Company News Briefs: US Bancorp Ready To Repay Rescue Money, AT&T Tops Estimates, Boeing Misses Estimates

US Bancorp (USB) CEO Davis noted the company is ready to repay the $6.6 billion rescue amounts taken last fall, and said the company will likely pass the government’s stress test

Lincoln National (LNC) shares were recommended for purchase by Bank of America’s (BAC) analyst, citing the likelihood of the firm’s approval for receipt of TARP funds

AT&T (T) reported better-than-expected first quarter earnings of 53 cents a share, beating estimates by 5 cents on revenues of $30.6 billion

Altria (MO) beat estimates by one penny, with first quarter earnings of 39 cents as revenues grew 5.8% to $3.81 billion. The company backed its 2009 earnings view of $1.47 to $1.52 per share, and believes its customers are beginning to rebuild inventories

Ingersoll-Rand (IR) topped Street projections by 9 cents, posting a 4 cent loss on in-line revenues of $2.93 billion. The firm raised its 2009 earnings forecast to $1.40 to $1.90 a share, in line with Street estimates.  The company also lowered its dividend payout to 7 cents from 18 cents quarterly

Boeing (BA) reported a quarterly miss, coming in at 86 cents versus estimates of 91 cents and $1.61 a year earlier on revenues of $16.5 billion

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