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THIS MORNING'S STOCKS
WEEK OF 9/04/00-9/08/00 |
9/08/00 |
APACHE CORP (APA,
66.25)- The oil and gas explorer said it expects to beat analysts'
full year estimates. The company now sees earnings of $5.50 per
share, compared to analysts' expectations of $4.81. The company
attributed the improved forecast to higher oil prices and higher volumes.
GADZOOX NETWORKS (ZOOX, 10.31)- The
maker of storage area network devices warned that second quarter revenues
will fall short of expectations. The company now sees revenues of
$6.75-$7.65 million in the quarter, compared to analysts' expectations of
$9 million. The company attributed the shortfall to the slow ramp-up
of a new product, and excess inventory.
SPEEDFAM-IPEC (SFAM, 16.06)- The
semiconductor equipment maker warned that first quarter earnings will fall
short of expectations due to order delays. The company now sees a
loss of ($0.23)-($0.27) per share in the quarter. Analysts were
looking for the company to earn 12 cents.
TRW INC (TRW, 45.25)- The
automotive and aerospace parts maker warned that third quarter earnings
will fall short of expectations due to the weakness of the euro against
the dollar, higher interest costs, and cutbacks at Ford Motors. The
company now sees earnings of $0.81-$0.86 per share in the quarter.
Analysts were looking for the company to earn $1.05.
WOLVERINE WORLD WIDE (WWW, 12.44)-
The shoe maker warned that third quarter earnings will fall short of
expectations. The company now sees earnings of 28 cents per share,
compared to analysts' estimates of 33 cents. The company attributed
the shortfall to sluggish sales of casual shoes and boots to retailers.
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9/07/00 |
DIGENE CORP (DIGE, 39.68)- The
maker of DNA testing systems missed estimates by three cents as its fourth
quarter loss narrowed to 15 cents per share from last year's loss of 19
cents. Revenues in the quarter rose 27% to $6.5 million.
DURA AUTOMOTIVE (DRRA, 11)- The
auto parts maker warned that third and fourth quarter earnings will fall
short of expectations. The company now sees third quarter earnings
of 58 cents and fourth quarter earnings of $1.12, compared to analysts'
estimates of 75 cents and $1.25, respectively. The company
attributed the lowered forecast to weakness in the euro, effects of the
firestone tire recall, and sluggish conditions in the recreational vehicle
market.
GREAT A&P TEA CO (GAP, 14)- The
grocery store operator warned that second quarter earnings will fall short
of expectations. The company now sees a loss of ($0.14)-($0.16) per
share, compared to analysts' expectations of a profit of six cents.
The company attributed the shortfall to intense competition in the
supermarket business, rising utility costs, reorganization costs, and
below plan results from newly opened stores.
HOVNANIAN ENTERPRISES (HOV, 7)-
The homebuilder beat estimates by two cents as third quarter earnings
inched up a penny to 37 cents per share. Revenues in the quarter
rose 20.6% to $285 million, and comparable order backlog increased 32.3%.
MP3.COM (MPPP, 7.88)- A federal
judge ruled that the online music site violated copyright laws. The
ruling could cost the company up to $250 million.
NORDSTROM INC (JWN, 18.68)- The
department store operator said August adjusted same store sales fell 6%.
SOUND ADVICE (SUND, 8.50)- The
consumer electronics retailer said second quarter earnings fell to 16
cents per share from last year's 21 cents. Revenues in the quarter
rose 2.7% to $41.8 million, but same store sales were flat.
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9/06/00 |
ADAPTEC INC (ADPT, 26)- The maker
of SCSI adapters said its CFO has resigned.
CVS CORP (CVS, 37.13)- The
drugstore operator said August same store sales rose 13.2%. August
total revenues rose 14.7% to $1.5 billion.
DICK CLARK PRODUCTIONS (DCPI, 11.50)-
The producer of television programming reported fourth quarter earnings of
32 cents per share, compared to last year's loss of 23 cents.
Revenues in the quarter climbed to $27.5 million from last year's $14.1
million.
INSIGHT HEALTH SERVICES (IHSC, 9)-
The provider of diagnostic imaging services said its fourth quarter
earnings rose 28.6% to 27 cents per share. Revenues in the quarter
rose 10% to $48.6 million.
LITTON INDUSTRIES (LIT, 54)- The
shipbuilder and electronics maker beat estimates by six cents as it
reported fourth quarter earnings of $1.52 per share, compared to last
year's loss of 48 cents. Fourth quarter revenues rose 19% to $1.47
billion, and the company's total backlog rose 18.8% to $10.4
billion. The company warned that its fiscal first quarter earnings
will fall short of expectations. The company now sees earnings of
$0.90-$1.02 per share, compared to analysts' estimates of $1.22.
PLATO LEARNING INC (TUTR, 15.44)-
The maker of educational programs beat estimates by four cents as third
quarter earnings fell to 28 cents per share from last year's 34
cents. Revenues in the quarter rose 28% to $16.1 million.
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9/05/00 |
BF GOODRICH CO (GR, 40.50)- The
specialty chemicals maker is reportedly in merger talks with the U.K.'s TI
Group Plc, according to the Sunday Observer. A merger between the
two companies would reportedly be valued at $3.6 billion.
BURNHAM PACIFIC PROPERTIES (BPP,
6.06)- The REIT announced a restructuring that will result in the
elimination of 46 jobs. The company sees $6 million in annual
savings from the move. The company will take a $4.1 million
charge in the third quarter to cover costs associated with the
restructuring.
CD WAREHOUSE (CDWI, 1.25)- The
music retailer said its CFO has resigned for undisclosed reasons.
KAYDON CORP (KDN, 22.63)- The
industrial machinery parts maker received a favorable mention in this
weekend's Barron's. A hedge fund manager sees the stock doubling in
the next 12 months.
SIMPSON INDUSTRIES (SMPS, 9.75)-
The auto equipment maker warned that second half and full year earnings
will fall short of expectations. The company now sees full year
earnings of $1.03-$1.05 per share, compared to analysts' expectations of
$1.11. The company attributed the lowered forecast to weakness in
the euro and lower than expected sales.
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9/04/00 |
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