NEW YORK -- Google
Google's sales from ads are forecast by analysts to rise by nearly 20% from the year-earlier quarter.
In the first quarter of 2012, Google posted adjusted earnings of $10.08 a share on revenue of $10.6 billion.
Last year, Verizon earned 59 cents a share on revenue of $28.2 billion.
Michael Rollins of Citigroup expects Verizon to report adding a net 650,000 new wireless devices on contract-based plans in the quarter, markedly down from 2.1 million added in the fourth quarter last year, when Apple's
The company earned 63 cents a share on revenue of $3.7 billion for the quarter ended March 31. Analysts were expecting earnings of 62 cents a share on revenue of $3.76 billion.
The company's PayPal business saw strong revenue growth, up 18% year over year to $1.5 billion. PayPal added another 5 million registered accounts to end the quarter with 128 million, as net total payment volume grew 21% to $41 billion.
For the second quarter, eBay said it expects earnings between 61 cents and 63 cents a share. Sales are expected to be between $3.8 billion and $3.9 billion. Analysts are looking for profit of 66 cents a share on sales of $3.95 billion.
Revenue in the quarter fell short of analysts' expectations.
American Express said spending by its cardholders rose 6%.
SanDisk said first-quarter revenue increased 11% to $1.34 billion from a year earlier as solid state drive products drove 20% of sales. Analysts, on average, were expecting revenue of $1.31 billion. Sales fell 13% sequentially.
The company posted first-quarter adjusted net income of $207 million, or 84 cents a share, beating the consensus earnings estimate of 79 cents.
-- Written by Joseph Woelfel
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