Susquehanna Bancshares Inc. (SUSQ: chart), financial services company, reported fourth-quarter net earnings of $21.4 million, or 41 cents per share, down 23% from $27.7 million, or 59 cents per share, in the year-ago period. Net interest income rose to $63.8 million from $62.2 million last year, while return on average assets fell to 1.05% from 1.47% and return on average equity fell to 9.09% from 14.26%.

Virginia Commerce Bancorp Inc. (VCBI: chart), financial services company, said that its fourth-quarter earnings rose 15% to $6.4 million, or 28 cents per share, compared with $5.6 million, or 25 cents per share, in the year-earlier period. Net interest income rose 13% to $17.8 million versus $15.8 million, while the net interest margin narrowed to 3.84% from 4.34%.

BlackRock Inc. (BLK: chart), asset manager, said that its fourth-quarter net income jumped to $169 million, or $1.28 per share, from $72.9 million, or $1.09 per share, on solid organic growth, favorable market conditions and the realization of synergies from its deal to merge with Merrill Lynch Investment Managers. Adjusting for 25 cents per share of integration costs and 8 cents per share from retention and incentive plans, adjusted earnings increased 33% to $1.61 per share. Assets under management rose 4.6% since the end of the third quarter to $1.125 trillion.

PNC Financial Services Group Inc. (PNC: chart), financial services company, said that its fourth-quarter earnings rose 5.9% to $376 million, or $1.27 per share, from $355 million, or $1.20 per share, in the year-earlier quarter. Excluding the costs of integrating BlackRock/MLIM, the latest quarter''s profit was $1.30 per share. Net interest income rose 0.5% to $571 million while the net interest margin narrowed to 2.88% from 2.96%. Return on equity narrowed to 13.82%, or an adjusted 14.1%, from 16.91%.

Xerox Corp. (XRX: chart), copier and printer maker, reported a 24% decrease in fourth-quarter profit, but said profit on an adjusted basisincreased. The fourth-quarter net income dropped to $214 million, or 22 cents per share, compared with $282 million, or 28 cents per share. Stripping out 16 cents per share in restructuring charges, adjusted earnings rose 19% to 38 cents a share, while revenue rose 3% to $4.4 billion from $4.25 billion in the previous year.

Tellabs (TLAB: chart), telecom networking company, said that its fourth-quarter earnings fell to $29 million, or 7 cents per share, compared with $92 million, or 20 cents per share, in the same period a year ago, hurt by consolidation among telecommunications carriers. Excluding special charges, the company would have earned 10 cents per share in the quarter, down from 22 cents. Revenue fell 13% to $455 million versus $521 million a year earlier.

D.R. Horton Inc. (DHI: chart), homebuilder by deliveries, said that its first-quarter earnings fell to $109.7 million, or 35 cents per share compared with $310.1 million, or 98 cents per share, a year earlier. The results for the quarter include an 8 cents per share charge for cost of sales, inventory impairments and a 7 cents per share charge for write-off of deposits and land pre-acquisition costs. Revenue declined to $2.76 billion versus last year''s $2.79 billion.

Coach Inc. (COH: chart), engages in the design and marketing of handbags and accessories, said that its fiscal second-quarter net income increased to $227.5 million, or 61 cents per share, compared with $174.2 million, or 45 cents per share, in the year-ago period. Revenue climbed to $836.4 million versus $650.3 million in the same quarter a year earlier.

Rayonier (RYN: chart), forest products maker, said that its fourth-quarter profit declined 2% to $55.3 million, or 71 cents per share, compared with a profit of $56.4 million, or 73 cents per share, in the prior year. The company''s profit from operations in the latest three months was 64 cents per share. Revenue climbed to $328.5 million versus $315.9 million in the same period last year.

Johnson & Johnson (JNJ: chart), health care company, said fourth-quarter net income increased to $2.17 billion, or 74 cents per share, compared with $2.1 billion, or 70 cents per share in the year-ago quarter. Sales to customers jumped to $13.68 billion from $12.61 billion a year earlier.

EMC Corp. (EMC: chart), information-management vendor, said that its fourth-quarter earnings increased to $389 million, or 18 cents per share compared with $148 million, or 6 cents per share, in the same period a year ago. Revenue increased by 19% to $3.215 billion in the quarter versus $2.71 billion in the same quarter a year earlier.

United Technologies (UTX: chart), makes air conditioners, elevators and aircraft engines, said that its fourth-quarter earnings increased to $865 million, or 87 cents per share, compared with a year-ago profit of $626 million, or 62 cents per share. The latest quarter includes restructuring costs of $82 million and a boost of 2 cents per share from foreign currency translation while year-ago results reflect a loss of 9 cents per share from a change in accounting principle. Revenue climbed 14% to $12.79 billion versus $11.26 billion in the same period a year earlier.