Company News for March 3, 2010 - Corporate Summary
• Costco (NASDAQ:COST) reported fiscal second quarter earnings of 70 cents a share, one cent below Zacks projections, revenues of $18.36 billion, which also missed Zacks estimates of $18.48 billion
• Joy Global (NASDAQ:JOYG) reported better-than-expected earnings of 73 cents, versus Zacks estimates of 64 cents, on revenues of $729.2 million, which beat Zacks estimates of $657 million
• BJ's Wholesale (NYSE:BJ) reported fourth quarter results, which missed by a penny, coming in at 95 cents on revenues of $2.74 billion, below Zacks estimates of $2.79 billion
• Goldman Sachs (NYSE:GS) added UPS (NYSE:UPS) to its Conviction Buy List with a $76 price target
• Goldman Sachs (NYSE:GS) removed Staples (NASDAQ:SPLS) from its Conviction Buy List, cutting its rating to "neutral," and reducing the price target from $27 to $26
• Bank of America (NYSE:BAC) upgraded Eaton (NYSE:ETN) to "buy" from "underperform," lifting the price target from $58 to $90
• Bank of America (NYSE:BAC) downgraded Netflix (NASDAQ:NFLX) to "underperform" from "buy"
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