Market News

October 28, 2010  Thu 7:29 AM CT

Earnings Beat but Revenues Off Slightly

DOWDow Chemical's third-quarter EPS comes in at $0.54 versus a street consensus of  $0.41 on revenue of $12.87, which is just a tad under Wall Street estimates.  Nonetheless, traders like the news as DOW trades up 2.5 percent on the tradeMONSTER extended-hours platform.

Barrick Gold Rises on Sterling

Barrick Gold reported earnings of $0.84 a share, handily beating the $0.76 consensus number. Revenue was $2.8 billion, beating the $2.64 forecast. ABX trades up over 1.5 percent this morning.

Motorola Beats on Smartphones

Motorola’s third-quarter profit came in at $0.16, ahead of the $0.11 forecast. Strong sales of smartphones running Google’s Droid operating system helped the results, and produced the first year-over-year revenue gain since late 2006. MOT is up 3 percent to $8.09 in the pre.

PMI Declines on Large Loss

PMI Group reported a third-quarter loss of $1.74 a share, more than twice the $0.59 loss that analysts had expected. Claims went up, while income from premiums and investments fell. Ouch. PMI is down 1 percent in the pre, following a bigger decline earlier.

3M Cuts Guidance on Acquisition Costs

3M’s third-quarter profit was $1.53, beating the $1.51 estimate, led by the Display and Graphics segment, which serves the mobile-device and flat-screen television markets. MMM cut its full-year guidance because of acquisition-related costs. The shares are down 2 percent in the pre.

(Chart courtesy of tradeMONSTER)

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