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THIS MORNING'S STOCKS
WEEK OF 7/10/00-7/14/00 |
7/14/00 |
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BED, BATH, & BEYOND (BBBY, 39.56)- The
domestics retailer announced a 2 for 1 stock split.
CABLE DESIGN TECHNOLOGIES (CDT,
37.94)- The maker of fiber optic networking equipment announced a 3
for 2 stock split.
DIAMOND OFFSHORE DRILLING (DO, 35.88)-
The oil services company missed estimates by four cents as second quarter
earnings fell to three cents per share from last year's 39 cents.
Revenues tumbled to $143.3 million from last year's $215.3 million.
HINES HORTICULTURE (HORT, 7)- The
operator of commercial nurseries said second quarter sales rose 43% to
$183.2 million.
SBE INC (SBEI, 23)- The maker of
communications processing products has agreed to acquire networking
company LAN Media Corp in a $8 million all-stock deal.
WATERS CORP (WAT, 136.75)- The
maker of liquid chromatography equipment announced a 2 for 1 stock split.
WESCAST INDUSTRIES (WCST, 29)-
The auto parts maker said second quarter earnings rose 12% to $1.45 per
share. Revenues increased 11% to $106 million in the quarter, but
gross margins slipped to 34.1% from last year's 34.4%.
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7/13/00 |
CITY
NATIONAL CORP (CYN, 39)- The California bank beat estimates by a penny
as second quarter earnings rose 24% to 68 cents per share. Net
interest income increased 37% to $107.8 million in the quarter.
HARVEY ELECTRONICS (HRVE, 2)- The
New York area home theater and audio retailer said June same store sales
increased 41%. Total sales rose 74% to $2.28 million.
INFOCUS CORP (INFS, 32)- The
maker of data-video projection systems beat estimates by four cents as
second quarter earnings rose 78.2% to 41 cents per share. Revenues
rose 35% to $220.7 million in the quarter.
J.P. MORGAN CO (JPM, 122.56)- The
global financial firm beat estimates by 45 cents as second quarter
earnings rose 15% to $2.90 per share. Revenues increased 13% to
$2.479 million in the quarter.
MERITAGE CORP (MTH, 11)- The
homebuilder said second quarter revenues climbed 57% to $121 million, and
its order backlog rose 39% to $305 million.
NATURAL MICROSYSTEMS CORP (NMSS, 104)-
The maker of communications networking products beat estimates by 12 cents
as it reported second quarter earnings of 24 cents per share, excluding a
one time gain, compared to last year's loss of 32 cents. Revenues
increased 83%, and 16% sequentially, to $32.1 million in the quarter.
WHITEHALL JEWELLERS (JWL, 18)-
The jewelry retailer warned that second quarter revenues and earnings will
fall short of expectations due to disappointing same store sales growth.
The company now sees revenues of $73-$75 million and earnings of
$0.02-$0.05 per share in the quarter. Analysts were looking for the
company to earn 19 cents per share in the quarter.
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7/12/00 |
CLEVELAND CLIFFS (CLF,
25.50)- The maker of iron ore pellets warned that second quarter
earnings will fall short of expectations. Analysts were looking for
the company to earn 85 cents per share. The company attributed the
shortfall to higher mining costs and losses at its Cliffs & Associates
Ltd unit. The company also said it will buyback 1 million shares of
its stock.
ELECTRO SCIENTIFIC INDUSTRIES (ESIO,
47.63)- The semiconductor equipment maker beat estimates by five cents
as fourth quarter earnings jumped to 61 cents per share from last year's
11 cents. Revenues increased 90.2%, and 33% sequentially, to $109
million in the quarter.
PROTEIN DESIGN LABS (PDLI, 186.75)-
The developer of humanized antibodies announced a 2 for 1 stock split.
SILICON GRAPHICS (SGI, 3.75)- The
maker of graphics workstations warned that fourth quarter results will
fall short of expectations. The company now sees a loss of 12 cents
per share, compared to analysts' expectations of a loss of eight cents.
The company attributed the shortfall to lower than expected revenues
caused by component shortages and product transition cycles.
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7/11/00 |
ASPECT COMMUNICATIONS (ASPT,
43.88)- The maker of Internet customer relationship software warned
that second quarter earnings and revenues will fall short of expectations
due to slower than expected North American sales, Federal contract delays,
and lower hardware platform sales. The company now sees revenues
rising 23% to $137-$139 million in the quarter, and expects to report
earnings of $0.01-$0.03 per share. Analysts were looking for the
company to earn eight cents. The shares have tumbled 22.38 to 21.50
in pre-open trading on the news.
INFOSYS TECHNOLOGIES (INFY, 182)-
The Indian software maker beat estimates by six cents as first quarter
earnings doubled to 20 cents per ADS. Revenues in the quarter jumped
102% to $80.3 million. The shares are up 6 in pre-open trading on
the news.
VENTANA MEDICAL SYSTEMS (VMSI, 22.13)-
The maker of medical instruments said Board of Directors member Henry T.
Pietraszek has said he engaged in improper trading of the company's stock
and has submitted his resignation.
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7/10/00 |
ACR GROUP INC (ACRG, 1.43)- The
wholesale air-conditioning equipment distributor said its first quarter
earnings fell to two cents per share from last year's six cents.
Revenues in the quarter were flat at $33.2 million. The company
attributed the profit slump to an industry-wide slowdown in April.
DIAGEO PLC (DEO, 36.68)- The food
and drinks maker is reportedly considering the sale of its Pillsbury unit,
according to London's Sunday Times. The report valued Pillsbury at
$8.3-$9.8 billion.
GOODYS FAMILY CLOTHING (GDYS, 4.88)- The
retailer said its President and COO, Harry M. Call, has resigned.
JOHNSON CONTROLS (JCI, 51.81)-
The auto parts maker said it plans to make a $185 million offer for
Japanese auto parts maker Ikeda Bussan.
KRISPY KREME DOUGHNUTS (KREM, 79.50)-
The doughnut maker's shares were called overvalued in an article in this
weekend's Barron's.
STROUDS INC (STRO, 1.31)- The
linens retailer said its first quarter loss widened to 31 cents per share
from last year's loss of 15 cents. Revenues increased 1.1% to $54.2
million in the quarter, but same store sales fell 3.2%.
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