Company News for November 12, 2010 - Corporate Summary

• Disney DIS reported fiscal fourth quarter earnings of $0.45 ex-items, a one cent miss, versus $0.47 a year earlier, as revenues fell 1.4% to $9.7 billion and were below estimates of $9.9 billion

• Nvidia NVDA profits fell 21% to $0.15, a one penny beat, as revenues fell 6.6% YoY to $844 million, in-line with estimates

• A report from TechCrunch averred Yahoo YHOO is planning to lay off 20% of its workforce; however, the company disputed the account, noting plans for 10%, or 650, being considered

• Morgan Stanley MS announced plans to spin off its highly profitable quant trading unit

• Goldman Sachs GS upgraded Eaton ETN from "neutral" to Conviction Buy, and lifted the price target from $103 to $117

• Wendy's/Arby's WEN posted better-than-anticipated third quarter earnings of $0.05, up from estimates of $0.04, on revenues of $861.2 million, off estimates of $883 million

 
DISNEY WALT (DIS): Free Stock Analysis Report
 
EATON CORP (ETN): Free Stock Analysis Report
 
GOLDMAN SACHS (GS): Free Stock Analysis Report
 
MORGAN STANLEY (MS): Free Stock Analysis Report
 
NVIDIA CORP (NVDA): Free Stock Analysis Report
 
WENDYS/ARBYS GP (WEN): Free Stock Analysis Report
 
YAHOO! INC (YHOO): Free Stock Analysis Report
 
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