10:45 AM New York – InterOil first quarter net surged more then twelve folds to $9.44 million. KiOR first quarter net loss widened to $16.8 million. Seadrill first quarter net plunged 50% to $439 million. Silver Wheaton first quarter net increased 20% to $147.2 million.

Earnings Review

Avon Products, Inc. (AVP), the beauty products maker said it will respond within a week to Coty Inc as management and the company''s financial and legal advisors will consider Coty''s letter dated May 9 offering $10.7 billion for the company.

InterOil Corporation (IOC), the Australia based petroleum company reported first quarter total revenue soared 39% to $338.1 million compared to $243.7 million in the same period last year. Net profit in the quarter surged more then twelve folds to $9.44 million or 19 cents per diluted share compared to $0.70 million or 1 cent per share a year ago period.

KiOR, Inc. (KIOR), the renewable fuel producer did not recognize revenue during the first quarter Net loss in the quarter widened to $16.8 million or 16 cents per diluted share compared to $13.4 million or 16 cents per share a year ago earlier.

Seadrill Limited (SDRL), the Bermuda based offshore drilling company reported first quarter revenue fell 5% to $1.05 billion compared to $1.11 billion in the same period last year. Net income in the quarter plunged 50% to $439 million or 87 cents per diluted share compared to $886 million or $1.83 per share a year ago.

Silver Wheaton Corp. (SLW), the Canada based mining company revenues grew 26% to $199.6 million compared to $158.2 million in the same period last year. Net profit in the quarter increased 20% to $147.2 million or 41 cents per diluted share compared to $122.2 million or 34 cents per share a year ago period.