Stock Market Briefs: Amazon.com, American Express, Honeywell, Schlumberger
By Money Morning on October 23, 2009 | More Posts By Money Morning | Author's Website
- Amazon.com (AMZN) reported better-than-estimated third quarter earnings of 45 cents, ahead of Zacks estimates of 33 cents as revenues soared 28% to $5.45 billion, up from estimates of about $5 billion. For the fourth quarter the firm said it expects revenues of $8.125-$9.125 billion
- American Express (AXP) reported earnings of 44 cents for the third quarter, versus Zacks estimates of 36 cents, as revenues of $6 billion were ahead of estimates of $5.9 billion. Consolidated loss provisions declined 13% to $1.2 billion
- Dover (DOV) reported 10 cent better-than-projected earnings of 58 cents a share on inline revenues of $1.5 billion, down 23.7% y/y
- Honeywell (HON) reported third quarter earnings of 76 cents a share, beating Zacks estimates by 4 cents a share, as revenues of $7.7 billion, off 17%, were below estimates of $7.91 billion
- Ingersoll-Rand (IR) beat Zacks estimates by 9 cents on earnings of 70 cents. Revenues of $3.48 billion missed projections of $3.56 billion. The firm raised guidance for 2010 to $2.00-$2.40
- Whirlpool (WHR) reported cost cuts and productivity gains partially countered shortfalls in global sales and production volumes, resulting in third-quarter earnings of $1.15 a share, beating Zacks estimates of 77 cents a share on revenues of $4.5 billion versus estimates of $4.32 billion. For the year the firm expects earnings of $4.25 per share, up from prior view of $3.50-$4.00
- Schlumberger (SLB) beat projections by 3 cents as earnings reached 65 cents on revenues of $5.43 billion, off 25.2%
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