Company News for October 22, 2010 - Corporate Summary

• American Express AXP posted after-the-close interims of $0.90 for the third quarter, a 5 cents, on a 16.9% revenue jump to $7 billion, above Zacks estimates of $6.8 billion

• Baidu.com BIDU reported third quarter earnings of $0.46, a 4-cent beat on revenues of $337.2 million versus Zacks estimates of $310 million

• Goldman Sachs GS reiterated a "buy" on Baidu.com, lifting the price target from $105 to $115

• Schlumberger SLB posted inline third quarter profits of $0.70 on revenues of $6.85 billion, above Zacks estimates of $6.75 billion

• Verizon VZ reported third quarter profits $0.02 higher than anticipated at $0.56 as revenues fell 2.9% to $26.48 billion, besting Zacks estimates for $26.31 billion

• Honeywell HON reported better-than-expected third quarter profits of $0.64, $0.01 ahead of Zacks projections, on revenues of $8.4 billion, up from estimates of $8.23 billion

• Ingersoll-Rand IR posted a 1-penny beat with earnings of $0.80 on inline revenues of $3.73 billion

• Ericsson ERIC reported third quarter earnings of $0.17, a 1-cent beat, on revenues of $7.12 billion, up from estimates of $6.99 billion

• Amazon.com AMZN reported after the close results of $0.51, a 3-cent beat, on revenues of $7.56 billion, up from estimates of $7.34 billion. The firm sees fourth quarter sales of $12-$13 billion and operating income of $360-$560 million

 
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