ConocoPhillips Co. reported 1Q12 results for quarter ending 31 March 2012. Net earnings for the firm came in at USD 2.937 b vs USD 3.028 b on 2011 on a y-o-y basis on account of weak refining margins. Diluted EPS came in at USD 2.27 a share as against USD 2.09 a share on a y-o-y basis. The EPS excluding USD 330 m of adjustments for special items came in at USD 2.02 a share, below expectations of USD 2.08 a share. Refining and marketing profits declined to USD 452 m as compared to USD 482 m a year ago. (IR, ConocoPhillips)

Kellogg Company – Co. lowered its full-year 2012 guidance based on weaker than expected 1Q sales on account of decline in volume in the U.S and its expected plans to invest in future to target growth. Although net sales declined by 1.3 percent with EPS of USD 1.00 per share, its earnings was at USD 0.95 a share when taking into account a 5 cent a share benefit from hedging activities. This was below expectations of 99 cents a share. The company expects its internet sales for 2012 to increase by 2 – 3 percent and operating profit is expected to decrease at 2 – 4 percent on account of lower sales. Earnings for the company are expected at USD 3.18 to 3.30 a share. (IR, Kellogg Company)

B/E Aerospace – Co. reported 1Q12 earnings for 31 March 2012. Revenues came in at USD 747.3 m vs USD 600.2 m previously, a 24.5 percent increase. Net earnings came in at USD 68.8 m vs USD 50.3 m previous. Earnings came in at USD 0.67 a share as against USD 0.49 a share previously. Outlook for the company for 2012 witnesses an increase in its earnings at USD 2.75 a share including USD 0.13 a share of interest expense drag on the earnings from undeployed capital on its USD 500 m 5.25 senior unsecured notes. The company also estimated an order backlog of USD 8.1 b for 2012 outlook. Revenues are expected at USD 2.95 b, an 18 percent increase over 2011. (Bloomberg)

Xerox Corp – Co. reported a decline in its 1Q12 profits for quarter ended 31 March 2012. Revenues for the firm came in at USD 5.503 b vs USD 5.465 b on a y-o-y basis, an increase of 1 percent as against expectations of USD 5.47 b. Net earnings declined by 4 percent to USD 276 from USD 281 m previously. EPS came in at USD 0.19 a share vs USD 0.19 a share previously. Adjusted earnings came in at USD 0.23 a share, matched analyst’s forecasts.

FY2012 co. expects EPS at 97 cents to USD 1.03 per share and adj, EPS at USD 1.12 to USD 1.18 per share vs. expectation of USD 1.08 per share. (IR, Xerox Corp/Boston.com/AP)

Knoll Inc. – Co. reported lower 1Q12 profit at USD 7.3 m from USD 9.2 m previously. Earnings came in at USD 0.15 a share vs USD 0.20 cents a share previous, as against expectations of USD 0.17 a share. EPS after adjusting for unrealized forex losses and other special items came in at USD 0.18 a share. Revenues declined by 11 percent to USD 196.7 m on account as its clients cut down on spending. This came below expectations of USD 202.2 m. (CNBC)

Check Point Software Technologies – Co. reported better than expected results for 1Q12 ending 31 March 2012. Revenues came in at USD 313.116 m vs USD 281.274 m on a y-o-y basis, a 11 percent rise. Expectations for revenues came in at USD 312.9 m. Net earnings came in at USD 143.626 m vs USD 122.090 m a year ago, a 18 percent rise. EPS came in at USD 0.68 a share vs USD 0.57 a share. Adjusted earnings excluding stock compensation expense and other items came in at USD 0.74 vs expectations of USD 0.72 a share. Growth was driven by its network security appliances and its software blade technology. (IR, Check Point Software)

Hasbro Inc – Co. reported 1Q12 loss of USD 2.6m vs. previous 1Q11 net income at USD 17.2m. EPS at 2 cents per share vs. 12 cents per share. Revenue at USD 648.9m vs. expectation USD 667.6m vs. previous USD 672m, drop in revenue was due to unfavorable foreign currency rate. (Boston.com/AP)

D.R.Horton Inc – Co. reported 2Q11-12 net income at USD 40.6m vs. previous USD 27.8m. EPS at 13 cents per share vs.  expected 4 cents per share vs. 9 cents per share. Revenue at USD 935.6m vs. expected USD 853.5m vs. previous USD 733.1m. Co. declared a quarterly dividend of 3.75 cents per share.

Closing at 4240 homes vs. previous 3516 home, up 21 per cent; backlog of homes under contracts at 6189 homes vs. prev. 5281 homes, up 17 per cent. (Boston.com/AP)

Eaton Crop – Co. reported 1Q12 net income of USD 311m vs. previous USD 287m. EPS at 91 cents per share vs. previous 83 cents. Excluding charges co. earned 92 cents vs. expected 2 cents. Revenue at USD 3.96b vs. expected USD 3.99b vs. previous USD 3.8b.

FY2012 guidance raised second time to EPS of USD 4.30 to USD 4.70 and net income per share between USD 4.23 and USD 4.63 vs. expected USD 4,47 per share. (Boston.com/AP)

Zions Bancorp – Co. reported 1Q12 net income at USD 25.5m vs. previous USD 14.8m. EPS 14 ents vs. previous 8 cents. (Reuters)

Netflix Inc – Co.reported 1Q12 loss of USD 4.6m vs. previous USD 60m. EPS at 8 cents vs. expected 27 cents vs. prev, USD 1.11. Revenues at USD 870m vs. expected USD 866m. (NYTimes)

Facebook – Co. reported 1Q12 revenue at USD 1.06b vs. previous USD 731m. Profit at USD 205m vs. previous USD 233m. (Telegraph UK)