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THIS MORNING'S STOCKS WEEK OF 4/12/99-4/16/99 |
4/16/99 |
| BARR LABORATORIES
(BRL, 30.06)- The drug maker received a favorable
mention in this week's Business Week. A money manager sees the shares hitting 50-60
within a year. The shares will get a boost from the news. CONTINENTAL AIRLINES (CAI.B, 44.38)- The airline beat first quarter expectations by 10 cents a share, earning
$1.03 in the quarter. Revenues rose 10.9% in the quarter. The shares will
likely be strong in today's trading.
EXCITE INC (XCIT, 146.94)- The Internet portal missed analysts' first quarter earnings by 1 cent,
earning 4 cents a share in the quarter as revenues jumped 123%.
INKTOMI CORP (INKT, 119.19)- The internet software company reported a narrower than expected loss of 9
cents a share in its second quarter as revenues rose 323%. The stock will likely
rise in today's trading.
PMC SIERRA (PMCS, 74.25)- The chip maker announced a 2 for 1 stock split after the close.
RADISYS CORP (RSYS, 25.43)- The company expects first quarter earnings to be 2 to 3 cents above
current expectations. The company attributed the bettr than expected showing to a
recent acquisition.
SEROLOGICALS (SERO, 10.06)- The company said that lower than expected shipments of its products will
cause it to miss full year earnings estimates by 15 cents a share. The news will put
pressure on the shares in today's trading.
STAR TEK (SRT, 11.38)- A money manager told Business Week that the shares are undervalued and
could double within a year. The shares should get a strong boost from the news in
today's trading.
SUN MICROSYSTEMS (SUNW, 60.44)- The computer company beat third quarter earnings expectations by 1 cent
a share, but fell 3 points in after hours trading after the company hinted of an industry
wide slowdown in coming quartes. |
4/15/99 |
| ADVANCED MICRO
DEVICES (AMD, 14.75)- The chip maker posted a
narrower than expected loss of $0.81 a share in its first quarter and expects conditions
to impove during the second quarter. AMERITRADE
(AMTD, 148)- The Internet broker rose in after hours
trading after its second quarter earnings beat estimates by 100%. The company
earned 14 cents a share, compared to estimates of 7 cents a share.
APPLE COMPUTER (AAPL, 35.53)- The maker of the brightly colored IMAC earned 60 ccents in its first
quarter, beating estimates by 3 cents a share. The shares slipped in after hours
trading after the company said third quarter revenues will increase, but margins will be
flat to down.
ELECTRONICS FOR IMAGING (EFII, 41.13)- The company's first quarter earnings beat expectations by 6 cents a
share.
NEWPORT NEWS SHIPBUILDING (NNS, 27.75)- General Dynamics has withdrawn its offer for the company after the
Department of Defense voiced its opposition to the deal.
RECOVERY ENGINEERING (REIN, 10.88)- Shares of the water treatment company will be boosted by its latest
earnings report. The company beat analysts' estimates, earning 8 cents a share
compared to expectations of a 5 cent loss. The company expects full year earnings to
be 67% above current forecasts.
TEXAS UTILITIES (TXU, 38)- The utility's shares will be under pressure after the company warned
that it expects its first quarter earnings to miss expectations by 35 cents a share. |
4/14/99 |
| E TEK DYNAMICS
(ETEK, 43.5)- The company's third quarter earnings
beat estimates by 3 cents a share as revenues rose 108%. Look for the shares to rise
in today's session. INFOSEEK (SEEK,
79.5)- The Internet portal reported a second quarter
loss of 39 cents a share, beating estimates of a 41 cent loss. The stock rose 3/4 of
a point in after hours trading, but it should be noted that the company's revenues fell 2%
in the quarter and the loss widened from the prior year's 6 cents a share loss.
INTEL (INTC, 60.5)- The chip maker reported first quarter earnings of 57 cents a share,
beating estimates by 2 cents. Revenues came in below expectations of $7.4 at $7.1 billion.
The company also warned that second quarter revenue would be flat to down compared to the
first quarter. The shares fell 3 points on Instinet and will likely drag the tech
sector down in today's trading.
LADD FURNITURE (LADF, 19.25)- The company reported first quarter profits of $0.45, 25% above analysts'
expectations.
MOTOROLA (MOT, 82.94)- The company beat first quarter estimates by 4 cents a share, and said it
expects second quarter earnings and revenues to be above current expectations. The
shares rose 1 in after hours trading.
O'SULLIVAN INDUSTRIES (OSU, 15.68)- The furniture maker reported third quarter profits of $0.47 a share,
beating estimates by 7 cents a share. Look for the shares to get a boost from the
news.
PRICELINE.COM (PCLN, 81.5)- The Internet company announced a marketing deal with First USA that
could add up to $200 million in revenues over a 5 year span. The shares will rise on
the news.
SEAGATE TECHNOLOGY (SEG, 26.63)- The disk drive maker beat analysts' third quarter estimates by 3 cents a
share, eporting a profit of 49 cents a share. The company reported strong sales of
its new products, and the shares will likely get a boost on the news. |
4/13/99 |
| BROADCAST.COM
(BCST, 147.75)- The shares will rally this morning
after the company reported a doubling of revenues and a lower than expected loss.
The news will give another boost to the Internet stocks in today's trading. DIALOGIC (DLGC, 34.88)- The
company warned that it will earn $0.29-$0.30 in its first quarter, compared to analyst
estimates of 37 cents a share. The company blamed a deferral of revenue into the second
quarter for the shortfall. The shares will be hit in today's trading.
ENRON OIL AND GAS (EOG, 16.94)- The oil company posted a wider than expected loss of 9 cents a share
(excluding one time gains of $0.12) in its first quarter.
GENERAL MOTORS (GM, 88.13)- The company will spin off its remaining 80% ownership of Delphi
Automotive to shareholders on May 28th.
INTEVAC (IVAC, 5.88)- The disk drive component maker warned that continued weak industry
conditions will cause it to post losses in its second and third quarters. The company also
reported a first quarter loss of 25 cents a share and said revenues plummetted 66% in the
quarter to $11.8 million. The shares are already 50% below their 52 week high and
will be pushed down further by the news.
RARE HOSPITALITY (RARE, 13.75)- The company said it will report a larger than expected first quarter
profit of $0.33-$0.34 a share. The company attributed the better than expected
showing to strong growth at its Long Horn Steakhouse division.
RENT A CENTER (RCII, 25.19)- The company expects to beat current estimates by 20% during its first
quarter, and by 10% for the fiscal year.
VOCAL TEC COMMUNICATIONS (VOCLF, 13.63)- The company warned that its first quarter loss will be double current
expectations due to disappointing sales. Look for the software maker's shares to
come under heavy pressure today. |
4/12/99 |
| COMPAQ COMPUTER
(CPQ, 30.94)- The PC maker, citing sluggish demand
and pricing pressures, warned after the close on Friday that first quarter profits would
be 15 cents a share, compared to analyst estimates of 31 cents. Compaq expects
revenue to total $9.4 billion in the quarter, compared to estimates of $9.98 billion. The
shares tumbled 4 1/2 points in after hours trading.
- The PC maker, citing sluggish demand
and pricing pressures, warned after the close on Friday that first quarter profits would
be 15 cents a share, compared to analyst estimates of 31 cents. Compaq expects
revenue to total $9.4 billion in the quarter, compared to estimates of $9.98 billion. The
shares tumbled 4 1/2 points in after hours trading. Shares of Dell,
Gateway, and Intel all fell in sympathy after hours. The
news led to a selloff in Hong Kong and Japan overnight, and is currently putting downward
pressure on the S&P and NASDAQ Futures which are down 18.30 and 45 respectively. GOLDEN STATE BANCORP (GSB, 24.25)- The company's Glendale Federal Bank subsidiary was awarded $909 million
in damages in a lawsuit it brought against the U.S. government. The amount awarded
was at the low end of the company's expectations, but is still a positive for the shares
in today's trading.
MIPS TECHNOLOGIES (MIPS, 57.5)- The chip maker earned 27 cents a share in its third quarter, beating
analysts' estimates by 4 cents. Revenues jumped 46% in the quarter, with strong
growth in contract and royalty revenues. The shares will get a boost from the news
in today's trading.
SAKS (SKS, 25.56)- A story in this week's Barron's called the shares undervalued and set a
price target of $40 plus for the shares. |
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