Company News for October 20, 2009

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

• Pfizer (NYSE:PFE) 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) 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) 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) 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) 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) 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) 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) 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) stake, locking in a $1.2 billion gain in the shares

Read the full analyst report on MPS

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Read the full analyst report on UTX

Read the full analyst report on STT

Read the full analyst report on CMA

Read the full analyst report on BK

Read the full analyst report on DD

Read the full analyst report on CAT

Read the full analyst report on KO

Read the full analyst report on BCS