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THIS MORNING'S STOCKS
WEEK OF 5/22/00-5/26/00 |
5/26/00 |
AGILENT TECHNOLOGIES (A,
63)- The maker of measurement equipment will join the S&P 500
Index after next Friday's close.
ALLOY ONLINE (ALOY, 11)- The teen
orientated Internet community and e-commerce company met expectations as
its first quarter loss widened to 36 cents per share from last year's loss
of 27 cents. Revenues increased 200% to $7.7 million in the quarter.
CHALONE WINE GROUP (CHLN, 8.06)- The
wine maker said fiscal 2000 earnings fell to 34 cents per share from last
year's 75 cents. Full year revenues increased 20% to $52.8 million,
and case sales rose 18%.
PEERLESS SYSTEMS (PRLS, 2.25)- The
maker of embedded imaging systems missed estimates by 20 cents as it
reported a first quarter loss of 42 cents per share, compared to last
year's profit of eight cents. Revenues tumbled 59% to $4.4 million
in the quarter. The company attributed its lower profits to margin
pressures, industry consolidation, and cancelled projects.
PLANTRONICS INC (PLT, 88.43)- The
maker of headsets announced plans for a secondary offering of 1 million
shares (7.4% of the currently outstanding shares), with all shares being
sold by an existing shareholder.
SOFTWARE TECHNOLOGIES CORP (STCS,
19.50)- The enterprise software maker said its first quarter loss
widened to 21 cents per share from last year's loss of 15 cents.
Revenues increased 68% to $17.6 million in the quarter.
THE SPORTS AUTHORITY (TSA, 2.75)-
The sporting goods retailer missed estimates by 15 cents as its first
quarter loss, excluding one-time items, widened to 25 cents per share from
last year's loss of 15 cents. Revenues slipped 0.7% to $354.2
million in the quarter, but same store sales rose 0.8%.
VALLEY MEDIA INC (VMIX, 4)- The
distributor of music and video products missed estimates by 29 cents as it
reported a fourth quarter loss of 62 cents per share, compared to last
year's profit of 21 cents. Revenues in the quarter fell 20.1% to
$206.1 million.
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5/25/00 |
AGILE SOFTWARE (AGIL, 42)- The
maker of e-supply software beat estimates by four cents as its fourth
quarter loss narrowed to two cents per share from last year's loss of nine
cents. Revenues increased 109% to $10.81 million in the
quarter. The shares slipped 0.57 in after hours trading on the news.
CDW COMPUTER CENTERS (CDWC, 117.88)-
The computer products retailer announced a 2 for 1 stock split.
JD EDWARDS & CO (JDEC, 10.50)-
The enterprise software maker beat estimates by 12 cents as it reported
second quarter earnings of two cents per share compared to last year's
loss of eight cents. Revenues were essentially flat at $231 million,
but license fees increased 22% to $81.7 million. The shares jumped
1.50 in after hours trading on the news.
LECHTERS INC (LECH, 1.43)- The
housewares retailer said its first quarter loss widened to 38 cents per
share from last year's loss of 26 cents. Revenues inched up to
$83.74 million in the quarter from last year's $83.41 million, and same
store sales increased 3.8%.
METAL MANAGEMENT (MTLM, 1.31)-
The provider of scrap metal recycling services missed estimates by a penny
as its fourth quarter loss narrowed to three cents per share, excluding
one-time items, from last year's comparable loss of nine cents.
Revenues increased 40% to $271.3 million in the quarter.
MICHAELS STORES (MIKE, 38.19)-
The arts and crafts retailer beat estimates by five cents as first quarter
earnings jumped 67% to 30 cents per share. Revenues rose 22% to
$472.5 million in the quarter, and same store sales increased 7%.
The shares rose 1.43 in after hours trading on the news.
NATIONAL SERVICE INDUSTRIES (NSI, 24)-
The maker of lighting equipment and envelopes warned that third quarter
earnings will fall short of expectations. The company now sees
earnings of $0.50-$0.55 per share. Analysts were looking for the
company to earn 75 cents. The company attributed the lowered
expectations to lower profits in its lighting division.
OIL-DRI CORP OF AMERICA (ODC, 9)-
The maker of cat litter and industrial products met expectations as third
quarter earnings fell 15% to 17 cents per share. Revenues increased
$375,000 to $42.78 million in the quarter.
SALON.COM (SALN, 2.50)- The
Internet web site operator missed estimates by five cents as its fourth
quarter loss narrowed to 41 cents per share from last year's loss of 42
cents. Revenues increased 201% to $2.6 million in the quarter.
The shares rose 0.50 in after hours trading on the news.
THQ INC (THQI, 14.68)- The maker
of video games warned that second quarter earnings will fall short of
expectations. The company now sees revenues of $30-$32 million and
expects to report a second quarter loss of ($0.13)-($0.15) per
share. Analysts were looking for the company to earn three cents in
the quarter. The company attributed the shortfall to weakness in the
video game industry. The shares rose 1.32 in after hours trading on
the news.
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5/24/00 |
BROADCOM CORP (BRCM, 125)- The
maker of broadband semiconductors has agreed to acquire digital video
interface products maker Pivotal Technologies Corp for 1.94 million shares
in an all-stock deal valued at $242 million.
CHASE MANHATTAN CORP (CMB, 73.13)- The
banking group has agreed to acquire M&A advisory The Beacon Group LLC
for an undisclosed amount.
POLO RALPH LAUREN CORP (RL, 16)-
The apparel maker met expectations as fourth quarter earnings rose 19% to
32 cents per share. Revenues increased 1% to $466.9 million in the quarter.
US AIRWAYS GROUP (U, 26.31)- The
airline has agreed to be acquired by UAL Corp (UAL, 60.38), the
parent of United Airlines, for $11.6 billion in cash and debt. Under
the terms of the deal, US Airways shareholders will receive $60 in cash
for each U share held. UAL expects the deal to be accretive to
earnings in two years.
U
UAL
US VISION INC (USVI, 2)- The
optical products retailer said first quarter earnings rose to 30 cents per
share from last year's 29 cents. Revenues increased 10.7% to $41.9
million in the quarter, and same store sales rose 5.8%.
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5/23/00 |
ALASKA COMMUNICATIONS SYSTEMS (ALSK,
13.88)- The telecom has agreed to acquire telecom Matanuska Telephone
Association for $187.5 million in an all-cash deal.
AVIATION SALES CO (AVS, 6.38)-
The provider of aircraft maintenance services missed estimates by 38 cents
as it reported a first quarter loss of 11 cents per share, compared to
last year's profit of 53 cents. Revenues in the quarter increased to
$186 million from last year's $178 million. The company said it is
continuing negotiations with its creditors to negotiate a new credit
facility.
CALDERA SYSTEMS (CALD, 10.63)-
The maker of Linux e-business software missed estimates by four cents as
its second quarter loss widened to 32 cents per share from last year's
loss of 11 cents. Revenues in the quarter increased 150% to $1.4
million.
CINRAM INTERNATIONAL (CNRM, 6)-
The maker of pre-recorded video and audio tapes said first quarter
earnings fell to five cents per share from last year's 10 cents.
First quarter revenues slipped to $134.4 million and $136.7 million.
The company attributed the revenue decline to lower selling prices.
GUCCI GROUP NV (GUC, 80)- The
luxury goods maker said preliminary first quarter revenues rose to $530
million from last year's $270 million. The company expects to report
first quarter earnings of 45 cents per share on June 21st.
QUALITY DINING (QDIN, 3.50)- The
company's board of directors voted to reject a hostile $5 per share offer
from NBO. The company called the offer "inadequate".
SPARTECH CORP (SEH, 32)- The
maker of molded products beat estimates by a penny as second quarter
earnings rose 24% to 47 cents per share. Revenues increased 30% to
$256.7 million in the quarter.
WESTAFF INC (WSTF, 4)- The
provider of staffing services missed estimates by four cents as second
quarter earnings fell to 11 cents per share from last year's 18
cents. Revenues increased 4.7% to $149.4 million in the
quarter. Gross margins improved to 21.3% from last year's
21.1%. The company warned that it now sees third quarter earnings of
$0.09-$0.11, compared to analysts' estimates of 19 cents.
ZANY BRAINY INC (ZANY, 2.94)- The
specialty toy store operator met expectations as its first quarter loss
widened to 23 cents per share from last year's loss of six cents.
Revenues fell 3% to $39.4 million in the quarter, and same store sales
tumbled 22.8%. Gross margins fell to 20.2% from last year's 27.6%.
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5/22/00 |
AUTOZONE INC (AZO, 26.81)- The
auto parts retailer beat estimates by a penny as third quarter earnings
rose 28% to 50 cents per share. Revenues increased 9% to $1.06
billion, and same store sales rose 6%.
PERFORMANCE TECHNOLOGIES (PTIX,
28.25)- The telecommunications equipment maker warned that second
quarter earnings and revenues will fall short of expectations. The
company now sees revenues of $10 million, and earnings of 11 cents per
share. Analysts were looking for the company to earn 19 cents.
The company attributed the shortfall to the delayed shipment of an order,
and to lower than expected orders from two key customers.
SHARPER IMAGE CORP (SHRP, 12.81)-
The retailer of electronic gadgets beat estimates by four cents as first
quarter earnings rose to $0.01 per share from last year's loss of 19
cents. Revenues increased 45% to $59.1 million in the quarter, and
same store sales jumped 32%. The company said Internet sales rose
261% to $8.4 million.
SOUTHDOWN (SDW, 63.43)- The
cement maker is reportedly in the early stages of merger talks with the
U.K.'s Blue Circle Industries.
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