• Walmart (NYSE:WMT) reported better-than-expected fourth quarter earnings of $1.17, a nickel ahead of Zacks estimates of $1.12, versus $1.03 a year ago, on revenues of $113.7 billion, versus Zacks estimates of $114.3 billion. Full year guidance was provided at $3.90-$4.00
• Barrick Gold (NYSE:ABX) posted better than estimated fourth quarter earnings of 61 cents, ahead of Zacks estimates of 56 cent estimates on revenues of $2.36 billion, versus Zacks estimates of $2.32 billion
• Hormel Foods (NYSE:HRL) reported fourth quarter earnings of 82 cents up from Zacks projections of 68 cents on revenues of $1.73 billion, versus Zacks estimates of $1.68 billion. The firm lifted 2010 guidance by 5 cents to a range of $2.68-$2.78
• WellCare (NYSE:WCG) posted earnings of 47 cents a share, up from Zacks estimates of 44 cents on inline revenues of $1.62 billion. The company said it expect full year earnings of $1.90 to $2.15 a share
• Goldman Sachs (NYSE:GS) reiterated its “buy” rating for OfficeMax (NYSE:OMX) and lifted its price target to $17.50 from $16
• American Eagle Outfitters (NYSE:AEO) was upgraded by Wells Fargo (NYSE:WFC) to “outperform,” with a raised price target from of $21 from $20
