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THIS MORNING'S STOCKS WEEK OF
8/2/99-8/6/99 |
8/6/99 |
DEUTSCHE
TELEKOM (DT, 40.75)- The telecom operator will buy cellular provider
One 2 One from Cable & Wireless and Media One for $13.562 billion in
cash and debt.
FOAMEX INTERNATIONAL (FMXI, 7.56)-
The foam products maker has agreed to be acquired by a privately held
investment group for $11.50 a share. The company also aid its second
quarter earnings fell to 13 cents a share from 36 cents last year, and
gross margins fell to 14% from 18%. The company blamed the lower
margins on "a shift in product mix" and higher materials costs.
NEOPHARM (NEO, 14.75)- The stock
received a favorable mention in this week's Business Week. A money
manager sees the stock as a takeover candidate, with a $50 target price.
SCANIA AB (SCV.A, 30.19)- The truck maker
has agreed to be acquired by Volvo for $7.42 billion. Volvo sees
annual cost savings from the deal of $489-$611 within three years.
Scania shares are up 25% on the news. Separately, Scania announced a
50.5% jump in first half operating profit.
SCI SYSTEMS (SCI, 53.43)- The
electronics company beat estimates by 3 cents, earning 60 cents a share in
its fourth quarter. Revenues rose to $1.8 billion from $1.59
billion.
VERIO (VRIO, 67.88)- The provider
of web hosting services said its second quarter loss narrowed to $1.22 a
share from $1.44 last year. Analysts were looking for a loss of
$1.31. Revenues jumped 117% to $61.9 million in the quarter. |
8/5/99 |
BARCLAYS
PLC (BCS, 118.5)- The bank's shares are up 20 pence in London after it
reported better than expected first half profits of 46.2 pence a
share. Analysts were looking for 39.5 pence. The company said
it will cut 1,000 jobs as part of an ongoing cost reduction effort.
800-JR-CIGAR (JRJR, 10.5)- The
cigar seller missed estimates by 7 cents, earning 21 cents a share in its
second quarter. Operating profit fell 30.5% in the quarter, and
gross margins declined to 17.6% from 16.9%. Revenues rose 12.5% to
$78.8 million in the quarter.
GOTO.COM (GOTO, 29.63)- The search
engine reported a second quarter loss of 46 cents a share. Revenues
rose to $3.6 million in the quarter.
KITTY HAWK (KTTY, 6.63)- The
provider of air logistics services earned 23 cents a share in its second
quarter, beating estimates by 3 cents. Revenues rose to $168 million
from $155.8 million last year.
VIATEL (VYTL, 37)- The
communications network operator reported a narrower than expected loss of
$1.77 a share. Analysts were looking for the company to lose
$1.88. Revenues rose 147.6% to $68.7 million in the quarter. |
8/4/99 |
APPLIED
MICRO CIRCUITS (AMCC, 95.38)- The chip maker announced a 2 for 1 stock
split.
CHIRON (CHIR, 25.94)- The
drugmaker beat estimates by 4 cents, earning 18 cents a share in its
second quarter. Revenue rose 16% to $189 million in the
quarter. The shares rose 3/8 in after hours trading on the news.
FILA HOLDINGS (FLH, 10.13)- The
athletic shoemaker reported a wider than expected second quarter loss of
$1.10 a share, compared to analysts' estimates of an 86 cent loss. Revenues
fell 19% to $186.3 million in the quarter. The company's total
backlog fell 12%.
HOECHST AG (HOE, 44.38)- The drug
and chemical maker's second quarter earnings and revenues fell short of
expectations. HOE lost 188 million euros in the quarter as revenues
slipped 2% to 4.6 billion euros.
HOLLYWOOD ENTERTAINMENT (HLYW, 17)-
The video retailer beat estimates by a penny, earning 20 cents a share in
its second quarter. Revenue rose 50% to $250.4 million in the
quarter.
INTIMATE BRANDS (IBI, 44.5)- The
lingerie retailer said second quarter sales rose 16% to $1.017 billion and
same store sales jumped 12% in the quarter. The company expects
second quarter earnings to rise 21% to 34 cents a share, a penny above
current analyst estimates. The company is scheduled to release its
full earnings statement on August 11th.
LIMITED INC (LTD, 44.88)- The
apparel retailer said it expects second quarter earnings before charges to
double to 26 cents a share, beating the current consensus estimate
by 7 cents. the company also said that July same store sales rose
7%.
LINC CAPITAL (LNCC, 7.75)- The
provider of equipment leasing financing warned that higher than expected
"portfolio-related expenses" will cause second quarter earnings
to come in below current analysts estimates. Linc sees earnings
of $0.10-$0.12 a share in the quarter, analysts were looking for 18
cents.
SFX ENTERTAINMENT (SFX, 43.94)-
The company said that it has agreed to acquire the U.K.'s Apollo Leisure
Group, an operator of arenas and theaters, for $254 million.
THE GLOBE.COM (TGLO, 12.88)- The
Internet company reported a narrower than expected second quarter loss of
27 cents a share. Analysts were looking for a loss of 33 cents.
TMP WORLDWIDE (TMPW, 45.25)- The
company beat estimates by 2 cents, earning 30 cents a share in its second
quarter. |
8/3/99 |
1-800-FLOWERS.COM
(FLWS, 21)- The online flower seller's shares were priced at
$21. Trading begins today.
AMFM INC (AFM, 52.38)- The radio
station operator reported a narrower than expected second quarter loss of
16 cents a share, compared to estimates of a 26 cent loss. The
company had a profit of 1 cent a share in last year's second
quarter. Revenues rose 34.9% to $434.1 million in the quarter.
CIGNA CORP (CI, 89.5)- The health
insurer beat estimates by 8 cents, earning $1.22 a share in the second
quarter.
CLEVELAND CLIFFS (CLF, 31.19)-
The maker of iron ore pellets warned that depressed conditions in the
steel industry would force it to temporarily halt production at three of
its mines. The company sees 1999 sales falling to 9 million tons
from last year's 12.1 million tons.
EMULEX CORP (EMLX, 108)- The
company announced a 2 for 1 stock split.
HENRY SCHEIN (HSIC, 20.88)- The
healthcare products distributor met estimates with a 21% rise in earnings
to 40 cents a share in its second quarter. Revenues rose 18% to $559
million in the quarter. The company also warned that Dental sales
will be flat to down 5% in the third quarter and it expects the slower
than expected sales from its Dental division to negatively impact second
half earnings.
IVILLAGE (IVIL, 40.13)- The web
site operator lost $17.1 million in its second quarter, twice its revenues
of $8.1 million.
NATIONAL WESTMINSTER BANK PLC (NW,
119)- The banking group said first half profits rose 12% to 45.1
pence a share, beating expectations of a 39.9 pence profit. The
bank's provision for bad debt rose 31% to 105 billion pounds. |
8/2/99 |
HAVERTY
FURNITURE (HAVT, 31.68)- The company announced a 2 for 1 stock split
and a 1/2 cent a share rise in its dividend to 10 cents.
HSBC HOLDINGS (HBC, 60.25)- The
banking group beat expectations as first half after tax profits rose 11%
to $2.7 billion.
INDIANA
ENERGY (IEI, 21.56)- The gas utility reported third quarter earnings
of 11 cents a share, beating estimates by 6 cents. The company also
said it will raise its quarterly dividend from $0.2325 to $0.2425.
KLLM TRANSPORT SERVICES (KLLM, 5.94)-
The trucking company earned 10 cents a share in its second quarter, below
analysts expectations of a 20 cent profit. Revenue in the quarter
inched up to $61.2 million from $60.1 million last year. The company
cited higher fuel prices and a driver pay increase for the lower than
expected results.
MCKESSON HBOC (MCK, 31.06)- The
drug distributor received a favorable mention in this weekend's Barron's
with a $40 year end price target.
MOVADO GROUP (MOVA, 24.25)- The
watchmaker received a favorable mention in Barron's which said its stock
"looks inexpensive" at current levels.
TERADYNE (TER, 74.25)- The company announced a 2 for 1 stock split.
TODD-AO (TODDA, 14)- The operator of motion picture post production
studies has agreed to sell a controlling interest in the company to ATT-Liberty Media Group.
Shareholders will receive 1 share of Liberty Media for every 2.5 shares of
Todd-AO held (about $14.86 a share). After the transaction Liberty
Media will own 100% of the company's Class B shares and 50% of its Class A
shares, giving it a 82% voting interest and 57% ownership stake.
UNIFAB INTERNATIONAL (UFAB, 8.5)- The oil equipment maker missed
estimates, earning 2 cents a share in its first quarter. Analysts
were looking for 15 cents a share. Revenue fell to $16.255 million
in the quarter from $31.419 million last year. The company blamed
the poor results on industry wide conditions and a "delay in contract
awards", but said it sees conditions improving going forward. |
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