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THIS MORNING'S STOCKS
WEEK OF 4/2/01-4/6/01 |
4/6/01 |
AUTONOMY
CORP (AUTN, 8.38)- The maker of Internet infrastructure software
warned that its first quarter results will fall short of expectations.
The company now sees revenues falling to $14-$15 million from the fourth
quarter's $21.5 million, and expects to report earnings of four cents per
share. Analysts were looking for the company to earn five cents.
The company attributed the lowered forecast to "delays in IT
spending".
EXTREME NETWORKS (EXTR, 16.01)-
The maker of networking products warned that its third quarter results
will fall short of expectations due to slowing economic conditions.
The company now sees revenues of $110-$115 million, compared to analysts'
estimates of $160 million, and expects to report a loss of ($0.06)-($0.08)
per share. Analysts were looking for the company to earn 12 cents.
The company also said it will cut its workforce by 12%. The shares
fell 2.06 in after hours trading on the news.
GTECH HOLDINGS CORP (GTK, 27.50)-
The provider of services to the lottery industry beat estimates by a
penny as its fourth quarter earnings fell 8.1% to 80 cents per share,
excluding charges. Revenues in the quarter declined 8% to $245.9
million.
OCE N.V. (OCENY, 14)- The maker
of copying equipment and printers said its first quarter earnings fell to
29 cents per share from last year's 35 cents. Revenues in the
quarter rose 7% to $714 million. The company said 2001 earnings will
be flat with full year 2000's levels.
PCD INC (PCDI, 7)- The maker of
electronic connectors warned that its first quarter earnings will fall
short of expectations due to weakness in the semiconductor industry.
The company now sees revenues of $14.4 million, and earnings of
$0.03-$0.05 per share. Analysts were looking for the company to earn
nine cents.
REGIS CORP (RGIS, 15)- The
operator of hair care salons said its March same store sales rose 4%.
March total sales increased 19% to $120 million.
REMEDY INC (RMDY, 16)- The maker
of CRM products warned that its first quarter results will fall short of
expectations due to slowing economic activity and lower IT spending.
The company now sees revenues of $64-$65 million, and expects to post a
loss of ($0.05)-($0.07) per share. Analysts were looking for a
profit of 16 cents.
SYCAMORE NETWORKS (SCMR, 9.06)-
The maker of optical networking products warned that its third quarter
results will fall short of expectations. The company now sees
revenues of $50-$60 million, compared to analysts' estimates of $155
million, and expects to report a loss of ($0.16)-($0.19) per share.
Analysts were looking for a profit of five cents. The company also
said it will reduce its workforce by 140 employees and take a
restructuring charge of $140-$150 million. The shares tumbled 2.51
in after hours trading on the news.
TELLABS INC (TLAB, 41)- The maker
of telecom networking products warned that its first quarter results will
fall short of expectations due to lower spending by telecoms. The
company now sees revenues of $772 million and earnings of 29 cents per
share. Analysts were looking for revenues of $844 million and
earnings of 36 cents. The shares are down 5.32 in pre-open trading
on the news.
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4/5/01 |
ALCOA INC (AA, 35.55)- The
aluminum maker beat estimates by a penny as its first quarter earnings
slipped one cent to 46 cents per share. Revenues in the quarter rose
37% to $6.18 billion.
BED BATH & BEYOND (BBBY, 24.63)- The
home furnishings retailer beat estimates by a penny as its fourth quarter
earnings rose 29.4% to 22 cents per share. Revenues in the quarter
increased 31.1% to $746.1 million, and same store sales rose 4.9%.
DOLLAR TREE STORES (DLTR, 18.55)-
The variety store operator said its first quarter same store sales were
flat. First quarter total sales increased 18.4% to $387.3 million.
FOOTSTAR INC (FTS, 39.33)- The
footwear retailer said March same store sales fell 7.3%. March total
sales rose 11.2% to $224.8 million. The company warned that it
expects to post a first quarter loss of ($0.15)-($0.20) per share,
compared to analysts' expectations of a profit of five cents.
GUESS? INC (GES, 6.55)- The
apparel maker and retailer said March same store sales slumped
16.4%. March total sales edged up 0.4% to to $25.8 million.
HANCOCK FABRICS INC (HKF, 7.55)-
The fabric store operator said March same store sales fell 1.6%.
March total sales slipped 3.1% to $37.7 million.
INTERNATIONAL SPEEDWAY CORP (ISCA,
37)- The promoter of motorsports events beat estimates by three cents
as its first quarter earnings jumped 43.3% to 43 cents per share.
Revenues in the quarter increased 8.2% to $120.7 million.
SUPERIOR INDUSTRIES INT'L (SUP,
33.94)- The maker of aluminum wheels warned that its first quarter
earnings will fall short of expectations. The company now sees
earnings of 61 cents per share, compared to analysts' estimates of 63
cents.
SUPERVALU INC (SVU, 13.78)- The
food distributor and supermarket operator met expectations as its fourth
quarter earnings fell 11.5% to 46 cents per share. Revenues in the
quarter slipped 1% to $5.49 billion. The company also said it will
take an after tax charge of $1.16 per share to cover the cost of a planned
restructuring that will result in the elimination of 4500 jobs. The
company warned that it sees first quarter earnings of $0.43-$0.45 per
share, compared to analysts' expectations of 52 cents.
WEST MARINE INC (WMAR, 4.25)- The
boating supplies retailer said March same store sales fell 12.1%.
March total sales declined 10.6% to $44.1 million. The company
attributed the poor showing to bad weather and slowing economic activity.
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4/4/01 |
CLICK
COMMERCE
INC (CKCM, 6.28)- The maker of channel management software warned that
its first quarter results will fall short of expectations due to slowing
IT spending. The company now sees revenues of $11.5 million and
expects to post a loss of ($0.08)-($0.09) per share. Analysts were
looking for a loss of two cents.
COMMERCE ONE INC (CMRC, 5.61)-
The maker of e-marketplace products warned that its first quarter results
will fall short of expectations. The company now sees revenues of
$170 million and expects to post a loss of 11 cents per share.
Analysts were looking for a loss of four cents.
DESIGNS INC (DESI, 1.88)- The
apparel retailer said its fourth quarter loss narrowed to two cents per
share from last year's loss of 84 cents. Revenues in the quarter
increased 0.6% to $53 million, but same store sales fell 8.9%.
KNIGHT TRADING GROUP INC (NITE,
12.88)- The market maker warned that its first quarter earnings will
fall short of expectations. The company now sees earnings of
$0.18-$0.20 per share, compared to previous guidance of $0.32-$0.40.
The company attributed the shortfall to "a difficult market
environment".
TECUMSEH PRODUCTS CO (TECUA, 47.88)-
The maker of hermetic compressors warned that its first quarter earnings
will fall short of expectations. The company now sees earnings of
$0.68-$0.73 per share, compared to previous guidance of $0.90-$0.95.
TENET HEALTHCARE (THC, 44)- The
acute care hospital operator beat estimates by two cents as its third
quarter earnings rose 25% to 60 cents per share. Revenues in the
quarter rose 6.1% to $3.03 billion.
TWEETER HOME ENTERTAINMENT (TWTR, 19)-
The audio equipment retailer said its second quarter same store sales
increased 3.6%. Second quarter total sales jumped 36.8% to $117.8
million.
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4/3/01 |
ARIBA
INC (ARBA, 6.72)- The B2B software maker warned that its second
quarter results will fall short of expectations. The company now
sees revenues of $90 million, and expects to post a loss of 20 cents per
share. Analysts were looking for revenues of $170 million and
earnings of five cents. The company attributed the shortfall to
slowing economic growth and lower technology spending. The company
also said it will cut 700 jobs, or 33% of its workforce. The shares
are down 1.72 in pre-open trading on the news.
BEST BUY CO (BBY, 36.80)- The
electronics retailer beat expectations by four cents as its fourth quarter
earnings rose 14.1% to 89 cents per share. Revenues in the quarter
increased 27% to $5.46 billion, and gross margins improved to 20.4% from
last year's 18.8%. The company said it sees fiscal 2002 earnings of
$2.15-$2.20 per share, compared to analysts' estimates of $2.08. The
shares are up 3.70 in pre-open trading on the news.
BROADVISION INC (BVSN, 4.50)- The
maker of e-commerce software warned that its first quarter results will
fall short of expectations due to slower IT spending. The company
now sees revenues of $85-$90 million, and expects to report a loss of
($0.14)-($0.16) per share. Analysts were looking for a profit of two
cents. The company also said it will cut 325 jobs, or 15% of its
workforce. The shares have tumbled 1.37 to 3.13 in pre-open trading
on the news.
ENTRUST TECHNOLOGIES (ENTU, 7)-
The maker of Internet security software warned that its first quarter
results will fall short of expectations due to weak IT spending. The
company now sees revenues of $31-$32 million, compared to previous
forecasts of $50-$51 million, and expects to post a loss of
($0.32)-($0.34) per share. Analysts were looking for the company to
earn two cents. The shares have tumbled 2.50 in pre-open trading to
4.50 on the news.
INKTOMI CORP (INKT, 6.22)- The
maker of Internet infrastructure software warned that its second quarter
results will fall short of expectations due to slowing economic conditions
in the U.S. and Europe. The company now sees revenues of $36-$38
million, and expects to report a loss of ($0.23)-($0.25) per share.
Analysts were looking for revenues of $63-$67 million and a loss of
two cents. The company also said it will reduce its workforce by 250
workers, or 25%. The shares are down 1.97 to 4.25 in pre-open
trading on the news.
REDBACK NETWORKS (RBAK, 11.79)-
The maker of broadband networking products warned that its first quarter
results will fall short of expectations due to weakness in the telecom
industry. The company now sees revenues of $85-$90 million in the
quarter, compared to analysts' estimates of $130 million. The
company said it will cut its workforce by 12%, or 150 jobs. The
shares are down 2.54 in pre-open trading on the news.
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4/2/01 |
DREYERS
GRAND ICE CREAM (DRYR, 25.94)- The ice cream maker warned that its
first quarter earnings will fall short of expectations due to higher costs
for dairy ingredients and energy. The company now sees a loss of
($0.17)-($0.19) per share, compared to analysts' estimates of a breakeven
quarter.
EBIX.COM INC (EBIX, 0.63)- The
operator of an Internet insurance marketplace said its fourth quarter loss
narrowed to 23 cents per share from last year's loss of 72 cents.
Revenues in the quarter increased to $3 million from last year's $2.1
million. The company's year end cash position fell to $3 million
from the prior year's $7 million.
ELECTRONIC DATA SYSTEMS (EDS, 55.86)-
The provider of outsourced IT services has agreed to acquire Germany's
Systematics AG for $570 million in a cash and stock deal. The
company expects the deal to be accretive to its 2002 earnings.
GOLDEN STATE BANCORP (GSB, 27.88)-
The California bank holding company will join the S&P MidCap 400 Index
after today's close.
INVESTORLINKS.COM INC (IVLKF, 0.13)-
The financial web site operator reported nine-month revenues of
$186,989. The company said it lost eight cents per share, or $1.494
million during the period.
ZAPATA CORP (ZAP, 16.40)- The
maker of marine protein products and food packaging (and majority owner of
Zap.com) said its full year loss widened to $10.88 per share from last
year's loss of $8.51. Full year revenues fell to $84.1 million from
the prior year's $93.7 million.
ZAP.COM (ZPCM, 0.25)- The
Internet company reported full year revenues of $325 [editor's note:
that revenue figure is not a typo, it actually is
three-hundred-twenty-five dollars for the entire year...], and a net
loss of $4.96 million (10 cents per share). The company closed down
its network of web sites in December after the company's directors "concluded
that the Company's operations were not likely to become profitable in the
foreseeable future...".
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