Company News for May 6, 2009 – Corporate Summary
Source: http://www.zacks.com/stock/news/19884/Company+News+for+May+6%2C+2009+-+Corporate+SummaryPosted on Wednesday, May 6th, 2009 | In Market Commentary, Stocks to Watch
* Garmin (NASDAQ:GRMN) reported first quarter earnings of 25 cents a share, a 17 cent miss, as revenues declined 34.2% year-over-year to $437 million
* Agrium (NYSE:AGU) reported first-quarter earnings of 4 cents a share, a 20 cent miss, as revenues jumped 58.4% year-over year to $1.75 billion. The Company said it expects second quarter earnings of $2.00 to $2.40 a share, versus consensus estimates of $2.77
* Foster Wheeler (NASDAQ:FWLT) reported first quarter earnings of 59 cent a share, a 9 cent miss, as revenues declined 29.6% year-over-year to $1.3 billion
* Devon Energy (NYSE:DVN) reported earnings of 48 cents a share, beating Street estimates by 20 cents, as revenues plunged 31.8% year-over-year to $2.0 billion
* Genentech (NYSE:DNA) received accelerated FDA approval of its Avastin drug for the treatment of brain cancer patients
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