NEW YORK (TheStreet) -- Sony (SNE) - Get Report will acquireEricsson's (ERIC) - Get Report 50% stake in their Sony Ericsson mobile phone venture for €1.05 billion ($1.47 billion) in cash.

Ericsson shares were jumping 6.8% to $10.94.

Aetna

(AET)

posted third-quarter operating earnings of $528.4 million, or $1.40 a share,

topping

analysts' estimates, on lower-than-projected utilization and disciplined pricing. Analysts surveyed by Thomson Reuters expected the health insurer to earn $1.15 a share.

Shares were gaining 3.9% to $40.40.

U.S. Airways

(LCC)

reported third-quarter profit of 51 cents a share, beating the average analyst estimate of 48 cents a share. Earnings per share fell from $1.23 a share the same time last year.

Revenue rose 8.1% to $3.4 billion.

Shares were advancing 3.9% to $5.88.

Oil major

Exxon

(XOM) - Get Report

reported third-quarter earnings of $2.13 a share, beating the average analyst estimate by a penny.

Shares were rising 1.6% to $82.35.

Drug company

Bristol Myers Squibb

(BMY) - Get Report

reported third-quarter earnings of 61 cents a share, above the average analyst estimate of 58 cents.

The company also revised its full-year guidance to $2.25 to $2.30 a share from $2.20 to $2.30 a share.

The earnings release comes on the heels of Bristol-Myers Squibb's announcement that it will develop a once-a-day pill to treat HIV patients by combining its Reyataz treatment with an experimental drug from

Gilead Sciences

(GILD) - Get Report

.

Bristol-Myers Squibb shares were rising 1.5% to $32.98.

Tobacco maker

Altria

(MO) - Get Report

posted third-quarter profit of 56 cents a share Thursday, in line with estimates. The company also announced a $1 billion share repurchase program.

Shares were rising 1.2% to $27.60.

United Continental

(UAL) - Get Report

narrowly

missed

third-quarter estimates as rising fuel prices added $1 billion to its costs. Excluding items, the carrier reported net income of $773 million, or $2 a share.

Analysts surveyed by Thomson Reuters had estimated $2.08.

Revenue rose 8.7% to $10.2 billion. Analysts had estimated $10.1 billion.

Shares were down 0.3% to $20.28.

Procter & Gamble

(PG) - Get Report

, the consumer products giant, posted first-quarter earnings of $1.03 a share, in line with estimates, as sales

rose

9% to $21.92 billion.

Full-year earnings from continuing operations and core earnings are expected to be in the range of $4.17 to $4.33 a share in the fiscal year, up 6% to 10% vs. a base period core EPS of $3.95.

Analysts expect fiscal-year earnings of $4.20 a share on revenue of $87.12 billion.

Shares were trading sideways at $65.

Royal Dutch Shell

(RDS.A)

reported third-quarter profit

doubled

on higher oil prices. Europe's largest oil company earned $6.98 billion in the quarter, up from $3.46 billion a year earlier.

Analysts were expecting Shell to post profit of about $6.55 billion.

Shares were unchanged at $73.27.

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here:

Andrea Tse

.

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