Company News for December 18, 2009 - Corporate Summary
• Research in Motion (NASDAQ:RIMM) posted strong results and gave a strong guidance as quarterly earnings reached $1.10 in the third quarter, up from 69 cents a year ago and Zacks estimates of $1.04. The firm said it sees fourth-quarter earnings of $1.23 to $1.31 a share, with revenues projected at $4.2-$4.4 billion
• Oracle (NASDAQ:ORCL) posted earnings of 39 cents up from 34 cents last year and ahead of Zacks estimates of 35 cents a share
• Nike's (NYSE:NKE) fiscal second quarter results beat Zacks estimates of 71 cents a share, coming in at 76 cents a share versus 80 cents a year earlier
• Palm (NASDAQ:PALM) reported a second quarter loss of 37 cents a share, versus Zacks estimates of 41 cents a share, as weak demand for its Pre and Pixi smartphones hurt revenues
• CarMax (NYSE:KMX) posted better-than-expected third quarter results of 33 cents a share, ahead of Zacks projections of 14 cents a share, on revenues of $1.73 billion, which beat Zacks estimates of $1.62 billion
• JP Morgan (NYSE:JPM) raised its ratings on Dana Holdings (NYSE:DAN) to "overweight" from "neutral" with an increased price target of $16, up from $7
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