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THIS MORNING'S STOCKS
WEEK OF 3/05/01-3/09/01 |
3/09/01 |
ACTEL
CORP (ACTL, 22)- The maker of programmable logic devices warned that
its first quarter results will fall short of expectations. The
company now sees revenues falling 20% sequentially to $48 million, and
expects to report earnings of $0.27-$0.29 per share. Analysts were
looking for the company to earn 36 cents. The company also said it
expects full year revenues to fall 15%.
NAVISITE INC (NAVI, 1.91)- The
provider of web hosting services missed estimates by five cents as its
second quarter loss widened to 54 cents per share from last year's loss of
21 cents. Revenues in the quarter rose 201%, and 6.5% sequentially,
to $27.7 million. The company warned that its third quarter results
will fall short of expectations. The company now sees a loss of
($0.55)-($0.58) per share, compared to analysts' estimates of a loss of 46
cents.
PRE-PAID LEGAL SERVICES (PPD, 18.11)-
The provider of legal service plans warned that its first quarter results
will fall short of expectations due to below plan associate recruitment
and membership enrollments. The company said it sees earnings rising
20% to $0.60-$0.62 per share. Analysts were looking for the company
to earn 65 cents.
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3/08/01 |
AMERICAN
EAGLE OUTFITTERS (AEOS, 27.68)- The apparel maker and retailer said
February same store sales fell 4.5%. February total sales rose 31.8%
to $61.1 million. The shares are up 0.32 in after hours trading on
the news.
BEST BUY CO (BBY, 41.50)- The
electronics retailer said fourth quarter revenues increased 26% to $5.45
billion, and same store sales rose 1.8%.
GEMSTAR-TV GUIDE INTL (GMST, 47.81)-
The entertainment media company beat estimates by three cents as fourth
quarter EBITDA earnings rose 44% to 25 cents per share. Consolidated
revenues in the quarter slipped 1% to $358.1 million.
HOT TOPIC INC (HOT, 24.13)- The
music-orientated apparel retailer said February same store sales jumped
10%. February total sales increased 45% to $18.3 million.
MICHAELS STORES (MIKE, 30.75)-
The crafts retailer beat estimates by 10 cents as its fourth quarter
earnings rose 7.8% to $1.52 per share. Revenues in the quarter
increased 21% to $815.5 million, and same store sales climbed 4%.
The shares rose 1 point in after hours trading on the news.
NEFF CORP (NFF, 1.00)- The
provider of equipment rental services said its fourth quarter loss widened
to 46 cents per share from last year's loss of two cents. Revenues
in the quarter declined 1.7% to $65.9 million.
SAKS INC (SKS, 12.30)- The
department store operator said February same store sales fell 1.3%.
February total sales slipped 0.1% to $414.1 million.
TJX COMPANIES (TJX, 31.99)- The
off-price retailer said February same store sales fell 1%. February
total sales increased 7% to $647 million.
YAHOO INC (YHOO, 20.94)- The
Internet portal warned that first quarter and full year results will fall
short of previously lowered estimates. The company now sees
breakeven first quarter and full year earnings, compared to analysts'
estimates of five cents per share and 37 cents, respectively. The
company lowered its first quarter revenue guidance to $170-$180 million
from the previous $230 million. The company also said CEO Tim Koogle
will resign. The company said it plans to begin a $500 million stock
buyback.
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3/07/01 |
ALBANY
MOLECULAR RESEARCH (AMRI, 47.09)- The provider of chemistry research
and drug discovery services beat estimates by two cents as its fourth
quarter earnings rose 83% to 22 cents per share. Revenues in the
quarter rose 57% to $19.2 million. The shares rose 2.91 in after
hours trading on the news.
AMERICAN SKIING CO (SKI, 1.19)-
The operator of ski and golf resorts beat estimates by 10 cents as its
second quarter loss narrowed to 34 cents per share from last year's loss
of 50 cents. Revenues in the quarter increased 23.5% to $156.3
million.
BEAR STEARNS CO (BSC, 54.59)- The
brokerage company cut 400 jobs, or 3% of its workforce, in a cost cutting
move. The company also warned that it may miss analysts' third
quarter earnings estimates of $1.38 per share. The shares fell 1.59
in after hours trading on the news.
COCA-COLA BOTTLING CO (COKE, 40.50)-
The soft drink bottler said its full year earnings rose to 72 cents per
share from last year's 38 cents. Full year revenues increased 2.3%
to $995.1 million.
CTS CORPORATION (CTS, 37.90)- The
maker of electronic components warned that first quarter and full year
results will fall short of expectations. The company sees first
quarter revenues declining 7%-12% from last year's first quarter, and
expects to report a profit of $0.04-$0.08 per share. Analysts were
looking for the company to earn 69 cents. The company now sees full
year earnings of $2.10-$2.40 per share, compared to analysts' estimates of
$3.24. The company attributed the shortfall to sharply lower
consumer and capital spending.
EAGLE POINT SOFTWARE (EGPT, 4.50)-
The software maker said one of its founders has offered to buy the company
for $6.40 per share.
JDS UNIPHASE CORP (JDSU, 28)- The
maker of fiber optic equipment warned that third and fourth quarter
results will fall short of expectations. The company now sees third
quarter revenues of $925 million and earnings of 14 cents per share,
compared to analysts' estimates of revenues of $975 million-$1 billion and
earnings of 17 cents. The company said it expects fourth quarter
earnings to improve slightly from the third quarter's levels. The
shares fell 1.03 in after hours trading on the news.
PACIFIC SUNWEAR OF CALIFORNIA (PSUN,
27.00)- The casual apparel retailer beat estimates by a penny as its
fourth quarter earnings rose 16.3% to 43 cents per share. Revenues
in the quarter jumped 38.4% to $181.2 million, and same store sales
increased 5.2%. Separately, the company said February same store
sales dipped 1.1%. February total sales increased 34.6% to $36.2
million. The shares fell 1.50 in after hours trading on the news.
RENAL CARE GROUP (RCGI, 27.43)-
The operator of kidney dialysis centers met expectations as its fourth
quarter earnings rose 9.7% to 34 cents per share. Revenues in the
quarter increased 19% to $164.2 million.
TOFUTTI BRANDS INC (TOF, 2.05)-
The maker of dairy-free frozen desserts said its full year earnings rose a
penny to 15 cents per share. Full year revenues increased 12% to
$13.34 million.
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3/06/01 |
ANAREN MICROWAVE (ANEN,
17.97)- The maker of microwave compenents for wireless products warned
that its third quarter earnings will fall short of expectations due to
slowing conditions in the wireless industry. The company now sees
revenues of $22-$24 million and earnings of $0.12-$0.14 per share.
Analysts were looking for the company to earn 18 cents. The shares
rose 1.03 in after hours trading on the news.
JD EDWARDS & CO (JDEC, 9.75)-
The enterprise software maker beat estimates by a penny as it reported
breakeven earnings, flat with the prior year's results. Revenues in
the quarter slumped 6% to $217.7 million. The company warned that it
sees full year earnings of $0.20-$0.25 per share, compared to analysts'
expectations of 27 cents.
PHILLIPS VAN HEUSEN (PVH, 15.25)-
The apparel maker beat estimates by two cents as its fourth quarter
earnings jumped 140% to 24 cents per share. Revenues in the quarter
increased 25.9% to $374 million.
XILINX INC (XLNX, 43.25)- The
chipmaker warned that fourth quarter results will fall short of estimates
due to slower order bookings and increased order cancellations. The
company said revenues in the quarter could fall by up to 15% sequentially
from the third quarter's $450 million. Analysts were looking for
revenues of $480 million. The shares slipped 0.25 in after hours
trading on the news.
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3/05/01 |
ARMOR HOLDINGS INC (AH, 14.90)- The
provider of security management services will join the S&P SmallCap
600 Index after Monday's close.
FREEREALTIME.COM INC (FRTI, 0.31)-
The operator of financial web sites said it will seek strategic
alternatives to enhance shareholder value, including the possible sale of
some or all of the companies web sites. The company also announced
the resignation of its CEO Geoffrey Moore and two members of its Board of
Directors.
IGO CORPORATION (IGOC, 1.15)- The
maker of wireless accessories warned that first quarter results will fall
short of expectations due to slowing sales. The company now sees
revenues of $9-$10 million in the quarter, and expects to report a loss of
$4.2-$4.8 million. Analysts were looking for a loss of 15 cents per
share.
MOTHERS WORK INC (MWRK, 8)- The
maker and retailer of maternity apparel said February same store sales
fell 3.4%. February total sales increased 3.3% to $27.9
million. The company said the economic slowdown "will have a
detrimental effect on earnings".
UNITED PARCEL SERVICE (UPS, 56.94)- The
provider of package delivery services has agreed to acquire Mail Boxes Etc
from U.S. Office Products (OFIS, 0.075) for an undisclosed amount
in an all-cash deal.
UPS
OFIS
WALT DISNEY CO (DIS, 29.99)- The
entertainment company has reportedly acquired the rights to the Winnie The
Pooh character for $350 million, according to the UK's The Sunday Times.
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