BOSTON ( TheStreet) -- Here are the top stock market headlines for the morning of Friday, July 23, 2010.

Friday's Earnings Roundup

  • Ford (F) said it had second-quarter adjusted earnings of 68 cents a share on revenue of $31.3 billion, coming in ahead of the Thomson Reuters average estimate for earnings of 40 cents a share on sales of $29.8 billion. Looking ahead, Ford said it expects U.S. volume will be in a range of 11.5 million to 12 million vehicles in 2010.
  • McDonald's (MCD) notched a second-quarter profit of $1.13 a share on sales of $5.95 billion, topping the consensus target for earnings of $1.12 a share on $5.91 billion in revenue. McDonald's said global comparable sales rose 4.8%, with the biggest increase coming from Europe.
  • Verizon (VZ) posted second-quarter earnings of 58 cents a share on revenue of $26.8 billion, compared to the Thomson Reuters average estimate for earnings of 56 cents a share on $27.1 billion in revenue.
  • Johnson Controls (JCI) said it earned 54 cents a share on revenue of $8.54 billion in its fiscal third quarter, compared to analysts' forecasts the company would earn 55 cents a share on revenue of $8.48 billion.
  • Honeywell (HON) posted second-quarter earnings of 60 cents a share on revenue of $8.16 billion, coming in ahead of the Thomson Reuters average target for earnings of 57 cents a share on revenue of $8 billion. Honeywell upped its full-year earnings guidance to a range of $2.40 to $2.50 a share from its prior view of $2.30 to $2.45. Analysts expect a full-year profit of $2.48 a share.
  • Schlumberger (SLB) reported second-quarter adjusted earnings of 68 cents a share on revenue of $5.94 billion, which compares to the consensus estimate for earnings of 68 cents a share on revenue of $5.92 billion.
  • Microsoft (MSFT) late Thursday said it had a fiscal fourth-quarter profit of 51 cents a share on revenue of $16 billion, coming in ahead of Wall Street's forecast for earnings of 46 cents a share on revenue of $15.3 billion.
  • Amazon.com (AMZN) shares were poised to drop after the Internet retailer late Thursday posted a second-quarter profit of 45 cents a share, which was well below the Thomson Reuters average estimate for earnings of 54 cents a share. Revenue of $6.57 billion in the quarter was slightly above the $6.54 billion consensus target.
  • American Express (AXP) said after Thursday's close that it had second-quarter earnings of 84 cents a share on revenue of $6.86 billion, above the Thomson Reuters consensus estimate for earnings of 78 cents a share on revenue of $6.84 billion.

-- Written by Robert Holmes in Boston.

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