Johnson Controls, BP: Tuesday's Headlines

(Updated with economic data, earnings results from FirstEnergy and Wynn Resorts.)

NEW YORK (TheStreet) -- Here are the top stock market headlines for the morning of Tuesday, Oct. 27, 2009.

Tuesday's Earnings Roundup

• BP (BP Quote) reported third-quarter earnings of $5.34 billion, or $1.71 per American depositary share, falling from a year ago. Excluding one-time items, earnings were $4.67 billion, better than the consensus target of $3.16 billion. Revenue in the quarter was $67.9 billion, down 35.8% from a year ago but better than the Thomson Reuters average estimate of $63.7 billion.
• Johnson Controls (JCI Quote) said it had a fiscal fourth-quarter profit of $300 million, or 47 cents a share, rising sharply from a year ago. Excluding items, the automotive and building systems maker earned 52 cents a share, a penny better than the Thomson Reuters average estimate. Revenue slipped 15.5% from a year ago to $7.87 billion, in line with consensus estimates.
• U.S. Steel (X Quote) posted a third-quarter loss of $303 million, or $2.11 a share, swinging from a year-ago profit of $919 million, or $7.79 a share. Revenue was slashed by 61% from a year ago to $2.82 billion, although that number was higher sequentially. Analysts surveyed by Thomson Reuters expected U.S. Steel to report a third-quarter loss of $2.87 a share on revenue of $2.72 billion.
• TD Ameritrade (AMTD Quote) said third-quarter profit fell to $156.7 million, or 26 cents a share, from $172 million, or 29 cents a share, in the year-ago quarter. Revenue rose 1.3% to $657.9 million. Analysts were looking for earnings of 22 cents a share on revenue of $630.5 million, according to Thomson Reuters. For the 2010 fiscal year, TD Ameritrade said it expects earnings to fall between $1.10 and $1.40 a share, compared with the consensus target of $1.29 a share.
• Valero (VLO Quote) reported a third-quarter adjusted loss of 39 cents a share, worse than analysts' expectations for a loss of 33 cents a share, according to Thomson Reuters. Revenue plummeted 45.8% from a year ago to $19.49 billion, topping the consensus target of $18.84 billion.
• FirstEnergy (FE Quote) notched a third-quarter profit, excluding items, of $1.11 a share, beating the Thomson Reuters average estimate of $1.05 a share. Revenue fell nearly 13% to $3.4 billion, also better than analysts had expected. FirstEnergy did narrow is full-year 2009 earnings guidance to a range of $3.70 to $3.80 a share, in line with estimates.
• Wynn Resorts (WYNN Quote) posted third-quarter earnings, excluding one-time items, of 33 cents a share, well ahead of the Thomson Reuters average estimate of 15 cents a share. Revenue inched higher by 0.5% from a year ago to $773 million, also better than analysts expected.