Closing Bell: FOMC help & no help ( CMSCA, GRMN, PHM, JAVA, TWX)

Comcast Corporation (NASDAQ: CMCSA) managed to beat earnings at $0.28 vs $0.25 estimates, but shares slid on subscriber metrics this morning and as revenue was in-line with estimates. No news was released on any deal with GE over NBC Universal. Shares were down 3% at $14.02.

Garmin Ltd. (NASDAQ: GRMN) was the disappointment of the day after it beat earnings estimates on the week after the Google Navigation launch. The company posted $1.02 EPS and $781 million in revenues with improved margins. Shares gapped higher but short sellers won as shares went down 14% to $26.69.

Sun Microsystems Inc. (NASDAQ: JAVA) may have another road block in the Oracle buyout as the EU is apparently listing formal objections. That is not an outright blockage and the shares did recovery handily off last night's lows when th stock was down almost 10%. Shares were off less than 1% at $8.32.

Pulte Homes Inc. (NYSE: PHM) was a huge surprise despite that the housing recovery might not be in the numbers yet. Its earnings were -$1.15 EPS rather than -0.89 estimates. Revenue was down 30% to $1.09 billion, also under the estimates of $1.23B as housing continues its transition toward more stable market conditions as lower prices and historically low mortgage rates are helping to support homebuyer demand. It also noted that challenges remain. Shares were up 4% at $9.60.

Time Warner Inc. (NYSE: TWX) was up and down throughout the day after the media giant beat its earnings projections. The company reported $0.61 EPS on $7.13 billion in revenues versus estimates of $0.53 EPS $7.08B. The company sees 2009 EPS around $2.05 or better versus consensus of $2.03. Shares were down 0.2% at $30.09.