Company News for January 14, 2011 - Corporate Summary

• Intel INTC reported fourth quarter earnings of $0.59, ahead of the Zacks Consensus Estimate of  $0.53, on revenues of $11.5 billion beating the Zacks Consensus Estimate of $10.73 billion. Gross profit margins came in at 67.5%. The firm lifted first quarter sales projections to $11.1 billion to $11.9 billion, above the Zacks Consensus Estimate for $10.62 billion and provided capex plans of $9 billion this year, up from $3.8 billion last
 
• JP Morgan JPM posted fourth quarter results of $1.12, ahead of the Zacks Consensus Estimate of  $0.97, on revenues of $26.1 billion beating the Zacks Consensus Estimate of $24.125 billion

• General Motors GM has completed a pension fund contribution worth $6 billion

• Deutsche Bank DB maintained  a "buy" rating on Expedia EXPE increasing the target price from $32 to $35

• Goldman Sachs GS added Embraer ERJ to its Conviction Buy List with a target price of $30

• Citigroup C has downgraded American Electric Power AEP to "hold" from "buy” rating

• Goldman Sachs GS has downgraded Consolidated Edison ED to “sell” from "neutral" rating

• FBR has downgraded Patriot Coal PCX to "market perform” from "outperform" rating 

 
AMER ELEC PWR (AEP): Free Stock Analysis Report
 
CITIGROUP INC (C): Free Stock Analysis Report
 
DEUTSCHE BK AG (DB): Free Stock Analysis Report
 
CONSOL EDISON (ED): Free Stock Analysis Report
 
EMBRAER AIR-ADR (ERJ): Free Stock Analysis Report
 
EXPEDIA INC (EXPE): Free Stock Analysis Report
 
GOLDMAN SACHS (GS): Free Stock Analysis Report
 
INTEL CORP (INTC): Free Stock Analysis Report
 
JPMORGAN CHASE (JPM): Free Stock Analysis Report
 
PATRIOT COAL CP (PCX): Free Stock Analysis Report
 
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