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THIS MORNING'S STOCKS
WEEK OF 9/18/00-9/22/00 |
9/22/00 |
BISYS GROUP (BSYS,
78.25)- The provider of check imaging solutions announced a 2 for 1
stock split.
CASCADE CORP (CAE, 15.25)- The
maker of lift truck parts said it is in talks to sell the company to an
investor group led by Lift Technologies and Toronto-Dominion Bank.
INTEL CORP (INTC, 61.48)- The
chipmaker warned that third quarter revenues will fall short of
expectations due to sluggish European semiconductor sales. The
chipmaker now sees third quarter revenues rising to $8.55-$8.72 billion,
and gross margins of 62%. The company's previous forecast called for
margins of 63%-64%. The shares tumbled 12.29 to 49.19 in after hours
trading on the news, and are exerting a downward pull on overnight index
futures, with NASDAQ futures down 92 and S&P 500 futures down 23.60.
LUMINANT WORLDWIDE (LUMT, 5.19)-
The provider of Internet consulting services warned that third quarter
results will fall short of expectations. The company now sees
revenues falling up to 5% sequentially from the second quarter's $40.5
million. The company attributed the lowered forecast to lower
spending by Internet companies. The shares fell 20.4% to $4.13 in
after hours trading on the news.
TEKTRONIX INC (TEK, 73.13)- The
maker of testing and measurement equipment announced a 2 for 1 stock
split.
ZOMAX INC (ZOMX, 17.38)- The
provider of outsourced process management services warned that third
quarter earnings will fall short of expectations. The company now
sees earnings of $0.15-$0.17 per share, compared to analysts' expectations
of $0.28. The company attributed the shortfall to weakness in
Europe, the plunge in the euro, and higher polycarbonate prices. The
shares fell 4.75 to 12.63 in after hours trading on the news.
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9/21/00 |
APOGEE
ENTERPRISES (APOG, 5.15)- The maker of glass products beat estimates
by nine cents as its second quarter earnings fell to 15 cents per share
from lst year's 19 cents. Revenues in the quarter increased 9% to
$236.4 million. The company said it sees full year earnings of
$0.37-$0.41 per share, above analysts estimates of 30 cents.
INPUT/OUTPUT INC (IO, 9)- The
maker of seismic equipment met expectations as its fiscal first quarter
loss narrowed to 15 cents per share from last year's loss of 18 cents.
Revenues in the quarter fell 9.7% to $27.1 million.
INTERMAGNETICS GENERAL (IMG, 23.06)- The
maker of superconducting materials beat estimates by seven cents as its
fiscal first quarter earnings jumped 77.7% to 16 cents per share.
Revenues in the quarter rose 18% to $31.7 million.
MUELLER INDUSTRIES (MLI, 29)- The
metal products maker warned that its third quarter earnings will fall
short of expectations. The company now sees earnings in the quarter
falling to $0.50-$0.55 per share from last year's 66 cents. Analysts
were looking for the company to earn 77 cents. The company
attributed the shortfall to higher raw materials costs and increased
competition.
TEXAS INDUSTRIES INC (TXI, 29.94)-
The cement and building materials supplier met expectations as its first
quarter earnings increased 50.7% to $1.13 per share. Revenues in the
quarter rose to $365.2 million from last year's $311.9 million.
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9/20/00 |
DATA TRANSLATION (DATX,
3)- The maker of machine vision products reported a third quarter loss
of 26 cents per share, compared to last year's profit of eight cents.
Revenues fell 2% to $3.97 million in the quarter.
INTERNATIONAL MULTIFOODS (IMC,
16.38)- The food maker met expectations as it reported flat second
quarter earnings of 27 cents per share. Revenues in the quarter rose
2.9% to $585.3 million.
NAVISITE INC (NAVI, 38.88)- The
provider of web hosting services beat estimates by five cents as its
fourth quarter loss widened sequentially to 34 cents per share from the
previous quarter's 29 cents. Revenues jumped 45% sequentially, and
373% from the prior year, to $20.5 million.
PROCOM TECHNOLOGY (PRCM, 34.38)-
The maker of network storage products beat estimates by 11 cents as its
fourth quarter loss narrowed to 11 cents per share from last year's loss
of 12 cents. Revenues fell to $14.2 million from last year's $24.2
million, but rose 2.9% sequentially. Gross margins improved to 33%
from last year's 23%.
THESTREET.COM (TSCM, 6.13)- The
financial web site operator warned that third quarter revenues will fall
short of expectations due to slower ad revenue growth.
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9/19/00 |
ALCOA INC (AA, 27)- The aluminum
producer warned that third quarter earnings will fall short of
expectations. The company now sees earnings of $0.40-$0.43 per
share, compared to analysts' expectations of $0.49. The company
attributed the shortfall to weakness in the building, construction, and
transportation markets, rising fuel prices, and costs associated with two
recent acquisitions.
ELECTRO SCIENTIFIC INDUSTRIES (ESIO,
34.81)- The semiconductor equipment maker beat estimates by 17 cents
as fiscal first quarter earnings jumped 361%, and 35% sequentially, to 83
cents per share. Revenues in the quarter rose 119%, and 18%
sequentially, to $129 million. The company's backlog rose 26.6%
sequentially to $197 million.
HAIN CELESTIAL GROUP (HAIN, 27.50)-
The natural foods and snack food company beat estimates by two cents as it
reported flat fourth quarter earnings of 18 cents per share, excluding
charges. Revenues in the quarter rose 6.4% to $87 million.
HUMAN GENOME SCIENCES (HGSI, 144)-
The biotech announced a 2 for 1 stock split.
TRIMBLE NAVIGATION (TRMB, 29.38)-
The maker of GPS products warned that third quarter earnings and revenues
will fall short of expectations due to component shortages and the
weakness of the euro against the dollar. The company now sees
revenues of $109-$112 million, and earnings per share of
$0.13-$0.20. Analysts were looking for the company to earn 26 cents.
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9/18/00 |
AMERICAN MANAGEMENT SYSTEMS (AMSY,
18.25)- The provider of IT consulting services warned that third
quarter and full year earnings will fall short of expectations. The
company now sees third quarter earnings of $0.28-$0.33 per share and full
year earnings of $1.45-$1.50, compared to analysts' expectations of $0.47
and $1.77, respectively. The company attributed the shortfall to a
slowdown in demand for IT services.
SAPIENS INTERNATIONAL (SPNS, 6.25)-
The maker of e-commerce products has agreed to acquire IT services company
Ness Technologies in a $255 million all-stock deal. The company
expects the deal to be accretive to 2001 earnings. Sapiens will
change its name to Ness following the merger.
TRIARC COMPANIES (TRY, 24.25)-
The diversified restaurant operator and beverage maker has agreed to sell
its Snapple Beverage Group unit to Cadbury Schweppes Plc for $1.45 billion
($910 million in cash and the assumption of $420 million in debt.
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