Get Articles Daily from StraightStocks - Enter Email Address


  • National Debt Clock


Company News for October 28, 2009 – Corporate Summary

Source: http://www.zacks.com/stock/news/26545/Company+News+for+October+28%2C+2009+-+Corporate+Summary
Posted on Wednesday, October 28th, 2009 | In Investing Lessons, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -

• Visa (NYSE:V) reported earnings of 74 cents a share, 3 cents above Zacks estimates on revenues of $1.9 billion above estimates of $1.8 billion. The company expects 2010 revenue growth at the lower end of its 11-15% range, but 2011 growth above 20%

• International Paper (NYSE:IP) reported third quarter results of 37 cents a share, 14 cents above Zacks estimates, on inline revenues of $5.92 billion, off 13.1%. According to the company, at the end of its third quarter, “we began to see some modest improvements in demand in some segments of our paper and packaging businesses”

• Yahoo’s (NASDAQ:YHOO) analyst meeting is due to be held at 11:00 ET

• Arcelor Mittal (NYSE:MT), the world’s largest steel company, reported a $903 million third quarter profit, noting “We have seen the first signs of recovery in the third quarter…We should continue to see further gradual improvement through 2010, although the operating environment remains challenging”

• United Microelectronics (NYSE:UMC) reported third quarter earnings of 8 cents a share, 5 cents above Zacks estimates on revenues of $853 million, above Zacks estimates of $801 million, up 11.1%

• WellPoint (NYSE:WLP) reported third quarter earnings of $1.78 a share, 38 cents above Zacks projections on inline revenues of $15.21 billion

Zacks Investment Research

Last 5 posts by Zacks Market Commentaries





About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries

Leave a Reply

Name

Email (kept private)

Website









No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.