Company News for April 14, 2010 - Corporate Summary
• Intel (NASDAQ:INTC) reported its "best first quarter ever" on increased consumers spending on new computers. Earnings of 43 cents beat Zacks estimates of 38 cents a share and last year's 11 cent profit. Revenues of $10.3 billion were ahead of Zacks estimates of $9.8 billion and well above prior year's $7.1 billion. The firm said it sees current quarter revenue of $9.8 billion to $10.6 billion, with gross margins expected to be about 64%
• Recovery-bellwether CSX Corp (NYSE:CSX) reported first quarter earnings of 78 cents a share, well above estimates of 69 cents a share and prior year's 62 cents on revenues which jumped 11% to $2.49 billion, beating Zacks estimates of $2.37 billion
• Goldman Sachs (NYSE:GS) downgraded fertilizer shares Mosaic (NYSE:MOS) and Potash (NYSE:POT) from "buy" to "neutral," and lowered price targets on Mosaic from $68 to $64 and Potash from $131 to $124
• HSBC (NYSE:HBC) upgraded UBS (NYSE:UBS) to "overweight" from "neutral"
• Citigroup (NYSE:C) downgraded shares of Dendreon (NASDAQ:DNDN) to "hold" from "buy," but lifted the price target to $40 from $35
• An $8.8 billion Morgan Stanley (NYSE:MS) real estate fund may lose two-thirds of that money through ill-advised property investments
• Toyota (NYSE:TM) halted sale of its luxury Lexus GX 460 SUV after Consumer Reports issued its first "don't buy" warning in nine years
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