“Credit Agricole SA, France’s third- largest bank by market value, said first-quarter profit dropped 75 percent, hurt by Greek losses.

The bank slumped as much as 4 percent in Paris trading after reporting net income of 252 million euros ($326 million), less than the 482 million-euro average estimate of five analysts surveyed by Bloomberg.”

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“We haven’t seen any change in enterprise in Europe,” Otellini said today at a meeting for investors at the company’s headquarters in Santa Clara, California. “The year is playing out just as we expected. Enterprise is good. It’s not fantastic.” Intel, the world’s largest chipmaker, also reaffirmed its forecasts for the second quarter.

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Sony blamed slow television sales on the miserable report.

Cisco Systems on Q3 earnings conference call says it sees Q4 gross margin between 61-62%

Cisco Systems on Q3 earnings conference call sees Q4 revenue growth of 2-5% vs ~7.1% growth Capital IQ consensus

Cisco Systems on Q3 earnings conference call sees Q4 EPS of $0.44-0.46 vs $0.47 Capital IQ Consensus Estimate

Stock is +7.

$PCLN beats very nicely on the bottom line.

1. Priceline.com shares down 2.6% after Q1 report

   5 min ago

    

2. Priceline Q1 revenue $1.04 bln vs $809.3 mln

   7 min ago

    

3. Priceline Q1 profit $3.54 a share vs $2.05 a share

   8 min ago

   – Sue Chang

A yawn of a report so far. I suspect Chambers to be a bit cautious on the conference call.

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The company earned $1.5…

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Despite an upbeat earnings report the company gave disappointing guidance.

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While revs beat they did fall 4% yoy.

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HSBC showed profits of $6.8 Billion vs consensus of $5.4…

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Hat Tip: @getshawn on Twitter for the link:

start at 42:00

Flashback:

$300.04 mln consensus. The adjusted EBITDA margin for the quarter was 33.4% compared to 36.1% in the previous quarter and 33.0% for the first quarter of 2011. Total server count increased to 82,438 up from 79,805 servers at the end of the previous quarter, and total customers increased to 180,866, up from 172,510 at the end of the previous quarter.

Electronic Arts beats by $0.01, beats on revs; guides Q1 EPS below consensus, revs below consensus; guides FY13 EPS in-line, revs below consensus (15.13 +0.01)
Reports Q4 (Mar) earnings of $0.17 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.16; revenues fell 1.8% year/year to $977 mln vs the $959.19 mln consensus. Co issues downside guidance for Q1, sees EPS of -$0.45-0.40 vs. ($0.33) Capital IQ Consensus Estimate; sees Q1 revs of $500 mln vs. $581.85 mln Capital IQ Consensus Estimate. Co issues mixed guidance for FY13, sees EPS of $1.05-1.20, excluding non-recurring items, vs. $1.13 Capital IQ Consensus Estimate; sees FY13 revs of $4.30 bln vs. $4.52 bln Capital IQ Consensus Estimate.

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Highlights from the GMCR call.

Yelp Conference Call Commentary
During the conference call, YELP commented that mobile remains a top priority and focus and that the company is very encouraged with the trends it is seeing. On average, 6.3 million mobile devices accessed YELP per month during the quarter, which is up 80% from a year ago. In terms of monetization, YELP says that mobile is even better than on the web, and it is already monetizing this traffic. It says that the performance of ads is actually better than on the internet.

Regarding its expansion into new markets, YELP said it is now in 80 markets and that it added 11 new cities in the quarter, 8 of which were international. Later this year, the company is planning on launching a European sales force to support its growth in that geography. Overall, YELP says that there are 180 markets in the U.S. with over 250,000 people — which it believes is a good benchmark for markets it wants to be in — and says that there are more than 1,000 of these markets in the world. Over the long-term, it would like to consider all of these markets, but in the near-term, mangement stated that it is difficult forecast how many it will enter. Generally speaking, the company says that it wants to grow at a healthy clip, but not outgrow themselves.

From a longer-term perspective, YELP says that it is striving to achieve 30-35% adjusted EBITDA margins. In the shorter term, though, the company will continue to invest in new markets and will remain focused on growing the topline. This suggests that sales & marketing expense will remain elevated in coming quarters. For this quarter, sales & marketing, as a percent of sales, was 69% compared to 68% a year ago.