ABERCROMBIE
& FITCH (ANF, 30.09)- The apparel retailer beat estimates by a
penny as its second quarter earnings rose 14% to 24 cents per share.
Revenues in the quarter increased 22% to $280.1 million, above analysts'
estimates of $277 million. Same store sales fell 8%.
APPLIED MATERIALS (AMAT, 43.65)- The
semiconductor equipment maker beat estimates by two cents as its third
quarter earnings fell 93% to five cents per share. Revenues in the
quarter tumbled 51%, and 30% sequentially, to $1.33 billion.
Analysts were looking for revenues of $1.3 billion. New orders
declined 63%, and 11% sequentially, to $1.21 billion. Quarter-end
backlog fell to $2.65 billion from the second quarter's $3.05
billion. Gross margins fell to 40% from last year's 50.9%. The
shares rose 1.40 in after hours trading on the news.
BALLY TOTAL FITNESS HOLDING (BFT,
26.00)- The operator of fitness centers filed for a secondary offering
of 6 million shares, representing a 20.8% dilution to present
shareholders. All proceeds of the planned offering will be used for
"future acquisitions".
BEA SYSTEMS
INC (BEAS, 18.60)- The maker of e-business infrastructure software
beat estimates by a penny as its second quarter earnings doubled to 10
cents per share. Revenues in the quarter increased 44% to $267.8
million, below analysts' estimates of $279 million. The company
warned that it sees third quarter revenues of $260-$275 million,
significantly below analysts' estimates of $312 million. The company
attributed the lowered forecast to continued weakness in IT
spending. The shares rose 1.03 in after hours trading on the news.
FOAMEX INTERNATIONAL (FMXI, 7.99)-
The maker of foam cushioning products beat estimates by a penny as its
second quarter earnings rose 28.1% to 41 cents per share. Revenues
in the quarter fell 2.6% to $314.3 million.
FUTURELINK CORP (FTRL, 0.38)- The
integrator of enterprise software applications filed for Chapter 11
bankruptcy protection.
NVIDIA CORP (NVDA, 85.85)- The
maker of multimedia chips beat estimates by two cents as its second
quarter earnings rose 53.6% to 43 cents per share. Revenues in the
quarter increased 53% to $260.3 million, in line with expectations.
The company said it sees full year earnings of $1.80 per share, compared
to analysts' estimates of $1.74. The company also announced a 2 for
1 stock split. The shares fell 0.70 in after hours trading on the
news.
PUMATECH INC (PUMA, 1.90)- The
maker of enterprise-level software products warned that its fourth quarter
revenues will fall below analysts' expectations. The company now
sees revenues of $7-$7.5 million, compared to analysts' estimates of $9.7
million. The company also said it has reduced its workforce by 35%
since April.
TITAN CORP (TTN, 18.47)- The
developer of communications and IT technology products and services met
expectations as its second quarter earnings fell 64.7% to six cents per
share. Revenues in the quarter increased 10% to $280 million, above
analysts' estimates of $273 million.
UNITED RETAIL GROUP (URGI, 8.79)-
The large-size women's apparel retailer beat estimates by two cents as its
second quarter earnings fell to two cents per share from last year's nine
cents. Revenues in the quarter slipped 1.2% to $107.3 million, and
same store sales declined 8%.
XCARE.NET INC (XCAR, 13.99)- The
provider of business integration products and services beat estimates by
four cents as its second quarter loss narrowed to seven cents per share
from last year's loss of 31 cents. Revenues in the quarter jumped
236% to $9 million, compared to analysts' expectations of $8.8
million. Gross margins improved to 31.2% from the first quarter's
25%. The company said it sees third quarter revenues of $15.5-$17.5
million and earnings of $0.05-$0.07 per share, significantly above
analysts' estimates of revenues of $11 million and earnings of a
penny. The shares rose 0.66 in after hours trading on the news.