E.SPIRE COMMUNICATIONS (ESPI, 5.53)- The
provider of communications services missed estimates by 39 cents as its
fourth quarter loss widened to $1.96 per share from last year's loss of
$1.44. Revenues rose 20% to $57.5 million in the quarter.
HARRAHS ENTERTAINMENT (HET, 18.19)- The
casino operator warned that first quarter earnings will fall short of
expectations due to a lower than expected "table games hold
percentage" at its Rio Casino. The company now sees earnings of
$0.24-$0.26 per share in the quarter. Analysts were looking for 30
cents. The company also said its board has authorized the repurchase
of 12.5 million shares, or nearly 10% of its outstanding shares.
MERCURY INTERACTIVE (MERQ, 61.88)-
The maker of web site testing software beat estimates by a penny as first
quarter earnings rose 83% to 11 cents per share. Revenues increased
61% to $60.4 million in the quarter. The shares fell 3.88 in after
hours trading on the news.
MIPS TECHNOLOGIES (MIPS, 37.68)-
The maker of computer processors missed estimates by a penny as third
quarter earnings fell to 26 cents per share from last year's 27
cents. Revenues in the quarter inched up to $26.96 million from last
year's $26.67 million.
RSA SECURITY (RSAS, 48.06)- The
maker of network security software beat estimates by a penny as first
qyarter earnings rose 67% to 20 cents per share. Revenues climbed
30% to $63 million in the quarter. The shares rose 3.94 in after
hours trading on the news.
4/13/00
ADVANCED
MICRO DEVICES (AMD, 76)- The chipmaker beat estimates by 57 cents as
first quarter earnings rose to $1.15 per share from last year's loss of 88
cents. Revenues increased 73% to $1.09 billion in the quarter.
The company attributed its better than expected showing to strong sales of
PC processors and flash memory products.
ALTERA CORP (ALTR, 82)- The maker
of programmable logic devices beat estimates by two cents as first quarter
earnings rose 56.5% to 36 cents per share. Revenues rose 46%, and
15% sequentially, to $272.8 million in the quarter. Separately, it
was announced that the company will join the S&P 500 on an unspecified
date. The shares rose 7.25 in after hours trading on the news.
ARIBA INC (ARBA, 72)- The B2B
software maker beat estimates by two cents as its second quarter loss
narrowed to six cents per share from last year's loss of seven cents.
Revenues increased 322% to $40 million in the quarter. The shares
rose 6.25 in after hours trading on the news.
CUMMINS ENGINE (CUM, 36)- The
diesel engine maker beat estimates by five cents as first quarter earnings
rose 73% to $1.09 per share. Revenues increased 10% to $1.65 billion
in the quarter.
FLEET BOSTON FINANCIAL (FBF, 38)-
The banking group beat estimates by seven cents as first quarter earnings,
excluding one-time items, rose 28% to 87 cents per share.
GOODYEAR TIRE & RUBBER (GT, 29)-
The tire maker beat estimates by five cents as first quarter earnings
jumped 150% to 40 cents per share. Revenues in the quarter increased
17% to $3.5 billion. The company said first quarter tire unit sales
rose 20%.
NEWPORT CORP (NEWP, 98)- The
maker of components used in the fiber optics and semiconductor equipment
industries beat estimates by eight cents as first quarter earnings rose
200% to 30 cents per share. Revenues increased 55% to $45.6 million
in the quarter.
RAMBUS INC (RMBS, 213.81)- The
memory developer beat estimates by a penny as second quarter
earnings rose 88%, and 50% sequentially, to 15 cents per share.
Revenues increased 59%, and 31% sequentially, to $15.7 million in the
quarter. The shares fell 17.81 in after hours trading on the news.
ROCKWELL INTERNATIONAL (ROK, 44)-
The electronics company beat estimates by two cents as second quarter
earnings rose 15% to 85 cents per share. Revenues increased 5% to
$1.8 billion in the quarter.
SEAGATE TECHNOLOGY (SEG, 50)- The
disc drive maker beat estimates by six cents as third quarter earnings
tumbled to 20 cents per share from last year's 49 cents. Revenues
fell to $1.57 billion from $1.81 billion in last year's third quarter.
Gross profit margins fell to 20.9% from last year's 24.0%.
US FREIGHTWAYS (USFC, 41)- The
trucking and logistics company beat estimates by four cents as first
quarter earnings rose 25% to 81 cents per share. Revenues rose 18.5%
to $608.2 million in the quarter.
4/12/00
AMERICAN TECHNICAL
CERAMICS (AMK, 39)- The capacitor maker announced a 2 for 1 stock
split.
BESTFOODS (BFO, 47.75)- The food
maker beat estimates by three cents as first quarter earnings rose 14.3%
to 56 cents per share. Revenues inched up 1% to $2.22 billion in the
quarter.
E TEK DYNAMICS (ETEK, 186.50)- The
maker of fiber optic components beat estimates by three cents as third
quarter earnings rose 71.4% to 24 cents per share. Revenues
increased 83% to $90.6 million. The shares fell 2.50 in after hours
trading on the news.
GARTNER GROUP (IT, 16.56)- The
provider of IT consulting services missed estimates by three cents as its
second quarter earnings fell to seven cents per share from last year's 29
cents. Revenues rose 13% to $193.4 million in the quarter. The
company said its services backlog rose 67% to $79.7 million.
HARLEY-DAVIDSON (HDI, 44.25)- The
motorcycle maker beat estimates by two cents as first quarter earnings
rose 37% to 26 cents per share. Revenues increased 22% to $681
million in the quarter. Gross margins inched up to 34.0% from last
year's 33.9%.
RESEARCH IN MOTION (RIMM, 82)-
The maker of wireless products met expectations as it reported flat fourth
quarter earnings of five cents per share. Revenues rose 42% to $25.8
million in the quarter. The shares fell 2 points in after hours
trading on the news.
STARMEDIA NETWORK (STRM, 25.50)-
The Latin American Internet media company beat estimates by 11 cents as
its first quarter loss widened to 54 cents per share from last year's loss
of 35 cents. Revenues rose 531%, and 12% sequentially, to $10.1
million in the quarter. The shares gained 0.50 in after hours trading on
the news.
TERAYON COMMUNICATIONS (TERN, 162.75)-
The maker of broadband equipment beat estimates by two cents as first
quarter earnings rose to six cents per share from last year's loss of 23
cents. Revenues increased 273% to $59.3 million in the quarter. The shares
fell 11.69 in after hours trading on the news.
UNILEVER (UN, 50.19)- The
Anglo-Dutch food maker will buy nutritional products maker Slim Fast
Foods Co for $2.3 billion in an all cash deal.
XETA TECHNOLOGIES CORP (XETA, 41.75)-
The provider of call accounting systems announced a 2 for 1 stock split.
4/11/00
BIOGEN INC (BGEN, 65)- The
biotech missed estimates by two cents as first quarter earnings rose 41.3%
to 41 cents per share. Revenues increased 26% to $217.9 million in
the quarter. Sales of the company's AVONEX multiple sclerosis drug rose a
disappointing 33%. The shares fell 7.25 in after hours trading on
the disappointing report.
CONTINUUS SOFTWARE (CNSW, 8)- The
software maker warned that it will report a first quarter loss of 15 to 18
cents per share. Analysts were looking for the company to earn three
cents.
DENSE-PAC MICROSYSTEMS (DPAC, 9)-
The maker of packaging materials met estimates as it reported fourth
quarter earnings of four cents per share. Revenues rose 55% to $6.52
million in the quarter.
EAGLE POINT SOFTWARE (EGPT, 5.56)-
The maker of software used in civil engineering and field data collection
warned that third quarter earnings will fall short of expectations.
The company sees revenues in the quarter climbing 45% to a record $5.2
million, but expects its earnings per share to fall to $0.01-$0.02 from
last year's nine cents. Analysts were looking for the company to
earn seven cents. The company attributed the shortfall to higher
sales and marketing costs.
GENRAD INC (GEN, 13)- The
electronics maker warned that first quarter earnings will fall short of
expectations due to higher component and logistics costs, and a contract
delay. The company now sees earnings of $0.06-$0.08 per share,
compared to analysts estimates of 15 cents.
MOTOROLA INC (MOT, 151)- The
communications equipment maker beat estimates by a penny as first quarter
earnings jumped 144% to 59 cents per share. Revenues rose 19% to
$8.8 billion in the quarter. The company said higher component
costs, higher marketing expenses, and a shift towards lower priced phones
caused operating profits in its wireless phone and pager unit to fall to
$49 million from $83 million last year. The shares are up 0.63 in
European trading on the news.
PANAMSAT (SPOT, 45)- The
satellite operator beat estimates by 18 cents as first quarter earnings
rose 90% to 38 cents per share. Revenues increased 54.6% to $299.1
million in the quarter.
STAMPS.COM (STMP, 15.19)- The
provider of Internet based postage services beat estimates by three
cents as its third quarter loss widened to 66 cents per share from last
year's 53 cents. The company's operating loss exceeded its revenues
by a factor of 20 to 1 as it reported first quarter earnings of $2.04
million and an operating loss of $41.8 million. The shares fell 0.69
in after hours trading on the news.
STATION CASINOS (STN, 25)- The
casino operator beat estimates by 11 cents as first quarter earnings rose
to 53 cents per share from last year's 18 cents. Revenues rose 11%
to $254.8 million in the quarter, and cash flow increased 34% to $74.4
million.
4/10/00
ASCHE TRANSPORTATION SYSTEMS (ASHE,
1.81)- After Friday's close,NASDAQ halted trading in the
transportation company's shares pending the receipt of additional
information from the company.
DATA I/O CORP (DAIO, 3.81)- The
provider of device programming system products said it expects first
quarter revenues and earnings to be below those recorded in last year's
first quarter. The company sees revenues in the quarter falling to
$6.5 million from last year's $7.8 million, and expects its loss to widen
to $2-$2.5 million from last year's loss of $0.575 million. The
company attributed the wider loss to lower gross margins and higher
R&D spending. The company said orders booked during the quarter
increased to $10.5 million from last year's $7.5 million.
ECCS INC (ECCS, 12)- The maker of
RAID storage controllers warned that first quarter revenues and earnings
will fall short of expectations. The company now sees revenues of
$4.4-$4.7 million in the quarter, and expects to post a loss of $1-$1.5
million.
FULL HOUSE RESORTS (FHRI, 1)- The
resort developer reported a full year 1999 loss of 17 cents per share,
compared to last year's profit of five cents. Net revenues fell to
$3.6 million from the prior year's $4.66 million.
GTECH CORP (GTK, 19.68)- The
provider of computerized lottery products canceled an agreement to acquire
On-Point Technologies Systems (ONPT, 1.81) after On-Point restated
its earnings for 1997 and 1998. GTech said talks between the two
companies are continuing.
GTK
ONPT
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