Toyota Motor Corporation (NYSE:TM) was the highlight company among large-caps to post earnings Friday morning on a light news day in the earnings arena, when it hit a significant milestone a year after its home country of Japan was decimated by an earthquake. Only four large companies ($10 billion market cap or more) reported earnings Friday.
Viacom Inc. (NASDAQ:VIAB) posted a double-miss on its report, with EPS of 97 cents and revenue of $3.24 billion missing estimates by 4 cents and $240 million, respectively. Viacom Inc.’s shares were down 3 percent before the open to $44.50.
The Procter & Gamble Company (NYSE:PG) posted a quarterly EPS of 82 cents, which beat estimates by 5 cents. On the revenue side, the company posted $20.2 billion, which was consistent with estimates and down 1 percent over the same period last year. Shares are up nearly 2 percent pre-market to $64.75. The Procter & Gamble Company also lowered its guidance for the next quarter, projecting an EPS of 91-97 cents, while analysts had estimated $1.02.
Royal Bank of Scotland Group (NYSE:RBS) saw its quarterly loss drop by nearly 50 percent from a year earlier (from 897 million pounds last year to 46 million pounds in 2012). Operating profit was down 22 percent, but was consistent with estimates. The stock is up 4 percent pre-market to $6.60. No work yet on how much Royal Bank of Scotland Group might have to pay to repent for the Libor scandal, which has rocked several foreign banks and had a ripple effect on the U.S. banking system as well.
Toyota Motor Corporation (NYSE:TM) reported its best net profit in four years in its quarterly report, recording $3.7 billion thanks to Prius sales in Japan and Camry sales in the U.S. Toyota posted a profit that was more than 200 times higher than a year ago, when a major earthquake hit Japan. Toyota improved its production guidance for the year to 9.76 million cars sold from 9.58 million. Toyota Motor Corporation (NYSE:TM) stock is up nearly 4 percent pre-market to more than $80.