Exxon Mobil (XOM) posts $2.03, vs. $1.62 a year ago, first quarter EPS on 34% revenue rise. Notes lower refining, chemical margins, lower production volumes, higher operating costs.
Adobe Systems (ADBE) believes it will achieve quarterly results near high-end of its target ranges of $855-$885 million revenue, GAAP EPS of $0.35-$0.37, non-GAAP EPS of $0.45-$0.47. Continues to target 2008 GAAP EPS of $1.45-$1.51, non-GAAP EPS of $1.86-$1.92.
Eastman Kodak (EK) posts $0.40 first quarter loss per share, vs. $0.53 loss (both GAAP from continuing operations), on 1% sales rise. Sees flat to 2% revenue growth for 2008, GAAP EPS from continuing operations of $250-$275 million.
Comcast (CMCSA) posts $0.19, vs. $0.17, first quarter adjusted EPS on 14% higher consolidated revenue. Reaffirms 2008 consolidated revenue and operating cash flow growth of 8% to 10%.
Sepracor (SEPR) posts $0.53, vs. $0.44, first quarter non-GAAP EPS despite 2.1% revenue decline. Reiterates $1.05-$1.45 2008 GAAP EPS on $1.35-$1.45 billion revenue forecast.
Owens-Illinois (OI) posts $1.02, vs. $0.31, first quarter EPS from continuing operations on 16% higher sales.
CVS Caremark (CVS) posts $0.55, vs. $0.46, first quarter adjusted EPS on 3.7% higher same-store sales, 3.7% higher pharmacy same-store sales, 61% higher total sales.
Iron Mountain (IRM) posts better-than-expected $0.16, vs. $0.17, first quarter EPS on 18% revenue rise. Raises 2008 guidance to 10%-13% revenue growth, 10%-14% operating income before depreciation and amortization (OIBDA).