnings results before the market opens on April 27. The Zacks Consensus Estimate for the first quarter is earnings of $1.61 per share, up from $1.54 earned in the year-earlier quarter.