Company News for January 21, 2010 - Corporate Summary

• eBay (NASDAQ:EBAY) reported fourth quarter earnings of 44 cents a share, 4 cents better than expected, on revenues of $2.37 billion, which topped projections of $2.28 billion. According to CEO Donahoe, "We delivered a strong fourth quarter with double-digit revenue growth driven by exceptional performance at PayPal and turnaround progress and momentum in our core eBay business." The firm expects first quarter sales of $2.1-$2.2 billion and earnings of 39-41 cents.  Year earnings of $1.63-$1.68 are projected

• Starbucks (NASDAQ:SBUX) reported fiscal first quarter earnings of 33 cents a share ahead of 27 cents expected, on revenues of $2.72 billion, which topped estimates of $2.58 billion. Deutsche Bank (NYSE:DB) upgraded the shares to "buy" from "neutral," taking the price target from $19 to $30

• UnitedHealth Group (NYSE:UNH) reported fourth quarter earnings of 81 cents a share, beating estimates of 73 cents, versus 78 cents a year earlier, on inline revenues of $21.7 billion

• Xerox (NYSE:XRX) posted fourth quarter earnings of 25 cents, three cents better than expected versus 30 cents a year ago on revenues of $4.22 billion, ahead of Street estimates of $3.92 billion. The company said it see 2010 earnings of 75 cents to 85 cents a share

• Goldman Sachs (NYSE:GS) added Colgate-Palmolive (NYSE:CL) to its Conviction Buy List, with a $99 price target

• Goldman Sachs (NYSE:GS) posted fourth quarter earnings of $8.20, sharply ahead of estimates of $5.20, on revenues of $9.615 billion, slightly below estimates of $9.71 billion

• KBW downgraded both Morgan Stanley (NYSE:MS) and Northern Trust (NASDAQ:NTRS) setting price targets at $33 for Morgan Stanley and $58 for Northern Trust

• Southwest Airlines (NYSE:LUV) reported 10 cents, topping estimates of 7 cents, on inline revenues of $2.7 billion

• Freeport-McMoran (NYSE:FCX) posted fourth quarter earnings of $2.15 versus estimates of $1.67, on revenues of $4.61 billion, which beat estimates of $4.19 billion

• Union Pacific (NYSE:UNP) reported fourth quarter results of $1.08, four cents higher than projected, on revenues of $3.8 billion versus estimates of $3.78 billion

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