Company News for April 27, 2011 - Corporate Summary

• Hospira (NYSE:HSP) reported Q1 EPS of $0.93, well ahead of the Zacks Consensus Estimate of $0.78 per share. Revenues for the quarter fell less by than a percent to $1.0 billion, topping the Zacks Consensus Estimate of $941.0 million

• Ford (NYSE:F) reported Q1 EPS of $0.61, beating the Zacks Consensus Estimate of $0.50 per share. Revenues for the quarter rose 17.8% year-over-year to $33.1 billion, higher than the Zacks Consensus Estimate of $30.188 billion

• Lockheed Martin Corp (NYSE:LMT) reported Q1 EPS of $1.55, above the Zacks Consensus Estimate for $1.51 per share. Revenues for the quarter increased 2.9% year-over-year to $10.63 billion, slightly lower than the Zacks Consensus Estimate of $10.644 billion

• Bearings and specialty steel manufacturer The Timken Co. (NYSE:TKR) raised its full year 2011 EPS guidance to between $3.80 and $4.10, from prior guidance of $3.30 to $3.60

• Share prices of biotechnology firm Endocyte, Inc.’s (NASDAQ:ECYT) rose 32.18% after the company said it was requesting European Union approval to market its treatment for ovarian cancer

• Morgan Joseph analysts upgraded shares of Central European Media Enterprises Ltd. (NASDAQ:CETV) from “Hold” to “Buy” rating with a target price of $25.00

• Bank of America Merrill Lynch upgraded Ingersoll-Rand (NYSE:IR) to “Buy” from “Neutral” rating with a price target of $61.00 per share on the stock

• Analysts at Piper Jaffrey upgraded Johnson Controls, Inc. (NYSE:JCI) to “Overweight” from “Neutral” rating with a price target of $47.00 per share up from $46.00

• Analysts at JPMorgan Chase & Co. upgraded Mission West Properties, Inc. (NASDAQ:MSW) to “Neutral” from an “Underweight” rating with a target price of $7.00 raised from $6.00

• C.H. Robinson Worldwide (NASDAQ:CHRW) reported Q1 EPS of $0.59, slightly lower than the Zacks Consensus Estimate of $0.60 per share. Revenues for the quarter rose 14% year-over-year to $2.36 billion, ahead of the Zacks Consensus Estimate of $2.293 billion

Company News for April 27, 2011 – Corporate Summary

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