Company News for December 10, 2009 - Corporate Summary

• Costco (NASDAQ:COST) reported inline earnings and revenue results this morning.  The company reported first-quarter earnings of 60 cents a share, inline with analysts' consensus views as well as prior year results, despite the 1% increase in outstanding shares. Revenues climbed 5.5% to $17.3 billion, matching estimates of $17.32 billion, as same-store-sales rose 3%

• Lululemon Athletica (NASDAQ:LULU) reported third-quarter earnings one cent above estimates at 20 cents versus 13 cents a year earlier on a 29.7% sales gain to $112.9 million, beating estimates of $111.2 million.  Comparable sales increased 10%. The firm said it sees fourth-quarter earnings of 26 cents to 27 cents a share

• Goldman Sachs (NYSE:GS) increased its fiscal 2010, 2011 and 2012 estimates on Oracle (NASDAQ:ORCL) to $1.53, $1.66 and $1.81, respectively, from previous projections of $1.52, $1.64, $1.79, while maintaining its "buy" rating on the shares

• Lazard (NYSE:LAZ) raised its price target and reiterated buy ratings on Visa (NYSE:V) and MasterCard (NYSE:MA). Analysts increased the price target on Visa to $98 from $86, and on MasterCard to $285 from $250

• Smithfield (NYSE:SFD) posted a narrower-than-expected fiscal second quarter loss of 26 cents a share, improved from the anticipated 39 cent loss. Revenues of $2.69 billion matched Street projections.

• Ciena (NASDAQ:CIEN) reported a loss of 12 cents a share, up from 10 cents last year excluding items, versus analyst estimates of a 7-cent loss. Revenues fell 1.9% to $176.3 million, ahead of the firm's September guidance at about $164.8 million

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