Boeing Co., Seattle, posted earnings of $418 million on revenue of $9.91 billion for the first quarter ended March 31, compared with earnings of $469 million on revenue of $14.4 billion in the first quarter of 1999.
Conexant Systems Inc., Newport Beach, reported pro forma earnings of $47.1 million on revenue of $501.7 million for its fiscal second quarter ended March 31, compared with earnings of $8.9 million on sales of $316.9 million for the prior second quarter. For the six-month period, the company reported pro forma earnings of $100.4 million on sales of $1.01 billion, compared with a loss of $23.6 million on sales of $611.6 million in the prior-year period.
Broadcom Corp., Irvine, reported earnings of $41.8 million on sales of $191.3 million for its first quarter ended March 31, compared with earnings of $15.7 million on sales of $100 million for the first quarter last year.
Powerwave Technologies Inc., Irvine, reported earnings of $10.3 million on sales of $103.8 million for the first quarter ended March 31, compared with earnings of $2.1 million on sales of $56.0 million the same period last year.
Irvine-based Westcorp, the parent and holding company for WFS Financial Inc. and Western Financial Bank, reported earnings of $20.0 million on total interest income of $100.9 million for the first quarter of 2000 that ended March 31, compared with earnings of $9.3 million on total interest income of $ 61.1 million for the same period in 1999.
Varco International Inc., Orange, posted earnings of $6.0 million on revenue of $96.3 million in the first quarter ended March 31, compared with earnings of $11.7 million on revenue of $152.2 million in the first quarter of 1999.
FileNet Corp., Costa Mesa, reported earnings of $6.4 million on sales of $92.8 million for the first quarter ended March 31, compared with earnings of $2 million on sales of $81.4 million for the first quarter of 1999.
Newport Beach-based Downey Financial Corp. reported earnings of $27.4 million on total income of $84.3 million for the first quarter of 2000, compared with earnings of $12.3 million on total income of $60.3 million for the same period last year. The company reported earnings of $63.8 million on total income of $593.1 million for the year ended Dec. 31, compared with net income of $58.0 million on total income of $487.4 million for 1998. (See story on page 4.)
Health Care Property Investors Inc., Newport Beach, posted earnings of $26.9 million on revenue of $82.3 million and funds from operations of $43.9 million for the first quarter ended March 31, compared with earnings of $15.3 million on revenue of $49.6 million and funds from operations of $25.0 million in the prior first quarter.
Foothill Ranch-based Oakley Inc., reported net income of $5.5 million on sales of $63.1 million for the first quarter ended March 31, compared with net income of $1.4 million on sales of $48.7 million for the prior first quarter.
PairGain Technologies Inc., Tustin, reported earnings of $189.4 million on revenue of $60.7 million for the first quarter ended March 31, compared with earnings of $4.2 million on revenue of $60.9 million in the first quarter of 1999. The 2000 earnings total includes a $328.6 million gain on the sale of a unit and $126.3 million in taxes paid.
Newport Corp., Irvine, posted earnings of $3.0 million on revenue of $45.6 million in the first quarter ended March 31, compared with earnings of $0.9 million on revenue of $29.4 million in the first quarter of 1999.
