Company News for August 20, 2010

• JM Smucker (NYSE:SJM) reported better-than-expected fiscal first quarter earnings of $1.04 up from estimates of 96 cents, as revenues slightly missed projections at $1.05 billion off estimates of $1.07 billion

• Goldman Sachs (NYSE:GS) raised Republic Services (NYSE:RSG) to "buy" from "neutral," taking the price target from $32 to $34

• Bank of America (NYSE:BAC) and Visa (NYSE:V) announced plans to test smartphone payments next month

• Deutsche Bank (NYSE:DB) upgraded MeadWestvaco (NYSE:MWV) to "buy" from "hold," with a $29 price target

• Lorillard (NYSE:LO) announced plans for a $1 billion stock repurchase.

• Kaufmann reiterated a "hold" an Amazon.com (NASDAQ:AMZN), with a $135 price target

• After yesterday's close of markets: Hewlett-Packard (NYSE:HPQ) posted fiscal third quarter earnings inline with pre-announced results at $1.08, on revenues of $30.7 billion that beat estimates of $30.4 billion

• Dell (NASDAQ:DELL) reported second quarter earnings 2 cents above estimates at 32 cents on a 21.7% revenue gain to $15.5 billion, above projections of $15.2 billion

• Marvell Tech (NASDAQ:MRVL) posted inline second quarter earnings of 40 cents on a 4.8% revenue gain to $896 million, off estimates of $912 million

• Gap (NYSE:GPS) reported a cent above expectations with second quarter earnings of 36 cents, on inline revenues of $3.3 billion, up 2.3% y/y

• Foot Locker (NYSE:FL) reported second quarter earnings of 4 cents, a 1-penny beat, on inline sales of $1.1 billion, off 0.3% from a year earlier

• Salesforce.com (NYSE:CRM) reported second quarter results 2 cents higher than anticipated at 29 cents, on a 24.8% revenue jump to $394 million, ahead of estimates of $385 million.

• Intuit (NASDAQ:INTU) posted a nickel beat on its fiscal fourth quarter loss of 5 cents, as revenues advanced 17.5% to $537 million, beating projections of $501 million

Read the full analyst report on SJM

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Read the full analyst report on BAC

Read the full analyst report on V

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Read the full analyst report on MWV

Read the full analyst report on LO

Read the full analyst report on AMZN

Read the full analyst report on HPQ

Read the full analyst report on DELL

Read the full analyst report on MRVL

Read the full analyst report on GPS