Company News for April 23, 2010 - Corporate Summary

 • Microsoft (NASDAQ:MSFT) reported after the close with results of 45 cents up from estimates of 42 cents versus 33 cents a year ago, with revenues up 6.2%, to $14.5 billion, versus Street estimates of $14.47 billion

• Amazon (NASDAQ:AMZN) posted earnings of 66 cents versus last year's 41 cents and up from estimates of 60 cents, on a 46% revenue increase to $7.13 billion, also ahead of consensus estimates of $6.85 billion. Several firms including Deutsche Bank (NYSE:DB) and Goldman Sachs (NYSE:GS) maintained "buy" ratings on the firm, while raising their price targets for the shares

• American Express (NYSE:AXP) reported first quarter earnings of 73 cents, a 103% surge YoY, and up from Street projections of 64 cents. Revenues of $6.6 billion bested estimates of $6.35 billion, up 11% on the year. Xerox (NYSE:XRX) reported a nickel beat with earnings of 18 cents on revenues up 32.8% to $4.7 billion versus estimates of 4.6 billion

• Johnson Controls (NYSE:JCI) reported its second quarter topped estimates by a penny, coming in at 40 cents on revenues of $8.3 billion atop estimates of $7.9 billion. Full year guidance of $1.90-$1.95 exceeded consensus projections of $1.84

• Ingersoll-Rand (NYSE:IR) reported first quarter earnings of 16 cents, which missed by two cents on inline revenues of $3 billion

• Honeywell (NYSE:HON) reported first quarter earnings of 50 cents, three cents higher than expected, on revenues of $7.8 billion, which topped estimates of $7.6 billion

• Dover (NYSE:DOV) reported first quarter earnings 14 cents higher than estimated, coming in at 65 cents on revenues of $1.6 billion, which topped projections of $1.5 billion

• Schlumberger (NYSE:SLB) reported first quarter earnings beat by a penny, coming in at 62 cents on revenues of $5.6 billion, which slightly missed estimates of $5.7 billion

• Goldman Sachs (NYSE:GS) downgraded shares of Verizon (NYSE:VZ) from "buy" to "neutral," taking the price target from $36 to $32. By Chip Brian, Editor-in-Chief, Comtex news Network

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