Company News for February 23, 2011 - Corporate Summary

• Wal-Mart WMT reported Q4 EPS of $1.34, ahead of the Zacks Consensus Estimate of $1.31 per share

• Petrohawk Energy Corp. HK reported Q4 EPS of $0.11, lower than the Zacks Consensus Estimate of $0.15 per share

• Questar Corp. STR reported Q4 EPS of $0.36, above the Zacks Consensus Estimate of $0.31 per share

• Hewlett-Packard Co. HPQ reported Q1 EPS of $1.36, ahead of the Zacks Consensus Estimate of $1.29 per share

• Both JPMorgan JPM and Morgan Stanley MS have upgraded Molycorp MCP with a new target price which implies substantial upside from the current market price of shares

• Book seller Barnes & Noble BKS has decided to suspend its dividend to conserve cash and invest in electronic books 

• BHP Billiton BHP said it plans to buy shale gas reserves from Chesapeake Energy CHK for an estimated $4.75 billion

• Forest Laboratories FRX agreed to buy Clinical Data CLDA for $1.2 billion in order to add to its portfolio of drugs to treat depression