Company News for October 20, 2009

• Adecco announced plans to acquire professional staffing firm MPS (NYSE:MPS) for $1.3 billion

• Pfizer (NYSE:PFE - Analyst Report) bettered earnings and revenue expectations with third quarter adjusted results of 51 cents a share, 3 cent higher than Zacks estimates, on revenues of $11.6 billion, which beat Zacks estimates of $11.47 billion. Full-year guidance was also raised to $2.00-$2.05 from $1.90-$2.00 prior

• United Technologies (NYSE:UTX - Analyst Report) third quarter numbers beat consensus estimates with earnings of $1.14 versus Zacks estimates of $1.12 on revenues of $13.38 billion up from estimates of $13.40 billion. The firm expects full year earnings in the mid-point of its earlier guidance of $4.00-$4.20

• State Street (NYSE:STT - Analyst Report) reported third quarter operating earnings of $1.05 a share, beating Zacks estimates of $1.00 a share, as revenues of $2.77 billion were above estimates of $2.22 billion. However, the company lowered full-year operating results from $4.25-$4.50 to $4.13-$4.17

• Comerica (NYSE:CMA - Analyst Report) reported third quarter earnings of 10 cents, versus Zacks estimates of a 54 cent loss, with $311 million provided for loan losses

• Bank of NY Mellon (NYSE:BK - Analyst Report) reported third quarter earnings of 54 cents a share, beating Zacks estimates by 7 cents, on revenues of $3.33 billion versus $3.20 billion

• DuPont (NYSE:DD - Analyst Report) reported third quarter earnings of 45 cents, 12 cents better than expected, on revenues of $5.96 billion versus $6.14 billion. The firm sees full-year results of $1.95-$2.05 versus $1.83. According to the firm, "We see overall sequential improvement in our industrial businesses as market conditions begin to firm"

• Caterpillar (NYSE:CAT - Analyst Report) reported better-than-expected earnings and revenues with earnings of 64 cents 57 cents above Zacks projections as revenues reach $7.29 billion versus $7.53 billion. "We believe the third quarter marked the low point for Caterpillar sales and revenues in what has been the toughest recession since the 1930s. We are seeing encouraging signs that indicate a recovery may be underway"

• Coca-Cola (NYSE:KO - Analyst Report) reported quarterly results of 82 cents versus Zacks estimates of 81 cents on revenues of $8.04 billion versus $8.03 billion.  According to the company, "We expect the consumer to continue facing economic uncertainties into 2010 and for consumer sentiment to recover slowly"

• Qatar announced plans to sell its $2.1 billion Barclays (NYSE:BCS - Analyst Report) stake, locking in a $1.2 billion gain in the shares

Email	Print	Share	RSS	Rate Pos	Rate Neg	Comment

Loading Stories...

Related Content

RELATED ARTICLES CORPORATE SUMMARY ARCHIVE

Zacks Blog: Stock Market News for February 10, 2010
(CAT, MS, IR, ROK, BAC, MON, MCD, DIS)	02/10/10
Zacks Blog: Zacks Analyst Blog Highlights: Coca Cola Company, Boeing Company, General Electric Company, Lockheed Martin Corporation and Northrop Grumman Corporation
(KO, BA, GE, LMT, NOC)	02/10/10
Zacks Blog: Coca Cola Reports In Line
(KO)	02/09/10
Zacks Blog: Label Expansion for AZN Drug
(AZN, PFE)	02/09/10
Zacks Blog: Stock Market News for February 8, 2010
(GS, CSCO, CMCSA, DOW, XOM, MET, TWX, UPS, V, AET, PFE, DIS, KO)	02/08/10

 Posting Comment...

There was a problem posting this this comment. Please try back later.
[CLICK TO CLOSE X]

Comments (Limit 1000 Characters - Used: 0)

Please provide your comments here... Display Name: Email Address:  

 Loading Comments...

Be the first to comment on this article!