Company News for May 7, 2010 - Corporate Summary
• AIG (NYSE:AIG) reported adjusted earnings of $1.21, well above Zacks estimates for 48 cents, on revenues of $16.33 billion, which missed projections of $22.38 billion
• Consolidated Edison (NYSE:ED) posted better-than-expected first quarter results of 93 cents versus Zacks expectations of 81 cent, on in-line revenues of $3.46 billion
• Southern Union (NYSE:SUG) posted disappointing first quarter results at 44 cents, below Zacks estimates of 52 cents, on revenues of $758.99 million, which were above Zacks estimates of $754 million
• AES (NYSE:AES) reported a one cent beat as earnings of 26 cents bested Zacks estimates of 25 cents on revenues of $4.1 billion, which beat projections for $3.39 billion
• CGI Group (NYSE:GIB) announced plans to acquire Stanley (NYSE:SXE) for $37.50 per share, or $1.07 billion
• PerkinElmer (NYSE:PKI) first quarter earnings of 31 cents beat by two pennies, on a 6.9% revenue increase to $465 million up from estimates of $448 million
• Reports indicate lawyers from Goldman Sachs (NYSE:GS) met with an SEC representative to talk settlement, although sources note no settlement terms yet discussed
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