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THIS MORNING'S STOCKS
WEEK OF 4/9/01-4/13/01 |
4/13/01 |
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4/12/01 |
CHILDRENS PLACE RETAIL
STORES (PLCE, 25)- The children's apparel retailer said March same
store sales fell 9%. March total sales rose 23% to $64.9 million.
The company said its sales were negatively impacted by bad weather and
slowing economic activity. The company warned that it expects first
quarter earnings to be above last year's 36 cents per share, but below
analysts' expectations of 46 cents. The shares are down 4.25 in
pre-open trading on the news.
CUMMINS INC (CUM, 36.95)- The
diesel engine maker beat estimates by eight cents as it reported a first
quarter loss of 68 cents per share, compared to last year's profit of
$1.09. The company warned that it sees full year earnings of 90
cents per share, compared to analysts' estimates of $1.14.
GYMBOREE CORP (GYMB, 9.50)- The
children's apparel retailer said March same store sales jumped 52%.
March total sales increased 49% to $50.3 million. The company warned
that it sees first quarter earnings of $0.01-$0.03 per share, compared to
analysts' expectations of six cents.
JUNIPER NETWORKS INC (JNPR, 42.76)-
The maker of IP networking products met expectations as its first quarter
earnings rose to 25 cents per share from last year's three cents.
Revenues in the quarter jumped 420% to $332.1 million. The shares
are up 1.72 in pre-open trading on the news.
KOZMO.COM (-, -)- The Internet
retailer said it would immediately cease operations and layoff
all 1,100 of its employees. The company burned through $280
million in venture capital during its three-year existence.
SCIENT CORP (SCNT, 1.50)- The
Internet consultancy warned that its fourth quarter earnings will fall
short of expectations due to slower IT spending. The company now
sees revenues of $27 million, and expects to post a loss of 39
cents. Analysts were looking for revenues of $52 million, and a loss
of 11 cents. The company said it will eliminate 675 jobs, or 52% of
its workforce, and take a restructuring charge of $95-$110 million.
The shares are down 0.25 in pre-open trading on the news.
SHARPER IMAGE CORP (SHRP, 10.37)-
The electronic gadgets retailer said March same store sales fell 1%.
March total sales rose 17% to $23 million. The company warned that
its first quarter results will fall short of expectations. The
company now sees a loss of ($0.22)-($0.27) per share, compared to
analysts' estimates of a loss of 12 cents.
TALBOTS INC (TLB, 40.70)- The
women's apparel retailer said March same store sales fell 8.1%.
March total sales slipped 3% to $166.9 million.
TJX COMPANIES (TJX, 29.40)- The
off-price retailer said March same store sales fell 1%. March total
sales increased 7% to $890 million. The company warned that it sees
first quarter earnings of 43 cents per share, compared to analysts'
expectations of 49 cents.
YAHOO INC (YHOO, 15.86)- The
Internet portal beat twice lowered expectations by a penny as its first
quarter earnings tumbled 90% to $0.01 per share. Revenues in the
quarter slid 22% to $180.2 million. The company said it will reduce
its workforce by 12%, or 420 employees. The company warned that it
sees second quarter revenues of $165-$185 million, compared to analysts'
estimates of $194 million and last year's second quarter revenues of $270
million. The shares rose 0.74 in after hours trading on the news.
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4/11/01 |
CLAYTON
HOMES INC (CMH, 11.83)- The maker of manufactured homes beat estimates
by a penny as its third quarter earnings fell 35% to 17 cents per
share. Revenues in the quarter declined 11% to $272 million.
E*TRADE GROUP (ET, 7.55)- The
online broker met expectations as it reported breakeven first quarter
earnings. Revenues in the quarter fell 21% to $330 million.
The company warned that full year results will fall short of
expectations. The company now sees full year earnings of $0.00-$0.05
and revenues of $1.0-$1.2 billion. Analysts were looking for the
company to earn 13 cents and report full year revenues of $1.6 billion.
EW SCRIPPS CO (SSP, 58.64)- The
newspaper publisher beat estimates by two cents as its first quarter
earnings slumped to 35 cents per share from last year's 45 cents.
Revenues in the quarter fell 9.1% to $367.4 million. The company
attributed the profit drop to higher newsprint prices and a slowdown in ad
spending.
MOTOROLA INC (MOT, 13.00)- The
technology company missed estimates by two cents as it reported a first
quarter loss of nine cents per share, compared to last year's profit of 21
cents. Revenues in the quarter fell 11% to $7.8 billion. The
shares are up 0.25 in pre-open trading on the news.
PEPSI BOTTLING GROUP (PBG, 35.90)-
The soft drink bottler beat estimates by two cents as its first quarter
earnings rose to 17 cents per share from last year's 11 cents.
Revenues in the quarter rose 6.6% to $1.65 billion, and case volume
increased 4%.
RITE AID CORP (RAD, 6.04)- The
drugstore operator said March same store sales rose 10.2%. March
total sales increased 9.9% to $1.1 billion.
THEGLOBE.COM INC (TGLO, 0.19)-
The Internet community web site operator said it will cut 31% of its
workforce, or 59 jobs. The company expects the move to reduce annual
expenses by $8 million.
TLC LASER EYE CENTER (TLCV, 7.55)-
The provider of laser eye services beat estimates by 16 cents as it
reported third quarter earnings of three cents per share, compared to last
year's loss of eight cents. Revenues in the quarter declined to
$47.6 million from last year's $49.3 million.
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4/10/01 |
AG SERVICES OF AMERICA
(ASV, 14.10)- The supplier of agricultural inputs and financing said
its full year earnings fell 8.1% to $1.36 per share. Fiscal 2001
revenues rose 17% to $345.6 million.
HUMMINGBIRD LTD (HUMC, 22)- The
enterprise software maker warned that its second quarter earnings will
fall short of previous guidance. The company now sees revenues of
$50-$51 million, and earnings of $0.16-$0.18 per share. Analysts
were looking for the company to earn 34 cents and report revenues of $58
million.
MOLECULAR DEVICES CORP (MDCC, 49.99)-
The maker of bioanalytical measurement systems missed estimates by 10
cents as its first quarter earnings rose 25% to 10 cents per share.
Revenues in the quarter increased 3% to $20.73 million. The company
attributed the earnings shortfall to slowing economic activity, and warned
that its second quarter results will fall short of expectations. The
company now sees revenues of $26-$28 million, and earnings of $0.16-$0.18
per share. Analysts were looking for the company to earn 27 cents.
PITNEY BOWES INC (PBI, 33.81)-
The provider of mail and document management services has agreed to
acquire document management services Danka Services International from Danka
Business Systems (DANKY, 0.65) in a $290 million all-cash deal.
SENSORMATIC ELECTRONICS (SRM, 18.71)-
The maker of electronic security systems warned that its third quarter
results will fall short of expectations due to slowing global economic
conditions. The company now sees revenues of $256 million, and
earnings of $0.06-$0.07 per share. Analysts were looking for the
company to earn 21 cents.
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4/9/01 |
CALICO
COMMERCE (CLIC, 0.31)- The maker of Java e-business software warned
that its fourth quarter results will fall short of expectations due to
slowing economic activity and lower IT spending. The company now
sees revenues of $4-$4.5 million, and expects to post a loss of
($2.30)-($2.35). Analysts were looking for revenues of $12 million
and a loss of 32 cents.
CARDIAC SCIENCE INC (DFIB, 3.31)- The
maker o cardiac defibrillators missed estimates by seven cents as its
fourth quarter loss widened to 30 cents per share from last year's loss of
25 cents. Revenues in the quarter increased to $1.483 million from
last year's $103,000.
COOPER TIRE & RUBBER (CTB, 11.05)-
The tire maker warned that first quarter earnings will fall short of
expectations. The company now sees earnings of $0.01-$0.05 per
share, compared to analysts' expectations of 23 cents.
IASIAWORKS INC (IAWK, 1.12)- The
provider of web hosting services said it will take a restructuring charge
of $6-$8 million and cut 25% of its workforce, or 100 employees.
INGERSOLL-RAND (IR, 40.55)- The
company received a favorable mention in this weekend's Barron's. A
money manager sees the stock rising to $55.
POMEROY COMPUTER RESOURCES (PMRY,
11.75)- The provider of IT integration solutions warned that its first
quarter revenues will be up to 10% below last year's $211.5 million.
SKYMALL INC (SKYM, 1.75)- The
in-flight catalog retailer reported a fourth quarter profit of seven cents
per share, compared to last year's loss of $1.29. Revenues in the
quarter slumped to $28.78 million from last year's $31.13 million.
The company said it expects 2001 revenues of $78-$86 million, and
breakeven EBITDA earnings.
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