9:45AM New York – Mixed earnings from Amazon.com, Apple and Starbucks drag stock averages lower at the opening.

Amazon.com fell after it reported first quarter net income increased 30% to $143 million or $0.34 per diluted share compared with net income of $111 million or $0.26 per share in the previous year. Net sales increased 37% to $4.13 billion in the first quarter 2008, compared with $3.02 million in the first quarter 2007.

Chipotle Mexican Grill, Inc. Mexican food restaurants chain said revenue increased 29.3% for the first quarter 2008 to $305.3 million compared with $236 million in the first quarter 2007.

Net income in the quarter was $17.3 million or $0.52 per diluted share compared with $12.4 million or $0.38 per share a year ago.

The company opened 28 new restaurants in the Quarter and comparable restaurant sales increased 10.2% in the Quarter.

Citrix Systems, Inc., middleware software developer reported revenue rise of 22% for the first quarter 2008 of $377 million, compared to $308 million in the first quarter of fiscal 2007.

Net income for the first quarter of fiscal 2008 was $34 million, or $0.18 per diluted share, compared to $38 million, or $0.20 per share in the previous year.

For second quarter 2008 net revenue is expected to be in the range of $380 million to $390 million, compared to $334 million in the second quarter of 2007. GAAP diluted earnings per share is expected to be in the range of $0.16 to $0.20.

Fidelity National Financial, Inc a title insurer said total revenue for the first quarter 2008 was $1.14 billion, down from $1.37 billion a year earlier.

Net income for the first quarter 2008 was $27.2 million or 13 cents a share, down 67% from a year earlier when the title insurer made $83.4 million, or 37 cents a share for the quarter of 2007.

FMC Corporation. a diversified agro and industrial chemical company said total revenue increased 11% for the first quarter 2008 to $750.2 million versus $674.1 million in the quarter of prior year.

Net income was $93.9 million or $1.23 per diluted share versus net income of $45.8 million or $0.59 per share a year ago.

Revenue in agricultural products of $277.5 million was 12% higher than the prior-year quarter. Sales gains driven by buoyant agrochemical market conditions were achieved in Asia, Europe and Latin America, particularly in Brazil.

Anheuser-Busch Companies, Inc. beer brewer said that consolidated net sales increased 6.2% or up $241 million for first quarter 2008 to $4.1 billion compared to $3.86 billion in the quarter of 2007.

First quarter net income decreased 1.3% to $511 million from $518 million but increased 6% to $0.71 cent diluted earnings per share compared to or $0.67 cent earnings per share in the previous year.

U.S. beer sales were up due to increased volume and pricing, international beer net sales increased 20%. U.S. beer segment sales increased 4% on improved revenue per barrel and increased sales volume. Revenue per barrel was up 2.3%.

QUALCOMM Incorporated digital wireless telecom technology company said revenue for the second quarter of 2008 increased 17.3 % to $2.61 billion from $2.22 billion in the same quarter of 2007.

Second quarter net income increased to $766 million or 47 cents a share versus $726 million or 43 cents a share a year ago.

Durable goods orders and weekly jobless claims fall