NEW YORK ( TheStreet) -- Johnson & Johnson ( JNJ) said fourth-quarter earnings decreased about 12% to $1.94 billion, or 70 cents a share, from $2.21 billion, or 79 cents a share, a year earlier.

The company said fourth-quarter net earnings included after-tax charges of $922 million, representing the net impact of costs related to its DePuy ASR Hip recall. Excluding items, earnings came in at $1.03 a share.

Fourth-quarter sales fell about 5.5% to $15.64 billion from $16.55 billion.

Analysts, on average, were calling for earnings of $1.03 a share on revenue of $16.08 billion.

Share of J&J fell 1.6% to $61.23 in premarket trading Tuesday.

3M's ( MMM) earnings topped expectations as sales rose almost 10% to $6.7 billion.

The stock fell 1.7% to $88.75.

EMC ( EMC) said fourth-quarter net income rose 61% to $628.6 million, or 29 cents a share, from $390.6 million, or 19 cents a share, the year before. Consolidated revenue for the quarter rose 19% to $4.89 billion from $4.10 billion.

Non-GAAP earnings were 42 cents a share. The Wall Street consensus called for earnings of 41 cents a share on revenue of $4.78 billion.

Shares of EMC fell 1.8% to $23.40 in early trading Tuesday.

Harley-Davidson ( HOG) reported a fourth-quarter loss from continuing operations of $42.1 million, or 18 cents a share, from a year-earlier loss of $147.2 million, or 63 cents a share. Revenue rose 20% to $917.1 million from $764.5 million a year ago.

On average, analysts were expecting a loss of 30 cents a share on revenue of $863 million.

Harley-Davidson fell 2.7% to $35.50 in premarket trading.

DuPont's ( DD) fourth-quarter earnings topped estimates and the chemicals maker raised its forecast for 2011.

Shares of DuPont rose 0.6% to $49.20 in premarket trading Tuesday.

Travelers ( TRV) earned $894 million, or $1.95 a share, in the fourth quarter, vs. year-earlier earnings of $1.29 billion, or $2.36 a share. Fourth-quarter revenue fell 2% to $6.332 billion.

Analysts surveyed by Thomson Reuters expected Travelers to earn $1.67 a share in the fourth quarter on revenue of $5.27 billion.

The stock rose 2.5% to $57.

Verizon ( VZ) reported fourth-quarter net income of $2.64 billion, or 93 cents a share, up from $617 million, or 22 cents a share, a year earlier. Excluding special items, the earned 54 cents a share in the latest fourth quarter.

Revenue fell 2.6% to $26.395 billion from $27.09 billion the year before.

Analysts, on average, were expecting earnings of 55 cents a share on revenue of $26.47 billion.

Verizon fell 0.3% to $35.15 in early trading Tuesday.

Ericsson ( ERIC), the Swedish telecommunications equipment maker, said fourth-quarter earnings soared as sales jumped 8%.

The stock rose 4% to $12.20 in premarket trading.

VMware ( VMW) blew past Wall Street's fourth-quarter estimates after the market close on Monday as the software maker provided yet more evidence of the enterprise IT spending refresh. The company, however, says that its operating margin will remain flat in 2011.

The stock fell 4.8% to $83.50 in early trading.

Texas Instruments ( TXN) came in a penny ahead of Wall Street's profit view for its fourth-quarter results Monday but shares dipped in after-hours action as the chip maker's outlook offered some downside to current analyst expectations.

The stock fell 2.2% to $33.88.

Yahoo! ( YHOO) releases earnings Tuesday after the market closes, and is expected to report profit of 22 cents a share compared with 11 cents in the same quarter a year earlier. That would bring 2010 earnings to 87 cents a share on $4.6 billion in revenue. In 2009, it earned 42 cents a share on $4.7 billion in revenue.

The stock was up 0.6% to $16.18.

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-- Written by Andrea Tse in New York.

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