Company News for August 4, 2010 - Corporate Summary

• Priceline PCLN reported sharply better-than-expected sales and earnings for the second quarter. Earnings of $3.09 were sharply above Zacks expectations of $2.47, as revenues of $767.4 million beat estimates of $734 million. Goldman Sachs GS kept its "buy" rating on the shares, taking the price target from $240 to $320

• Carl Icahn increased his position in Motorola MOT to 9.9%

• Toyota TM posted a $2.2 billion profit on the quarter, its best quarter in two years

• Time Warner TWX reported second-quarter earnings of 50 cents, a nickel above Zacks projections and up from 35 cents a year ago, on revenues of $6.4 billion, ahead of Zacks projections of $6.2 billion

• Agrium AGU beat estimates on both top and bottom lines with second quarter earnings of $2.90 beating Zacks estimates of $2.77, on revenues of $4.37 billion that were ahead of projections of $4.17 billion

• Garmin GRMN reported earnings of 85 cents, versus estimates of 73 cents on revenues of $729 million that beat estimates of $682 million