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Company News for November 12, 2009 – Corporate Summary

Zacks Market Commentaries (November 4th, 2009) Writes:

• Kraft (NYSE:KFT) reported third quarter earnings of 55 cents a share on revenues of $9.8 billion, beating Zacks estimates of 48 cents, but slightly below revenue projections of $10.24 billion

• MedcoHealth Solutions (NYSE:MHS) reported third quarter earnings of 75 cents ex-items, 4 cents above Zacks estimates, on revenues of $14.80 billion, up from estimates of $14.71 billion

• Miller Tabek upgraded entertainment stocks such as CBS (NYSE:CBS), Entravision (NYSE:EVC), News Corp. (NASDAQ:NWS), Viacom (NYSE:VIA.B), and Disney (NYSE:DIS) from "neutral" to "buy"

• Disney (NYSE:DIS) said China approved its plans for a $3.5 billion theme park in Shanghai, set to open in 2014 at the earliest

• Time Warner (NYSE:TWX) reported third quarter earnings of 61 cents a share, ahead of Zacks estimates of 52 cents.  Revenue of $7.14 billion was almost inline with Zacks estimates.  The firm said it sees full-year earnings of at least $2.05

• Garmin (NASDAQ:GRMN) reported third quarter earnings

...

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