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THIS MORNING'S STOCKS
WEEK OF 8/27/01-8/31/01 |
8/31/01 |
FALCON
PRODUCTS INC (FCP, 7.10)- The commercial furniture maker missed
estimates by two cents as its third quarter earnings fell to a penny per
share from last year's 31 cents. Revenues in the quarter fell 6.3%
to $73.2 million, below analysts' estimates of $74 million.
LONGS DRUG STORES (LDG, 26.19)-
The drugstore operator said August same store sales rose 3.6%.
August total sales increased 4.2% to $314 million.
MASSEY ENERGY CORP (MEE, 18.30)-
The coal producer reported a third quarter loss of 13 cents per share,
compared to last year's profit of 44 cents. Coal sales in the
quarter increased 10.6% to $301.8 million. The company warned that
it sees fourth quarter earnings of $0.08-$0.14 per share, compared to
analysts' estimates of 16 cents.
MURPHY OIL CORP (MUR, 81.15)- The
oil company warned that its third quarter earnings will fall short of
expectations due to lower natural gas prices and downstream margins.
The company now sees earnings of $0.80-$1.00 per share, compared to
analysts' estimates of $1.11.
OUTBACK STEAKHOUSE INC (OSI, 28.71)-
The steakhouse operator said August same store sales rose 1.4% at its
Outback Steakhouse chain and 8.4% at its Carrabba's Italian Grills chain.
PUMATECH INC (PUMA, 1.52)- The
enterprise software maker missed estimates by four cents as its fourth
quarter loss doubled to 16 cents per share. Revenues in the quarter
slid 21.1% to $7.1 million. Analysts were looking for revenues of $9.7
million. The company said it reduced its workforce by 20% during the
fourth quarter.
STARBUCKS CORP (SBUX, 17.45)- The
coffeeshop operator said August same store sales rose 1%. August
total sales increased 18% to $214 million.
TIVO INC (TIVO, 5.90)- The maker
of personal television products beat estimates by 12 cents as its second
quarter loss narrowed to 82 cents per share from last year's loss of
$1.20. Revenues in the quarter rose 28% sequentially to $4.1
million, above analysts' estimates of $4.0 million.
WALLACE COMPUTER SERVICES (WCS,
18.25)- The provider of print management services warned that its
fourth quarter results will fall short of expectations due to continued
economic weakness. The company now sees revenues of $386 million and
earnings of 14 cents per share. Analysts were looking for earnings
of 31 cents.
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8/30/01 |
ADE CORPORATION (ADEX,
14.00)- The semiconductor equipment maker beat estimates by a penny as
its first quarter loss narrowed to nine cents per share from last year's
loss of 26 cents. First quarter revenues rose 18.7% to $25.4
million. The company warned that its second quarter results will
fall short of expectations. The company now sees revenues of $18-$20
million and expects to report a loss of ($0.31)-($0.36) per share,
compared to analysts' estimates of revenues of $25 million and a loss of
seven cents. The shares are down 0.20 in pre-open trading on the
news.
BROADVISION INC (BVSN, 1.82)- The
software maker will be removed from the S&P 500 Index after Friday's
close. The shares are down 0.31, or 17%, in pre-open trading on the
news.
DRESS BARN INC (DBRN, 23.00)- The
women's apparel retailer said August same store sales declined 8%.
August total sales fell 4% to $47.4 million.
FOOTSTAR INC (FTS, 36.40)- The
footwear retailer said August same store sales rose 6.8%. August
total sales increased 13.1% to $252.7 million.
INTERNATIONAL GAME TECHNOLOGY (IGT,
52.72)- The slot machine maker will be added to the S&P 500 Index
after Friday's close. The shares are up 1.01 in pre-open trading on
the news.
MICHAELS STORES (MIKE, 39.12)- The
crafts retailer beat estimates by four cents as its second quarter
earnings rose 30.8% to 17 cents per share, excluding charges.
Revenues in the quarter increased 12% to $486.1 million, and same store
sales inched up 1%.
REX STORES CORP (RSC, 17.59)- The
consumer electronics retailer beat estimates by six cents as its second
quarter earnings rose 19% to 44 cents per share. Revenues in the
quarter fell 1.7% to $99.9 million, and same store sales declined 8%.
SPARTECH CORP (SEH, 22.79)- The
maker of engineered thermoplastic materials met expectations as its third
quarter earnings fell 15% to 39 cents per share. Revenues in the
quarter declined 13% to $222.82 million. Gross margins fell to 18.0%
from last year's 18.6%.
STEIN MART INC (SMRT, 8.69)- The
off-price apparel retailer warned that its third quarter results will fall
short of expectations due to lower than expected sales. The company
also said it now sees full year earnings of $0.65-$0.70 per share,
compared to analysts' estimates of 74 cents.
SUN MICROSYSTEMS (SUNW, 13.43)-
The computer maker warned that its first quarter earnings will fall short
of expectations due to increased weakness in Europe and Asia. The
company now sees revenues below $3.7 billion, compared to analysts'
estimates of $3.8 billion. The company sees earnings below
breakeven, compared to analysts' estimates of a profit of two cents.
The shares are down 1.72 in pre-open trading on the news.
TECH DATA CORP (TECD, 33.35)- The
provider of IT products beat estimates by eight cents as its second
quarter earnings fell 31.9% to 49 cents per share. Revenues in the
quarter declined 18% to $4.1 billion. The company said it sees third
quarter revenues of $4.1-$4.3 billion and earnings of $0.49-$0.55 per
share. Analysts were looking for third quarter earnings of 45
cents. The shares are up 3.65 in pre-open trading on the news.
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8/29/01 |
ALLOY
ONLINE INC (ALOY, 16.45)- The teen web site operator and apparel
catalog retailer beat estimates by a penny as its second quarter loss
narrowed to 10 cents per share from last year's loss of 31 cents.
Revenues in the quarter jumped 133% to $28.7 million, above analysts'
estimates of $24 million. The company said it sees third quarter
revenues of $42-$44 million, above analysts' estimates of $40 million.
CASEYS GENERAL STORES (CASY, 12.60)-
The retailer missed estimates by two cents as its first quarter earnings
fell 18.8% to 26 cents per share. Revenues in the quarter increased
9.5% to $578.9 million, and same store sales rose 6.2%.
DELIAS CORP (DLIA, 6.03)- The
teen apparel retailer and direct marketer beat estimates by a penny as its
second quarter loss narrowed to 16 cents per share from last year's loss
of 28 cents. Revenues in the quarter fell 30.4% to $26 million, in
line with expectations.
GATEWAY INC (GTW, 8.60)- The PC
maker will take a $475 million third quarter charge to cover the costs of
a major restructuring that includes a workforce reduction of 25%.
H & R BLOCK CO (HRB, 37.74)-
The provider of tax preparation services beat estimates by five cents as
its first quarter loss narrowed to 17 cents per share from last year's
loss of 28 cents. Revenues in the quarter increased 6.6% to $324.1
million.
PROTEIN DESIGN LABS (PDLI, 54.41)-
The biotech announced a 2 for 1 stock split.
|
8/28/01 |
DYCOM INDUSTRIES (DY,
18.10)- The provider of telecom industry engineering and maintenance
services met expectations as its fourth quarter earnings fell 37.3% to 32
cents per share. Revenues in the quarter declined 18.6% to
$194.7 million, below analysts' estimates of $210 million.
HERMAN MILLER INC (MLHR, 23.77)-
The office furnishings maker warned that its fiscal first quarter results
will fall short of expectations due to weak corporate spending and slowing
office construction activity. The company now sees revenues of
$405-$420 million and earnings of $0.02-$0.07 per share, compared to
analysts' estimates of revenues of $466 million and earnings of 21
cents. The company also announced a $100 million share
buyback. The shares fell 3.16 in after hours trading on the news.
VALUEVISION INTERNATIONAL (VVTV,
17.50)- The home shopping network operator beat estimates by a penny
as it reported a second quarter loss of four cents, compared to last
year's profit of seven cents. Revenues in the quarter rose 17% to
$105 million, below analysts' estimates of $114 million. Gross
margins increased to 39.4% from last year's $37.7%. The company
warned that its third quarter revenues will fall short of expectations due
to continued economic uncertainty. The company now sees revenues of
$122-$127 million and earnings of $0.05-$0.06 per share. Analysts
were looking for revenues of $136 million. The shares fell 0.49 in
after hours trading on the news.
XL CAPITAL LTD (XL, 78.02)- The
insurer will join the S&P 500 Index on an as yet undetermined
date. The shares rose 3.08 in after hours trading on the news.
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8/27/01 |
CHAMPION INDUSTRIES (CHMP, 3.06)- The
commercial printer and business forms maker reported breakeven third
quarter earnings, excluding a charge of 44 cents per share, compared to
last year's profit of five cents. Revenues in the quarter slipped
0.7% to $30.2 million.
KOMAG INC (KMAG, 0.16)- The maker
of thin-film disks filed for Chapter 11 bankruptcy protection.
OHIO ART COMPANY (OAR, 10.50)-
The maker of Etch A Sketch toys reported second quarter earnings of 79
cents per share, compared to last year's loss of 35 cents. Revenues
in the quarter fell 5% to $20.42 million.
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