Company News for December 16, 2010 - Corporate Summary

• FedEx FDX reported fiscal second quarter earnings of $1.16, lower than the Zacks Consensus Estimate of $1.31, revenues which are up 12.1% to $9.63 billion, lower than the Zacks Consensus Estimate of $9.749 billion

• General Mills GIS reaffirmed full-year projections at $2.46-$2.48 ex-items. Fiscal second quarter earnings of $0.76 missed the Zacks Consensus Estimate by $0.02, revenues increased by 0.8% to $4.07 billion, lower than the Zacks Consensus Estimate of  $4.11 billion

• Pier 1 Imports PIR reported fiscal third quarter earnings at $0.18, ahead of the Zacks Consensus Estimate of $0.14, revenues rose by 8.2% to $353.8 million, ahead of the Zacks Consensus Estimate of  $348.0 million

• Baird upgraded Starwood Hotels HOT from "underperform" to “neutral” rating, raising the price target from $45 to $55

• JP Morgan JPM upgraded Wynn Resorts WYNN to "overweight" from “neutral” with a target price in the range of  $115 to $118