Tyco International Ltd. (TYC: chart) reported net income of $192 million, or 9 cents a share, for 2Q ended April 1, down versus $783 million, or 37 cents, in the year-ago period. Tyco's quarterly sales reached $10.46 billion vs. the prior year's $9.82 billion. Analysts had been forecasting earnings of 47 cents a share on revenue of $10.44 billion.

For 3Q and the full year, the company's profit target range is 47 cents to 49 cents and $1.88 to $1.93 a share, respectively.

The Zurich-based bank UBS AG (UBS: chart) posted a 20% jump in 1Q net profit mainly attributable to the strong results from the company’s private-banking business offsetting the drop in its investment-banking revenue.

The company’s net profit in 1Q jumped to 2.83 billion Swiss francs ($2.37 billion), up from 2.37 billion francs in the year-ago period. Net profit attributable to shareholders, which excludes minority interests, rose 15% to 2.63 billion francs from 2.28 billion francs.

The casino operator Las Vegas Sands Corp. (LVS: chart) said 1Q net income slid to $7.1 million, or 2 cents a share, versus $49.9 million, or 15 cents a share, in the year-ago quarter. Excluding exceptional items, the company would have earned 29 cents a share in the quarter, compared to 12 cents a share a year earlier. The results surpassed the forecast for earnings of 25 cents a share. Revenue surged to $403.8 million from $239.2 million a year earlier fueled by strong casino demand in Las Vegas.

The Denver-based communications giant, which withdrew its bid to acquire MCI Inc. Monday, Qwest Communications International (Q: chart) Tuesday posted earnings of $57 million, or 3 cents a share, up vs. a year-earlier loss of $310 million, or 17 cents a share. Revenue declined 0.9% in the latest quarter to $3.45 billion vs. $3.48 billion in the same period a year ago. The average estimate of analysts was for a loss of 10 cents a share in the March period on revenue of $3.45 billion. The company announced it was able to cut its total debt by more than $565 million in the quarter to $14.9 billion as of the quarter's end.

The senior living services provider Sunrise Senior Living (SRZ: chart) reported 1Q earnings of $8 million, or 37 cents a share, down vs. $13.9 million, or 60 cents a share in the same quarter a year earlier. Excluding property sales, earnings would have climbed to 37 cents a share from last year's 31 cents, but disappointed the average analysts forecasts of 39 cents a share. Revenue advanced to $390.4 million from last year's $354.5 million. The company sees 2Q earnings of 36 to 38 cents a share, missing analyst projections of 44 cents, and 2005 earnings of $1.82 to $1.92 a share, vs. analyst forecasts of $1.86 a share.

Masco Corp. (MAS: chart) reported net income for 1Q climbed to $231 million, or 52 cents a share, vs. $168 million, or 36 cents a share. Sales surged to $2.97 billion from $2.81 billion, vs. the estimate of $3 billion. The home improvement and building products maker expects that 2Q earnings from continuing operations will be in a range of 58 cents to 62 cents a share, as compared to 66 cents a share currently expected by analysts. Masco now sees fiscal earnings at the low end of its previously-announced guidance of $2.40 to $2.50 a share.

Kerzner International Inc. (KZL: chart) reported that 1Q net income plunged to $38 million, or $1.01 a share, vs. $40.8 million, or $1.28 a share, at the same point a year earlier. Analysts had been looking for a net income of $1.19 a share. Adjusted net income was $49 million, compared to $40.5 million last year, excluding costs of $10.5 million, or 28 cents a share relating to proposed U.K. gaming projects, the company reported. Revenue advanced to $201.7 million during the quarter, from $181.1 million a year ago.

The telecommunications company Cincinnati Bell (CBB: chart) reported a 1Q loss of $5.8 million, or 2 cents a share, vs. a profit of $8.3 million, or 3 cents a share, in the same period a year earlier. Excluding non-recurring items, the company would have earned 5 cents a share, matching the average analyst forecasts. Revenue dropped 5% to $288.6 million from last year's $302.4 million, missing estimates of $296.8 million. The company sees 2005 revenue to drop in the low single-digit percentage range from 2004 levels.

Pharmaceutical company Caremark Rx, Inc. (CMX: chart) said 1Q net income jumped to $197.5 million, or 43 cents a share, from $84.2 million, or 29 cents a share, in the year-ago quarter. The results were flat with the average forecast of analysts. Revenue for the period increased to $8.37 billion from $3.03 billion a year earlier. Looking ahead, the company boosted its outlook for 2005 earnings to the range of $1.92 to $1.94 a share, from an earlier forecast of $1.88 to $1.92 a share.

Landry's Restaurants Inc. (LNY: chart) said Tuesday it earned net income for 1Q of $7.4 million, or 29 cents a share, versus $11.1 million or 39 cents a shares a year earlier. Revenue for the quarter was $281.3 million compared with $275.7 million a year ago. Analysts had expected the company to earn 29 cents a share in the quarter.