Company News for July 20, 2011 - Corporate Summary
July 20 2011 - 5:10AM
Zacks
• Coca-Cola Company (NYSE:KO) reported Q2 EPS of
$1.20, ahead of the Zacks Consensus Estimate of $1.16 per share.
Revenues for the quarter rose 47% year-over-year to $12.7 billion,
beating the Zacks Consensus Estimate of $12.364 billion
• Bank of America (NYSE:BAC) reported adjusted Q2
EPS of $0.33, surpassing the Zacks Consensus Estimate for a loss of
$0.91 per share. Revenues for the quarter came in at $13.48
billion, lower than the Zacks Consensus Estimate of $25.286
billion
• Omnicom Group (NYSE:OMC) reported Q2 EPS of
$0.96, beating the Zacks Consensus Estimate of $0.92 per share.
Revenues for the quarter rose 15% year-over-year to $3.49 billion,
ahead of the Zacks Consensus Estimate of $3.381 billion
• State Street Corp. (NYSE:STT) reported Q2 EPS
of $0.96, marginally lower than the Zacks Consensus Estimate of
$0.97 per share. Revenues for the quarter rose 8% year-over-year to
$2.5 billion, above the Zacks Consensus Estimate of $2.41
billion
• Shares of Broadcom Corporation (NASDAQ:BRCM)
rose 5.85% in the early hours of trade after Jeffries’s mentioned
the stock among its top picks of the day
• Technology giant Cisco (NASDAQ:CSCO) announced
plans to drop 11,500 employees as a measure to reduce expenses by
$1 billion
• Analysts at Morgan Keegan upgraded Check Point
Software (NASDAQ:CHKP) to "Outperform" rating from "Market Perform"
rating with a target price of $68.00 on the stock, up from
$55.00
• Shares of Aixtron (NASDAQ:AIXG) were upgraded
by Kaufman Brothers from "Hold" rating to "Buy" rating with a price
target of $40.00
• Comerica Inc. (NYSE:CMA) posted its second
quarter earnings results for the fiscal 2011. Earnings figures for
the regional bank rose nearly 38% for the quarter as the bank
allocated lower cash levels to cover loan losses, thereby
offsetting lower interest income
• Swiss drug maker Novartis AG's (NYSE:NVS)
second quarter profit increased by 12% to $2.73, due to strong
sales figure of its new products and growth in emerging markets
AIXTRON AG-ADR (AIXG): Free Stock Analysis Report
BANK OF AMER CP (BAC): Free Stock Analysis Report
CHECK PT SOFTW (CHKP): Free Stock Analysis Report
COMERICA INC (CMA): Free Stock Analysis Report
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
COCA COLA CO (KO): Free Stock Analysis Report
NOVARTIS AG-ADR (NVS): Free Stock Analysis Report
OMNICOM GRP (OMC): Free Stock Analysis Report
STATE ST CORP (STT): Free Stock Analysis Report
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