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In the news: Earnings from Procter & Gamble, Honeywell, Starbucks and more

Earnings continue to dominate the news this morning with results from Proctor & Gamble, Samsung, Starbucks, Honeywell and Halliburton. Also making headlines this morning is Cisco's decision to sell its home-networking business to Belkin.

Procter & Gamble
Consumer stables maker Procter& Gamble (PG) reported adjusted EPS of $1.22 per share on revenue of $22.18 billion. Analysts had expected $1.11 per share on sales of $21.91 billion. The company also raised its guidance for the full year to $3.97 per share to $4.07 per share.

Samsung
Samsung reported a 76% increase in profit for the fourth quarter. The report comes a day after Apple (AAPL) shares saw a huge drop after the company turned in a disappointing quarterly report. The fourth quarter was the fourth quarter in a row that Samsung's Galaxy phones outsold phones from Apple.

Starbucks
Expensive coffee chain Starbucks (SBUX) reported earnings of 57 cents per share on sales of $3.8 billion. Analysts had expected 57 cents on revenue of $3.85 billion. The company also affirmed its previous guidance, which calls for earnings growth of 15 to 20 percent for 2013.

Cisco
Cisco Systems (CSCO) plans to sell its Linksys home-networking unit to Belkin. The company acquired Linksys for about $500 million in 2003. Terms of the sale to Belkin, which is expected to close in March, were not disclosed.

Honeywell
Defense contractor Honeywell (HON) reported adjusted EPS of $1.10 per share on sales of $9.58 billion. Analysts had expected the company to earn $1.09 per share. The company also confirmed its full-year guidance of $4.75 to $4.95 per share.

Halliburton
Oil services firm Halliburton (HAL) reported adjusted EPS of 67 cents per share on revenue of $7.29 billion. Analysts had expected EPS of 61 cents on revenue of $7.06 billion. Results during the quarter were impacted by the continuing fallout from the 2010 Gulf of Mexico oil spill as well as acquisitions and seasonal slowdowns in North America.

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.