Company News for August 6, 2009

• Cisco (NASDAQ:CSCO) reported non-GAAP earnings of $1.8 billion or 31 cents a share, beating estimates of 29 cents, but cautioned first quarter sales likely to fall 15-17% from a year ago, which would reflect a 1-3% sequential quarterly increase, and margins likely to decline

• BankofAmerica/Merrill (NYSE:BAC) upgraded Freeport McMoRan (NYSE:FCX) to "buy"

• Citigroup (NYSE:C) upgraded American Express (NYSE:AXP) shares to "buy"

• Goldman Sachs' (NYSE:GS) removed Dr. Pepper Snapple (NYSE:DPS) from its conviction buy list

• Hyatt Hotel filed a $1.15 billion IPO; its shares will be listed under the symbol "H"

• Williams Cos (NYSE:WMB) reported second quarter adjusted earnings of 24 cents a share, 8 cents better than expected. The company expects fiscal 2009 earnings of 70 cents to 90 cents a share

• El Paso (NYSE:EP) reported adjusted second quarter earnings of 25 cents, 4 cents above estimates, versus 39 cents a year ago on revenues of $973 million versus $1.1 billion

• Comcast (NASDAQ:CNCSA) reported second quarter earnings of 33 cents a share, beating estimates of 26 cents a share, versus 21 cents a year ago, as revenues increase 4.5% to $8.9 billion from $8.6 billion and ahead of estimates of $8.6 billion

• NASDAQ (NASDAQ:NDAQ) reported in-line second quarter earnings of 47 cents a share on revenues of $367 million, missing expectations for $368.54 million

• DirecTV Group (NYSE:DTV) reported second quarter earnings of 40 cents a share, a 3 penny miss, on in-line revenues of $5.2 billion

Read the full analyst report on CSCO

Read the full analyst report on BAC

Read the full analyst report on FCX

Read the full analyst report on C

Read the full analyst report on AXP

Read the full analyst report on GS

Read the full analyst report on DPS

Read the full analyst report on WMB

Read the full analyst report on EP

Read the full analyst report on CNCSA

Read the full analyst report on NDAQ

Read the full analyst report on DTV