Company News for August 1, 2011 - Corporate Summary
August 01 2011 - 5:05AM
Zacks
• Chevron Corp. (NYSE:CVX) reported a jump in its
second-quarter 2011 profits, benefiting from higher oil prices and
stronger refining margins. Earnings per share (excluding
adjustments for foreign-currency effects) came in at $3.89, beating
the Zacks Consensus Estimate of $3.55 and the year-ago adjusted
profit of $2.58
• Amgen Inc. (NASDAQ:AMGN) reported second
quarter earnings per share of $1.35, above the Zacks Consensus
Estimate of $1.30, and 0.7% higher than year-ago earnings
• Merck & Co. Inc.’s (NYSE:MRK)
earnings per share (excluding special items) for the second quarter
of 2011 came in at 95 cents, in line with the Zacks Consensus
Estimate, but 10.5% above year-ago earnings.
• Newell Rubbermaid Inc. (NYSE:NWL) reported
second quarter of 2011 earnings of $0.46 per share, down from $0.51
a share in the year-ago quarter, but higher than the Zacks
Consensus Estimate of $0.42 a share
• Wells Fargo & Company (NYSE:WFC) upgraded
AmeriGas Partners LP (NYSE:APU) to a “Market Perform” rating from
an “Underperform” rating
• Citigroup, Inc. (NYSE:C) upgraded Southwest Gas
Corporation (NYSE:SWX) to “Buy” from a “Hold” rating
• JPMorgan Chase & Co. (NYSE:JPM) downgraded
STEC, Inc. (NASDAQ:STEC) to “Underweight” from a “Neutral”
rating
• Citigroup, Inc. (NYSE:C) downgraded Eagle Bulk
Shipping, Inc. (NASDAQ:EGLE) to “Sell” from a “Hold” rating
AMGEN INC (AMGN): Free Stock Analysis Report
AMERIGAS PARTNR (APU): Free Stock Analysis Report
CITIGROUP INC (C): Free Stock Analysis Report
CHEVRON CORP (CVX): Free Stock Analysis Report
EAGLE BULK SHPG (EGLE): Free Stock Analysis Report
JPMORGAN CHASE (JPM): Free Stock Analysis Report
MERCK & CO INC (MRK): Free Stock Analysis Report
NEWELL RUBBERMD (NWL): Free Stock Analysis Report
STEC INC (STEC): Free Stock Analysis Report
SOUTHWEST GAS (SWX): Free Stock Analysis Report
WELLS FARGO-NEW (WFC): Free Stock Analysis Report
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