• DISH Network (NASDAQ:DISH) reported second quarter profits 4-cents better than expected at 57 cents per share, on revenues up 9.3% to $3.17 billion, slightly ahead of Zacks estimates of $3.12 billion
• Following CEO Mark Hurd’s resignation, Hewlett-Packard (NYSE:HPQ) issued improved preliminary fiscal third quarter sales and earnings projections of $30.7 billion and adjusted earnings of $1.08, up from Zacks estimates of $30.00 billion and $1.07 per share earnings. The company also raised its full-year guidance to $4.49-$4.51 from $4.45-$4.50. It sees sales of $125.3 billion to $125.5 billion for the year
• JP Morgan (NYSE:JPM) cut Medtronic (NYSE:MDT) from “overweight” to “neutral,” with its price target lowered to $42 from $44
• JP Morgan (NYSE:JPM) initiated coverage of Tesla Motors (NASDAQ:TSLA) with an “overweight” rating and a $25 price target
• Apple’s (NASDAQ:AAPL) iPhone4 issues has resulted in the ousting of its senior VP for mobile devices, Mark Papermaster
