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THIS MORNING'S STOCKS
WEEK OF 4/23/01-4/27/01 |
4/27/01 |
ADAPTEC
INC (ADPT, 9.07)- The maker of data storage access products beat
estimates by five cents as its fourth quarter earnings tumbled to six
cents per share from last year's 49 cents. Revenues in the quarter
dropped 30.1%, and 20% sequentially, to $149 million, below analysts'
estimates of $180 million.
CHURCH & DWIGHT (CHD, 23.99)-
The consumer products maker beat estimates by four cents as its first
quarter earnings inched up to 30 cents per share from last year's 29
cents. Revenues in the quarter increased 32.3% to $256.5 million.
CORNING INC (GLW, 21.00)- The
maker of fiber optic products beat estimates by a penny as its first
quarter earnings rose 26.1% to 29 cents per share. Revenues in the
quarter increased 42% to $1.92 billion. The company said it will cut
capital spending by 20%, and announced plans to eliminate an additional
1,000 jobs. The company warned that its second quarter and full year
results will fall short of expectations. The company now sees second
quarter revenues of $1.8-$1.9 billion, and earnings of $0.18-$0.21 per
share, compared to analysts' estimates of revenues of $2 billion and
earnings of 29 cents. The company sees full year revenues of $7.8-$8
billion, and expects earnings of $0.90-$1.00. Analysts were looking
for full year revenues of $8.3 billion and earnings of $1.19.
SHOPKO STORES INC (SKO, 9.18)-
The discount store operator warned that its first quarter loss will be
wider than expected due to slower economic conditions and inclement
weather. The company now sees a loss of ($0.14)-($0.18) per share,
compared to analysts' estimates of a loss of eight cents.
STARBUCKS CORP (SBUX, 39.68)- The
coffeeshop operator met expectations as its second quarter earnings rose
33% to 16 cents per share. Revenues in the quarter increased 24% to
$629 million, and same store sales rose 6%. The company said it
expects "low single digits" same store sales growth during the
second half of the year. The shares are down 3.88 in pre-open
trading on the news.
VANS INC (VANS, 18.95)- The
footwear maker announced plans for a secondary offering of 2.5 million
shares, with all proceeds going to the company. The company
currently has 14.2 million shares outstanding.
VERISIGN INC (VRSN, 46.22)- The
provider of Internet security and domain name registration services beat
estimates by 10 cents as its first quarter earnings jumped to 23 cents per
share from last year's two cents. Revenues in the quarter jumped
526% to $213 million, in line with expectations. The shares are up
6.68 in pre-open trading on the news.
WATSCO INC (WSO, 12.44)- The
distributor of air conditioning and heating equipment beat estimates by a
penny as its first quarter earnings fell to nine cents per share from last
year's 11 cents. Revenues in the quarter fell 3.1% to $277.6
million, but gross margins improved to 24.6% from last year's 23.6%.
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4/26/01 |
ASK JEEVES INC (ASKJ,
2.14)- The provider of Internet search solutions beat estimates by 13
cents as its first quarter loss narrowed to 40 cents per share from last
year's loss of 59 cents. Revenues in the quarter rose 7.3%, but fell
17% sequentially, to $19.1 million. The company said it will reduce
its workforce by 15%, or 75 employees. The company warned that its
second quarter and full year revenues will fall short of
expectations. The company now sees second quarter revenues of $17
million and expects to post a loss of 33 cents per share. Analysts
were looking for revenues of $22 million, and a loss of 38 cents.
The company said it expects full year 2001 revenues to be below full year
2000's levels.
ELECTRONIC DATA SYSTEMS (EDS, 63.27)-
The provider of outsourced IT services met expectations as its first
quarter earnings rose 19% to 56 cents per share. Revenues in the
quarter increased 9% to $5 billion, and contract signings jumped 67% to
$7.5 billion. The company warned that it sees second quarter
revenues of $4.6 billion, below analysts' estimates of $5 billion.
FURNITURE BRANDS INTERNATIONAL (FBN,
23.95)- The home furniture maker missed estimates by three cents as
its first quarter earnings fell 36.1% to 39 cents per share.
Revenues in the quarter slumped 10.2% to $506.2 million. The company
warned that its second quarter and full year earnings will fall short of
expectations due to weak consumer spending. The company now sees
second quarter earnings of $0.35-$0.40 per share, and full year earnings
of $1.85-$1.95. Analysts were looking for earnings of $0.49 and
$2.05, respectively.
INFOSPACE INC (INSP, 3.91)- The
Internet content provider beat estimates by two cents as it reported a
first quarter loss of two cents per share, compared to last year's profit
of four cents. Revenues in the quarter rose 20% to $46.6
million. The shares are up 0.59 in pre-open trading on the news.
ON SEMICONDUCTOR (ONNN, 5.19)-
The maker of broadband semiconductors beat estimates by seven cents as it
reported a first quarter loss of seven cents per share, compared to last
year's profit of three cents. Revenues in the quarter declined 13%,
and 24% sequentially, to $357 million. Analysts were looking for
revenues of $470 million. The company warned that its second quarter
revenues will be "flat to slightly down" from the first
quarter's level, substantially below analysts' estimates of $493 million.
PEOPLESOFT INC (PSFT, 29.93)- The
software maker beat estimates by two cents as its first quarter earnings
rose 175% to 11 cents per share. Revenues in the quarter rose 34% to
$503 million, with license revenues jumping 70% to $153 million. The
shares are up 5.27 in pre-open trading on the news.
QUALCOMM INC (QCOM, 63.83)- The
maker of wireless products met expectations as its first quarter earnings
rose 11.5% to 29 cents per share. Revenues in the quarter increased
9.9%, and 4.4% sequentially, to $713 million. Gross margins improved
to 65% from last year's 64%. The company warned that its third
quarter and full year earnings will fall short of expectations. The
company now sees third quarter earnings of 21 cents per share and full
year earnings of $1.05, compared to analysts' estimates of 33 cents and
$1.26, respectively. The shares are down 6.33 in pre-open trading on
the news.
SYLVAN LEARNING SYSTEMS (SLVN, 17.26)-
The provider of adult education programs beat estimates by two cents as
its first quarter earnings rose to 10 cents per share from last year's
seven cents. Revenues in the quarter jumped 59% to $120.4 million,
above analysts' estimates of $117 million. The company said it sees
second quarter revenues of $119-$127 million, and earnings of $0.20-$0.21
per share, in line with analysts' estimates.
TESORO PETROLEUM (TSO, 14.70)-
The petroleum refiner beat estimates by 12 cents as its first quarter
earnings jumped 160% to 52 cents per share. Revenues in the quarter
increased to $1.22 billion from last year's $1.06 billion. The
company said it sees second quarter earnings of at least 70 cents per
share, and full year earnings of $2.40-$3.00 per share. Analysts
were looking for second quarter earnings of 59 cents and full year
earnings of $1.45.
TEXACO INC (TX, 71.56)- The oil
company beat estimates by four cents as its first quarter earnings rose
45.7% to $1.53 per share. Revenues in the quarter increased 25.4% to
$14.1 billion.
TRICON GLOBAL RESTAURANTS (YUM,
42.88)- The restaurant operator said April same restaurant sales rose
1%.
WEBVAN GROUP INC (WBVN, 0.24)-
The online grocer beat estimates by a penny as its first quarter loss
widened to 18 cents per share from last year's loss of 17 cents.
Revenues in the quarter increased 106% to $77.2 million, and gross margins
improved to 28.1% from last year's 20.9%. The company's quarter end cash
position dropped to $114 million from $211 million at the end of the
fourth quarter. The company also said it will close down its Atlanta
operations, and eliminate 885 jobs, or 25.3% of its workforce. The
company also announced plans for a 1 for 25 reverse stock split.
WEST MARINE INC (WMAR, 4.55)- The
boating supplies and apparel retailer said its first quarter loss widened
to 18 cents per share from last year's loss of 15 cents. Revenues in
the quarter fell 6.8% to $89.7 million, and same store sales declined
8.2%. The company said it sees full year revenues of $510-$515
million, and expects to report earnings of $0.63-$0.67 per share.
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4/25/01 |
AMAZON.COM
(AMZN, 15.68)- The Internet retailer beat estimates by four cents as
its first quarter loss narrowed to 21 cents per share from last year's
loss of 35 cents. Revenues in the quarter rose 22% to $700 million,
above analysts' estimates of $674 million. The company's pro forma
loss from operations narrowed to 7% of net sales from last year's
17%. The shares are up 0.32 in pre-open trading on the news.
APPLIED MICRO CIRCUITS (AMCC, 23.98)- The
chipmaker met expectations as its fourth quarter earnings rose 12.5% to
nine cents per share. Revenues in the quarter rose 112% to $121.1
million, below analysts' estimates of $125 million. The company
warned that its first quarter results will fall short of
expectations. The company now sees earnings of $0.00-$0.02 and
revenues of $70-$85 million, compared to analysts' estimates of earnings
of seven cents and revenues of $106 million. The shares are down
1.58 in pre-open trading on the news.
BEFREE INC (BFRE, 1.17)- The
provider of Internet marketing services beat estimates by a penny as its
first quarter loss widened to 10 cents per share from last year's loss of
seven cents. Revenues in the quarter rose 49%, but fell 15%
sequentially, to $5.4 million. Analysts were looking for revenues of
$7.4 million. The company said it will reduce its workforce by
16%. The company also announced plans to buyback up to $20 million
of its shares.
BMC SOFTWARE INC (BMC, 27.15)-
The mainframe software maker beat estimates by two cents as its fourth
quarter earnings fell 47% to 26 cents per share. Revenues in the
quarter declined 11%, but rose 10% sequentially, to $422.8 million.
The company warned that its first quarter results will fall short of
expectations. The company now sees revenues of $355-$365 million,
and earnings of $0.11-$0.14 per share. Analysts were looking for
first quarter revenues of $410 million and earnings of 24 cents. The
shares are down 2.40 in pre-open trading on the news.
FAIRCHILD SEMICONDUCTOR (FCS, 17.09)-
The chipmaker beat estimates by four cents as its first quarter earnings
fell to 26 cents per share from last year's 53 cents. Revenues in
the quarter declined 4%, and 18% sequentially, to $385 million, below
analysts' estimates of $438 million. The company warned that it
expects its second quarter revenues to decline 5%-10% sequentially to
$347-$366 million, substantially below analysts' estimates of $447
million.
GOTO.COM INC (GOTO, 11.57)- The
Internet search engine beat estimates by 20 cents as its first quarter
loss narrowed to 13 cents per share from last year's loss of 20
cents. Revenues in the quarter jumped 202%, and 31% sequentially, to
$52 million. Analysts' were looking for first quarter revenues of $44
million. The company said it sees second quarter revenues of $54 million,
above analysts' estimates of $49 million.
IVAX CORP (IVX, 33.40)- The
drugmaker beat estimates by five cents as its first quarter earnings rose
to 31 cents per share, excluding one-time items, from last year's 17
cents. Revenues in the quarter increased 42% to $260 million, above
analysts' estimates of $235 million.
POWER-ONE INC (PWER, 17.66)- The
maker of power conversion products met expectations as its first quarter
earnings rose 85% to 24 cents per share. Revenues in the quarter
jumped 121% to $170 million. The company warned that its second
quarter results will fall short of expectations. The company now
sees revenues dropping 41% sequentially to $100 million, and expects to
post breakeven earnings. Analysts were looking for a profit of 11
cents. The shares are down 1.66 in pre-open trading on the news.
SANCHEZ COMPUTER ASSOCIATES (SCAI,
11.05)- The maker of software for the financial services industry beat
estimates by a penny as it reported first quarter earnings of three cents
per share, compared to last year's loss of 14 cents. Revenues in the
quarter rose 53% to $20.3 million, above analysts' estimates of $19
million.
SCI SYSTEMS INC (SCI, 22.24)- The
provider of outsourced electronics manufacturing services beat estimates
by a penny as its first quarter earnings fell 17.7% to 28 cents per
share. Revenues in the quarter fell to $2.02 billion, below
analysts' estimates of $2.1 billion, from last year's $2.34 billion.
TASTY BAKING CO (TBC, 15.20)- The
maker of snack cakes missed estimates by three cents as it reported flat
first quarter earnings of 26 cents per share. Revenues in the
quarter rose 7.4% to $65.7 million.
VARIAN SEMICONDUCTOR (VSEA, 40.77)-
The chip equipment maker missed estimates by seven cents as its second
quarter earnings fell to 53 cents per share from last year's 61
cents. Revenues in the quarter rose 11% to $173 million, but gross
margins fell to 37% from last year's 40%. Analysts' were looking for
revenues of $206 million. The company warned that it sees third
quarter revenues dropping to approximately $117 million, substantially
below analysts' estimates of $180 million.
WALT DISNEY CO (DIS, 28.76)- The
entertainment company beat estimates by six cents as its second quarter
earnings fell 9.5% to 19 cents per share, excluding charges.
Revenues in the quarter fell 4% to $6 billion. The Parks &
Resorts unit was the only segment to record positive revenue growth, with
a 5% gain to $1.6 billion in the quarter. The shares are up 0.39 in
pre-open trading on the news.
|
4/24/01 |
AGERE SYSTEMS (AGR.a,
7.15)- The maker of communications semiconductors beat estimates by
six cents as it reported breakeven second quarter earnings, compared to
last year's profit of five cents. Revenues in the quarter rose 12%,
but fell 13% sequentially, to $1.2 billion. The company said it sees
third quarter revenues dropping to $950 million-$1.03 billion, and expects
to report a loss of ($0.06)-($0.08) per share. The company also said
it will cut 2,000 jobs, or 12% of its workforce.
AIRBORNE FREIGHT (ABF, 8.61)- The
provider of freight delivery services warned that its first quarter
results will fall short of expectations due to slowing domestic economic
conditions. The company now sees a loss of 35 cents per share,
compared to analysts' estimates of a loss of 30 cents. The company
said its first quarter revenues rose 1.4% to $824 million.
AMERITRADE HOLDING (AMTD, 5.94)-
The online broker met expectations as it reported a second quarter loss of
nine cents per share, excluding charges, compared to last year's profit of
two cents. Revenues in the quarter tumbled 31.1% to $133.8 million,
above analysts' estimates of $117 million.
BLACK & DECKER CORP (BDK, 39.76)-
The maker of power tools met expectations as its first quarter earnings
slumped to 40 cents per share from last year's 54 cents. Revenues in
the quarter fell 5.9% to $979 million. The company warned that
second quarter and full year results will fall short of expectations due
to continued economic weakness in the U.S. and Europe. The company
now sees second quarter earnings of $0.50-$0.60 per share and full year
earnings of $3.10-$3.25. Analysts were looking for 86 cents and
$3.51, respectively. The shares are down 0.76 in pre-open trading on
the news.
EXCITE@HOME CORP (ATHM, 3.87)-
The Internet portal operator and provider of broadband access missed
estimates by two cents as its first quarter loss widened to 15 cents per
share, excluding charges, from last year's loss of one cent.
Including charges, the company lost $2.05 per share, or $832.6
million. Revenues in the quarter increased 3% to $142.8
million. The company said its advertising revenues fell 41%.
The company's quarter end cash and short term investments position fell to
$104.5 million from $200.8 million on December 31st. The company
warned that it sees a second quarter loss of ($0.16)-($0.17) per share,
compared to analysts' estimates of a loss of nine cents. The shares
are up 0.07 in pre-open trading on the news.
GUIDANT CORP (GDT, 42.89)- The
maker of cardiac devices met expectations as its first quarter earnings
rose 7.9% to 41 cents per share. Revenues in the quarter rose 6.4%
to $671 million, but gross margins fell to 74.7% from last year's
76.6%. The company warned that its second quarter results will fall
short of expectations. The company now sees revenues of $630-$665
million and earnings of $0.35-$0.39 per share, compared to analysts'
estimates of revenues of $672 million and earnings of 42 cents. The
shares are down 4.89 in pre-open trading on the news.
LYDALL INC (LDL, 11.51)- The
maker of filtration products missed estimates by a penny as its first
quarter earnings fell to 11 cents per share from last year's 18
cents. Revenues in the quarter fell 16.4% to $58.3 million, but
gross margins improved to 28.5% from last year's 25.2%.
KEMET CORP (KEM, 21.72)- The
maker of capacitors beat estimates by five cents as its fourth quarter
earnings jumped 106% to 90 cents per share. Revenues in the quarter
increased 31% to $338 million. The company warned that it expects
its first quarter revenues to decline 40% sequentially from the fourth
quarter's levels to approximately $203 million. Analysts were
looking for first quarter revenues of $340 million. The company
attributed the projected revenue drop to "economic uncertainty".
OMNICOM GROUP (OMC, 88.08)- The
ad agency beat estimates by a penny as its first quarter earnings rose 16%
to 52 cents per share. Revenues in the quarter increased 16% to $1.6
billion.
SPIEGEL GROUP (SPGLA, 6.78)- The
retailer met expectations as it reported a first quarter loss of nine
cents per share, compared to last year's profit of 15 cents.
Revenues in the quarter slipped 3% to $749.6 million. The company
warned that it sees second quarter earnings of $0.02-$0.05 per share,
below analysts' expectations of six cents.
VIACOM INC (VIA, 53.10)- The
media company met expectations as it reported breakeven first quarter
earnings, compared to last quarter's profits of 10 cents. Revenues
in the quarter rose 6% to $5.77 billion.
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4/23/01 |
AMERICAN
EXPRESS CO (AXP, 41.50)- The financial services company beat estimates
by a penny as its first quarter earnings fell 17% to 40 cents per
share. Revenues in the quarter increased 3% to $5.43 billion, below
analysts' estimates of $5.9 billion. The shares are down 1.00 in
pre-open trading on the news.
ANADIGICS INC (ANAD, 17.15)- The
maker of broadband components met expectations as it reported a first
quarter loss of 15 cents per share, compared to last year's profit of 18
cents. Revenues in the quarter fell to $28.5 million from last
year's $43 million. The company warned that it sees second quarter
warnings of $18.5 million, and expects to post a loss of 24 cents per
share. Analysts were looking for second quarter revenues of $21
million. The shares are down 0.30 in pre-open trading on the news.
CONVERGYS CORP (CVG, 37.44)- The
provider of outsourced billing and customer care services met expectations
as its first quarter earnings rose 21% to 34 cents per share.
Revenues in the quarter increased 13% to $577.8 million.
DURA AUTOMOTIVE SYSTEMS (DRRA, 8.28)-
The auto parts maker beat estimates by 19 cents as its first quarter
earnings fell 33% to 60 cents per share. Revenues in the quarter
declined 3.1% to $660.9 million, above analysts' estimates of $623
million.
JAKKS PACIFIC INC (JAKK, 11.40)-
The toy maker beat estimates by five cents as its first quarter earnings
rose by a penny to 33 cents per share, excluding charges. Revenues
in the quarter increased 18.1% to $60 million. The company said it
sees second quarter earnings of $0.34-$0.37 per share, above analysts'
estimates of 33 cents. The company also said it will repurchase one
million shares. The shares are up 1.60 in pre-open trading on the
news.
LEXMARK INTERNATIONAL (LXK, 60.98)-
The printer maker beat estimates by two cents as its first quarter
earnings rose one cent to 60 cents per share. Revenues in the
quarter increased 12% to $999 million, above analysts' estimates of $976
million.
NORTHROP GRUMMAN (NOC, 93.20)-
The defense contractor missed estimates by 13 cents as its first quarter
earnings slipped 3.5% to $1.39 per share. Revenues in the quarter
rose 10% to $2 billion.
PRAXAIR INC (PX, 46.20)- The
maker of industrial gases beat estimates by three cents as its first
quarter earnings rose 7.8% to 77 cents per share. Revenues in the
quarter increased 8.5% to $1.335 billion.
THEGLOBE.COM (TGLO, 0.19)- The
community web site operator's shares have been delisted by NASDAQ and will
trade on the OTC Bulletin Board. The shares hit $97 in their first
day of trading two years ago.
T ROWE PRICE GROUP (TROW, 36.35)-
The mutual fund operator missed estimates by two cents as its first
quarter earnings fell 34.5% to 38 cents per share. Revenues in the
quarter slid 11.3% to $280.5 million.
UNITED AUTO GROUP INC (UAG, 10.09)-
The operator of auto dealerships beat estimates by two cents as its first
quarter earnings rose 10.5% to 21 cents per share. Revenues in the
quarter jumped 25.6% to $1.4 billion. The company said it expects to
"meet or exceed" analysts' full year estimates of $1.07 per
share.
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