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THIS MORNING'S STOCKS
WEEK OF 8/28/00-9/01/00 |
9/01/00 |
HERTZ CORP (HRZ,
30.63)- The provider of car rental services warned that third and
fourth quarter earnings will fall short of expectations. The company
now sees third quarter earnings of $1.30 per share and fourth quarter
earnings of 51 cents per share. Analysts were looking for the
company to earn $1.43 and $0.63 in the two quarters. The company
attributed the lowered forecasts to lower than expected demand,
competitive pricing, higher labor costs, higher interest rates, and
adverse foreign exchange rates.
VIANT CORP (VIAN, 13.88)- The
provider of Internet consultancy services warned that third quarter
revenues and earnings will fall short of expectations. The company
now sees a loss and a 12%-15% drop in revenues. Analysts were
looking for the company to earn eight cents per share. The company
attributed the shortfall to a slowdown in spending by cash-strapped
Internet companies.
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8/31/00 |
ALLOY
ONLINE (ALOY, 8.94)- The teen marketer beat estimates by three cents
as its second quarter loss widened to 31 cents per share from last year's
loss of 23 cents. Revenues in the quarter jumped 191%, and 45%
sequentially, to $11.1 million. Gross margins improved to 59.8% from
last year's 50.2%. The shares rose 0.50 in after hours trading on
the news.
CASELLA WASTE SYSTEMS (CWST, 11.68)- The
provider of solid waste management services missed estimates by five cents
as its fiscal first quarter earnings fell to 14 cents per share from last
year's 18 cents. Revenues in the quarter rose to $157.07 million
from last year's $54.68 million.
COSTCO WHOLESALE (COST, 35.63)-
The membership warehouse superstore retailer said August same store sales
rose 8%. August total sales increased 12% to $2.46 billion.
GAP INC (GPS, 22.50)- The apparel
retailer said August same store sales slumped 14%, led by a
"mid-twenties" percentage drop at the company's Old Navy
stores. August total revenues increased 6% to $1.03 billion.
The company said it sees "risks and challenges" in the second
half of its fiscal year.
MICROS SYSTEMS (MCRS, 23)- The
maker of hospitality information systems missed estimates by 28 cents as
it reported a fourth quarter loss of 45 cents per share, compared to last
year's profit of 58 cents. Revenues in the quarter tumbled 24.5% to
$77.5 million. The shares dropped 8.31 to 14.69 in after hours
trading on the news.
UNITED RETAIL GROUP (URGI, 6.63)-
The plus-size apparel retailer said August same store sales rose 3%.
August total revenues increased 5% to $24.3 million.
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8/30/00 |
FLEETWOOD ENTERPRISES
(FLE, 14)- The maker of recreational vehicles and manufactured homes
missed estimates by 15 cents as it reported a first quarter loss of 34
cents per share, excluding charges, compared to last year's profit of 72
cents. Revenues in the quarter tumbled 26% to $711 million, with
motor home sales dropping 50%. The company attributed the poor
showing to weakness in the manufactured homes and motor homes markets.
HASTINGS ENTERTAINMENT (HAST, 3)- The
multimedia entertainment retailer reported a second quarter loss of 18
cents per share, compared to last year's profit of seven cents.
Revenues in the quarter increased 4.6% to $107.1 million, but same store
sales were flat.
INFORMATICA CORP (INFA, 94.88)-
The Internet software maker has agreed to acquire wireless software maker
Zimba Inc in an all-stock deal valued at $25 million.
MAVESA SA (MAV, 4)- The
Venezuelan food maker said third quarter earnings rose to 12 cents per ADR
from last year's seven cents. Revenues in the quarter increased 4.5%
to $107.3 million.
SMARTSERV ONLINE (SSOL, 29.75)-
The wireless ASP said its full year loss narrowed to 60 cents per share
from last year's loss of $2.21. Full year revenues increased 156% to
$2.25 million, and fourth quarter revenues rose 137% to $0.982 million.
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8/29/00 |
AT&T CORP (T, 30)- The
telecom warned that third quarter earnings will fall short of
expectations. The company now sees earnings of $0.35-$0.38 per
share. Analysts were looking for the company to earn 41 cents.
The company attributed the shortfall to an earlier than expected
completion of its purchase of a controlling stake in Excite@Home.
NORSTAN INC (NRD, 4)- The
provider of communications services reported a fiscal first quarter loss
of 69 cents per share, compared to last year's profit of eight
cents. Revenues in the quarter tumbled 22% to $90.6 million, and
gross margins slid to 25.3% from last year's 31.3%.
THE DIXIE GROUP (DXYN, 4.13)- The
carpet and rug maker warned that its third quarter earnings will fall
short of expectations. The company now sees a "modest
profit" in the quarter, compared to analysts' estimates of 22 cents
per share.
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8/28/00 |
RUPO SIMES S.A (SIM, 3.50)- The
steel producer said it has reached an agreement with its creditors to
restructure its bank debt.
MICHAEL ANTHONY JEWELERS (MAJ, 1.88)-
The jewelry maker said its second quarter loss widened to 16 cents per
share from last year's loss of six cents. Revenues in the quarter slipped
2% to $24.82 million. The company attributed the drop in sales to a
slowdown in consumer spending.
POWERTEL (PTEL, 86.63)- Deutsche
Telkom is (DT, 40.31) reportedly considering making a $5.75 billion
bid for the wireless operator, according to the Financial Times
Deutschland. PowerTel currently has a stock market capitalization of $2.72
billion.
PTEL
DT
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