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THIS MORNING'S STOCKS
WEEK OF 7/09/01-7/13/01 |
7/13/01 |
ACTUATE
CORP (ACTU, 6.98)- The maker of information delivery software beat
estimates by a penny as it reported flat second quarter earnings of four
cents per share. Revenues in the quarter increased 33% to $32.5
million, above analysts' estimates of $32 million. The company
warned that it sees third quarter revenues of $30-$32.5 million and
earnings of $0.02-$0.04 per share, compared to analysts' estimates of
revenues of $34 million and earnings of $0.02-$0.04 per share.
JUNIPER NETWORKS INC (JNPR, 28.47)-
The maker of IP infrastructure networking products beat estimates by a
penny as its second quarter earnings rose one cent to nine cents per
share. Revenues in the quarter increased 79% to $202.2 million,
below analysts estimates of $220 million.
KIMBERLY-CLARK CORP (KMB, 55.03)-
The maker of tissue and consumer health care products warned that it sees
flat second quarter earnings of 81 cents per share. Analysts were
looking for the company to earn 83 cents. The company attributed the
shortfall to currency effects, higher energy costs, and capacity
limitations.
RAMBUS INC (RMBS, 10.88)- The
developer of memory chip products missed estimates by a penny as its third
quarter earnings fell to three cents per share from last year's four
cents. Revenues in the quarter increased 31%, but fell 25%
sequentially, to $23.3 million. Analysts were looking for revenues
of $22 million. The company warned that it sees fourth quarter
revenues declining 20% to $18.6 million, substantially below analysts'
estimates of $26 million.
RSA SECURITY INC (RSAS, 29.95)-
The provider of Internet security and encryption products missed estimates
by a penny as its second quarter earnings rose 17.7% to 17 cents per
share. Revenues in the quarter increased 21% to $80.8 million, below
analysts' estimates of $84 million. The company warned that its
third quarter and full year results will fall short of expectations due to
a "weak economy". The company now sees third quarter
revenues of $72-$80 million and earnings of $0.09-$0.14 per share,
compared to analysts' estimates revenues of $91 million and earnings of 20
cents. The company sees full year revenues of $307-$327 million and
earnings of $0.54-$0.67 per share, compared to analysts' estimates of
revenues of $355 million and earnings of 77 cents.
STAMPS.COM INC (STMP, 3.20)- The
provider of Internet-based postage services beat estimates by three cents
as its second quarter loss narrowed to 10 cents per share from last year's
loss of 72 cents. Revenues in the quarter increased 38% to $5.1
million, inline with expectations. The company lowered its full year
revenue guidance to $22 million from the previous $23 million.
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7/12/01 |
ADVANCED ENERGY
INDUSTRIES (AEIS, 32.19)- The maker of plasma-based systems missed
estimates by six cents as it reported a second quarter loss of 15 cents
per share, compared to last year's profit of 40 cents. Revenues in
the quarter tumbled 46%, and 38% sequentially, to $46.2 million. The
company warned that it sees a third quarter loss of ($0.16)-($0.19) per
share, compared to last year's loss of six cents.
AMES DEPARTMENT STORES (AMES, 1.23)-
The discount department store operator said its June same store sales fell
4.8%. June total sales declined 5.4% to $327.6 million. The
company attributed the sales falloff to economic weakness.
AVX CORPORATION (AVX, 19.02)- The
maker of electronic components met lowered expectations as its first
quarter earnings slumped to 17 cents per share from last year's 68
cents. Revenues in the quarter fell to $365.1 million from last
year's $602.4 million.
BARNES GROUP INC (B, 22.65)- The
maker of precision metal parts said its second quarter earnings fell 26.5%
to 36 cents per share. Revenues in the quarter rose 6% to $199.5
million.
CUMMINS INC (CUM, 39.45)- The
maker of commercial diesel engines beat estimates by three cents as its second
quarter earnings slid to six cents per share from last year's $1.62.
Revenues in the quarter declined 17.5% to $1.46 billion. The company
said it sees full year earnings of $0.20-$0.35 per share, above analysts'
estimates of 17 cents.
DOLE FOOD CO INC (DOL, 19.83)-
The producer of fruits and vegetables met expectations as its second
quarter earnings, excluding one-time items, rose 11% to 90 cents per
share. Revenues in the quarter slipped to $1.23 billion from last
year's $1.24 billion. The shares are up 0.92 in pre-open trading on
the news.
GENERAL ELECTRIC (GE, 44.61)- The
conglomerate met expectations as its second quarter earnings rose 15% to
39 cents per share. Revenues in the quarter fell 3% to $32
billion. Operating margins improved to 20.6% from last year's
20.4%. The company said it expects full year earnings to exceed
$1.45 per share. Analysts were looking for full year earnings of
$1.47. The shares are up 0.81 in pre-open trading on the news.
HARLEY-DAVIDSON INC (HDI, 46.29)-
The motorcycle maker beat estimates by three cents as its second quarter
earnings rose 26.7% to 38 cents per share. Revenues in the quarter
increased 12.7% to $850.9 million. Gross margins improved to 34.7%
from last year's 34.1%.
NORTH FORK BANCORPORATION (NFB,
31.00)- The bank beat estimates by two cents as its second quarter
earnings rose 14% to 49 cents per share.
REDBACK NETWORKS (RBAK, 6.51)-
The maker of broadband equipment beat estimates by three cents as its
second quarter loss widened to 26 cents per share from last year's loss of
five cents. Revenues in the quarter increased 22% to $59.4
million. Analysts were looking for revenues of $68 million.
The shares are up 0.59 in pre-open trading on the news.
TJX COMPANIES INC (TJX, 30.50)-
The off-price apparel retailer said June same store sales increased
2%. June total sales rose 10% to $957 million. The company
warned that it sees second quarter earnings of 40 cents per share,
compared to analysts' estimates of 42 cents.
YAHOO INC (YHOO, 17.03)- The
Internet portal beat estimates by a penny as its first quarter earnings
slumped to one cent per share from last year's 11 cents. Revenues in
the quarter tumbled to $182.2 million from last year's $273 million.
Analysts were looking for revenues of $175 million. The company said
it sees third quarter revenues of $160-$180 million and breakeven
earnings, compared to analysts' estimates of revenues of $181 million and
earnings of one cent per share. The shares are up 1.59 in pre-open
trading on the news.
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7/11/01 |
COMPAQ
COMPUTER (CPQ, 13.78)- The computer maker warned that its second
quarter revenues will fall short of expectations. The company now
sees revenues of $8.4 billion, compared to analysts' estimates of $8.8
billion. The company said it expects to meet analysts' earnings
estimates of $0.04 per share. The company also announced 4,000
additional job cuts, and said it will take a second quarter restructuring
charge of $490 million. The shares are up 0.39 in pre-open trading
on the news.
COMVERSE TECHNOLOGY INC (CMVT, 39.02)-
The maker of multimedia communications systems warned that its second
quarter and full year results will fall short of expectations due to a
"capital spending recession" in the communications
industry. The company now sees second quarter revenues of $345
million and full year revenues of $1.38 billion, compared to analysts'
estimates of $369 million and $1.5 billion, respectively. The
company sees second quarter earnings of 28 cents per share and full year
earnings of $1.37, compared to analysts' estimates of 43 cents and $1.79,
respectively. The shares have tumbled 11.63 in pre-open trading on
the news.
DOUBLECLICK INC (DCLK, 12.02)-
The Internet advertising network beat estimates by a penny as its second
quarter loss widened to seven cents per share from last year's loss of
three cents. Revenues in the quarter tumbled 20% to $101.9 million,
in line with estimates. The company warned that it sees third
quarter revenues of $96-$102 million, and expects to report a loss of nine
cents per share. Analysts were looking for revenues of $108 million
and a loss of four cents in the quarter. The company said the
current Internet advertising downturn could continue until early next
year. The shares are down 0.42 in pre-open trading on the news.
PACIFIC SUNWEAR OF CALIFORNIA (PSUN,
19.41)- The teen apparel retailer said June same store sales fell
7.4%. June total sales increased 10.7% to $57.9 million. The
company said it sees second quarter earnings at the low end of $0.13-$0.17
per share, compared to analysts' estimates of 14 cents. The shares
are down 0.46 in pre-open trading on the news.
PEPSI BOTTLING GROUP INC (PBG, 42.03)-
The soft drink bottler beat estimates by two cents as its second quarter
earnings rose 17.2% to 58 cents per share. Revenues in the quarter
increased 7.5% to $2.06 billion.
TIFFANY & CO (TIF, 34.73)-
The luxury goods retailer said it sees second quarter earnings of
$0.23-$0.25 per share, compared to analysts' estimates of $0.25.
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7/10/01 |
BLUE MARTINI SOFTWARE
INC (BLUE, 2.40)- The CRM software maker warned that its second
quarter results will fall short of expectations due to continued economic
weakness. The company said it sees revenues of $15-$16 million, and
expects to report a loss of ($0.31)-($0.32) per share. Analysts were
looking for revenues of $18 million and a loss of 27 cents. The
company said it plans to cut 25% of its workforce, and take a third
quarter restructuring charge of $4-$6 million.
CORNING INC (GLW, 15.10)- The
fiber optics maker warned that its second half earnings will fall short of
analysts' expectations of 38 cents per share. The company sees the current
industry downturn lasting at least 12 months. The company said it will
take a second quarter charge of $5.1 billion. The company plans to
reduce its workforce by 1,000 employees. Separately, the company
said it will eliminate its quarterly dividend. The shares are up
0.25 in pre-open trading on the news.
GUITAR CENTER INC (GTRC, 19.80)-
The musical instrument retailer warned that its second quarter results
will fall short of expectations due to weak economic conditions and
"logistics issues". The company now sees revenues of $213
million and earnings of $0.17-$0.18 per share, compared to analysts'
estimates of revenues of $216 million and earnings of 20 cents. The
shares are down 2.35 in pre-open trading on the news.
TRANSACTIONS SYSTEMS ARCHITECTS
(TSAI, 11.40)- The software maker warned that its third quarter
results will fall short of expectations due to weak IT spending. The
company now sees revenues of $72-$74 million, and earnings of $0.01-$0.04
per share. Analysts were looking for the company to earn 15
cents. The shares are down 0.40 in pre-open trading on the news.
XEROX CORP (XRX, 9.08)- The
document imaging company said it will eliminate its quarterly stock
dividend. The company expects the move to result in $140 million in
annual cost savings.
|
7/09/01 |
ALLOY ONLINE INC (ALOY, 13.99)- The
teen web site operator and direct marketer has agreed to acquire teen
marketing company CASS Communications for $9.7 million in cash and 1.7
million ALOY shares in a deal valued at $33.5 million.
CHILDRENS PLACE RETAIL STORES (PLCE,
25.90)- The children's apparel retailer said its June same store sales
tumbled 16%. June total sales increased 5% to $43.4 million.
DR HORTON INC (DHI, 23.98)- The
homebuilder said its third quarter revenues increased 21% to $1.2 billion,
above analysts' expectations of $1.0 billion.
NCR CORPORATION (NCR, 44.77)- The
maker of ATMs and CRM applications warned that its second quarter earnings
will fall short of previous expectations due to continued economic
weakness. The company now sees earnings of $0.35-$0.37per share,
compared to analysts' estimates of 57 cents.
OPTI INC (OPTI, 3.82)- The
chipmaker warned that its second quarter revenues will decline 20%-25%
sequentially from the first quarter's levels.
PATTERSON DENTAL CO (PDCO, 33.23)-
The maker of dental products has agreed to acquire veterinary products
distributor J.A. Webster Inc in a $92.5 million cash and stock deal.
The company expects the acquisition to be $0.03-$0.04 per share accretive
to 2002 earnings.
REGIS CORPORATION (RGIS, 18.60)-
The hair salon operator said its June same salon sales rose 1.8%.
June total sales increased 16% to $122 million.
SAFEWAY INC (SWY, 48.01)- The
supermarket operator met expectations as its second quarter earnings rose
16% to 63 cents per share. Revenues in the quarter increased 7.7% to
$8 billion, and same store sales increased 1.7%. Gross margins
improved to 31.16% from last year's 29.7%.
SUREBEAM CORP (SURE, 16.10)- The
maker of electronic pasteurization systems said its second quarter results
will exceed analysts' expectations. The company now sees revenues of
$8-$10 million and earnings of $0.05-$0.07 per share, compared to
analysts' estimates of a loss of 18 cents.
TITAN CORPORATION (TTN, 20.69)-
The provider of communications and technology solutions said it sees
second quarter revenues of $275-$280 million, compared to analysts'
estimates of $273 million.
UNITED MICROELECTRONICS CORP (UMC,
8.19)- The chipmaker said its June sales fell 14.4% from May, and 52%
from last June, to $122.6 million.
WEBVAN GROUP INC (WBVN, 0.06)-
The online grocer said it will file for Chapter 11 bankruptcy
protection. The company said it has "ceased operations in all
markets", and plans to layoff all of its remaining 2,000
employees. The company also said it no longer plans to go ahead with
its previously announced 1 for 25 reverse stock split.
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