Company News for May 27, 2010 - Corporate Summary

• Tiffany TIF reported first quarter earnings of 50 cents, versus Zacks projections of 36 cents, on a 22.4% revenue gain to $633.6 million, which beat projections of $609 million

• Heinz HNZ beat fiscal fourth quarter earnings by one penny, reporting at 60 cents per share on a 8.3% revenue increase to $2.7 billion, just shy of Zacks estimates of $2.8 billion

• Big Lots BIG reported first quarter earnings of 68 cents on revenues of $1.2 billion, in line with Zacks estimates

• Costco COST posted fiscal third quarter earnings of 68 cents, below Zacks projections of 71 cents, on revenues of $2.72 billion

• FBR upgraded Microsoft MSFT from "market perform" to "outperform," with a $32 price target

• Oppenheimer upgraded BP BP from "perform" to "outperform"

• Goldman Sachs GS upgraded Fluor FLR to "buy" from "neutral"

• Piper Jaffray PJC downgraded American Eagle AEO to "neutral" from "overweight," cutting the price target to $15 from $22