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Company News for January 27, 2010

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By: Avishek Mishra
January 27, 2010 |Comments: 0
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YHOO | UTX | BHI | BRKB | BA | CAT | WLP | BLK

• After the close, Yahoo (NASDAQ:YHOO) reported earnings of 15 cents for the quarter, 4 penny ahead of Zacks estimates, on revenues of $1.26 billion, which bettered Zacks estimates of $1.23 billion. For the current quarter, the firm expects sales of $1.575-$1.675 billion, and income of $90-$100 million

• United Technologies (NYSE:UTX) posted better-than-expected fourth quarter earnings of $1.15 a share, one cent ahead of Zacks estimates, on revenues of $14.1 billion, which topped estimates of $13.89 billion. The company affirmed 2010 target earnings growth of 7% to 13%

• FBR raised its price target for Baker Hughes (NYSE:BHI) to $61, based on a 20x price/earnings multiple and 2011 earnings projection of $3.05

• S&P noted plans to add Berkshire Hathaway (NYSE:BRKB) to its 500, replacing Burlington Northern (NYSE:BNI)

• Boeing (NYSE:BA) reported fourth quarter earnings of $1.75 a share, ahead of Zacks estimates of $1.37 a share, and up from an 8 cent loss a year earlier. Revenues of $17.9 billion topped estimates of $17.64 billion

• Caterpillar (NYSE:CAT) beat estimates with fourth quarter earnings of 41 cents a share, beating Zacks projections of 28 cents, versus $1.08 a year ago. Revenues of $7.9 billion fell short of estimates of $8.2 billion

• WellPoint (NYSE:WLP) topped estimates with fourth quarter results of $1.16, beating Zacks estimates of $1.02, on revenues of $15.06 billion, just short of Zacks estimates of $15.1 billion. Full-year guidance of $6.00 fell short of consensus projections of $6.11

• BlackRock (NYSE:BLK) posted better-than-expected earnings of $2.39, topping Zacks estimates of $2.12, on revenues of $1.54 billion, ahead of estimates of $1.25 billion

Read the full analyst report on YHOO

Read the full analyst report on UTX

Read the full analyst report on BHI

Read the full analyst report on BRKB

Read the full analyst report on BA

Read the full analyst report on CAT

Read the full analyst report on WLP

Read the full analyst report on BLK

 

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