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Company News for October 22, 2009

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By: Avishek Mishra
October 22, 2009 |Comments: 0
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POT | CS | UPS | MRK | DOW | T | MCD | TRV

• Potash (NYSE:POT) reported third-quarter earnings of 82 cents a share, versus Zacks estimates of 82 cents, as revenues fell 64% to $1.1 billion. Citing continued caution among fertilizer customers, the firm projected fourth quarter earnings of 65 to 85 cents a share

• Credit Suisse (NYSE:CS) reported net profits of $2.33 billion on a surge in investment banking operations and strength in its private banking arm. Its tier one capital ratio rose to 16.4%, the highest of any of the world's major banks

• UPS (NYSE:UPS) reported third quarter results of 55 cents, three cents above Zacks estimates, on revenues of $11.15 billion, versus Zacks estimates of $11.17 billion. The company said it sees fourth quarter earnings of 58 cents to 65 cents a share

• Merck's (NYSE:MRK) third quarter results of 90 cents beat Zacks estimates by 8 cents on inline revenues of $6 billion. The firm set full year guidance at $3.20-$3.30

• Dow Chemical (NYSE:DOW) reported earnings of 24 cents ex-items, versus last year's 59 cents and Zacks estimates of 9 cents as revenues dropped 22% to $12.05 billion, off estimates of $12.79 billion

• AT&T (NYSE:T) reported flat third quarter profits at 54 cents on revenues of $30.86 billion, down 1.6%, iPhone sales rose sharply.  Zacks analysts had anticipated earnings of 50 cents on revenues of $30.88 billion

• McDonald's (NYSE:MCD) reported earnings of $1.15 a share versus Zacks estimates of $1.11 as global same-store-sales grew 3.8%

• Travelers (NYSE:TRV) reported estimate-topping results, a 10% dividend hike, $6 billion added to its share buyback program, and increased full-year guidance on operating income.  Third quarter earnings of $1.61 beat Zacks estimates of $1.30, versus 55 cents a year ago. Guidance for 2009 operating results was raised to $5.30 to $5.50 from prior $4.80 to $5.05

Read the full analyst report on POT

Read the full analyst report on CS

Read the full analyst report on UPS

Read the full analyst report on MRK

Read the full analyst report on DOW

Read the full analyst report on T

Read the full analyst report on MCD

Read the full analyst report on TRV

 
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