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THIS MORNING'S STOCKS
WEEK OF 8/21/00-8/25/00 |
8/25/00 |
CROSSROADS SYSTEMS (CRDS, 10.94)- The
maker of fibre channel storage routers missed estimates by nine cents as
its third quarter loss widened to 30 cents per share from last year's loss
of nine cents. Revenues in the quarter fell 6%, and 57%
sequentially, to $4.8 million. The company attributed the poor
showing to slower than expected sales growth of SCSI routers.
DUCKWALL-ALCO STORES (DUCK, 9)-
The operator of discount variety stores said second quarter earnings rose
8% to 40 cents per share. Revenues in the quarter increased 5.3% to
$99.1 million, and same store sales rose 1.9%. Gross margins fell to
33.4% from last year's 33.9%.
MANDALAY RESORTS (MBG, 26.19)-
The casino operator beat estimates by three cents as its second quarter
earnings jumped 72.4% to 50 cents per share. Revenues in the quarter
increased 25.4% to $647.4 million.
TAKE TO AUCTION.COM INC (TTA, 8)-
The online auction site has offered to acquire auctioneer Greg Manning
Auctions (GMAI, 8.03) for $14 per share. The offer values GMAI
at $137 million.
TTA
GMAI
WIND RIVER SYSTEMS (WIND, 36.94)-
The maker of embedded software will join the S&P MidCap 400 Index on
an as yet undetermined date.
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8/24/00 |
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8/23/00 |
DILLARDS INC (DDS, 14)- The
department store operator missed estimates by nine cents as second quarter
earnings fell to 15 cents per share from last year's 34 cents.
Revenues in the quarter slipped 2% to $3.926 billion, and same store sales
fell 3%.
J. BAKER INC (JBAK, 5)- The
apparel and footwear retailer missed estimates by a penny as it reported
flat second quarter earnings of 23 cents per share. Second quarter
revenues rose 12.3% to $190 million, and same store sales increased
1.1%. The company attributed the earnings shortfall to unseasonably
cool weather.
MAPINFO CORP (MAPS, 38)- The
maker of mapping products announced a 3 for 2 stock split. The
company also said it will buyback up to $5 million of its shares.
SBE INC (SBEI, 20.88)- The maker
of networking products earned 21 cents per share in its fiscal third
quarter, compared to last year's loss of 18 cents. Third quarter
revenues doubled to $7.8 million, and gross margins rose to 62% from last
year's 59%.
SIZZLER INTERNATIONAL (SZ, 1)-
The steakhouse operator said its first quarter earnings rose 11.1% to 10
cents per share. Revenues in the quarter fell 4% to $54.7 million,
but U.S. same restaurant sales rose 1.9%.
WHITEHALL JEWELLERS (JWL, 10)-
The jewelry retailer met expectations as second quarter earnings tumbled
80% to three cents per share. Revenues rose 15.6% to $76.1 million,
and same store sales increased 0.8%.
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8/22/00 |
ACTIVE APPAREL GROUP (AAGP,
4)- The maker of activewear and sportswear has agreed to acquire
sporting goods maker Everlast for $60 million in a cash and stock deal.
The company will change its name to Everlast Worldwide following the
merger.
CPI CORP (CPY, 24)- The operator
of Sears Portraits Studios reported second quarter earnings of 25 cents
per share, compared to last year's loss of three cents. Revenues in
the quarter increased 3.9% to $60.8 million.
DRKOOP.COM INC (KOOP, 1.25)- The
sickly health information website missed estimates by a penny as its
second quarter loss narrowed to $1.18 per share from last year's loss of
$1.28. Revenues in the quarter rose 150% to $2.5 million, but the
company's loss jumped to $40.6 million from last year's $17.7 million. The
company's cash and cash equivalents position dropped to $1.95 million on
June 30th from $35.7 on December 31st. Separately, the SEC is conducting
an investigation of the company.
FIDELITY HOLDINGS INC (FDHG, 1)-
The operator of auto dealerships and CarsTV.com said its second quarter
earnings rose to two cents per share from last year's breakeven.
Revenues in the quarter rose 58% to $86 million.
J&J SNACK FOODS (JJSF, 16)-
The maker of pretzels and other snack foods warned that fourth quarter
earnings will fall short of expectations. The company now sees
earnings of 50 cents per share in the quarter. Analysts were looking
for the company to earn 80 cents.
THE SPORTS AUTHORITY (TSA, 2.38)- The
operator of sporting goods superstores beat estimates by two cents as
second quarter earnings rose 79% to 21 cents per share. Revenues in
the quarter inched up 1.0% to $389.6 million. Gross margins improved
to 27.3% from last year's 26.2%.
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8/21/00 |
CLEARNET COMMUNICATIONS (CLNT, 30)- The
wireless operator has agreed to be acquired by Canada's TELUS Corp for
$47.37 (C$70.00) per share in a deal valued at $4.47 billion.
KEY ENERGY SERVICES (KEG, 9.31)- The
oil services company beat estimates by a penny as it reported breakeven
fourth quarter results, compared to last year's loss of 24 cents per
share. Revenues in the quarter jumped 37% to $169.9 million.
LAMAR CAPITAL CORP (LCCO, 7.63)- The
bank holding company missed estimates by two cents as it reported flat
second quarter earnings of 24 cents per share.
LUBYS INC (LUB, 8)- The
restaurant operator warned that fourth quarter earnings will fall short of
expectations. The company now sees earnings of $0.01-$0.05 per
share, compared to analysts' estimates of 24 cents. The company attributed
the shortfall to a 5.5% decline in same restaurant sales, and higher food
and labor costs. The company also said it will take a fourth quarter
charge of $12-$15 million to cover costs associated with the closing of 12
under performing restaurants.
WAL-MART STORES (WMT, 50.88)- The
retailer is reportedly ready to bid $9 billion for UK drugstore chain
Boots Plc, according to a report in Sunday's Independent.
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