Earnings Roundup For May 3 (PFE, MA, PCS, MYL, WLK, THC, COCO, CTSH, EMR, ADM, LM, IFNNY, TAP, FDP)

Pfizer Inc PFE reported a 10% rise in its first-quarter profit. The company's profit came in at $2.22 billion, or $0.28 per share, versus $2.03 billion, or $0.25 per share, in the year-earlier period. The company's adjusted earnings came in at $0.60 per share. The company's revenue dropped to $16.5 billion, from $16.6 billion. Pfizer's latest quarter revenue does not include sales of $177 million from its Capsugel business. However, analysts were expecting earnings of $0.58 per share on revenue of $16.6 billion. Pfizer projects 2011 adjusted earnings of $2.25 to $2.35 per share, versus analysts' estimates of $2.24 per share. MasterCard Inc MA reported its Q1 net income at $562 million, or $4.29 per share, up from $455 million, or $3.46 per share, in the year-ago quarter. The company's net revenue surged 15% to $1.5 billion. However, analysts were expecting earnings of $4.08 per share on revenue of $1.45 billion. The company's worldwide purchase volume rose 13% to $545 billion. MetroPCS Communications Inc PCS reported a more than two-fold surge in its first-quarter net income. The company's Q1 net income came in at $56.4 million, or $0.15 per share, versus $22.7 million, or $0.06 per share, in the year-ago period. The company's revenue increased to $1.19 billion from $970.5 million. The company's average revenue per user increased 1.5% year-over-year to $40.42. Mylan Laboratories Inc MYL reported an 8.7% rise in its first-quarter net profit. The company's Q1 net profit came in at $104.2 million, versus $95.9 million, in the year-earlier period. The company's earnings per share increased to $0.23 from $0.20 per share. The company's revenue rose 12% to $1.44 billion. The company's adjusted earnings per share surged to $0.44 from $0.36 per share. The company's board also authorized the buyback of up to $350 million of stock. The company reaffirmed the 2011 adjusted earnings forecast of $1.90 to $2.10 per share. Westlake Chemical Corp WLK reported its Q1 net profit at $83.5 million, or $1.25 per share, up from $17.6 million, or $0.27 per share, in the year-earlier period. The company's sales rose 11% to $867.3 million. However, analysts were expecting earnings of $0.98 per share on sales of $839.3 million. Tenet Healthcare Corp THC reported its first quarter profit at $73 million, or $0.14 per share, from $88 million, or $0.17 per share, in the year-ago period. The company's revenue rose to $2.51 billion from $2.34 billion. However, analysts were expecting earnings of $0.13 per share on revenue of $2.48 billion. Corinthian Colleges COCO reported its quarterly EPS of $0.21, versus the consensus of $0.21.COCO reported its revenue at $462.3 million, versus the estimates of $467.22 million. Cognizant Technology Solutions Corp CTSH reported its Q1 net income at $208.3 million, or $0.67 per diluted share, versus $151.5 million, or $0.49 per share, in the year-earlier period. The company's revenue surged to $1.37 billion from $959.7 million. However, analysts were expecting earnings of $0.64 per share on revenue of $1.37 billion. Cognizant projects Q1 revenue of at least $1.45 billion. The company also expects diluted EPS of $0.65 per share and adjusted earnings of $0.70 per share. Emerson Electric Co EMR reported its Q2 net income at $567 million, up from $418 million, in the year-earlier period. The company's earnings came in at $0.73 per share, up from $0.53 per share. The company's net sales surged 18% to $5.85 billion. However, analysts were expecting earnings of $0.75 per share on sales of $5.82 billion. Emerson projects 2011 earnings per share in the range of $3.20 to $3.30 per share. Archer Daniels Midland Co ADM reported its FQ1 earnings at $578 million, or $0.86 per share, up from $421 million, or $0.65 per share, in the year-earlier period. The company's sales surged to $20.08 billion from $15.15 billion. However, analysts were expecting earnings of $0.86 per share on sales of $16.89 billion. Legg Mason Inc LM reported its fiscal fourth-quarter profit at $69 million, or $0.45 per share, from $61.6 million, or $0.41 per share, in the year-ago quarter. The company's sales dropped to $713.4 million from $721.9 million. The company's adjusted income came in at $0.77 per share. However, analysts were expecting earnings of $0.45 per share on sales of $712.3 million. Infineon Technologies AG IFNNY reported its FQ2 net income at 572 million euros ($849.2 million), or 0.5 euro per share, versus 79 million euros, or 0.07, in the year-ago quarter. The company's profit from continuing operations per share came in at 0.15 euro versus 0.07. The company's revenue increased to 994 million euros from 781 million. Molson Coors Brewing TAP reported its quarterly EPS of $0.44, versus the estimates of $0.45. TAP reported its revenue at $690.4 million, versus the estimates of $685.69 million. Fresh Del Monte FDP reported its quarterly EPS of $0.96, versus the estimates of $0.76. FDP reported its revenue at $974 million, versus the estimates of $950.6 million. Read more from Benzinga's Markets.