Company News for May 5, 2010 - Corporate Summary
• Goldman Sachs (NYSE:GS) removed Merck (NYSE:MRK) from its Conviction Buy List, cutting its rating to "neutral," and lowering the price target from $46 to $42
• Time Warner (NYSE:TWX) reported better-than-expected first quarter earnings of 61 cents a share, ahead of Zacks estimates of 48 cents on inline revenues of $6.3 billion
• Devon Energy (NYSE:DVN) reported earnings of $1.85 a share, above Zacks projections of $1.46, on revenues of $3.22 billion, which was above Zacks consensus of $2.3 billion
• Garmin (NASDAQ:GRMN) reported earnings of 38 cents, 4 cents below Zacks projections as revenues of $431.1 million were below Zacks estimates of $491 million
• Agrium (NYSE:AGU) topped expectations with earnings of 41 cents, beating Zacks estimates of 34 cents, on inline revenues of $1.8 billion
• RR Donnelley (NYSE:RRD) posted earnings of 33 cents a share, ahead of Zacks estimates of 30 cents, on revenues of $2.42 billion, versus Zacks projections of $2.41 billion
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