WellPoint, Credit Suisse Earnings; 'Super Mario' Sequel: Hot Trends
NEW YORK (TheStreet) -- Popular searches on the Internet include WellPoint(WLP) as the health insurer reported first-quarter profit dropped 7.6% as membership fell.
WellPoint's results still managed to beat Wall Street expectations. Excluding items, the company reported earnings per share of $2.34, edging out analyst estimates by 7 cents. WellPoint said it managed to turn around problems its Medicare business experienced in 2011, with improved performance in the first quarter.
WellPoint raised its earnings forecast for 2012, expecting adjusted earnings of at least $7.65 per share, up from at least $7.60 per share. The improved guidance is still below analyst estimates of $7.72 per share.
WellPoint is the second-largest health insurer by market value. It runs Blue Cross Blue Shield in 14 states.
Credit Suisse(CS) is trending after reporting its first-quarter earnings. The Swiss bank reported a 96% drop in profit after booking 1.5 billion Swiss francs in debt charges.
The company posted a net profit of 44 million Swiss francs, down from 1.13 billion francs a year ago, but still beating the forecast of a 436 million franc loss. The company's sale of its stake in Aberdeen Asset Management helped offset the debt charges by 178 million francs.
The company, which is currently shedding 7% of its workforce, said it doesn't expect any further job cuts. The bank said it is ahead of its cost-cutting target by 1.2 billion francs. Credit Suisse said it was "encouraged" by the first-quarter performance overall.
Nintendo 3DS is another popular search. Nintendo announced a sequel to "Super Mario Bros." for the 3DS device that will launch in August.
The sequel will be targeted for on-the-go gaming, and is said to be a side-scrolling adventure game. It will hit both the U.S. and Japan this summer.
Before the game hits, 3DS users will be able to update their systems Wednesday, April 25. The system update will give users new available functions on the device.
Nintendo also announced recently that a Kirby anniversary title will also launch later in 2012.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.
-- Written by Brittany Umar.