Company News for April 21, 2010 - Corporate Summary

• Analysts at Deutsche Bank (NYSE:DB), Barclays (NYSE:BCS) and Thomas Weisel raised price targets and iPhone sales estimates for Apple (NASDAQ:AAPL) following last night's blowout earnings and sales report. Apple posted better-than-estimated earnings of $3.33 per share on revenues of $13.5 billion, well above Street projections of $2.46 per share and revenues of $1.4 billion. Deutsche Bank lifted iPhone sales estimates to 41 million from 37.8 million and to 50 from 46 for 2010 and 2011, respectively. Barclays raised the share price target $15 to $315, and Weisel to $320 from $300

• BHP Billiton (NYSE:BHP) said the SEC is investigating the possible violation of anti-corruption laws regarding its dealings with government officials over certain terminated minerals exploration projects, not involving any China dealings

• United Technologies (NYSE:UTX) reported first quarter earnings three cents better than expected at 93 cents versus 78 cents a year ago on revenues of $12.1 billion, which fell short of Street estimates of $12.3 billion. The company said it sees full year earnings of $4.50 to $4.65 a share

• AT&T (NYSE:T) reported estimate-topping results of 59 cents ahead of Zacks projections of 55 cents and up from 53 cent a year earlier on revenues of $30.65 billion, which missed Zacks estimates of $30.75 billion

• Boeing (NYSE:BA) bested earnings projections on inline revenues, as earnings of 70 cents topped Zacks estimates of 64 cents and fell from last year's 87 cents; revenues reached $15.2 billion

• McDonald's (NYSE:MCD) provided better-than-estimated earnings and revenues for the quarter, with earnings of $1.00 posting four cents better than expected and up from 83 cents a year ago on revenues of $5.61 billion, which beat Zacks estimates of $5.54 billion

• Wells Fargo (NYSE:WFC) reported an earnings beat as earnings topped by three cents at 45 cents up from Zacks estimates of 42 cents, but off last year's 56 cents on revenues of $21.45 billion off expected revenues of $21.62 billion

• Morgan Stanley (NYSE:MS) reported earnings surged to 82 cents from last year's 57 cent loss and beat Zacks estimates of 59 cents on revenues of $9.08 billion, which topped estimates of $8.60 billion

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