Nissan Motor Co. (
NSANY: chart) posted an 11% growth in 4Q operating profit. Nissan said net profit rose 1.7% to 512.3 billion yen ($4.80 billion) in the fiscal year, which ended March 31, up from 504 billion yen a year earlier. Net revenue climbed 15% to 8.58 trillion yen as operating profit gained 4.4% to 861.2 billion yen.
The German drugmaker
Schering AG (
SHR: chart) saw its shares rise 1.2% after the company said net profit surged 11% in 1Q to 144 million euro. Net sales gained 4% to 1.21 billion euro.
Net sales of the company’s oral contraceptive Yasmin jumped 43% to 127 million euro. Net sales of multiple sclerosis Betaferon rose 4% to 181 million euro.
Swiss foods giant
Nestle A.G. (
NSRGY: chart) on Monday reported a 4.6% jump in organic sales growth, in accordance with the previously set, as total consolidated sales increased 0.3% on the year to 20.46 billion Swiss francs.
Truck maker
Volvo (
VOLVY: chart) on Monday said 1Q profit grew to $460 million, with sales rising 14% to $7.4 billion. Income beat forecasts of SEK 3.9 billion. Sales of Mack Trucks were strong in North America, but European truck bookings weakened, with total truck sales up 15.1% to SEK35.9 billion. Construction equipment sales rose 10.6%.
The nation's second-largest local phone company
SBC Communications Inc. (
SBC: chart), announced Monday that 1Q earnings slid 53.4% year-over-year on costs associated with Cingular's purchase of AT&T Wireless. The company’s operating profit beat expectations by a penny.
Earnings plunged to $885 million, or 27 cents per share, from $1.94 billion, or 58 cents per share, a year earlier. Revenue gained 2.4% to $10.25 billion from $10.01 billion last year, with wireline revenues up 2.8% and consumer wireline revenue up 3.9%. Analysts forecast profit of 33 cents per share on sales of $15.13 billion in the latest quarter.
Pilgrim's Pride Corp. (
PPC: chart), the nation's second-largest poultry producer, announced Monday that 2Q earnings jumped 71% due to strong growth in the company's chicken business, lower feed costs and a one-time gain from a legal settlement.
Net income soared to $56.4 million, or 85 cents per share, from $33 million, or 50 cents per share, a year earlier. Sales slid a bit to $1.375 billion from $1.385 billion last year. Analysts were looking for a profit of 74 cents per share on sales of $1.38 billion in the latest quarter.
Reebok International Ltd. (
RBK: chart) the nation's No.2 athletic shoemaker, said Monday that 1Q earnings climbed about 5% year-over-year on an 11% growth in global sales.
Net income grew to $43 million, or 70 cents per share, from $41 million, or 63 cents per share, a year earlier. Sales gained 11% to $925 million from $832 million last year.
Analysts expected earnings of 69 cents per share on sales of $884.6 million in the latest quarter.
Dallas-based
Kimberly-Clark Corp. (
KMB: chart) posted a higher quarterly profit from continuing operations on Monda due to increased marketing spending for new products.
1Q profit from continuing operations climbed to $450.1 million, or 93 cents per share, from $443.8 million, or 88 cents a share, a year ago.
Including discontinued operations, Kimberly-Clark earned $459.3 million, or 91 cents per share, a year ago. Analysts had expected Kimberly-Clark to earn 93 cents per share.
Sales in 1Q climbed 5% to $3.9 billion. The weak dollar added nearly 3 percent to that increase. Analysts had forecast sales of $3.89 billion.
The pharmaceutical producer
Sepracor Inc. (
SEPR: chart) reported a narrower 1Q loss on 20% higher revenue. The net loss declined to $22.6 million, or 22 cents a share, from $50.4 million, or 59 cents, in the year-earlier period.
Revenue went up to $119 million from $99.5 million.
The Denver energy company
Whiting Petroleum Corp. (
WLL: chart) said that 1Q net income per share gained 73% as revenue doubled. Net reached $26.1 million, or 88 cents a share, from $9.6 million, or 51 cents, in the year-earlier period.
Revenue rose to $103.5 million from $46.7 million.