Company News for January 22, 2010 - Corporate Summary
• Air Products (NYSE:APD) reported fiscal first quarter earnings of $1.16, two cents higher than anticipated, on inline revenues of $2.2 billion, off 1% from a year ago
• BB&T (NYSE:BBT) posted fourth quarter results of 27 cents, 6 cents better than expected
• GE (NYSE:GE) beat estimates by 2 cents, reporting earnings of 28 cents versus 36 cents last year on revenues of $41.4 billion. "GE's environment has improved and we saw some encouraging signs at year-end...Capital Finance is executing well in a difficult environment, earning $0.3B in the quarter and $2.3B. Every segment at GE Capital was profitable with the exception of Commercial Real Estate, which continues to operate in a difficult environment."
• Johnson Controls (NYSE:JCI) earned 43 cents in its fiscal first quarter, a 14 cent beat, as revenues gained 15% to $8.4 billion
• Schlumberger (NYSE:SLB) posted fourth quarter results of 67 cents a share, three cents above estimates, on revenues of $5.7 billion, down 16%
• SunTrust Banks (NYSE:STI) beat estimates by 11 cents, posting fourth quarter losses of 64 cents a share on revenues of $1.9 billion
• Deutsche Bank (NYSE:DB) maintained a “buy" rating Google (NASDAQ:GOOG), raising the price target to $626 from $615
• McDonalds (NYSE:MCD) reported $1.03, one penny better than expected, on inline revenues of $5.97 billion
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