Honda Motor Co. (NYSE:HMC): First-quarter net profit fell 7 percent year-over-year, coming in at 122.5 billion yen ($1.2 billion), below the 144.5 billion yen consensus. Revenue grew 16 percent to 2.83 trillion yen against forecasts calling for 2.8 trillion. The company put significant investments into expanding output and further advancing into emerging markets, moves partially offset by strong demand for the Accord sedan and a weaker yen. Now, the company is looking toward expanding its market share in the U.S., according to executives.
Diageo Inc. (NYSE:DEO): Diageo reported 2013 pretax profit of 3.12 billion pounds, flat year-over-year. Operating profit, with the exclusion of some items, grew 10 percent to 3.53 billion pounds, above the consensus measure of 3.48 billion. Attributable profit grew 28 percent and net sales grew 6 percent, while organic sales rose 5 percent versus the consensus of 4.7 percent and the group medium-term target of 6 percent.
Anheuser-Busch Inbev (NYSE:BUD): Shares are ripping over 6 percent as the company announced revenues of $10.59 billion versus the reference base of $10.35 billion and consensus of $10.2 billion, with organic sales seeing a 3.9 percent surge against the consensus of 3.7 percent. A price hike boosted revenue toward the end of the year, and a shift to new products — like Bud Light Platinum and the margarita-flavored Bud Light Lime Lima-a-Rita — took effect.
Qualcomm Inc. (NASDAQ:QCOM): The Financial Times revealed that Qualcomm’s investment in Alcatel-Lucent (NYSE:ALU) is worth about $133 million in an investment separate from the equity element of the new relationship. Given that Qualcomm’s ownership is 5 percent or less — no new shares were issued in the deal — the company is not obligated to release details. The companies will be working on the research and development of small cell base stations, as Alcatel had already started partnering with telecom providers.
Don’t Miss: Ford Keeps Pushing Tech Envelope with This Move.