DaimlerChrysler (DCX: chart), said net income dropped to 288 million euros in 1Q of 2005, vs. 412 million euros for the same period last year. The company also reported a 17% decline in operating profit at its U.S. arm due to lower factory unit sales and the appreciation of the euro against the U.S. dollar.

The Chrysler Group posted an operating profit of 252 million euros in 1Q of 2005, vs. an operating profit of 303 million euros in 1Q of 2004. The company's commercial-vehicles division boosted its first-quarter operating profit to 714 million euros from 268 million euros.

GlaxoSmithKline (GSK: chart) said 1Q profits surged 17% at constant exchange rates to 1.22 billion pounds, or 21.1p a share, reflecting sales increase of 3.7% to 5.04 billion pounds due to European growth.

U.S. sales advanced 4% to 2.1 billion pounds, while European sales gained 10% to 1.4 billion pounds.

Glaxo said it’s looking for low double-digit EPS full year growth after settling with the Food and Drug Administration over manufacturing concerns in Puerto Rico.

The cable products company Comcast Corp. (CMCSA: chart) posted 1Q earnings of $313 million, or 14 cents a share, up vs. $65 million, or 3 cents a share in the same period a year earlier, and beat analyst estimate of 10 cents a share. Revenue climbed 9.3% to $5.36 billion vs. last year's $4.91 billion and analyst forecasts of $5.38 billion, reflecting a 9.7% growth in cable revenue.

The company still sees full year revenue growing by 10%.

Houston-based waste hauler Waste Management Inc. (WMI: chart) posted 1Q first-quarter income Thursday of $150 million, or 26 cents a share, vs. $152 million, or also 26 cents a share in the year-earlier quarter. The analysts’ forecast was for 27 cents a share. Revenue climbed to $3.04 billion vs. $2.9 billion, in line with estimates.

Looking ahead, the company backed its earnings projections of $1.50 to $1.60 for the full year.

The Atlanta-based clothing company Russell Corp. (RML: chart) Thursday posted 1Q earnings of $2.2 million, or 7 cents a share, up vs. a year-earlier profit of $500,000, or 2 cents a share. Sales advanced 24% in the quarter to $313.2 million. Analysts estimated a profit of 6 cents per share in the March period.

The company reaffirmed its earnings outlook for the full year.

The Waltham, Mass. defense contractor Raytheon Co. (RTN: chart) Thursday reported 1Q net income of $166 million, or 36 cents a share, up 30% vs. $128 million, or 30 cents a share, a year earlier mainly due to strong results in its government services and defense businesses. Analysts' estimate was for earnings per share of 33 cents.

Quarterly earnings per share from continuing operations were 43 cents, up vs. 24 cents a year earlier. Revenue advanced 6% to $4.9 billion. The company expects to have full year 2005 earnings per share in the $1.85 to $1.95 range.

The San Diego defense contractors Titan Corp. (TTN: chart) reported net income of $19 million, or 22 cents a share, up more than six-fold from $3 million, or 3 cents a share reflecting sound revenue growth in the company’s homeland security, systems integration and government enterprise units.

Net income from continuing operations was $18.2 million, or 21 cents a share, vs. $3.6 million, or 4 cents a share, a year earlier. The analysts' estimate was for earnings per share of 23 cents. Revenue was $558.9 million, up vs. $454 million a year earlier.

The company aims full year revenue of $2.38 billion to $2.45 billion with EPS of $1.02 to $1.11.

The real estate management company Stewart Information Services (STC: chart) reported it earned $10.7 million, or 59 cents a share, in 1Q, vs. $11.1 million, or 61 cents a share, a year ago. The average forecast of analysts was for earnings of 79 cents a share. Revenue advanced 10.3% to $512.6 million.

The packaging and paperboard company Rock-Tenn Co. (RKT: chart) reported 2Q net income Thursday of $200,000, or a penny a share, including $2.7 million in items, vs. $3 million, or 9 cents a share, in the year-earlier quarter. Sales slid to $394.3 million from $400 million.

The company also announced it would buy the assets of Gulf States Paper Corp.'s paperboard and packaging business for $540 million.