Company News for February 3, 2010 - Corporate Summary
• Pfizer (NYSE:PFE) posted fourth quarter earnings that were in-line with Zacks estimates, coming in at 49 cents versus 69 cents a year ago. The firm reported revenues of $16.54 billion, above Zacks estimates of $15.94 billion. The firm also provided full year guidance of $2.10-$2.20
• International Paper (NYSE:IP) reported earnings of 24 cents, versus Zacks estimates of 23 cents, on revenues of $6.0 billion, ahead of Zacks estimates of $5.86 billion
• Goldman Sachs (NYSE:GS) added McDonald's (NYSE:MCD) to its "conviction buy list," lifting its price target from $73 to $75
• Time Warner (NYSE:TWX) posted fourth quarter results of 55 cents up from Zacks estimates of 52 cents on revenues of $7.32 billion, which were below Zacks projections of $7.52 billion. The company also announced a share buyback of $3 billion
• Comcast (NASDAQ:CMCSA) posted estimate-topping fourth quarter numbers, with earnings of 33 cents ahead of Zacks projections of 27 cents. Revenues of $9.07 billion topped Zacks estimates of $8.98 billion
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