Company News for January 25, 2010 - Corporate Summary
• Walmart (NYSE:WMT) reported plans to cut about 11,200 jobs, or 10% of its Sam's Club workforce
• Google (NASDAQ:GOOG) co-founders, Page and Brin, are slated to sell $5.5 billion in company shares over the next five years
• Eaton (NYSE:ETN) reported fourth quarter earnings of $1.25, two cents better than Zacks estimates on revenues of $3.1 billion, which topped Zacks estimates of $3.05 billion. The firm issued guidance of $3.70-$4.00
• Quest Diagnostics (NYSE:DGX) reported results one cent better than estimated, coming in at 97 cents on revenues of $1.8 billion, which missed estimates of $1.87 billion. The firm reported full-year guidance of $4.10-$4.30
• Halliburton (NYSE:HAL) posted fourth quarter results of 28 cents, a one penny beat, on revenues of $3.7 billion, up from Zacks estimates of $3.6 billion
• FBR upgraded shares of Schlumberger (NYSE:SLB) to "outperform" from "neutral", lifting the target to $96 from $85
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