Company News for May 4, 2010 - Corporate Summary
• Baker Hughes (NYSE:BHI) reported first quarter results which beat Zacks estimates by 3 cents, at 41 cents per share as revenues fell 4.8% to $2.54 billion, beating Zacks estimates of $2.45 billion
• Merck (NYSE:MRK) posted earnings of 83 cents per share, eight cent better than Zacks expectations, on a 6.9% year-on-year rise in revenues to $11.4 billion, which beat estimates of $11.2 billion
• Duke Energy (NYSE:DUK) reported first quarter results of 36 cents per share, four cents higher than expected on a 8.5% revenue climb YoY to $3.6 billion, ahead of consensus estimates of $3.5 billion
• Pfizer (NYSE:PFE) reported first quarter earnings of 60 cents per share, 7 cents higher than Zacks expectations, as revenues climbed 54.1% YoY, to $16.8 billion ahead of estimates at $16.5 billion
• CVS Caremark (NYSE:CVS) reported first quarter earnings of 60 cents per share, 2 cents higher than Zacks expectations, on a 1.6% revenue increase YoY to $23.8 billion, which fell shy of consensus estimates of $24.1 billion
• Apple's (NASDAQ:AAPL) iPads outsold its iPhones during the first month of sales by about two-to-one, with 1 million sold. DoJ antitrust and FTC agencies are reportedly assessing whether the company is unfairly forcing applications' designers to utilize Apple tools
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