Company News for October 27, 2009

• DryShips (NASDAQ:DRYS - Analyst Report) reported third quarter earnings of 27 cents a share, 6 cents above Zacks estimates, on revenues of $228.2 million, down 30.4%, but above Zacks projections of $211 million

• Baidu (NASDAQ:BIDU - Snapshot Report) offered downside fourth quarter guidance as third quarter results posted a slight miss at $2.07 versus $1.47 a year ago

• BP (NYSE:BP - Snapshot Report) posted 50% better-than-estimated interims as cost-cutting measures generated results of $4.98 billion, down 50% from last year, due to lower oil and gas prices

• Johnson Controls (NYSE:JCI - Analyst Report) reported fourth quarter earnings of four cents above Zacks estimates at 52 cents, on inline revenues of $7.87 billion, off 15.5%

• US Steel (NYSE:X - Analyst Report) posted a third quarter loss of $2.11, versus Zacks estimates of a $2.91 per share loss, on estimate-topping revenues of $2.82 billion, down 61.5%, but above estimates of $2.67 billion. Noting customer order rates below second quarter levels, the firm provided a cautious outlook on end-user demand