Home Up sto032000
Co-brand
Partnerships
| |
|
THIS MORNING'S STOCKS
WEEK OF 3/13/00-3/17/00 |
3/17/00 |
ADOBE SYSTEMS (ADBE,
94.43)- The maker of graphics software beat estimates by four cents as
first quarter earnings rose 56.6% to 47 cents per share, excluding
charges. Revenues increased 24% to $282.2 million in the quarter.
The shares fell 5.18 in after hours trading on the news.
ANALOGIC CORP (ALOG,
43.25)- The medical instruments maker missed estimates by 20 cents as
second quarter earnings fell to nine cents per share from last year's 44
cents. Revenues slipped 9% to $66.47 million in the quarter.
CAREY DIVERSIFIED (CDC,
16.68)- The property owner said fourth quarter funds from operations
rose to 53 cents per share from last year's 51 cents.
CUMULUS MEDIA (CMLS,
16.94)- The radio station operator missed estimates by two cents as
its fourth quarter loss widened to 20 cents per share from last year's
loss of 15 cents. Revenues in the quarter rose 56.1% to $55.7
million. The company said broadcast cash flow margins fell to 22.6%
from the prior year's 27.8%.
HIBBETT SPORTING GOODS (HIBB,
17.13)- The sporting goods retailer beat estimates by a penny as
fourth quarter earnings rose 46.4% to 41 cents per share. Revenues
climbed 20.2% to $49.9 million in the quarter, and same store sales
increased 4.3%.
JABIL CIRCUIT INC (JBL,
82.38)- The contract electronics manufacturer met expectations as
second quarter earnings rose 52% to 37 cents per share. Second
quarter revenues rose 50% to $837.6 million. The company also
announced a 2 for 1 stock split.
LODGIAN INC (LOD,
3.63)- The operator of 131 hotels warned that fourth quarter earnings
will fall short of expectations. The company now sees a loss of
greater than $0.12-$0.14 per share.
MINE SAFETY APPLIANCE (MSA,
61.68)- The maker of workplace safety products announced a 3 for 1
stock split.
NIKE INC (NKE,
33.88)- The athletic shoe maker beat estimates by a penny as third
quarter earnings rose 18% to 52 cents per share. Revenues fell 1% to
$2.16 billion in the quarter, but gross margins improved to 40.5% from
last year's 37.3%. The company said worldwide futures orders
increased 4% to $3.9 billion.
SCHOLASTIC CORP (SCHL,
54.88)- The publisher of educational books beat estimates by five
cents as third quarter earnings rose to 11 cents per share from last
year's $0.01. Revenues rose 17% to $312.8 million in the quarter.
SILICON VALLEY BANCSHARES (SIVB,
80.5)- The bank holding company announced a 2 for 1 stock split.
THE PEP BOYS (PBY,
6.94)- The auto parts retailer missed expectations by 13 cents as its
fourth quarter loss narrowed to 15 cents per share, excluding a charge of
$0.06, from last year's loss of 31 cents. Revenues in the quarter
fell 1.5% to $554.98 million, and same store sales dropped 3.8%. |
3/16/00 |
7-ELEVEN INC (SVEV,
3.22)- The convenience store retailer reported a 10.7% rise in
February same store sales. The company said merchandise sales
increased 12.7% to $480.3 million in February.
ARI NETWORK SERVICES (ARIS,
9)- The maker of B2B e-commerce software said its second quarter loss
widened to 26 cents per share from last year's loss of 21 cents.
Second quarter revenues increased 26% to $3.8 million.
BURLINGTON COAT FACTORY (BCF,
13.31)- The off-price apparel retailer beat estimates by four cents as
third quarter earnings increased 44% to 72 cents per share. Revenues
in the quarter rose 18.2% to $693.8 million, and same store sales
increased 7%.
CORNING INC (GLW,
170)- The fiber optics maker expects first quarter earnings to exceed
the current consensus estimate of 48 cents per share. The company
now sees earnings of $0.53-$0.55 in the quarter. The company
attributed the raised forecast to strong demand for its LEAF fiber optic
products.
CORRECTIONAL SERVICES CORP (CSCQ,
4.63)- The operator of correctional facilities missed estimates by a
penny as fourth quarter earnings rose to 17 cents per share from last
year's loss of 57 cents. Revenues were essentially flat at $53.6
million.
COST PLUS INC (CPWM,
25)- The retailer beat estimates by two cents as fourth quarter
earnings rose 22.4% to 82 cents per share. Revenues in the quarter
rose 25.6% to $167.5 million, and same store sales increased 8.1%.
EGAIN COMMUNICATIONS (EGAN,
52)- The maker of Internet customer management software agreed to
acquire Inference Corp (INFR,
10) in a $78.6 million deal. Under the terms of the deal,
Inference shareholders will receive 0.1865 shares of EGAN for each INFR
share held.
ELECTRO SCIENTIFIC INDUSTRIES (ESIO,
61.68)- The maker of laser products used in semiconductor
manufacturing beat estimates by four cents as third quarter earnings rose
to 43 cents per share from last year's three cents. Revenues in the
quarter increased to $82.1 million from last year's $51.5 million.
MACDERMID INC (MRD,
31.50)- The chemicals maker warned that fourth quarter earnings will
fall short of the current consensus estimate of 50 cents per share.
The company attributed the lowered forecast to slower than expected
results in its U.S. Surface Finishing line of products.
MARK IV INDUSTRIES (IV,
19.50)- The maker of power transmission and fluid management products
beat estimates by four cents as fourth quarter earnings rose 28% to 41
cents per share. Revenues increased 15.1% to $492.2 million in the
quarter. |
3/15/00 |
1-800-CONTACTS (CTAC,
26.50)- The contact lens seller said it expects first quarter earnings
to exceed the current consensus estimate of nine cents per share.
The company now sees earnings of 20 cents in the quarter. The
company also announced a 500,000 share buyback.
ALBERTSONS INC (ABS,
24.50)- The supermarket operator beat estimates by three cents as
fourth quarter earnings fell to 73 cents per share, excluding merger
related charges, from last year's 75 cents. Revenues rose 5.7% to
$9.9 billion in the quarter, and same store sales rose 2.4%. The
company warned that first quarter earnings will all short of expectations
due to store divestures and continued merger related integration
expenses. The company now sees first quarter earnings of 53 cents
per share, compared to analysts expectations of 58 cents.
ARCH COAL INC (ACI,
8.88)- The coal miner warned that a mine shutdown will lower first
quarter earnings by $0.25-$0.35 per share. Analysts were looking for
the company to earn three cents in the quarter.
ATG INC (ATGC,
6)- The provider of hazardous waste treatment services missed
estimates by five cents as fourth quarter earnings fell 20% to 12 cents
per share. Revenues rose 3% to $15 million in the quarter. The
company attributed the lower than expected results to a project delay,
rain delays, and the slow ramp up of its Safglas business.
BRADLEES INC (BRAD,
16.50)- The discount retailer beat estimates by 15 cents as fourth
quarter earnings improved to $1.69 per share. Revenues in the
quarter increased to $479.7 million from last year's $441.9 million, and
same store sales rose 7%.
EBAY INC (EBAY,
211)- The online auction house is reportedly in discussing a merger of
alliance with Yahoo Inc (YHOO,
168.88), according to rumors reported by cable operator CNBC.
eBay shares soared 28.38 in after hours trading on the rumor.
HOT TOPIC INC (HOTT,
22.31)- The apparel retailer beat estimates by six cents as fourth
quarter earnings rose 85% to 72 cents per share. Revenues climbed
64% to $59.9 million in the quarter, and same store sales increased
27.1%. The shares rose 1 in after hours trading on the
news.
KEMET CORP (KEM,
68.50)- The maker of ceramic capacitors said it expects fourth quarter
earnings to be 40%-45% above the current consensus estimate of 52 cents
per share. The company attributed the raised expectations to strong
demand.
LHS GROUP INC (LHSG,
39.63)- The maker of wireless billing software has agreed to be
acquired by the U.K.'s Sema Group plc for $69.70 per share in a $4.7
billion all-stock deal. Under the terms of the deal, LHS Group
shareholders will receive 2.6 new Sema shares for each LHSG share
held. Sema expects the deal to be accretive to earnings, excluding
goodwill.
MIRAVANT MEDICAL TECHNOLOGIES (MRVT,
19)- The drug development company said its fourth quarter loss
narrowed to 33 cents per share from last year's 44 cents.
ORACLE CORP (ORCL,
77)- The maker of database software beat estimates by four cents as
third quarter earnings rose 80% to 17 cents per share. Revenues
increased 14.3% to $2.4 billion in the quarter. Database sales rose
32% in the quarter, and consulting and support revenues increased
10%. Operating margins rose to 31.4% from last year's 19.6%.
The shares rose 6.63 in after hours trading on the better than expected
results.
RAVISENT TECHNOLOGIES (RVST,
18.25)- The maker of digital video and Internet software missed
expectations as it reported a fourth quarter loss of 12 cents per
share. Analysts were looking for a profit of 8 cents in the
quarter. Revenues tumbled to $5.7 million from last year's $12.5
million. The shares fell 4.13 in after hours trading on the news.
SAKS INC (SKS,
14.25)- The department store operator missed estimates by a penny as
fourth quarter earnings rose one cent to 98 cents per share, excluding
one-time items. Revenues increased 3.8% to $2.037 billion in the
quarter. The company said it expects revenues of $6.725 billion and
same store sales growth of 3%. The company sees 2000 earnings of
$1.80-$1.85 per share, in line with analysts' expectations.
TYSON FOODS INC (TSN,
9.31)- The poultry and tortillas maker warned that second quarter
earnings will fall short of expectations due to lower than expected
domestic demand, inclement weather, and problems arising from the
bankruptcy filing of a major customer. The company now sees earnings
of $0.14-$0.16 per share in the quarter. Analysts were looking for
27 cents. |
3/14/00 |
ADAPTIVE BROADBAND (ADAP,
179.13)- The networking company announced a 2 for 1 stock split.
The shares, which had tumbled 29.31 in regular hours trading, gained 4.88
in after hours trading on the news.
BIOMET INC (BMET,
28.06)- The medical devices make met expectations as third quarter
earnings rose 19% to 38 cents per share. Revenues in the quarter
increased to $232.9 million from last year's $209.7 million.
BURMAH CASTROL PLC (BURMY,
32)- The motor oil producer has agreed to be acquired by BP Amoco
PLC (BPA,
51.56) for $4.7 billion .
EQUANT NV (ENT,
114.75)- The data network operator beat fourth quarter estimates by
two cents as earnings doubled from the prior year to eight cents per
share. Revenues rose 50.8% to $327.4 million in the quarter.
LANIER WORLDWIDE (LR,
2.63)- The maker of document management products warned that third
quarter earnings will fall short of expectations. The company now
sees earnings of breakeven to three cents per share. Analysts were
looking for 15 cents. The company attributed the shortfall to
pricing pressures, lower sales of used equipment, and the strength of the
dollar against the Euro.
LONDON PACIFIC GROUP LTD (LDP,
128)- The financial services company announced a 4 for 1 split of its
ADSs.
PAXSON COMMUNICATIONS (PAX,
9.38)- The TV station operator said fourth quarter revenues increased
88.7%, and 39% sequentially, to $80.7 million in the quarter.
QUALITY DINING (QDIN,
2.97)- The restaurant operator's board has rejected a $5 per share
buyout proposal.
SERENA SOFTWARE (SRNA,
58.25)- The enterprise software maker announced a 3 for 2 stock
split. The shares jumped 7.56 in after hours trading on the news.
SOLECTRON CORP (SLR,
35.81)- The electronics manufacturer met expectations as second
quarter earnings climbed 49.1% to 38 cents per share, excluding
charges. Revenues rose 32.4% to $2.9 billion in the quarter.
STATION CASINOS (STN,
19.19)- The gaming company said first quarter earnings will beat
current analysts' expectations of 33 cents per share by 30%.
URS CORP (URS,
13)- The provider of engineering services met expectations as first
quarter earnings increased 14% to 40 cents per share. Revenues rose
to $512.9 million from last year's $199.1 million.
ZANY BRAINY (ZANY,
6.50)- The toy retailer beat estimates by two cents as fourth quarter
earnings rose 41% to 55 cents per share. Revenues increased 41% to
$109.8 million in the quarter, and gross margins improved to 35.5% from
last year's 33.3%. The company said same store sales rose 1% in the
quarter. The shares gained 1.25 in after hours trading on the news. |
3/13/00 |
ASPECT DEVELOPMENT (ASDV,
170)- The software maker has reportedly agreed to be acquired by B2B
software maker I2 Technologies (ITWO,
208) for $9.3 billion in an all-stock deal, according to the Wall
Street Journal.
ETHYL CORP (EY,
3.06)- The specialty chemicals maker warned that first quarter
earnings will fall short of expectations. The company now sees
earnings in the "low single digit range", compared to analysts'
expectations of 10 cents. The company attributed the shortfall to
rising raw materials costs and lower shipments in its tetraethyl lead
business.
HB FULLER CO (FULL,
51.5)- The maker of adhesives and sealants warned that first quarter
results will be flat with the prior year's 67 cents per share.
Analysts were looking for the company to earn 90 cents in the
quarter. The company attributed the lowered forecast to price
competition, lower margins, and the dollar's strength against European
currencies.
HOLLY CORP (HOC,
12.88)- The oil refiner said its second quarter loss widened to 59
cents per share from last year's loss of 22 cents. Revenues rose to
$218.4 million from $120.7 million in last year's second quarter.
The company attributed the increased loss to a 31.5% drop in refinery
margins.
INTERTAPE POLYMER GROUP (ITP,
22.50)- The maker of plastic and paper packaging products warned that
it will report a fourth quarter loss due to lower than expected
sales. Analysts were looking for a profit of 35 cents in the
quarter.
NEFF CORP (NFF,
7.13)- The equipment rental company missed estimates by two cents as
it reported a fourth quarter loss of two cents per share, compared to last
year's profit of 12 cents. Revenues fell 5.1% to $93.5 million in
the quarter.
PREMIER LASER SYSTEMS (PLSIA,
1)- The optical laser systems maker filed for Chapter 11 bankruptcy
protection. TIMES MIRROR CO (TMC,
47.94)- The newspaper publisher has reportedly agreed to be acquired
by Tribune Co (TRB,
37.19) in a $7.8 billion cash and stock deal, according to the Los
Angeles Times. |
|
DISCLAIMER |
|