ALTIGEN COMMUNICATIONS (ATGN, 7)- The
maker of telecom servers met expectations as its third quarter loss
narrowed to 15 cents per share from last year's loss of $1.66.
Revenues increased 112%, and 28% sequentially, to $4.05 million.
BENCHMARK ELECTRONICS (BHE, 49.19)-
The contract electronics manufacturer missed estimates by three cents as
its second quarter earnings fell to 21 cents per share from last year's 41
cents. Revenues increased 16% sequentially to $407 million in the
quarter, and gross margins rose to 7.3% from the first quarter's 6.8%.
CINTAS CORP (CTAS, 45.25)- The
provider of uniform rental services received an unfavorable mention in
this weekend's Barron's. The stock was called 50% overvalued.
MORTONS RESTAURANT GROUP (MRG, 20)-
The restaurant operator beat estimates by three cents as second quarter
earnings improved 16.2% to 43 cents per share. Revenues increased
20.1% to $58.6 million in the quarter. Same restaurant sales rose
9.9%.
MPOWER COMMUNICATIONS (MPWR, 55.50)-
The provider of broadband services announced a 3 for 2 stock split.
POWER-ONE INC (PWER, 139)- The
maker of power conversion devices beat estimates by a penny as second
quarter earnings rose to 28 cents per share from last year's six
cents. Revenues increased 120% to $114 million in the quarter.
The company said its backlog rose 81% sequentially to $196 million.
PRAXAIR (PX, 39.75)- The maker of
industrial gases missed estimates by a penny as second quarter earnings
rose 15.2% to 76 cents per share. Revenues increased 10% to $1.265
billion in the quarter.
PREMIER BANCORP (PPA, 7.75)- The
bank holding company said second quarter earnings fell 10% to 18 cents per
share.
PRICELINE.COM INC (PCLN, 40)- The
Internet consumer services company beat estimates by two cents as its
second quarter loss narrowed to a penny per share from last year's loss of
10 cents. Revenues increased 216% to $352.1 million in the
quarter. The company said its customer base grew to 6.8 million from
5.3 million in the first quarter.
RHODIA (RHA, 16.13)- The
specialty chemicals maker has agreed to acquire ChiRex Inc (CHRX,
20.13), a provider of outsourced services to drug companies, for
$31.25 per share in an all-cash deal valued at $510 million.
CHRX
RHA