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THIS MORNING'S STOCKS WEEK OF
8/16/99-8/20/99 |
8/20/99 |
BOOKS-A-MILLION
(BAMM, 10.06)- The bookseller reported breakeven results for its
second quarter, beating analysts' estimates of a 3 cent loss. Sales
rose 15.3% to $89.9 million in the quarter, and same store sales increased
5.4%.
BORDERS GROUP (BGP, 13)- The bookseller
met expectations of a second quarter loss of 3 cents a share as revenues
climbed $15.6% to $631 million.
COHU INC (COHU, 38.38)- The
company announced a 2 for 1 stock split.
DILLARDS (DDS, 29.5)- The
retailer missed estimates by 14 cents, earning 34 cents a share in its
second quarter. The compared cited lower than expected sales at
stores acquired in its purchase of Mercantile Stores, and an increase in
S,G,&A expenses at the acquired stores for the disappointing
results. The company said that the problems could continue into the
third quarter.
DUN & BRADSTREET (DNB, 30.68)-
The company warned that third quarter earnings will be below current
analysts' estimates of $0.40-$0.41, and full year earnings will be
$1.62-$1.65, compared to estimates of $1.73-$1.75. The company
blamed the shortfall on lower than expected July revenue at its U.S. Dun
& Bradstreet operating unit.
EXABYTE (EXBT, 3.88)- The maker
of storage devices said it will reduce its workforce by 200 and take a
$2.8 million third quarter charge as part of a restructuring . The
company expects the move to result in annual savings of $12 million.
FLORIDA PANTHERS HOLDINGS (PAW,
10.19)- The resort and hockey team operator reported a wider than
expected fourth quarter loss of 13 cents a share. Analysts were
looking for a loss of 9 cents. Revenue rose to $87.1 million from
last year's $71.9 million.
NOVELL (NOVL, 24.88)- The
software maker's third quarter earnings rose 100% to 14 cents a share,
beating estimates by a penny. Revenues jumped 20% to $327 million in
the quarter. |
8/19/99 |
AMERICAN
EAGLE OUTFITTERS (AEOS, 37.56)- The apparel retailer's second quarter
earnings rose 77% to 35 cents a share, beating estimates by 4 cents.
Revenues rose 42% to $178.6 million in the quarter as same store sales
leapt 19.8%.
BOMBAY CO (BBA, 5.68)- The
furniture retailer earned 1 cent in its second quarter, meeting
expectations. Revenue rose to $90.7 million in the quarter from $82
million last year. The company said its same store sales rose 5% in
the quarter.
CORECOMM (COMMF, 46.19)- The
company announced a 3 for 2 stock split.
FIRST BANCORP (FNBC, 27)- The
bank holding company announced a 3 for 2 stock split.
MICRON ELECTRONICS (MUEI, 11)-
The PC maker has acquired web hosting provider HostPro for an undisclosed
amount.
NATIONAL COMPUTER SYSTEMS (NLCS, 37)-
The information services company beat expectations by 4 cents, earning 40
cents a share as revenues rose 31% to $167.7 million.
ONSALE (ONSL, 16.25)- The online
closeout retailer said it expects third quarter revenues to grow 8%-12%
sequentially ($6-$10 million), and fourth quarter sequential revenue
growth of 15%-20%. The company expects third quarter marketing
expenses to increase by $14-$15 million. The revenue growth is below
expectations. The added costs do not include costs related to the
companies proposed merger with Egghead.com, Onsale will provide guidance
on merger related costs once the merger is completed. The shares
rose 1 1/2 in after hours trading on the news.
SMARTMODULAR TECHNOLOGIES (SMOD, 20)-
The maker of computer memory products missed estimates by 2 cents, earning
31 cents a share in its third quarter. Revenues rose 49% to $223.6
million in the quarter. The company also announced the acquisition
of Compaq's embedded computer product unit. Terms were not
disclosed. |
8/18/99 |
APPLIED
MATERIALS (AMAT, 71.75)- The semiconductor equipment maker earned 61
cents a share in its third quarter, beating estimates by 8 cents.
Revenues rose 62% from the prior year, and 28% sequentially, to $1.43
billion. The company said new orders rose 40% from last year, and 5%
sequentially to $1.46 billion. Gross margin rose to 48.7% from 46.3%
in the second quarter. The shares fell 1 5/8 on the news in after
hours trading.
CABLE DESIGN TECHNOLOGIES (CDT,
18.94)- The maker of data transmission cables expects fourth quarter
earnings of at least 40 cents, compared to current analysts' estimates of
35 cents. The company cited a moderation of Y2K related spending for
the improved outlook.
DELL COMPUTER (DELL, 41.13)- The
PC maker beat estimates by 2 cents, earning 19 cents a share in its second
quarter, an increase of 58%. Revenue rose 42% to $6.1 billion in the
quarter. The company said its Internet based sales now represent 40% of
its revenues. Shipments rose 55% in the quarter, twice the industry
average. The shares rose 2 points in after hours trading on the
news.
HADCO CORP (HDCO, 41.88)- The
electronics company beat estimates by 4 cents, earning 48 cents a share in
its second quarter. Sales rose 25% to $252.4 million in the
quarter. The company said its book-to-bill ratio is 1.01.
KOHLS (KSS, 71.75)- The
retailer's second quarter earnings rose 44% to 27 cents a share, beating
analysts' estimates of a 23 cent profit. Revenue rose to $939.5
million from $758.7 million, and same store sales jumped 8.8% in the
quarter.
LYCOS (LCOS, 42.31)- The Internet
portal earned 1 cent a share in its fiscal fourth quarter, before charges,
beating estimates by a penny. Revenue rose 137% to $45.1 million in
the quarter. The company said average daily page views grew 17% in
the quarter.
OLSTEN CORP (OLS, 9.5)- Adecco SA
has agreed to buy the company's staffing and information technology units
in a $1.4 billion deal. Olsten shareholders will receive $8.75 a
share from Adecco, and one share of Olsten's $1.3 billion in revenues
health services unit which will be spun off to shareholders.
READERS DIGEST (RDA, 31.63)- The
magazine publisher beat estimates by 2 cents, earning 15 cents a share in
its fourth quarter. Fourth quarter revenue fell 16% to $530.5
million.
SAKS INC (SKS, 19)- The retailer
earned 18 cents a share in its second quarter, meeting expectations.
Revenue rose 11% to $1.43 billion, and same store sales grew 4% in the
quarter. The company warned, however, that it now sees full year
profits of $1.80 a share, below analysts' current estimate of a full
year profit of $2.16.
SIZZLER INTERNATIONAL (SZ, 2.88)-
The steakhouse said earnings rose 21.6% to 9 cents a share in its latest
quarter, the 10th consecutive quarterly rise in net income. Revenues
rose 8.4% to $57 million in the quarter, the first quarterly rise in 7
years. The shares are trading at 10 times earnings and at 0.36 times
sales.
SPORTS AUTHORITY (TSA, 3.63)- The
beleaguered sporting goods retailer reported second quarter earnings of 7
cents a share, missing estimates by a penny. Revenue fell 9.8% to
$385.5 million, and same store sales tumbled 8.1% in the quarter.
Gross margins fell to 26.2% from 26.6%. Inventories during the
year's first 6 months rose to $392.7 million from $367.9 million. |
8/17/99 |
BURLINGTON
RESOURCES (BR, 45.31)- The oil and gas explorer has agreed to acquire
Canada's Poco Petroleums Ltd. for approximately C$16.78 per share in
a $2.5 billion stock and debt deal. The companies expect the
transaction to be accretive to earnings and cash flow this year.
CRIIMI MAE (CMM, 2.43)- The
commercial mortgage company reported a second quarter loss of 4 cents a
share, compared to last year's profit of 85 cents. Total interest income
rose to $55.6 million from last year's $49.58 million. The company
continues to operate under Chapter 11 bankruptcy protection.
HEWLETT PACKARD (HWP, 110.31)-
The PC maker's third quarter earnings rose 37% to 81 cents a share,
beating expectations by a penny. Revenues rose 11% to $12.2 billion
in the quarter. The company reported record shipments of consumer
PC's during the quarter.
HOTT TOPIC (HOTT, 29.06)- The
apparel retailer beat estimates by 8 cents, earning 24 cents a share in
its second quarter, up from last year's 7 cents. Revenues rose 58%
to $32.78 million in the quarter. Same store sales jumped 16.9% in
the quarter.
PARACELSUS HEALTHCARE (PLS, 1.25)-
The hospital owner lost 14 cents a share in its second quarter as revenues
declined to $143.3 million from last year's $176.7 million. The
company said it remains in compliance with NYSE listing requirements.
PAXSON COMMUNICATIONS (PAX, 16.43)-
The television station owner reported a much wider than expected loss of
$1.35 a share. Analysts were looking for a loss of 86 cents a
share. Revenues rose 90.5% to $57.9 million in the quarter.
The company said its PAX TV network now reaches 76% of U.S. TV households.
PROVIDENT AMERICAN (PAMC, 19)-
The insurer's second quarter loss widened to 88 cents a share from last
year's loss of 20 cents. The company also said it has agreed to sell
its Provident Indemnity Life Insurance to AHC Acquisition. The sale
will mark the company's exit from the insurance business. Provident
plans to refocus its efforts on its HealthAxis.com unit.
XOMA CORP (XOMA, 7.63)- The
biotech reported a second quarter loss of 24 cents a share, compared to
estimates of a breakeven quarter. The shares fell 1 1/2 in after
hours trading. |
8/16/99 |
AG
CHEM EQUIPMENT (AGCH, 9.38)- The farm equipment maker's third quarter
loss widened to 6 cents a share from last year's loss of 5 cents. No
analyst estimates were available.
AIR CANADA (ACNAF, 4.19)- The
airline's shares could get a boost in today's trading after the Canadian
government's decision to ease anti-competition rules in the airline
industry for 90 days in an effort to help ailing Canadian Airlines.
BERKSHIRE HATHAWAY (BRKa, 66,100)-
The company's second quarter operating profits fell to $197 a share from
$251 last year. The company blamed lower profits at its General Re
and GEICO units for the lower earnings.
DEL LABORATORIES (DLI, 14.5)- The
maker of cosmetics and OTC pharmaceuticals said its second quarter
earnings fell to 21 cents a share from last year's 58 cents.
Revenues in the quarter fell to $70.56 million from $73.97 million.
MALLON RESOURCES (MLRC, 8.43)-
The oil and gas producer reported a narrower than expected second quarter
loss of 7 cents a share. Analysts were looking for a loss of 11
cents. Revenues were essentially flat at $2.9 million in the
quarter.
MINING SERVICES INTERNATIONAL (MSIX,
3.31)- The maker of mining explosives reported second quarter earnings
of 1 cents a share, below expectations of a 12 cent profit, and down from
last year's 15 cent profit. The company blamed the shortfall on a
slowdown in the gold and metals mining industries caused by lower prices,
and said 1999 earnings could fall below last year's 52 cents a share if commodity
prices remain weak.
NIELSEN MEDIA RESEARCH (NMR, 32.81)-
The company has agreed to be acquired by VNU NV for $37.50 a share in cash
in a deal valued at $2.7 billion.
OILGEAR COMPANY (OLGR, 8.5)- The
maker of piston pumps and valves reported second quarter earnings of 17
cents a share, compared to 35 cents last year. The company cited
"continued softness in the U.S. hydraulic market" for the lower
profits. Backlog increased to $23.2 million from $22.2 million in
the first quarter.
REYNOLDS METALS (RLM, 69.38)- The
aluminum company's board of directors unanimously rejected a hostile bid
from Alcoa, according to the company. |
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