Wall Street

Shrugging off some lingering reminders of the credit crisis and recession, investors last week marked the one-year anniversary of the bear market low by pushing many benchmark equity indices to cycle highs.

National Semiconductor Corp. (NYSE: NSM) reported 22 cents per diluted share compared with 9 cents per share last year. analysts average $0.18. NSM beats by $0.04

The company reported $345 million in sales, and 24 percent higher than the $292 million reported in last year's third fiscal quarter.

Devon Energy Corporation (NYSE: DVN) announced that it has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 billion.

Abbott (NYSE: ABT) and Facet Biotech Corporation (Nasdaq: FACT) announced a definitive agreement for Abbott to acquire Facet, enhancing Abbott's early- and mid-stage pharmaceutical pipeline. Abbott will acquire Facet for $27 per share in cash for a net transaction value of approximately $450 million.

Casey’s General Stores, Inc. (Nasdaq: CASY) reported $0.34 in basic earnings per share for the third quarter of fiscal 2010 ended January 31, 2010, compared to $0.28 for the same quarter a year ago. analysts average $0.38. CASY misses by $0.04.

MetLife, Inc. (NYSE: MET) announced today a definitive agreement to acquire one of American International Group, Inc.’s (AIG) international subsidiaries, American Life Insurance Company (ALICO), for approximately $15.5 billion. The consideration will consist of $6.8 billion in cash and approximately $8.7 billion in MetLife equity securities

Equity One, Inc. (NYSE: EQY) announced Fourth quarter FFO were $0.28 per diluted share compared to $0.19 per diluted share last year. analysts average $0.26. EQY beats by $0.02.

The company generated Funds From Operations (FFO) of $24.6 million as compared to for the same period in 2008 of $14.4 million.

Joy Global Inc. (NASDAQ: JOYG), reported $0.73 per fully diluted share, compared to $0.83 per fully diluted share, in the first quarter last year. analysts average $0.64. JOYG beats by $0.09.

Net sales for the quarter were $729 million compared to $755 million in the first quarter of last year, a decrease of 3 percent.

Costco Wholesale Corporation (NASDAQ: COST) announced, excluding items, net income were $.70 per diluted share, compared to $.55 per diluted share last year. analysts average $0.72. COST misses by $0.02

Net sales for the second quarter of fiscal 2010 increased eleven percent, to $18.36 billion, from $16.49 billion during the second quarter of fiscal 2009.

Edison International (NYSE: EIX) reported fourth quarter 2009 core earnings were $0.59 per share compared to $0.66 per share in the fourth quarter of 2008. analysts average $0.41. EIX beats by $0.18

The decline is largely due to lower earnings at Edison Mission Group (EMG), partially offset by higher operating results at Southern California Edison (SCE).

American International Group, Inc.

As investors vacillated about the impact of developments in Greece, together with the uncertainty of strong fourth-quarter economic data possibly not carrying over to the first quarter, stock markets experienced two sharp sell-offs and two rebound rallies, limping to small gains on Friday but ending the week modestly down.

Gap Inc. (NYSE: GPS) reported fourth quarter diluted earnings per share increased 50 percent to $0.51 from $0.34 last year. analysts average $0.50. GPS beats by $0.01.

Fourth quarter net sales increased 4 percent to $4.24 billion compared with $4.08 billion last year, earnings led by Old Navy.

The Gap, Inc., through its subsidiaries, operates as a specialty retailing company.
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The Coca-Cola Company (NYSE: KO) and Coca-Cola Enterprises Inc. (NYSE: CCE) announce that they have entered into agreements that will strategically advance the Coca-Cola system in North America and drive long-term value for all shareholders.

Medtronic, Inc. (NYSE: MDT) reported, excluding items, earnings were $0.77 per share compared with $0.71 last year. analysts average $0.76. MDT beats by $0.01.

The company reported third quarter revenue of $3.851 billion, a 10 percent increase over third quarter revenue reported a year ago.

Medtronic, Inc. develops, manufactures, and sells device-based medical therapies worldwide.