Company News for November 16, 2010 - Corporate Summary

• Wal-Mart WMT posted third quarter earnings of $0.95 that included a $0.05 tax credit, compared to estimates of $0.90, as revenues rose 2.6% YoY to $101.2 billion, off estimates of $102.3 billion. The firm said it sees FY11 EPS of $4.08 to $4.12

• Home Depot HD posted third quarter earnings of $0.51 that topped estimates by $0.03, on revenues of $16.6 billion, inline with estimates

• Abercrombie & Fitch ANF reported third quarter earnings a nickel higher than estimates at $0.56, on a 17.5% revenue jump to $886 million, up from consensus estimates of $879 million

• Jacobs Engineering Group JEC reported fiscal fourth quarter results of $0.61, a $0.01 miss, on revenues of $2.3 billion shy of estimates of $2.5 billion

• General Motors raised its offering price range to $32-$33 and increased the size of the offering

• Microsoft MSFT sold 1 million Kinect units in its first 10 selling days

 
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