Company News for January 15, 2010 – Corporate Summary
Posted on January 15, 2010 at 09:27 AM EST
• Intel (NASDAQ:INTC) bested buoyant estimates with final quarter earnings of 40 cents, beating Zacks estimates of 34 cents, versus 4 cents a year ago on revenues of $10.6 billion, ahead of Zacks expectations of $10.1 billion and last year's $8.2 billion. The firm also provided upside first quarter revenue guidance of $9.7 billion, plus or minus $400 million. The firm reported record margins of 65% • JP Morgan (NYSE:JPM) reported fourth quarter earnings which topped expectations, although revenues were slightly less than forecast. Fourth quarter earnings of 74 cents topped Zacks estimates by 14 cents, with revenues of $25.2 billion below estimates of $26.4 billion. The company added $1.9 billion to its loan-loss reserves • Shiseido, Japan's largest cosmetics firm, agreed to buy Bare Escentuals (NASDAQ:BARE) for $1.7 billion • CF Industries (NYSE:CF) withdrew its long hostile bid for rival fertilizer-maker Terra Industries (NYSE:TRA) • Deutsche Bank (NYSE:DB) upgraded shares of HSBC (NYSE:HBC) to "buy," citing a strong balance sheet • Goldman Sachs (NYSE:GS) maintained a positive view on homebuilders, although issued a downgrade on Toll Brothers (NYSE:TOL) from "buy" to "neutral," taking the price target to $24 from $28 Zacks Investment Research
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