Wednesday, July 21, 2010

Stock Market News Briefs: Coca-Cola Company, Manpower Inc, Morgan Stanley, Stanley Works, U.S. Bancorp, United Technologies, Wells Fargo & Company


 
Coca-Cola (KO: 54.005 +0.765 +1.44%) topped estimates by three cents with a second quarter earnings of $1.06 on a 4.9% in-line revenue increase to $8.7 billion
  •  United Technologies (UTX: 66.85 -0.69 -1.02%) bested estimates by 4 cents with second quarter interims of $1.20, with revenues 5.3% higher than last year’s at $13.9 billion and up from consensus estimates of $13.9 billion
  •  US Bancorp (USB: 23.15 0.00 0.00%) topped estimates for the second quarter, coming in at 45 cents ahead of estimates of 38 cents, on revenue-topping gains of 114.8% from last year at $4.51 billion, versus estimates of $4.35 billion
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  •  Stanley Black & Decker (SWK: 53.44 +0.82 +1.56%) passed estimates with second quarter earnings of $1.24, versus estimates of 78 cents with revenues also beating, posting 157% higher than last year at $2.36 billion, besting estimates of $2.25 billion
  •  Manpower (MAN: 46.99 +0.55 +1.18%) topped estimates with second quarter earnings of 40 cents, 18 cents higher than anticipated, on revenues of $4.6 billion, ahead of estimates of $4.4 billion
  •  Morgan Stanley (MS: 27.1999 +1.9799 +7.85%) provided much better-than-expected earnings and somewhat better-than-anticipated revenues, with earnings of 80 cents blowing past estimates of 46 cents and revenues of $8 billion topping $7.9 billion projections
  •  Wells Fargo (WFC: 26.16 +0.25 +0.96%) topped earnings expectations by 7 cents with second quarter results of 55 cents, on inline revenues of $21.4 billion

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