Earnings Roundup For May 2 (HUM, DISH, L, CRZBY, CNA, CPO, EIX, MCY, JKS, AWI)

Humana Inc HUM reported a 22% rise in its first-quarter profit. Humana reported its quarterly net income at $315.2 million, or $1.86 per share, up from $258.8 million, or $1.52 per share, in the year-ago period. The company's revenue came in at $9.2 billion. However, analysts were expecting earnings of $1.49 per share on revenue of $9.11 billion. Dish Network Corp DISH reported a more than two-fold surge in its first-quarter net income. The company's net income increased to $549 million, or $1.22 per share, up from $231 million, or $0.52 per share, in the year-earlier period. Dish's quarterly revenue increased 5.5% to $3.22 billion. Loews Corp L reported a weaker-than-expected quarterly profit. The company reported its Q1 net income attributable to the company at $382 million, or $0.92 per share, down from $420 million, or $0.99 per share, in the year-earlier period. The company's earnings, excluding investment gains and losses, came in at $0.89 per share, missing analysts' estimates of $0.91 per share. The company's revenue from Diamond Offshore dropped 6% to $809 million. The company's contract drilling revenue declined to $789 million from $844 million. The company's total revenue dropped to $3.67 billion. Commerzbank AG CRZBY reported a 41% rise in its Q1 net profit on Monday. The bank reported its preliminary Q1 net profit at 1 billion euros ($1.48 billion), versus €708 million, in the year-ago quarter. However, analysts were expecting profit of €751 million. CNA Financial Corp CNA reported a 3% decline in its Q1 operating profit. The company reported its Q1 net operating income at $216 million, or $0.80 per share, down from $223 million, or $0.83 per share, in the year-earlier period. However, analysts were expecting earnings of $0.72 per share. Property & Casualty Operations combined ratio for the first quarter came in at 101.9%. Corn Products International Inc CPO reported upbeat Q1 results and raised its earnings guidance for the year. Corn Products reported its Q1 earnings at $1.97 per share, up from $0.57 per share, in the year- ago period. The company's earnings, excluding items, came in at $1.28 per share. The company's net sales increased 56% to $1.46 billion. The company's operating income surged to $227 million from $72 million. However, analysts were expecting earnings of $0.89 per share on revenue of $1.41 billion. The company lifted its full-year earnings forecast by $1.25 per share to $4.85-$5.15 per share and projects net sales to exceed $6 billion. However, analysts are projecting full-year earnings of $4.10 per share on revenue of $6.05 billion. Edison International EIX reported its Q1 profit at $200 million, or $0.61 per share, down from $236 million, or $0.72 per share, in the year-earlier period. The company's core earnings came in at $0.62 per share. The company's revenue increased to $2.33 billion, from $2.31 billion. Edison International continues to project 2011 core earnings of $2.60 to $2.90 per share. Edison's Southern California Edison utility unit's net income came in at $0.68 per share. However, its Edison Mission Group trading and retail electricity unit's reported a loss of $0.06 per share. Mercury General Corp MCY reported a 4.8% decline in its Q4 profit. However, the company reported upbeat operating earnings and revenue. Mercury General posted its Q4 profit at $58.2 million, or $1.06 per share, compared with $61.2 million, or $1.12 per share, in the year-ago period. The company's operating earnings, excluding items such as investment results, dropped to $0.72 per share from $0.85 per share. The company's revenue rose 0.8% to $705.5 million. However, analysts were expecting earnings of $0.56 per share on revenue of $670 million. JinkoSolar Holding JKS today announced its unaudited financial results for the first quarter ended March 31, 2011. Total solar product shipments were a record 208.4 megawatts ("MW"), compared to 162.6 MW in the fourth quarter of 2010 and 83.0 MW in the first quarter of 2010, representing an increase of 28.2% sequentially and 150.1% year-over-year. Total revenues were a record RMB2.1 billion (US$326.7 million), an increase of 21.1% sequentially and 289.8% year-over-year, exceeding the Company's first quarter of 2011 guidance of US$280 million to US$290 million. Armstrong World Industries AWI today reported first quarter 2011 results. Adjusted EBITDA, $93 million up 69% from 2010 Management raises full year guidance to adjusted EBITDA in the range of $375 to $415 million. Read more from Benzinga's Markets.