Company News for August 4, 2010

• Priceline (NASDAQ:PCLN) reported sharply better-than-expected sales and earnings for the second quarter. Earnings of $3.09 were sharply above Zacks expectations of $2.47, as revenues of $767.4 million beat estimates of $734 million. Goldman Sachs (NYSE:GS) kept its "buy" rating on the shares, taking the price target from $240 to $320

• Carl Icahn increased his position in Motorola (NYSE:MOT) to 9.9%

• Toyota (NYSE:TM) posted a $2.2 billion profit on the quarter, its best quarter in two years

• Time Warner (NYSE:TWX) reported second-quarter earnings of 50 cents, a nickel above Zacks projections and up from 35 cents a year ago, on revenues of $6.4 billion, ahead of Zacks projections of $6.2 billion

• Agrium (NYSE:AGU) beat estimates on both top and bottom lines with second quarter earnings of $2.90 beating Zacks estimates of $2.77, on revenues of $4.37 billion that were ahead of projections of $4.17 billion

• Garmin (NASDAQ:GRMN) reported earnings of 85 cents, versus estimates of 73 cents on revenues of $729 million that beat estimates of $682 million

Read the full analyst report on PCLN

Read the full analyst report on GS

Read the full analyst report on MOT

Read the full analyst report on TM

Read the full analyst report on TWX

Read the full analyst report on AGU

Read the full analyst report on GRMN