10:45 AM New York – Amphenol first quarter net fell to $127 million. Dover Corp. first quarter net edged up to $196 million. Halliburton first quarter net rose 23% to $627 million. Intuitive Surgical first quarter net surged 38% to $144 million. Polaris first quarter net surged 27% to $60 million. Bank of New York Mellon first quarter net increased 7% to $619 million.

Earnings Review

Abbott Laboratories (ABT), the health care products maker reported first quarter net sales increased 4.6% to $9.46 billion from $9.04 billion in the same quarter last year. Net earnings in the quarter surged 44% to $1.24 billion or 78 cents per diluted share compared to $864 million or 55 cents per share in the year ago.

Abbott said it’s on track to separate into two publicly traded companies by this year end, as they said in October 2011 for one in the diversified medical products and other one will be in the research based pharmaceuticals.

Amphenol Corporation (APH), the fiber optic cables maker reported first quarter sales rose 4.4% to $981.6 million from $940.6 million in the same quarter last year. Net earnings in the quarter fell to $126.6 million or 77 cents per diluted share compared to $128.0 million or 72 cents per share in the year ago earlier.

The company anticipates second quarter revenues in the range of $1.04 to $1.06 billion and diluted earnings per share in the range of 82 to 85 cents and for the year revenues are expected in the range between $4.11 and $4.19 billion and diluted earnings per share between $3.30 and $3.38.

BlackRock, Inc. (BLK), the investment manager total revenue edged down 1% to $2.25 billion from $2.28 billion in the same quarter last year. Net income in the quarter rose 1% to $572 million or $3.14 per diluted share compared to $568 million or $2.89 per share in the year ago period.

Dover Corporation (DOV), the fabricated products maker reported first quarter total revenue grew 17% to $2.1 billion from $1.8 billion in the same quarter last year. Net earnings in the quarter edged up to $196.1 million or $1.05 per diluted share compared to $194.9 million or $1.03 per share in the year ago period.

Halliburton Company (HAL), the oilfield service provider reported first quarter total revenue surged 30% to $6.87 billion from $5.28 billion in the same quarter last year. Net income in the quarter rose 23% to $627 million or 68 cents per diluted share compared to $511 million or 56 cents per share in the year ago period.

International Business Machines Corporation (IBM), the information technology reported first quarter total revenue flat to $24.7 billion from the same quarter last year. Net income in the quarter increased 7% to $3.1 billion or $2.61 per diluted share compared to $2.9 million or $2.34 per share in the year ago earlier.

IBM raised full year 2012 diluted earnings per share to at least $14.27 from at least $14.16.

Intel Corporation (INTC), the microprocessor maker reported first quarter revenue fell 6% to $12.09 billion from $12.85 billion in the same quarter last year. Net earnings in the quarter slumped 13% to $2.74 billion or 53 cents per diluted share compared to $3.16 billion or 56 cents per share in the year ago.

Intel expects second quarter revenue would be approximately of $13.6 billion.

Intuitive Surgical, Inc. (ISRG), the surgical equipments maker reported first quarter revenue increased 28% to $495 million from $388 million in the same quarter last year. Net income in the quarter surged 38% to $144 million or $3.50 per diluted share compared to $104 million or $2.59 per share in the year ago earlier.

Polaris Industries Inc. (PII), the recreational vehicles maker reported first quarter net sales soared 25% to $673.8 million from $537.2 million in the same quarter last year. Net income in the quarter surged 27% to $60.1 million or 85 cents per diluted share compared to $47.3 million or 67 cents per share in the year ago earlier.

Stryker Corporation (SYK), the medical technology company reported first quarter revenue grew 7.2% to $2.2 billion from $2.0 billion in the same quarter last year. Net income in the quarter increased 14% to $350 million or 91 cents per diluted share compared to $307 million or 78 cents per share in the year ago earlier.

The Stryker said financial forecast for 2012 sales increase of 3.5% to 6.5%.

The Bank of New York Mellon Corporation (BK), the financial service provider reported first quarter total revenue flat to $3.64 billion from the same quarter last year. Net income in the quarter increased 7% to $619 million or 52 cents per diluted share compared to $625 million or 50 cents per share in the year ago earlier.

Yahoo! Inc. (YHOO), the online contents provider first quarter revenue edged up to $1.22 billion from $1.21 billion in the same quarter last year. Net earnings in the quarter surged 28% to $286 million or 23 cents per diluted share compared to $223 million or 17 cents per share in the year ago earlier.