Market Snapshot July 22, 2009, 4:30PM EST

Stocks Finish Mixed

(page 2 of 2)

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In other earnings news Wednesday, Apple Inc. (AAPL) posted $1.35 vs. $1.19 third-quarter earnings per share (EPS) on a 12% revenue rise and a wider gross margin. Apple sees fourth-quarter revenue of $8.7 boillion-$8.9 billion, with EPS of $1.18-$1.23.

Yahoo Inc. (YHOO) posted $0.10 vs. $0.09 second-quarter GAAP EPS despite a 13% revenue decline (excluding forex impact, revenue fell 8%). Non-GAAP EPS were $0.16, flat with a year ago.

Boeing Co. (BA) reported $1.41 vs. $1.16 second-quarter EPS on 1.1% revenue rise. Wall Street was looking for $1.21. Boeing reaffirmed its 2009 EPS forecast of $4.70-$5.00 on revenue of $68 billion-$69 billion.

Pfizer Inc. () posted $0.48 vs. $0.55 adjusted second-quarter EPS on a 9.4% revenue drop. Wall Street was looking for $0.47. Lipitor sales fell 10%. Pfizer narrowed its $44 billion-$46 billion 2009 revenue guidance to $45 billion-$46 billion and raised its $1.85-$1.95 2009 adjusted EPS guidance to $1.90-$2.00.

Eli Lilly & Co. (LLY) posted $1.12 vs. $0.94 second-quarter pro forma non-GAAP EPS on a 2.8% revenue rise. Wall Street was looking for $1.02. Lilly raised its 2009 non-GAAP EPS forecast to $4.20-$4.30.

Starbucks Corp. (SBUX) reported $0.24 vs. $0.16 third-quarter non-GAAP EPS as wider operating margin offset a 5.5% decline in same-store sales and a 7.7% decline in total revenue. Starbucks sees fiscal 2009 non-GAAP EPS of $0.74-$0.75, ahead of Wall Street's $0.70 forecast.

PepsiCo Inc. (PEP) posts $1.06 vs. $1.05 second-quarter EPS despite a 3.2% revenue decline. Wall Street was looking for $1.00.

Arkansas Best (ABFS) posted a $0.62 second-quarter loss per share vs. $0.63 EPS on 27% revenue drop.

Altria Group (MO) posted $0.50 vs. $0.46 second-quarter adjusted EPS on a 33% revenue rise. Wall Street was looking for $0.47. Altria raised its $1.70-$1.75 2009 adjusted EPS from continuing operationss forecast to $1.72-$1.77.

In economic news Wednesday, the FHFA home price index rebounded 0.9% to 199.8 in May, from a revised 198.1 in April (revised from 198.6). On a year-over-year basis, the index was down 5.6% versus -6.8% originally in April. Gains were posted in 5 of the 9 regions, paced by a 1.5% increase in the East North Central.

The Mortgage Bankers Association's total loan applications index rose by a seasonally adjusted 2.8% to 528.9 last week, even as 30-year mortgage rates rose by about 1/4 percentage point to 5.31%. The measure of requests to buy homes and refinance loans was up from a seven-month low of 444.8 three weeks earlier but still less than half the level seen during the spring, when mortgage rates sank to record lows.

The ABC News consumer comfort index rose 1 point to -50 in the week ended July 19 from -51 a week earlier. 10% of respondents expressed confidence in the economy, up from 8% the week before. Also, 43% of those polled said their own finances were in good standing, the same as the prior week. In assessing the buying climate, 22% of respondents said it was good, the same as a week earlier.