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THIS MORNING'S STOCKS
WEEK OF 5/29/00-6/02/00 |
6/02/00 |
CONTINENTAL AIRLINES
(CAL, 44)- The airline said its May load factor rose to 75.9% from
last year's 72.6%.
DUCKWALL-ALCO STORES (DUCK, 9)-
The discount and variety store operator said May same store sales rose
3.7%. May total sales increased 6.1% to $34.6 million.
LASER POWER CORP (LPWR, 2.56)- The
maker of laser optic products has agreed to merge with Switzerland's Union
Miniere S.A. in a $38.7 million all cash deal. Under the terms of
the deal, Laser Power shareholders will receive $4 per share in cash for
each LPWR share held.
REMEC INC (REMC, 39)- The maker
of microwave components beat estimates by two cents as first quarter
earnings rose to five cents per share from last year's loss of 14 cents.
Revenues increased 31.1% to $56.6 million in the quarter.
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6/01/00 |
AMES DEPARTMENT STORES (AMES, 12)- The
discount retailer said May same store sales increased 1.8%. May
total sales fell 1.9% to $283.1 million.
DILLARDS INC (DDS, 15)- The
department store operator said May same store sales fell 1%. May
revenues slipped to $607.48 million from last year's $609.5 million.
FEDERATED DEPARTMENT STORES (FD, 39)- The
department store operator said May same store sales rose 4.2%. May
total sales increased 3.8% to $1.338 billion.
MFRI INC (MFRI, 4)- The maker of
industrial filtration equipment said first quarter earnings increased by a
penny to six cents per share. Revenues rose 15.6% to $34.155
million. The company's order backlog fell 2.9% to $43 million, but
backlog at its Midwesco Filter and Thermal Care units rose 34.7% and 24.6%
respectively.
TJX COMPANIES (TJX, 22)- The
off-price apparel retailer said May same store sales increased 3%.
May total sales rose 9% to $741 million.
VIROLOGIC INC (VLGC, 7)- The
biotech said its first quarter loss widened to 42 cents per share from
last year's loss of 33 cents. Revenues in the quarter increased to
$0.9 million from last year's $0.1 million.
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5/31/00 |
CHICOS FAS (CHCS, 18)- The
apparel retailer said May same store sales rose 47.4%. May total
sales jumped 77.1% to $20.4 million.
ESTERLINE TECHNOLOGIES (ESL, 14)-
The maker of components used in the aerospace and defense industries beat
estimates by three cents as it reported flat second quarter earnings of 40
cents per share. Second quarter revenues increased 5.2% to $122.1
million.
KMART CORP (KM, 8)- Floyd Hall,
the discount retailer's Chairman, CEO, and President, announced his
immediate resignation. The company announced the appointment of
Charles Conaway as its new Chairman and CEO.
REX STORES CORP (RSC, 32)- The
consumer electronics retailer beat estimates by four cents as first
quarter earnings rose 56% to 42 cents per share. Revenues increased
8% to $107.2 million in the quarter, and same store sales increased 4%.
TRINTECH HOLDINGS PLC (TTPA, 21)- The
maker of e-commerce payment products missed estimates by a penny as it
reported a first quarter loss of nine cents per share, excluding charges,
flat with last year's first quarter. Revenues increased 47% to $8.8
million in the quarter, and license revenues jumped 177% to $4.1
million. The company said gross margins improved to 49% from last
year's 36%.
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5/30/00 |
ACME ELECTRIC CORP (ACEE, 7.43)- The
maker of power conversion equipment has agreed to be acquired by Key
Components LLC for $9 per share in a $56.7 million deal.
AMERICAN POWER CONVERSION (APCC,
30.88)- The maker of PC power surge products will join the S&P 500
Index after Wednesday's close.
BLUE SQUARE-ISRAEL LTD (BSI, 9.63)- The
Israeli supermarket operator said first quarter net profit rose to 27
cents per ADS from last year's 19 cents. Revenues declined 2.3% to
$295.8 million in the quarter. The company attributed the revenue
decline to a late holiday season.
EQUITEX INC (EQTX, 6.81)- The
financial services company said its first quarter loss narrowed to 27
cents per share from last year's loss of 33 cents. First quarter
revenues increased to $1.46 million from last years $267,000.
HISPANIC BROADCASTING CORP (HSP,
69.13)- The Spanish language radio station operator announced a 2 for
1 stock split.
XEROX CORP (XRX, 25.43)- The
maker of copiers and printers received a favorable mention in this
weekend's Barron's. An analyst gave a $50 target for the shares.
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5/29/00 |
MARKET HOLIDAY
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