Company News for November 2, 2010 - Corporate Summary

• Pfizer's PFE reported third quarter earnings of $0.54, $0.03 above Zacks estimates as revenues surged 39.2% to $16.2 billion, slightly below Zacks estimates of $16.62 billion

• Archer Daniels Midland ADM posted fiscal first quarter earnings of $0.54, off Zacks estimates of $0.75, on inline revenues of $16.8 billion, up 13% YoY, and beating estimates of $15.52 billion

• BP BP posted better-than-expected results and noted plans to consider reinstating its dividend in 2011. Likely costs for the Macondo oil spill were raised to $40 billion

• AmerisourceBergen ABC topped Zacks estimates by $0.02 with fourth quarter interims of $0.50, on a 5.3% revenue gain to $19.7 billion, above Zacks estimates of $19.4 billion

• Medco Health MHS reported estimate-topping third quarter earnings of $0.91, up from estimates of $0.88, on revenues of $16.32 billion, ahead of estimates of $16.15 billion

• Tenet Healthcare THC reported that its third quarter earnings missed by a nickel at -$0.01 on inline revenues of $2.3 billion

• Emerson EMR posted a fiscal fourth quarter earnings miss at $0.75, off Zacks estimates of $0.79, on revenues of $5.84 billion, below Zacks estimates of $5.91 billion

• UPS UPS announced plans to raise shipping rates 4.9% beginning next year

• Newmont Mining NEM reported better-than-expected third quarter earnings of $1.09, ahead of estimates for $0.95, on revenues of $2.6 billion, ahead of estimates of $2.53 billion

 
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