• Visa (NYSE:V) reported earnings of 74 cents a share, 3 cents above Zacks estimates on revenues of $1.9 billion above estimates of $1.8 billion. The company expects 2010 revenue growth at the lower end of its 11-15% range, but 2011 growth above 20%
• International Paper (NYSE:IP) reported third quarter results of 37 cents a share, 14 cents above Zacks estimates, on inline revenues of $5.92 billion, off 13.1%. According to the company, at the end of its third quarter, “we began to see some modest improvements in demand in some segments of our paper and packaging businesses”
• Yahoo’s (NASDAQ:YHOO) analyst meeting is due to be held at 11:00 ET
• Arcelor Mittal (NYSE:MT), the world’s largest steel company, reported a $903 million third quarter profit, noting “We have seen the first signs of recovery in the third quarter…We should continue to see further gradual improvement through 2010, although the operating environment remains challenging”
• United Microelectronics (NYSE:UMC) reported third quarter earnings of 8 cents a share, 5 cents above Zacks estimates on revenues of $853 million, above Zacks estimates of $801 million, up 11.1%
• WellPoint (NYSE:WLP) reported third quarter earnings of $1.78 a share, 38 cents above Zacks projections on inline revenues of $15.21 billion
