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THIS MORNING'S STOCKS
WEEK OF 9/17/01-9/21/01 |
9/21/01 |
CHUBB
CORPORATION (CB, 58.59)- The insurer warned that its full year
earnings will fall short of expectations due to the recent terrorist
attacks. The company now sees full year earnings of $1.60-$2.35 per
share, compared to analysts' estimates of $3.79.
JABIL CIRCUIT INC (JBL, 15.00)-
The provider of contract electronics manufacturing services missed
estimates by a penny as its fourth quarter earnings fell 45.8% to 13 cents
per share. Revenues in the quarter declined 11% to $944 million,
below analysts' estimates of $1 billion. The company warned that its
first quarter results will fall short of expectations. The company
now sees revenues of $900-$950 million and earnings of $0.11-$0.13 per
share, compared to analysts' estimates of revenues of $1.2 billion and
earnings of 16 cents.
NIKE INC (NKE, 42.26)- The
athletic shoe maker beat estimates by four cents as its fiscal first
quarter earnings fell 2.6% to 75 cents per share. Revenues in the
quarter slipped 1% to $2.6 billion. Gross margins fell to 39.4% from
last year's 40.5%. The company said worldwide futures orders rose 6% to
$3.3 billion.
PALM INC (PALM, 2.15)- The maker
of handheld computers beat estimates by two cents as it reported a first
quarter loss of seven cents per share compared to last year's profit of
four cents. Revenues in the quarter tumbled 47%, but rose 30%
sequentially, to $214.3 million. Analysts were looking for revenues
of $209 million. The shares are down 0.35 in pre-open trading on the
news.
SCHOLASTIC CORP (SCHL, 37.27)-
The publisher of children's books beat estimates by two cents as its first
quarter loss widened to 90 cents per share from last year's loss of 31
cents. Revenues in the quarter fell 15% to $306.1 million.
SPECTRIAN CORP (SPCT, 10.87)- The
maker of wireless RF amplifiers warned that its second quarter results
will fall short of expectations due to lower wireless industry capital
spending and continued economic weakness. The company now sees
revenues of $18-$22 million and expects to report a wider than expected
loss of ($0.99)-($1.12) per share. Analysts were looking for a loss
of 84 cents.
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9/20/01 |
3COM CORPORATION (COMS,
3.69)- The networking company missed estimates by three cents as its
first quarter loss widened to 38 cents per share from last year's loss of
12 cents. Revenues in the quarter fell to $390 million from the
fourth quarter's $468 million.
AMR CORPORATION (AMR, 20.00)- The
holding company for American Airlines and TWA said it will cut 20,000
jobs.
BIOMET INC (BMET, 25.31)- The
medical products maker met expectations as its first quarter earnings rose
16.7% to 21 cents per share. Revenues in the quarter increased 18%
to $272 million.
CHARLOTTE RUSSE HOLDINGS (CHIC,
11.55)- The woman's apparel retailer warned that its fourth quarter
earnings will fall short of expectations. The company now sees
earnings of $0.20-$0.22 per share, compared to analysts' estimates of 31
cents.
MESA AIR GROUP (MESA, 5.80)- The
regional airline operator said it will cut 700 jobs.
TRIBUNE COMPANY (TRB, 35.68)- The
newspaper publisher said its August revenues fell 6% to $403
million. The company also warned that its third quarter and full
year results will fall short of expectations. Analysts were looking
for third earnings of 17 cents per share and full year earnings of 98
cents.
UAL CORPORATION (UAL, 18.76)- The
parent of United Airlines said that it will cut 20,000 jobs.
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9/19/01 |
ADOBE
SYSTEMS (ADBE, 30.10)- The graphics software maker met expectations as
its third quarter earnings fell 9.7% to 28 cents per share. Revenues
in the quarter fell 11% to $292 million. Analysts were looking for
revenues of $320 million. The company warned that its fourth quarter
results will fall short of expectations. The company now sees revenues of
$246-$248 million and earnings of $0.27-$0.28 per share, compared to
analysts' estimates of earnings of 31 cents and revenues of $356 million.
RED HAT INC (RHAT, 2.98)- The
Linux software maker met expectations as it reported breakeven second
quarter earnings, compared to last year's loss of two cents.
Revenues in the quarter fell 15%, and 17% sequentially, to $21.1 million.
SABRE HOLDINGS CORP (TSG, 25.25)-
The airline reservations system operator warned that its third quarter
earnings will fall short of expectations. The company now sees
revenues of $520-$540 million and earnings of $0.35-$0.45 per share,
compared to analysts' estimates of 64 cents.
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9/18/01 |
AMERICA WEST HOLDINGS
(AWA, 3.00)- The airline said it will cut 2,000 jobs, or 14.6% of its
workforce, and reduce its flight schedule by 20%.
AMERICAN EXPRESS CO (AXP, 30.25)-
The financial services provider warned that its third quarter earnings
will fall short of expectations due to the impact of the recent terrorist
attacks. Analysts were looking for the company to earn 38 cents per
share.
ELECTRO SCIENTIFIC INDUSTRIES (ESIO,
24.50)- The semiconductor equipment maker missed estimates by a penny
as it reported a first quarter loss of 10 cents per share, compared to
last year's profit of 83 cents. Revenues in the quarter slumped 61%,
and 45% sequentially to $50 million, below analysts' estimates of $62
million.
HENRY SCHEIN INC (HSIC, 35.40)-
The healthcare products distributor will join the S&P MidCap 400 Index
after Thursday's close.
IMMUNEX CORP (IMNX, 16.19)- The
drugmaker will be added to the S&P 500 Index after Thursday's close.
VISX INC (EYE, 14.20)- The
company warned that it sees third quarter revenues of $0.06-$0.08 per
share, compared to analysts' estimates of 18 cents. The company
expects licensing revenues to fall 25%-30% sequentially.
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9/17/01 |
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