99 CENTS ONLY STORES (NDN,
38.38)- The discount retailer said first quarter sales rose 33.1% to
$100.8 million. Same store sales rose 2.7%.
ALCATEL (ALA, 41.75)- The telecom
equipment maker said it expects to beat first quarter estimates. The
company now sees revenues rising 30%, and expects to report earnings of
$0.20 per ADS. Analysts were looking for the company to earn 10
cents.
AUTOBYTEL.COM (ABTL, 7.63)- The
online automotive web site said first quarter revenues and earnings will
exceed current analysts' expectations. The company now sees revenues
of $14.5-$15 million in the quarter. Analysts were looking for $13.4
million. The company now sees a loss of ($0.43)-($0.45) per share in
the quarter, compared to analysts' expectations of a loss of 48 cents.
The shares rose 2 in after hours trading on the news.
COGNOS INC (COGN, 65.63)- The
maker of business intelligence software beat estimates by five cents as
fourth quarter earnings rose 20.5% to 47 cents per share. Revenues
climbed 36% to $118.1 million in the quarter. Separately, the
company announced a 2 for 1 stock split. The shares jumped 13.37 in
after hours trading on the news.
DIME COMMUNITY BANCSHARES (DCOM,
16.13)- The bank holding company said it expects to report third
quarter earnings of 49 cents per share. Analysts were looking for 45
cents.
GIBBS CONSTRUCTION (GBSE, 0.91)-
The construction company reported a full year 1999 loss of $2.33 per
share, compared to last year's profit of 12 cents. The company also
said it plans to file for Chapter 11 bankruptcy protection. Trading
in the stock has been halted since March 16th when NASDAQ requested
"additional information" from the company.
INTEGRATED ELECTRICAL SERVICES (IEE,
5.50)- The electrical contractor warned that second quarter
earnings will fall short of expectations. The company now sees
revenues of $330-$340 million, and earnings of $0.17-$0.20 per share in
the quarter. Analysts were looking for the company to earn 24 cents.
LIVEPERSON INC (LPSN, -)- The
provider of Internet customer service products lowered the expected
offering price of its planned IPO to $10 per share from the previous range
of $13-$15. The company also said that its present cash, planned
proceeds from its IPO, and any operating cash flow would only satisfy its
liquidity needs for the next 15 months, rather than the 18 months
originally stated.
MAPICS INC (MAPX, 13.50)- The
enterprise software maker warned that second quarter revenues and earnings
will fall short of expectations. The company now sees revenues of
$33-$35 million, and earnings below the $0.09 per share recorded in last
year's second quarter. Analysts were looking for the company to earn
15 cents in the quarter. The company attributed the shortfall to lower
than expected orders in the wake of Y2K. The shares fell 2.50 in after
hours trading on the news.
MIDWAY GAMES (MWY, 14.25)- The
maker of interactive entertainment software warned that third and fourth
quarter earnings and revenues will fall short of expectations. The
company now sees a third quarter loss of ($0.23)-($0.27) and expects its
fourth quarter results to also be in the red. Analysts were looking
for the company to earn 24 cents in the third quarter and 19 cents in the
fourth quarter. The company attributed the shortfall to slow sales
of video games and downward pricing pressure.
ODWALLA INC (ODWA, 6.50)- The
juice maker beat estimates by two cents as its second quarter loss
narrowed to five cents per share from last year's loss of 16 cents.
Revenues increased to $18.1 million from last year's $16.3 million.
RADICA GAMES (RADA, 6.50)- The
maker of handheld games and videogame controllers warned that first
quarter earnings will fall short of expectations. The company now
sees a loss of ($0.09)-($0.12) per share in the quarter, compared to
analysts' expectations of a breakeven quarter. The company
attributed the shortfall to a 17% drop in handheld games sales.
SEAWAY FOOD TOWN (SEWY, 16)- The
grocery and discount drugstore operator said second quarter earnings rose
40% to 49 cents per share. Revenues in the quarter increased 5.1% to
$179.1 million, and same store sales rose 1.8%.
4/06/00
AMERICAN
EAGLE OUTFITTERS (AEOS, 31.81)- The apparel retailer said March same
store sales fell 0.3%, compared to last year's gain of 33.3%. Total
sales rose 15.7% to $73.9 million. The company attributed the drop
in same store sales growth to a later Easter shopping season this year.
AUREAL INC (AURL, 2)- The digital
audio card maker, which last month announced the resignation of all of its
executive officers, filed for Chapter 11 bankruptcy protection.
BOMBAY CO (BBA, 3.19)- The home
furnishings retailer said March same store sales rose 10%. Total
sales increased 15% to $33.9 million.
DOLLAR TREE STORES (DLTR, 51)- The
discount retailer has agreed to acquire the $155 million in revenues
discount retailer Dollar Express Inc in exchange for 6 million shares of
its stock in a $306 million all-stock deal. The company expects the
deal to be accretive to this year's earnings. Separately, the
company said same store sales rose 4.6% in the March quarter, and total
sales increased 28.4% to $291.6 million.
E-CRUITER.COM INC (ECRU, 5.75)-
The provider of Internet based recruiting services said its third quarter
loss widened to 26 cents per share from last year's loss of 14 cents.
Revenues rose 53% to $442,000 in the quarter.
EMERITUS ASSISTED LIVING (ESC, 4.13)-
The developer of senior assisted living communities announced the
resignation of its CFO. The company said it is "conducting an
extensive national search" for a replacement.
GAP INC (GPS, 49.50)- The apparel
retailer said March total sales rose 8% to $1.07 billion. The
company said same store sales tumbled 11%, with sales at its Gap stores
falling in the "mid-teens", and Old Navy falling in the
"low-teens". The company attributed the drop to a later
Easter shopping season. The shares fell 6.13 from their NY close in
late composite trading to 43.38.
HARBINGER CORP (HRBC, 24.13)- The
maker of B2B e-commerce software has agreed to be acquired by
infrastructure management software maker Peregrine Systems Inc (PRGN,
58) in a $2.1 billion all-stock deal. Under the terms of the
deal, Harbinger shareholders will receive 0.75 shares of PRGN for each
HRBC share held. In after hours trading, Peregrine shares tumbled 12
and Harbinger shares soared 7.88 on the news.
HRBC
PRGN
HOT TOPIC INC (HOTT, 33.88)- The
teen orientated specialty apparel retailer said March same store sales
jumped 19.6%. Total sales rose 51% to $17.39 million in the month.
The shares rose 1.63 in after hours trading on the news.
RANGER OIL LTD (RGO, 4.94)- The
Canadian oil explorer said that it will explore strategic alternatives to
enhance shareholder value, including a possible sale or merger.
SALON.COM INC (SALN, 4.06)- The
Internet website operator warned that fourth quarter earnings will fall
short of expectations. The company now sees a fourth quarter loss of
$0.35-$0.42, compared to analysts' expectations of a loss of 33 cents. The
company attributed the shortfall to lower than expected revenues.
The shares fell 0.56 in after hours trading on the news.
SAWTEK INC (SAWS, 46.19)- The
maker of wireless components said it expects its second quarter earnings
to beat the consensus analyst estimate of 24 cents per share by five
cents. The company said it sees revenues rising 60% to $37.6 million
in the quarter. The shares rose 6.06 in after hours trading on the
news.
SPACELABS MEDICAL (SLMD, 15.86)-
The provider of healthcare information systems warned that first quarter
earnings will fall short of expectations due to lower than expected
revenues and increased spending on its lifeclinic.com Internet venture.
The company now sees a loss of $0.25-$0.35 per share in the quarter.
Analysts were looking for the company to earn 15 cents in the quarter.
TITAN CORP (TTN, 46.38)- The
information technology company will join the S&P 400 MidCap Index
after the close of trading on Friday.
XEIKON NV (XEIK, 17.63)- The
maker of digital color printing presses warned that first quarter earnings
will fall short of expectations due to slowing sales. The company
now sees a loss in the quarter. Analysts were looking for a profit
of four cents.
YAHOO INC (YHOO, 165.56)- The
Internet portal beat estimates by a penny, and met its whisper number, as
first quarter earnings rose to 10 cents per share from last year's three
cents. Revenues increased 120% to $228.4 million, compared to
expectations of $204 million. Average daily page views increased 34%
sequentially to 625 million. The shares fell 5.81 in after hours trading
on the news.
4/05/00
AAMES FINANCIAL CORP (AAM, 0.63)- The subprime
home equity lender announced a one for five reverse stock split.
ADVANCED MICRO DEVICES (AMD, 61.13)- The
chipmaker said it expects first quarter revenues to increase 10%
sequentially. The company expects its revenues to exceed $1.06
billion.
CAREY INTERNATIONAL (CARY, 17.06)- The
provided of chauffeured sedan and minibus services missed estimates by 12
cents as first quarter earnings fell to 10 cents per share from last
year's 17 cents. Revenues rose 34.1% to $48.9 million. The
company attributed the shortfall to capacity constraints and margin
pressures. The company also said it has hired an investment bank to
explore strategic alternatives to enhance shareholder value.
KRISPY KREME (KREM, 21)-
The doughnut seller priced 3 million shares at $21 per share. The
estimated pricing range for the offering was $18-$20. The shares
begin trading on NASDAQ today.
METLIFE INC (MET, 14.25)- The
life insurer priced 202 million shares at $14.25 per share. The
shares begin trading on the NYSE today.
MICROCHIP TECHNOLOGY (MCHP, 57.94)-
The maker of semiconductors for embedded control applications expects
fourth quarter earnings to beat the current consensus estimate of 34 cents
by three cents per share. The company sees revenues rising 36% to at
least $140 million.
PAR TECHNOLOGY (PTC, 4.56)- The
provider of systems integrations services to the restaurant industry
warned that it will report a first quarter loss of $0.52-$0.56 per
share. The company expects its revenues to be below those reported
in last year's first quarter. The company said it expects to turn a
profit in the second half of the year.
PRICESMART INC (PSMT, 37.50)- The
warehouse merchandiser reported a second quarter profit of four cents per
share, compared to last year's loss of nine cents per share.
Revenues rose 237% to $80.1 million in the quarter.
UROLOGIX INC (ULGX, 6.38)- The
maker of products used to treat enlarged prostate disease said it expects
its third quarter revenues to rise 77% to $2.3 million.
4/04/00
AMCOL INTERNATIONAL (ACO,
16.19)- The specialty chemicals maker warned that first quarter
earnings will be flat with last year's 21 cents per share. Analysts
were looking for the company to earn 32 cents. The company
attributed the shortfall to higher raw materials costs and lower than
expected revenues caused by a "Y2K inventory build-up".
BINDVIEW CORP (BVEW, 25.56)- The
provider of risk management software warned that first quarter earnings
will fall short of expectations due to soft international sales. The
company now sees a loss of two to four cents per share, compared to
analysts' expectations of a breakeven quarter.
CHECKERS DRIVE IN RESTAURANTS (CHKR,
2.15)- The hamburger restaurant operator said its fourth quarter loss
narrowed to 43 cents per share from last year's 79 cents. Revenues
rose to $89.7 million from last year's $43.5 million.
INTASYS CORP (INTA, 6.13)- The
Internet incubator said its full year 1999 loss widened to 50 cents per
share from the prior year's loss of 33 cents. Revenues increased to
$5 million from $4.2 million.
MICROSOFT CORP (MSFT, 90.88)- A
Federal judge ruled that the software maker violated the Sherman
Anti-Trust Act. The company plans to appeal the decision. The
ruling opens the door for consumers to file suit against the company.
The shares rose 1.50 in after hours trading following the ruling.
NPC INTERNATIONAL (NPCI, 8)- The
Pizza Hut franchisee said it expects to beat analysts' expectations of a
fourth quarter profit of 25 cents per share. The company now sees
earnings of $0.28-$0.29 in the quarter. The company attributed its
improved outlook to above forecast same restaurant sales growth.
Same restaurant sales rose 0.23% in the quarter, compared to expectations
of a drop of 2%-4%.
QUAD SYSTEMS (QSYS, 2.88)- The
maker of stencil printers warned that second quarter earnings will fall
short of expectations. The company now sees a loss of $0.48-$0.52 in
the quarter. Analysts were looking for a loss of 41 cents.
SYMIX SYSTEMS (SYMX, 17.50)- The
Internet software maker warned that it will post a third quarter loss of
$0.15-$0.17 per share. Analysts were looking for a profit of 10
cents,
TELEMATE.NET SOFTWARE (TMNT, 10.25)-
The maker of Internet usage analysis software warned that first quarter
revenues will fall short of expectations. The company now sees
revenues of $3.1-$3.3 million in the quarter.
4/03/00
ALLIED PRODUCTS CORP (ADP, 3)- The
maker of metal forming presses released preliminary results showing a full
year 1999 loss of $2.27 per share, compared to last year's loss of $1.19.
The company said it expects year 2000 revenues to drop
"significantly", and expects to post a loss from continuing
operations for the year. Analysts were looking for the company to
earn 54 cents.
BRITISH TELECOM (BTY, 188.13)-
Spain's Telefonica (TEF, 74.38) is reportedly considering making a
hostile bid for the British phone company, according to the Sunday
Express.
BTY
TEF
CHASE MANHATTAN (CMB, 87.19)- The
banking group has reportedly made a $1.6 billion bid for Dresdner
Kleinwort Benson, according to the Independent newspaper.
DEXTER CORP (DEX, 53)- The
specialty materials maker said several parties have indicated their
interest in acquiring the entire company, or individual units. The
company's CEO said a deal could be finalized within "the next few
weeks or so".
EPICEDGE INC (EDG, 22.75)- The
provider of services to B2B enterprise portals reported a full year 1999
net loss rose of 32 cents per share, compared to the prior year's profit
of two cents. Full year revenues rose 44.1% to $29.4 million.
FIRST SECURITY CORP (FSCO, 12)-
The bank's board of directors has voted to cancel its merger agreement
with Zions Bancorporation (ZION, 41.63) after Zion's shareholders
voted against the deal.
FSCO
ZION
FRIEDE GOLDMAN HALTER (FGH, 6.88)-
The maker of offshore drilling equipment reported a fourth quarter loss of
$1.39 per share, in line with the company's earlier guidance.
LINC CAPITAL INC (LNCC, 3.06)- The
provider of leasing finance services said it expects to post a loss for
full year 1999 which will put it in violation of its bank loan covenants.
The company said its efforts to find a buyer for the company have been
unsuccessful, but it is continuing negotiations to sell individual units.
MEDTRONIC INC (MDT, 51.43)- An
FDA advisory panel has recommended approval of the medical device maker's
Activa Parkinson's Control Therapy device.
MICROSOFT CORP (MSFT, 106.25)-
Settlement talks between the software maker and the justice department
have broken down. A ruling in the antitrust suit is likely to
be issued within the next two weeks.
RAINFOREST CAFE (RAIN, 3.59)- The
theme restaurant operator issued its second profits warning in two days,
warning that it sees full year 2000 earnings in the range of $0.10-$0.15
per share. Analysts were looking for the company to earn 40 cents.
The company sees revenues of $255-$265 million, essentially flat with
1999's $257 million. The company said it expects its cash flow to
decline by $7-$10 million, and expects its available cash to fall beneath
$10 million by year end.
SOLOMON-PAGE GROUP LTD (SOLP, 2.88)-
The provider of temporary staffing services has agreed to be acquired by a
management led investment group for $4.25 per share in a deal valued at
$17 million.
STERLING VISION INC (ISEE, 8.25)-
The optical retailer said its full year 1999 loss narrowed to 38 cents per
share from the prior year's loss of $1.23. Full year revenues
slipped 2.8% to $145.8 million.
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Last modified: April 09, 2000
Published By Tulips and Bears
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