Company News for October 27, 2009 – Corporate Summary
Source: http://www.zacks.com/stock/news/26474/Company+News+for+October+27%2C+2009+-+Corporate+SummaryPosted on Tuesday, October 27th, 2009 | In Investing Lessons, Stocks to Watch
• DryShips (NASDAQ:DRYS) reported third quarter earnings of 27 cents a share, 6 cents above Zacks estimates, on revenues of $228.2 million, down 30.4%, but above Zacks projections of $211 million
• Baidu (NASDAQ:BIDU) offered downside fourth quarter guidance as third quarter results posted a slight miss at $2.07 versus $1.47 a year ago
• BP (NYSE:BP) posted 50% better-than-estimated interims as cost-cutting measures generated results of $4.98 billion, down 50% from last year, due to lower oil and gas prices
• Johnson Controls (NYSE:JCI) reported fourth quarter earnings of four cents above Zacks estimates at 52 cents, on inline revenues of $7.87 billion, off 15.5%
• US Steel (NYSE:X) posted a third quarter loss of $2.11, versus Zacks estimates of a $2.91 per share loss, on estimate-topping revenues of $2.82 billion, down 61.5%, but above estimates of $2.67 billion. Noting customer order rates below second quarter levels, the firm provided a cautious outlook on end-user demand
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