Company News for May 5, 2011 - Corporate Summary

• R.R. Donnelley & Sons (NYSE:RRD) reported Q1 EPS of $0.33, missing the Zacks Consensus Estimate of $0.36 per share. Revenues for the quarter rose 7% year-over-year to $2.58 billion, lower than the Zacks Consensus Estimate of $2.634 billion

• The Williams Companies (NYSE:WMB) reported Q1 EPS of $0.36 ex-items today, slightly higher than the Zacks Consensus estimate of $0.35 per share

• Prudential Financial (NYSE:PRU) reported Q1 earnings per common share of $1.69 ex-items, beating the Zacks Consensus Estimate for $1.48 per share. Revenues for the quarter grew 28% year-over-year to $9.20 billion, above the Zacks Consensus Estimate of $8.196 billion

• CBS Corporation (NYSE:CBS) increased 7.19% to close the day at $27.21 after the company doubled its dividend and reported first- quarter profits that beat analysts’ estimates

• Allergan’s (NYSE:AGN) share prices rose 3.66% after it reported higher-than-expected first-quarter results on Wednesday, fueled by strong sales growth of its Botox anti-wrinkle medicine and its eye care and skin care products

• Share prices of semiconductor-equipment maker Novellus Systems Inc. (NASDAQ:NVLS) rose 6.5% after the company said it would offer $525 million in senior notes, much of which will be used for share buyback

• ConAgra Foods, Inc. (NYSE:CAG) offered to acquire food maker Ralcorp Holdings, Inc. (NYSE:RAH) for about $4.9 billion. However, Ralcorp rejected the bid

• Applied Materials, Inc. (NASDAQ:AMAT) said it would buy ion-implantation equipment supplier Varian Semiconductor (NASDAQ:VSEA) for $4.9 billion

Company News for May 5, 2011 – Corporate Summary

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