Company News for March 22, 2010 - Corporate Summary
• AIG (NYSE: AIG) former CEO Greenberg reached a deal with UBS (NYSE: UBS) to sell most of his shares in AIG, an estimated 10 million shares, for $278.2 million
• Kimberly-Clark (NYSE: KMB) said it continues to see full-year earnings of $4.80-$5.00
• FBR raised its rating on Waddell & Reed (NYSE: WDR) to "outperform" from "perform," taking the price target from $36 to $40
• PepsiCo (NYSE: PEP) begins its two-day investor conference saying that earnings for the year will be up 11-13 percent
• Goldman Sachs (NYSE: GS) upgraded Genuine Parts (NYSE: GPC) from "neutral" to its Conviction Buy List, raising the price target to $48 from $45
• Williams-Sonoma (NYSE: WSM) posted better-than-expected fourth quarter earnings of 86 cents a share, up from Zacks estimates of 73 cents and last year's 31 cents on revenues of $1.09 billion, versus Zacks estimates of $1.07 billion
• Tiffany & Co (NYSE: TIF) reported fourth quarter earnings of $1.09 a share, below Zacks projections of $1.14 a share, versus 85 cents a year earlier, on better-than-expected revenues of $981.4 million, up from Zacks estimates of $965 million. The company said it sees full-year earnings of $2.45 to $2.50 a share
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
