• Google (NASDAQ:GOOG) reported first quarter results of $6.76 ex-items up 31% from year-earlier results of $5.16 and topping estimates of $6.58 on a 23% rise in revenues to $6.77 billion.
• Advanced Micro Devices (NYSE:AMD) posted a surprise profit of 9 cents ex-items, above consensus projections of a 9 cents loss on a 34% surge in revenues to $1.57 billion, ahead of Zacks expectations of $1.54 billion
• Mattel (NYSE:MAT) surprised with a profit of 7 cents, up from last year’s 14 cent loss and beating Zacks estimates for a loss of 3 cents. Sales of $880.1 million were above Zacks projections of $856 million
• General Electric (NYSE:GE) reported first quarter profits from continuing operations of 21 cents, which topped Zacks estimates of 16 cents as revenues fell 5% to $36.6 billion, missing Zacks estimates of $37.3 billion, caused by downsizing in GE Capital. The firm noted the potential of upside earnings growth from its earlier projection of flat results
• Bank of America (NYSE:BAC) sharply beat estimates as earnings for the first quarter came in at 28 cents versus Zacks estimates of 9 cents on much better than expected revenues of $31.97 billion, topping estimates of $28 billion
• Goldman Sachs (NYSE:GS) initiated coverage of Whirlpool (NYSE:WHR) and Masco (NYSE:MAS) at “buy” ratings, with a Whirlpool price target of $106 and a Masco price target of $20.
• Piper Jaffray (NYSE:PJC) reiterated its “overweight” rating for Oracle (NASDAQ:ORCL) taking the price target to $32 from $30
