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THIS MORNING'S STOCKS
WEEK OF 12/06/99-12/10/99 |
12/10/99 |
| AMREP CORP (AXR,
4)- The real estate developer and magazine distributor's second
quarter earnings increased to 9 cents per share from last year's 5 cents.
Revenues declined to $34.3 million from $35.9 million last year.
CIENA CORP (CIEN,
62)- The networking company met expectations as it earned 3 cents per
share in its fourth quarter. The company lost 5 cents in last year's
third quarter. Revenues increased 55% to $141.4 million in the
quarter. The company said it expects revenue growth to exceed 505
next year. The shares are up 2.83 in pre-open trading on the news.
NATIONAL TECHNICAL SYSTEMS (NTSC,
3)- The provider of IT outsourcing services earned 5 cents per share
in its third quarter, compared to last year's loss of 4 cents.
Revenues fell to $21 million from last year's $23.2 million.
PENN NATIONAL GAMING (PENN,
8)- The casino operator will purchase the Casino Magic resort and the
Boomtown Biloxi casino from Hollywood Park (HPK,
22) in a $195 million cash deal. |
12/09/99 |
| ADVANCED
DIGITAL INFO (ADIC,
55.06)- The maker of tape libraries beat estimates by four cents as it
earned 26 cents per share, excluding one time acquisition related costs,
in its fourth quarter. Last year the company lost 18 cents in the
third quarter. Revenues rose 52% to $63 million in the quarter.
EQUINOX SYSTEMS (EQNX,
10.75)- The company warned that lower than expected fourth quarter
sales will cause earnings to miss expectations. The company sees a
breakeven fourth quarter compared to analysts' expectations of a 29 cents
profit.
J JILL GROUP INC (JILL,
4.68)- The apparel maker warned that lower than expected catalog
sales will result in the company reporting a fourth quarter loss of
$0.12-$0.17. Analysts were looking for a breakeven quarter. |
12/08/99 |
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BIO-VASCULAR INC (BVAS,
2.09)- The medical products maker beat expectations as it reported
breakeven fourth quarter results, compared to expectations of a loss of
two cents. Revenues increased 23% to $5 million in the
quarter. The shares rose 5/32 to $2.25 in after hours trading on the
news.
BIRMINGHAM STEEL (BIR,
6.43)- The steelmaker has suspended its quarterly dividend.
BRISTOL-MYERS SQUIBB CO (BMY,
67)- The drugmaker has increased its quarterly dividend to $0.245 from
$0.215. The company also said it would increase its stock buyback
program by $2 billion.
CATAPULT COMMUNICATIONS (CATT,
19.43)- The maker of communications test applications warned that
first quarter earnings would be five cents per share, compared to
expectations of 16 cents. The company attributed the shortfall to
lower Japanese revenues as a result of contract cancellations and
postponements by telecom NTT. The stock is down 5.43 to 14 in
pre-open trading.
LONGVIEW FIBRE CO (LFB,
13.63)- The timber and paper producer beat estimates by 10 cents as
fourth quarter earnings increased to 23 cents per share from last year's
two cents. Revenues increased 15% to $227 million in the quarter.
NCO GROUP INC (NCOG,
34.31)- The provider of collection services said it expected to meet
analysts' fourth quarter earnings expectations. The company's shares
fell 9 points during Tuesday's trading on rumors that it would miss
estimates. The shares rose 1.25 in after hours trading on the news.
SAMSONITE CORP (SAMC,
5.5)- The luggage maker's third quarter loss increased to 75 cents per
share from last year's loss of 33 cents. Revenues increased 4.6% to
$208.2 million in the quarter. The company attributed the wider loss
to lower U.S. margins.
WALTER INDUSTRIES (WLT,
10.43)- The homebuilder warned that second quarter earnings will fall
short of expectations. The company sees $0.20-$0.23 per share in the
quarter, analysts were looking for $0.26. The company blamed the
shortfall on a decline in mortgage prepayments, and said the conditions
could continue into the third and fourth quarters. |
12/07/99 |
| ANCHOR FINANCIAL CORP (AFSC,
29.25)- The bank holding company warned that fourth quarter earnings
will be $0.35-$0.38, compared to analysts' estimates of $0.48. The
company blamed the poor forecast on slow business in the wake of Hurricane
Floyd and Hurricane Irene, and loan losses.
AUTOZONE INC (AZO,
27.94)- The auto parts retailer beat estimates by 2 cents as fiscal
first quarter earnings increased 18% to 40 cents per share. Revenues
in the quarter increased 12% to $1 billion, and same store sales rose 7%.
CYGNUS INC (CYGN,
9.25)- An FDA advisory committee has recommended approval of the
company's GlocoWatch glucose monitor. The stock is up 8.25 in
pre-open trade on the news.
REMEC INC (REMC,
12.43)- The maker of microwave systems for wireless communications
applications missed estimates as it reported a third quarter loss of
$0.04, compared to expectations of a profit of $0.01. Revenues
increased to $48.37 million from $41.69 million.
TRACTOR SUPPLY CO (TSCO,
15.25)- The farm products retailer warned that fourth quarter earnings
will be $0.48-$0.52, compared to expectations of $0.70. The company
attributed the shortfall to warmer than normal temperatures.
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12/06/99 |
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AIR CANADA (ACNAF,
6.5)- The board of directors of Canadian Airlines voted on Saturday to
recommend the approval of a takeover bid from Air Canada.
AK STEEL (AKS,
16.88)- The 3,200 workers at the steelmaker's Middletown Works plant
have approved a new labor contract that calls for a $2.50 per hour wage
increase over the 6 1/3 years of the contract.
BRAUN CONSULTING (BRNC,
36.13)- The provider of Internet sevices has agreed to acquire
Emerging Technologies Consultants Inc. in a $27 million cash and stock
deal.
CERPROBE CORP (CRPB,
9.25)- The maker of semiconductor testing equipment has agreed to
acquire testing products maker OZ Technologies Inc in a $36 million cash
and stock deal.
DELTA AIR LINES (DAL,
51.06)- The airline said November traffic increased 4.8% over the
prior year, and its November load factor increased to 70.8 from 68.0.
GILEAD SCIENCES (GILD,
45.56)- The drug maker has ended development of its HIV drug Adefovir
Dipivoxil following an FDA advisory committee recommendation against its
approval last month.
SEAGATE TECHNOLOGY (SEG,
39.75)- The disc drive maker has agreed to acquire storage maker
XIOtech Corporation in a $360 million all-stock deal.
SEMTECH CORP (SMTC,
53.75)- The company has cancelled the remainder of its $10 million
stock buyback program.
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