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THIS MORNING'S STOCKS
WEEK OF 8/20/01-8/24/01 |
8/24/01 |
ADC
TELECOMMUNICATIONS (ADCT, 4.18)- The maker of broadband networking
equipment beat estimates by a penny as it reported a third quarter loss of
five cents per share, compared to last year's profit of 16 cents.
Revenues in the quarter tumbled 38.6% to $547.5 million, above analysts'
estimates of $497 million. The company warned that its fourth
quarter results will fall short of expectations. The company now
sees revenues of $400-$450 million and expects to report a loss of
($0.03)-($0.05) per share, compared to analysts' estimates of revenues of
$520 million and a loss of two cents.
DAVE & BUSTERS INC (DAB, 8.25)-
The restaurant operator warned that its second quarter earnings will fall
short of expectations due to continued economic weakness. The
company now sees earnings of $0.12-$0.14 per share, compared to analysts'
estimates of 19 cents.
ELECTRONICS BOUTIQUE (ELBO, 35.93)-
The interactive games retailer beat estimates by 15 cents as its second
quarter loss narrowed to seven cents per share from last year's loss of 13
cents. Revenues in the quarter rose 39.1% to $175.4 million, and
same store sales jumped 24.8%. The company attributed the improved
results to strong sales of Sony PlayStation 2 and Nintendo Game Boy
products. The company said it sees third quarter revenues of $194
million and earnings of $0.11-$0.14 per share. Analysts were looking
for earnings of eight cents.
MANDALAY RESORT GROUP (MBG, 24.41)- The
casino and resort operator met expectations as its second quarter earnings
fell 18% to 41 cents per share. Revenues in the quarter rose 7.4% to
$644.2 million.
NOVELL INC (NOVL, 4.30)- The
maker of network software beat estimates by four cents as its third
quarter earnings rose one cents to four cents per share. Revenues in
the quarter fell 8.5% to $247 million. The company warned that it
sees fourth quarter revenues of $305-$315 million and breakeven
earnings. Analysts were looking for fourth quarter earnings of three
cents.
VA LINUX SYSTEMS (LNUX, 1.73)-
The provider of Linux application software missed estimates by 12 cents as
its fourth quarter loss narrowed to 44 cents per share, excluding one-time
items, from last year's loss of $1.15. Revenues in the quarter plummeted
68.5% to $16 million, below analysts' estimates of $20 million.
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8/23/01 |
CIENA CORP (CIEN, 17.44)- The
telecom equipment maker will join the S&P 500 Index on an undetermined
date. The shares rose 1.86 in after hours trading on the news.
HOT TOPIC INC (HOTT, 30.65)- The
teen apparel retailer met expectations as its second quarter earnings rose
26.7% to 19 cents per share. Revenues in the quarter increased 39.1%
to $71.9 million, and same store sales rose 2.4%. The shares rose
0.35 in after hours trading on the news.
JD EDWARDS & CO (JDEC, 8.29)-
The enterprise software maker beat estimates by five cents as it reported
a third quarter loss of three cents per share, compared to last year's
profit of two cents. Revenues in the quarter tumbled 21.8% to $204.2
million, below analysts' estimates of $212 million. The company
warned that its fourth quarter results will fall short of
expectations. The company now sees fourth quarter revenues of
$228-$229 million and earnings of four cents per share, compared to
analysts' estimates of revenues of $252 million and earnings of seven
cents. The shares rose 0.52 in after hours trading on the news.
OMNIVISION TECHNOLOGIES (OVTI, 4.60)-
The maker of semiconductor image sensor devices beat estimates by six
cents as its fiscal first quarter earnings fell to two cents per share
from last year's 11 cents. Revenues in the quarter tumbled 37%, but
rose 19% sequentially, to $11.2 million. Gross margins jumped to 45%
from last year's 31%. The shares rose 0.13 in after hours trading on
the news.
RESTORATION HARDWARE INC (RSTO, 4.40)-
The specialty home furnishings retailer missed estimates by a penny as its
second quarter loss widened to 28 cents per share from last year's loss of
20 cents. Revenues in the quarter edged up 3.5% to $74.8 million,
below analysts' estimates of $80 million. Second quarter same store
sales declined 6.3%. Gross margins fell to 20.4% from last year's 26.3%.
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8/22/01 |
CROSSROADS
SYSTEMS (CRDS, 2.64)- The provider of storage networks connectivity
solutions missed estimates by four cents as its third quarter loss
narrowed to 26 cents per share from last year's loss of 30 cents.
Revenues in the quarter jumped 75%, but fell 17.7% sequentially, to $8.4
million. Analysts were looking for revenues of $9 million.
EXODUS COMMUNICATIONS (EXDS, 1.29)-
The provider of web hosting services said three members of its board of
directors resigned, reducing the board's size to seven members.
LANCASTER COLONY CORP (LANC, 34.06)-
The diversified maker of specialty foods and automotive products missed
estimates by seven cents as its fourth quarter earnings fell 11.5% to 54
cents per share. Revenues in the quarter were essentially flat at
$256 million.
ROANOKE ELECTRIC STEEL (RESC, 16.75)-
The maker of steel products said its third quarter earnings tumbled
to a penny per share from last year's 34 cents. Revenues in the
quarter fell 15.9% to $79.42 million. The company attributed its
poor showing to competitive pricing pressures and weak economic
conditions.
SAKS INC (SKS, 10.51)- The
department store operator beat estimates by a penny as its second quarter
loss widened to 30 cents per share from last year's loss of three
cents. Revenues in the quarter fell 8.5% to $1.271 billion, and same
store sales slumped 6.8%.
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8/21/01 |
AAON INC (AAON,
30.11)- The maker of commercial heating and air conditioning equipment
announced a 3 for 2 stock split.
AGILENT TECHNOLOGIES (A, 26.09)- The
electronics maker beat estimates by 11 cents as it reported a third
quarter loss of 24 cents per share, compared to last year's profit of 35
cents. Revenues in the quarter fell 23% to $1.8 billion, and orders
tumbled 54% to $1.32 billion. The company also said it will reduce
its workforce by 9%, or 4,000 employees. The company warned that its
fourth quarter results will fall short of expectations. The company
now sees revenues of $1.3-$1.5 billion, and expects to report a loss of
($0.50)-($0.70) per share. Analysts were looking for fourth quarter
revenues of $1.8 billion and a loss of 17 cents.
AMERICAN EAGLE OUTFITTERS (AEOS,
32.27)- The apparel retailer met expectations as its second quarter
earnings jumped to 21 cents per share from last year's four cents.
Revenues in the quarter rose 40% to $292.4 million, and same store sales
increased 4.6%.
KEY ENERGY SERVICES (KEG, 9.28)-
The oil well service company beat estimates by three cents as it reported
a fourth quarter profit of 25 cents per share, compared to last year's
loss of one cent. Revenues in the quarter jumped 47.3% to $250.3
million.
MEDTRONIC INC (MDT, 44.68)- The
maker of medical devices beat estimates by a penny as its first quarter
earnings rose 17% to 28 cents per share. Revenues in the quarter
increased 14% to $1.456 billion, above analysts' estimates of $1.4
billion.
STAPLES INC (SPLS, 16.22)- The
office products retailer met expectations as its second quarter earnings
fell 10% to nine cents per share. Revenues in the quarter rose 5.2%
to $2.32 billion, but retail same store sales declined 3%. The
company said its Staples.com unit turned profitable during the quarter.
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8/20/01 |
LONGVIEW FIBRE CO (LFB, 12.50)- The
pulp and paper maker beat estimates by six cents as its third quarter
earnings fell two cents to 19 cents per share. Revenues in the
quarter were essentially flat at $220.5 million.
PALL CORPORATION (PLL, 24.54)-
The maker of filtration products warned that its full year earnings will
fall short of expectations. The company now sees earnings of
$1.04-$1.06 per share, compared to analysts' estimates of $1.09. The
company also said it will take a fourth quarter charge of $16 million.
SAMES CORPORATION (SGT, 0.13)-
The maker of electrostatic spray finishing equipment filed a voluntary
Chapter 7 bankruptcy petition.
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