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Company News for November 6, 2009 – Corporate Summary
Zacks Market Commentaries (November 6th, 2009) Writes:
• Starbucks (NASDAQ:SBUX) reported fourth quarter earnings of 24 cents a share, up from last year's 10 cents, above Zacks estimates of 21 cents, as revenues dropped 3.7% to $2.42 billion. The firm raised its 2010 guidance to 15-20% earnings growth from prior guidance of 13-18% growth
• Hyatt Hotels (NYSE:H) shares gained 12% on their NYSE debut. The company sold 38 million shares at $25 per share
• JP Morgan (NYSE:JPM) lifted its price target on Ford (NYSE:F)
• The smartphone marketplace will watch today's launch of Verizon's (NYSE:VZ) much-heralded new "Droid" launch, using Google's (NASDAQ:GOOG) Android operating system
• AIG (NYSE:AIG) reported third quarter earnings of $2.85 ex-items
• Bernstein upgraded General Electric (NYSE:GE) and Amazon.com (NASDAQ:AMZN) shares
• JP Morgan (NYSE:JPM) upgraded Macy's (NYSE:M) shares
• Deutsche Bank (NYSE:DB) upgraded Blue Nile (NASDAQ:NILE) shares, lifting the price target from $30 to $50
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