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Zacks Analyst Blog Highlights: Texas Instruments, State Street Corporation, Zions Bancorporation, Comerica Inc. and Regions Financial – Press Releases

Zacks Market Commentaries (October 21st, 2009) Writes:

For Immediate Release

Chicago, IL – October 21, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Texas Instruments (TXN), State Street Corporation (STT), Zions Bancorporation (ZION), Comerica Inc. (CMA) and Regions Financial (RF).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Tuesday’s AnalystBlog:

TI Beats; Guidance Conservative

Texas Instruments (TXN) reported third quarter results that beat the Zacks Consensus Estimate by 3 cents. Revenue beat the consensus by 2.1%.

Revenue of $2.88 billion was up 17.2% sequentially, the second straight quarter of 17%+ growth. However, revenue declined 15.0% on a

...

State Street Tops Zacks Estimate – Analyst Blog

Zacks Market Commentaries (October 20th, 2009) Writes:
State Street Corporation’s (STT) third quarter operating earnings of $1.05 per share were 5 cents ahead of the Zacks Consensus Estimate. Operating results for the quarter exclude $11 million in pre-tax merger and integration costs associated with the Investors Financial Services Corp. acquisition. However, the results were down 15.3% from $1.24 per share in the prior-year quarter. On a GAAP basis, earnings for the quarter came in at $1.04 per share. This compares unfavorably with earnings of $1.09 in the year-ago quarter. The year-over-year decrease in earnings was due primarily to an increase in shares outstanding and decrease in revenue, partially offset by reduced expenses. Revenue for the quarter increased 5.4% sequentially but decreased 19.3% year-over-year to $2.8 billion. Operating revenue for the quarter was down 10.6% year-over-year to $2.3 billion. Operating expenses for the quarter decreased 13.2% year-over-year to $1.5 billion. Operating ...

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