) reported upbeat second-quarter earnings and lifted its 2011 projections. Bristol-Myers reported its quarterly earnings at $902 million, or $0.52 per share, down from $927 million, or $0.53 per share, in the year-earlier period. Its revenue surged 14% y/y to $5.4 billion. Bristol-Myers' adjusted earnings came in at $971 million, or $0.56 per share. However, analysts were expecting earnings of $0.55 per share on revenue of $5.05 billion. Bristol-Myers Squibb lifted its 2011 adjusted earnings forecast to a range of $2.20 to $2.30 per share. Exxon Mobil Corp (NYSE:

) reported a rise in its second-quarter net income and lifted its 2011 projections. DuPont's quarterly net income climbed to $1.22 billion, or $1.29 per share, from $1.16 billion, or $1.26 per share, in the year-ago quarter. The company's adjusted earnings came in at $1.37 per share. DuPont's total sales climbed to $10.5 billion from $9.08 billion. However, analysts were expecting earnings of $1.34 per share on revenue of $9.86 billion. DuPont raised its full-year 2011 adjusted earnings forecast to a range of $3.90 to $4.05 per share, up from its earlier forecast of $3.65 to $3.85 per share. Analysts expected 2011 earnings of $3.88 per share. Potash Corp. of Saskatchewan (NYSE:

) reported a 75% surge in its quarterly net profit and raised its earnings forecast for the year. Potash reported its quarterly net profit at $840 million, up from $480 million, in the year-earlier quarter. Its earnings per share surged to $0.96 from $0.53. Potash's revenue climbed 62% to $2.33 billion. However, analysts were expecting earnings of $0.86 per share on revenue of $2.01 billion. For the year, Potash raised its earnings outlook to a range of $3.40 to $3.80 per share, versus analysts' estimates of $2.46 per share. Starwood Hotels & Resorts Worldwide Inc (NYSE:

) reported a 15% rise in its second-quarter earnings and raised its full-year earnings forecast. Starwood reported its quarterly profit at $131 million, or $0.68 per share, up from $114 million, or $0.61 per share, in the year-ago period. Excluding items, Starwood's earnings from continuing operations came in at $0.50 per share. Its revenue climbed 11% to $1.43 billion. However, analysts were expecting earnings of $0.46 per share on revenue of $1.41 billion. Starwood lifted its full-year earnings outlook to $1.67 to $1.77 per share, from its earlier outlook of $1.60 to $1.70 per share. It projects Q3 earnings of $0.36 to $0.40 per share, versus analysts' estimates of $0.37 per share. International Paper Co (NYSE:

) reported upbeat second-quarter earnings. International Paper reported its quarterly profit at $224 million, or $0.52 per share, up from $93 million, or $0.21 per share, in the year-ago period. Excluding restructuring and other charges, International Paper's earnings from continuing operations came in at $0.80 per share. Its revenue climbed 8.6% to $6.65 billion. However, analysts were expecting earnings of $0.67 per share on revenue of $6.63 billion. Thomson Reuters Corp (NYSE:

) reported a 91% jump in its second-quarter operating profit. Thomson Reuters reported its quarterly net earnings at $572 million, or $0.67 per share, up from $297 million, or $0.35 per share, in the year-ago period. Thomson Reuters' adjusted earnings came in at $0.51 per share. Its revenue climbed 7% to $3.45 billion. Its revenue from ongoing businesses surged 4% to $3.2 billion. However, analysts were expecting earnings of $0.49 per share on revenue of $3.24 billion. Sprint Nextel Corp (NYSE:

) swung to a second-quarter net profit on Thursday. Alcatel-Lucent reported its quarterly net profit at 43 million euros ($61.3 million), versus a loss of 184 million euros, in the year-earlier period. Its revenue rose 2.4% to 3.9 billion euros. Alcatel-Lucent's adjusted operating profit surged to 108 million euros from 28 million euros. Analysts were expecting adjusted operating profit of 138.4 million euros on revenue of 4.01 billion euros. Legg Mason Inc (NYSE:

) swung to a quarterly net loss on Thursday. Sony posted a loss at 15.5 billion yen ($199 million) in the April-June quarter, versus a profit of ¥25.7 billion, in the year-ago quarter. Its quarterly sales dropped 5% to 1.49 trillion yen ($19 billion). Sony lowered its group net profit outlook for the fiscal year to ¥60 billion ($769 million), from its earlier forecast of ¥80 billion ($1 billion). It also lowered its sales outlook for the fiscal year to 7.2 trillion yen ($92 billion), from 7.5 trillion yen ($96 billion). Infineon Technologies AG (OTC:

) reported a 67% decline in its fiscal third-quarter profit. Siemens reported its quarterly profit at 462 million euros. Its total revenue climbed 2.4% to 17.84 billion euros. Its new orders climbed 20% to 22.9 billion euros. Analysts were expecting a net profit of 949 million euros and new orders of 22.15 billion euros. Royal Dutch Shell PLC (NYSE: RDS-A) reported a strong rise in its second-quarter net profit. Royal Dutch Shell's quarterly net profit surged to $8.66 billion, from $4.39 billion in the year-ago period. Its revenue climbed 34% to $121.26 billion. Excluding one-time items and the impact of energy price changes on unsold inventory, Royal Dutch Shell's profit jumped 56% to $6.55 billion. Royal Dutch Shell announced its plans to pay a quarterly dividend of $0.42 per share. BASF SE (OTC: