George Weston Ltd, the food giant that owns Weston Foods, Loblaw, among other brands, today reported earnings for the first quarter of 2010.

The food giant reported total sales across al segments of $7,177-million, up marginally from $7,022-million in the same period last year.

Aggregate operating income was $274-million in Q1 ’10, compared to $101-million in Q1 ’09.

Net earnings fell sharply from Q1 2009 from $863-million ($6.61 per share) to $42-million ($0.25 per share) in the first quarter of 2010.

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The Japanese-based video game giant, Nintendo, published [PDF] fiscal earnings today, posting a decline in total profits and slumping sales of its hugely popular Nintendo Wii gaming platform.

Nintendo reported sales net of all charges of 1,434.3-billion yen, compared to $1,838,622 YoY. Operating profit in the period were 356.5-billion yen, with the company earning net income of 228.6-billion yen, compared to 279,089 YoY.

Total assets in the period as at March 31, 2010 were 1,760,986 yen, down 2.75-percent from the same period in 2009.

ROE for the year ended March 31, 2010 was 17.7-percent, down from 22.5-percent in the same period last year, while income per share dropped to 1,787-billion in 2010, down from 2,182-billion yen.

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The Canadian telecom giant, Telus, today posted [PDF] earnings for the first quarter of 2010.

The company reported total revenue of $2.375-billion for the quarter, which is essentially unchanged from the same period last year.

Despite revenue staying stagnant, total profit in the quarter was down almost 17-percent to $268-million, compared to the same period in Q1 ’09.

The company said it added 51,000 aggregate net subscribers across all of it’s services, but it had lost 57,000 land line subscribers in the period due to intensifying competition from other market competitors, primarily in Vancouver and western Canada.

The company currently has 11.89-million total customer connections, compared to 11.62-million in the same period in 2009, an increase of 2.4-percent YoY.

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Moments ago from New York City, the subscription-based satellite radio company, Sirius XM Radio, published earnings for the first quarter of 2010.

The company reported strong profits of $760.6-million in the quarter, up 11-percent from the same period in 2009.

Income from operations in the period were $157.8-million, up 45-percent YoY.

Net income from operations was up significantly to $93-million, compared to only $43.7-million in Q1 2009.

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Europe’s largest airline company that moves the most number of people in the continent, reported marginal financial earnings for the first quarter of 2010, posting a material EUR 298-million.

The company’s revenue was up by 16-percent in the quarter to EUR 5.8-billion, compared to the same period last year where the company had total revenues of $5.8-billion

In Q1 ’10, Lufthansa reported an operating loss of EUR 300-million, compared to a smaller EUR 44-million loss in Q1 ’09.

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The company had the highest earnings ever recorded in a single quarter, reporting a massive USD $3.6-billion profit, largely attributable to increasing demand for semiconductors as the global economy begins to pick up again.

The company’s semiconductor unit had the most year-over-year growth of 57-percent, as the company sold 8.2-trillion Won worth of semiconductor chips, of which 5.59-trillion Won was from memory chips alone, which those sales increased by 76-percent from the same period in 2009. 30-percent of aggregate semiconductor sales were attributable to personal computer parts.

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The British-based bank Barclays today reported positive earnings for the first quarter of 2010.

Total revenue in the first quarter of 2010 increased 4-percent year-over-year (YoY) to £8.07-billion as the company saw significant growth in its investment banking division were pre-tax profits in the division increased by 62-percent to £1.47-billion

The top bank reported before tax profit of £1,820-million, an increase of 47-percent from the same quarter in fiscal 2009.

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The largest Chinese-based online search engine, Baidu, has released first quarter earnings for 2010, posting a massive 165-percent increase in quarterly revenue over the same period last year.

The company reported total revenue of $189.6M in the latest Q1 2010 period, up 59.6-percent from Q1 2009. Operating profits in Q1 2010 were $77.8-million, up over 165-percent from Q1 2009.

Net income in the first quarter of 2010 was $70.4-million, also up significantly by 165-percent from the same period in fiscal 2009.

Retained earnings as at March 31, 2010 was $3,921-million, slowly increasing from $2,136-million from the same period last year.

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The now world’s largest food and beverage company in the America’s has published [PDF] strong Q1 2010 earnings, while increasing growth projections in the coming years.

The company reported total gross sales of $9.37-billion in the quarter, up from the same period in 2009 from $8.26-billion.

Net income was $1.43-billion ($0.89 per share), up 13-percent (or up 11-percent with currency adjustments) to $1.14-billion in Q1 2009.

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The world’s largest online auction website, eBay, today lowered revenue projections for the full year, sending the stock down more than 8-percent to $24.17 per share in after hours trading as at 7:15pm EST.

The company also released [PDF] Q1 2010 earnings today, reporting total revenue of $2.2-billion, beating analyst expectations but still sending the stock down after lowering future expected earnings.

The company said net income in Q1 2010 was $398-million ($0.30 per share), up from $357-million ($0.28 per share) from the same period in 2009.

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