Earnings Roundup (F, HSY, ODP, LO, LMT, AN, COH, MMM, ITW, LCC, KO, DAL, UPS, OSIS, X)

3M Co MMM reported upbeat Q1 earnings and raised 2011 profit projections. The company's Q1 profit came in at $1.08 billion, or $1.49 per share, up from $930 million, or $1.29 per share, in the year-earlier period. The company's revenue surged to $7.31 billion from $6.35 billion. However, analysts were expecting earnings of $1.42 per share on revenue of $6.84 billion. Hershey Co HSY reported better-than-expected Q1 earnings. HSY's net income increased to $160.1 million, or $0.70 per share, from $147.4 million, or $0.64 per share, in the year-ago quarter. On an adjusted basis, the company's earnings came in at $0.72 per share. However, analysts were expecting earnings of $0.70 per share. The company's sales increased to $1.56 billion from $1.41 billion. HSY shares Ford Motor Co F reported upbeat Q1 results. Ford reported its quarterly earnings at $0.61 per share, up from $0.50 per share, in the year-earlier period. The company's revenue surged 18% to $33.1 billion. The company's adjusted profit for the first quarter came in at $0.62 per share. However, analysts were expecting earnings of $0.50 per share on revenue of $30.5 billion. US Airways Group Inc LCC reported lower-than-expected Q1 loss. The company's loss came in at $114 million, or $0.71 per share, versus a loss of $45 million, or $0.28 per share, in the year-ago period. The company's revenue increased 12% y/y to $2.96 billion. However, analysts were expecting a loss of $0.73 per share on sales of $2.94 billion. Office Depot Inc ODP swung to a loss of $5.4 million, or $0.05 per share in the first quarter, from a profit of $29.5 million, or $0.07 per share, in the year-ago period. ODP's sales dropped to $2.97 billion from $3.07 billion. AutoNation Inc AN reported its Q1 profit at $69.4 million, or $0.46 per share, up from $55.2 million, or $0.32 per share, in the year-earlier period. The company's revenue increased to $3.31 billion, from $2.84 billion. However, analysts were expecting a profit of $0.43 per share on revenue of $3.32 billion. AN lowered its full-year industry US new vehicle sales outlook from 12.8 million units to the mid-12 million units. Coach Inc COH reported better-than-expected its FQ3 earnings. The company's net income came in at $186 million, or $0.62 per share, versus $157.6 million, or $0.50 per share, in the year-ago period. The company's sales increased 14% to $950.7 million. However, analysts expected earnings of $0.60 per share on sales of $946.5 million. Lorillard Inc LO reported its Q1 earnings at $248 million, or $1.71 per share, compared with $232 million, or $1.50 per share, in the year-earlier period. However, analysts were expecting a profit of $1.57 per share. The company's net sales increased 13% to $1.54 billion. Illinois Tool Works Inc ITW also reported better-than-expected Q1 results and lifted full-year projections. The company reported its Q1 profit at $623 million, or $1.24 per share, versus $334 million, or $0.66 per share, in the year-earlier period. ITW's total revenue increased 17% to $4.39 billion. However, analysts were expecting a profit of $0.85 per share on revenue of $4.18 billion. Coca-Cola Co KO reported weaker-than-expected quarterly results. The company's Q1 profit came in at $1.9 billion, or $0.82 per share, versus $1.61 billion, or $0.69 per share, in the year-earlier period. The company's sales surged 40% to $10.52 billion. Excluding restructuring charges and other items, the company's earnings came in at $0.86 per share. However, analysts expected earnings of $0.87 per share on sales of $10.58 billion. Delta Air Lines Inc DAL reported lower-than-expected Q1 loss. The company reported a Q1 net loss at $318 million, or $0.38 per share, versus a loss of $256 million, or $0.31 per share, in the year-earlier period. However, analysts estimated a loss of $0.50 per share. DAL's operating revenue increased 13% to $7.75 billion. Lockheed Martin Corp LMT reported its Q1 profit at $530 million, or $1.50 per share, versus $533 million, or $1.41 per share, in the year-earlier period. However, analysts were expecting earnings of $1.51 per share. LMT's quarterly sales increased to $10.6 billion from $10.3 billion. For the full year, Lockheed lifted its profit projections to a range of $6.95 to $7.25 per share, from $6.70 to $7 per share. United Parcel Service Inc UPS reported upbeat earnings for the first quarter. UPS reported its Q1 profit at $885 million, or $0.88 per share, up from $533 million, or $0.53 per share, in the year-earlier period. The company's adjusted earnings surged to $0.88 per share, from $0.71 per share. The company's revenue increased 7.3% to $12.58 billion. However, analysts were expecting earnings of $0.84 per share on revenue of $12.71 billion. UPS boosted its 2011 earnings forecast to $4.15 to $4.40 per share, versus analysts' estimates of $4.25 per share. OSI System OSIS reported its Q3 EPS at $0.48, versus the estimates of $0.47. OSIS reported its revenue at $175 million, versus the consensus of $167.64 million. OSIS issued upbeat revenue projections for FY11. U.S. Steel Corp X reported its Q1 loss at $86 million, or $0.60 per share, versus a loss of $157 million, or $1.10 per share, in the year-ago period. The company's net sales increased to $4.86 billion from $3.90 billion. However, analysts expected a loss of $0.33 per share on sales of $4.89 billion. Read more from Benzinga's Markets.