Apple
Sales of the iPhone helped it blow past Wall Street’s expectations with a 90 percent leap in net income for the most recent quarter. It sold nearly 9 million of its popular smartphones in the three months that ended March 27, more than doubling sales from a year ago. Earnings rose to $3.07 billion, or $3.33 per share, from $1.62 billion, or $1.79 per share, in the same period last year.
Delta Air Lines
The airline reported Tuesday that it lost $256 million in the first quarter as winter storms restricted service for many major carriers in the January-March period. Delta lost $65 million in revenue because of repeated storms in February, when it canceled 7,000 flights.
Johnson & Johnson
First-quarter profit increased slightly as consumer spending continues to recover from recession levels. J&J reported first-quarter profit rose 29 percent to $4.53 billion, or $1.62 per share.
Yahoo
First-quarter earnings nearly tripled as the Internet company’s revenue edged up for the first time in 18 months. The company earned $310.2 million, or 22 cents per share, in the January-March period. That compared with income of $117.6 million, or 8 cents per share, a year ago.
Harley-Davidson
First-quarter profit fell 72 percent as sales of its high-end bikes remained sluggish. Harley reported a profit of $33.3 million, or 14 cents per share.
