Company News for July 20, 2010 - Corporate Summary

• State StreetSTT posted in-line second quarter earnings of 93 cents on in-line revenues of $2.3 billion, up 8.6% from a year ago

• Biogen Idec BIIB reported estimate-topping earnings of $1.31, above Zacks estimates of $1.08, on an 11% increase in revenues to $1.2 billion, up from estimates of $1.1 billion

• PepsiCo PEP beat both earnings and revenue expectations, posting second quarter earnings of $1.10, above Zacks projections of $1.09, on a 39.7% revenue increase to $14.8 billion, up from projections at $14.4 billion

• Harley-Davidson HOG came in with better-than-expected profits on inline revenues. Second quarter earnings of 59 cents topped Zacks estimates of 42 cents on in-line revenues of $1.1 billion

• Johnson & Johnson JNJ reported inline earnings of $1.21 on revenues of $15.3 billion, which fell short of Zacks estimates of $15.65 billion. The company said it sees full-year earnings of $4.65 to $4.75 a share