Content Provided by Zacks.com
Corporate Summary  

Company News for March 25, 2009

March 25, 2009 | Comments: 0
Recommended this article (1)
JBL | GE | DB | GS | WFC | BAC | PNC | BRKA | FDX | BA

• Jabil Circuit (NYSE:JBL - Analyst Report) reported better-than-expected fiscal second quarter earnings, but offered disappointing third quarter guidance after yesterday's market close. Earnings of 13 cents ex-items beat estimates by one cent, as revenues fell 5.6% to $2.89 billion, compared with Street estimates of $2.81 billion. The company expects third quarter numbers to range between an 8 cent loss and an 8 cent profit, on revenues of $2.5-$2.7 billion, below estimates of $2.75 billion

• Deutsche Bank (NYSE:DB - Snapshot Report) said it remains comfortable that General Electric (NYSE:GE - Analyst Report) can support its finance unit through the end of 2010

• Goldman Sachs (NYSE:GS - Analyst Report) said the firm plans to pay back the $10 billion in TARP funds as soon as late April, after the first round of "stress tests" is completed. Wells Fargo (NYSE:WFC - Analyst Report), Bank of America (NYSE:BAC - Analyst Report) and PNC Financial (NYSE:PNC - Snapshot Report) plan repayments "as soon as practical"

• S&P cut ratings on Berkshire Hathaway (NASDAQ:BRKA) from stable to negative due to the decline in insurance operations capital from falling equity prices

• FedEx (NYSE:FDX - Analyst Report) said it will cancel as many as 30 Boeing (NYSE:BA - Analyst Report) planes should Congress pass legislation making it easier for its truck drivers, couriers and others to unionize

Company name

Ticker

EPS Estimate

EPS Last Year

   Oracle Corp

ORCL

0.26

0.3