Company News for December 8, 2010 - Corporate Summary

• Costco COST posted fiscal first quarter earnings $0.02 higher than estimated at $0.71, as revenues jumped 11.2% to $19.24 billion, up from estimate of $18.81 billion

• H&R Block HRB posted a fiscal second quarter loss of $0.35 a share, versus an expectation of a $0.37 loss, on revenues of $322.9 million that missed estimates of $339.5 million

• Netflix NFLX shares weakened after hours on reports that CFO McCarthy was leaving the firm

• Goldman Sachs GS upgraded KBR KBR from "neutral" to "buy," taking the price target from $26 to $36

• Janney Montgomery initiated coverage of Xilinx XLNX at "neutral," with a price target of $25

• Deutsche Bank DB downgraded Johnson Controls JCI from "buy" to "hold," with a $40 price target

• Goldman Sachs GS downgraded 3M MMM from "buy" to "neutral," and cut its price target from $98 to $93

• Texas Instruments TXN issued revenue guidance of $3.43 billion-$3.57 billion; consensus was looking for $3.5 billion. Earnings guidance of $0.61-$0.65 beat consensus estimates of $0.57

 
COSTCO WHOLE CP (COST): Free Stock Analysis Report
 
DEUTSCHE BK AG (DB): Free Stock Analysis Report
 
GOLDMAN SACHS (GS): Free Stock Analysis Report
 
BLOCK H & R (HRB): Free Stock Analysis Report
 
JOHNSON CONTROL (JCI): Free Stock Analysis Report
 
KBR INC (KBR): Free Stock Analysis Report
 
3M CO (MMM): Free Stock Analysis Report
 
NETFLIX INC (NFLX): Free Stock Analysis Report
 
TEXAS INSTRS (TXN): Free Stock Analysis Report
 
XILINX INC (XLNX): Free Stock Analysis Report
 
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