Company News for February 23, 2011 - Corporate Summary

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

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

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

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

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

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

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

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

Company News for February 23, 2011 – Corporate Summary

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