Company News for November 17, 2009 – Corporate Summary
Source: http://www.zacks.com/stock/news/27366/Company+News+for+November+17%2C+2009+-+Corporate+SummaryPosted on Tuesday, November 17th, 2009 | In Investing Lessons, Stocks to Watch
• Home Depot (NYSE:HD) topped estimates by a nickel as earnings for the third quarter reached 41 cents, on inline revenues of $16.36 billion, down 8%. Comparable sales fell 6.9%. The company issued 2010 guidance of $1.55, slightly ahead of $1.53 projections. According to the firm, “There is still a great deal of pressure in the housing and home improvement markets, though there are some positive signs of stabilization.”
• ExxonMobil (NYSE:XOM) shares were upgraded to “overweight” at Barclays Capital (NYSE:BCS)
• A regulatory filing showed Berkshire Hathaway (NYSE:BRK.A) nearly doubled its Wal-Mart (NYSE:WMT) holdings; added almost 112 million Wells Fargo (NYSE:WFC) shares; the filing showed a 1.28 million holding of ExxonMobil (NYSE:XOM) shares; and 3.2 million shares of SunTrust Banks (NYSE:STI)
• UBS (NYSE:UBS) CEO Grubel outlined an ambitious goal of annual pre-tax profits of $14.89 billion over the next 3-5 years
• Dillard’s (NYSE:DDS) reported a smaller than expected third quarter loss, with a non-GAAP loss of 3 cents, versus estimates of a 51 cent loss on revenues of $1.36 billion, off estimates of $1.38 billion. Same-store-sales fell 9%
Last 5 posts by Zacks Market Commentaries
- Boeing Progressing on 747-8 - Analyst Blog - February 9th, 2010
- Atmel Beats Expectations - Analyst Blog - February 9th, 2010
- Aeropostale Lifts Guidance - Analyst Blog - February 9th, 2010
- Label Expansion for AZN Drug - Analyst Blog - February 9th, 2010
- Cousins Properties' FFO Plummets - Analyst Blog - February 9th, 2010
![]() About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |





