IOMEGA
CORP (IOM,
3.31)- The Zip drive maker surprised by reporting a profit of 2 cents
per share in its third quarter, compared to expectations of a loss of 3
cents. Revenue fell 9% to $356 million in the quarter.
LEGGETT & PLATT (LEG,
20.13)- The company will be added to the S&P 500.
RAILTEX INC (RTEX,
15.63)- The railroad operator has agreed to be acquired by RailAmerica
(RAIL,
9.75) for $322 million. Railtex shareholders will receive $13.50
in cash plus 0.333 shares of RailAmerica for each Railtex share held..
SUN MICROSYSTEMS (SUNW,
89.41)- The computer workstation maker beat estimates by 2 cents as
earnings rose 39% to 33 cents per share in its fiscal first quarter.
Revenues increased 25% to $3.12 billion in the quarter. The company
said it expects second quarter revenue growth to be above 20%. The
shares rose 20% in European trading on the news.
THEGLOBE.COM INC (TGLO,
13.63)- The Internet community site warned that third quarter revenues
will be below expectations. The company sees revenues of $4.7-$4.9
million in the quarter, analysts were looking for $5.1 million. The
company still expects to meet current net loss expectations.
10/14/99
AGRIBIOTECH
INC (ABTX,
4.06)- The turfgrass seed developer lost 92 cents per share in its
fiscal fourth quarter. Revenues increased to $98.5 million in the
quarter from last year's $65.4 million. The company warned that
lower seed prices will cause first quarter revenues to fall 10% below last
year's level.
APPLE COMPUTER (AAPL,
64.03)- The computer maker beat lowered estimates by 6 cents as it
earned 51 cents per share in its fourth quarter, a decline from last
year's 68 cents. Revenues fell 14% from last year's fourth quarter
to $1.34 billion. The company said that it expects strong sales of
its products in the first quarter, but said gross profit margins would
experience a sequential decline. The shares climbed 3 1/2 in after hours
trading on the news.
CORNING (GLW,
67.75)- The fiber optics supplier beat estimates by a penny as third
quarter earnings increased 22% to 54 cents per share. Revenues
increased 25% to $1.1 billion in the quarter.
ELECTRONICS FOR IMAGING (EFII,
53.94)- The maker of products for network printing beat estimates by
six cents as third quarter earnings increased 21% to 51 cents per
share. Revenues increased 22%, and 12% sequentially, to $141 million
in the quarter.
R.G. BARRY CORP (RGB,
5.88)- The shoemaker warned that third quarter and full year revenues
and earnings will fall short of current analysts' estimates.
The company sees third quarter earnings falling to 15 cents per share from
last year's 61 cents, and sees breakeven full year earnings. The
company blamed the reduced outlook on a production shortfall.
REDBACK NETWORKS (RBAK,
135.06)- The networking company reported a narrower than expected
third quarter loss of two cents per share, compared to expectations of a
loss of seven cents. Revenues increased 602%, and 86% sequentially,
to $20.6 million. In two separate press releases, the company said
that its CFO had resigned, and announced that lock-up restrictions on 12
million of the company's shares (about 31% of the total outstanding
shares) would be removed on, or after, October 18th. The shares tumbled 11
points in after hours trading.
TASTY BAKING CO (TBC,
11.75)- The maker of Tastykake baked goods warned that third quarter
earnings will be $0.07-$0.09, compared to analysts' expectations of 16
cents. The company sees third quarter revenues declining
to$53.4-$53.8 million from $57.3 million last year. The company
blamed the shortfall on price competition and summer heat waves on the
East Coast.
10/13/99
ACTUATE
SOFTWARE (ACTU,
31.63)- The maker of business software beat third quarter estimates by
3 cents as it earned three cents per share. Revenues rose 108%, and
27% sequentially, to $12.5 million in the quarter.
ALPHA INDUSTRIES (AHAA,
56.25)- The maker of wireless semiconductors beat estimates by a
penny, earning 26 cents per share in its third quarter, an increase of 80%
from the prior year. Revenues increased 41% to $29.6 million in the
quarter. The company said its book-to-bill ratio in its wireless
semiconductor business was 1.11 in the quarter.
BOB EVANS FARMS (BOBE,
19.09)- The restaurant operator warned that lower than expected
revenues will cause second quarter earnings to fall short of
expectations. The company sees earnings of $0.36-$0.39 per share,
analysts were looking for 42 cents.
EMULEX CORP (EMLX,
105)- The company announced a 2 for 1 stock split.
FSI INTERNATIONAL (FSII,
9.88)- The company reported a wider than expected fourth quarter loss
of 41 cents per share. Analysts were looking for a loss of 28
cents. Revenues in the quarter increased to $32.7 million from last
year's $27.7 million.
INTEL CORP (INTC,
76.68)- The chipmaker disappointed as it earned 55 cents per share in
its third quarter, two cents below expectations. Revenues rose 9% to
$7.3 billion, but a drop in chip prices caused gross margins to fall to
58.7% from 59.4%. The shares fell 6 points in after hours trading on
the news.
MOTOROLA INC (MOT,
94.94)- The communications equipment maker met expectations as it
earned 53 cents per share in its third quarter. Revenues in the
quarter increased to $7.7 billion from last year's $7.2 billion. The
company said sales in its communications division increased 37% in the
quarter, led by strong growth in cell phones. The company said it
may have to take further charges in the fourth quarter to cover its
exposure to the bankrupt Iridium. The shares fell 4 points in after
hours trading on the news.
NORTHEAST UTILITIES (NU,
21.25)- The utility company has reportedly agreed to be acquired by Consolidated
Edison (ED,
36.43) for $25 a share in a deal worth $6.8 billion, according to the
New York Times.
SEAGATE TECHNOLOGY (SEG,
31.38)- The disk drive maker surprised by reporting a fiscal first
quarter profit of once cent per share, excluding charges and gains.
Analysts were looking for a loss of four cents in the quarter.
Revenues increased by $129 million to $1.682 billion in the quarter.
TRICON GLOBAL RESTAURANTS (YUM,
41.81)- The restaurant operator's third quarter earnings increased 21%
to 70 cents per share, topping estimates by a penny. System wide
sales increased 4% to $5.09 billion.
WHIRLPOOL CORP (WHR,
63.31)- The appliance maker's third quarter earnings increased 36% to
$1.40 per share, beating expectations by 6 cents. Revenues increased
7% (15% excluding currency fluctuations) to $2.7 billion in the
quarter. The company aid operations in Asia and Latin America
continued to show improvement.
10/12/99
APPLIED
MICRO CIRCUITS (AMCC,
69.81)- The chipmaker beat estimates by 3 cents as earnings rose 95%
to 16 cents per share in its second quarter. Revenues in the quarter
were $37.9 million, 49% above the prior year's quarter, and a 20%
sequential improvement from the fiscal first quarter.
CALPINE CORP (CPN,
43.5)- The provider of electricity and thermal energy said it expects
third quarter earnings to exceed estimates. the company sees
earnings of $0.70-$0.72 in the quarter, analysts were looking for 57
cents.
COMPUTER TASK GROUP (TSK,
15.31)- The info tech services company's third quarter earnings fell
to 21 cents per share from the prior year's 37 cents. The results
beat analysts' estimates by 2 cents. Revenues declined $1.7 million
to $114.5 million in the quarter. The company blamed the earnings
decline on a slowdown in the IT industry, and said it sees conditions
persisting into the fourth quarter.
DIGITAL LINK CORP (DLNK,
9.97)- The maker of network access equipment beat estimates by 10
cents as it earned 18 cents per share, excluding charges and gains, in its
third quarter. Revenues rose 24% to $16.4 million in the quarter.
GARDNER DENVER INC (GDI,
14.25)- The maker of compressors warned that third quarter earnings
will be 24 to 28 cents per share, compared to current analysts' estimates
of 42 cents. The company blamed the shortfall on lower than expected
orders and revenues.
HARLEY DAVIDSON INC (HDI,
56.56)- The motorcycle maker beat estimates by a penny as third
quarter earnings rose 25% to 42 cents per share. Revenues increased
20.5% to $623.2 million in the quarter. Gross margin in the quarter
dipped to 32.8% from the prior year's 33.1%. The company said it has
increased its 1999 motorcycle production target to 175,000 due to strong
demand.
NOVELLUS SYSTEMS (NVLS,
72.47)- The semiconductor equipment company's third quarter earnings
rose 145% to 54 cents per share, beating estimates by 9 cents.
Revenues rose 45%, and 18% sequentially, to $154.9 million in the quarter.
RITE AID CORP (RAD,
10)- The drug store operator reported a preliminary loss of 26 cents
per share in its second quarter. The consensus analyst estimate was
for a profit of 26 cents. Revenues rose 16.6% to $3.51 billion in
the quarter. The company said it is planning to restate its earnings
for prior years.
T ROWE PRICE ASSOCIATES (TROW,
30.03)- The financial services company will join the S&P 500 on an
undisclosed date.
10/11/99
ANESTA
CORP (NSTA,
8.38)- The drug developer reported a wider than expected third quarter
loss of 16 cents per share, compared to analysts' expectations of a loss
of 13 cents.
AUTHENTIC FITNESS CORP (ASM,
17.56)- The apparel maker has received a $20.50 per share bid from The
Warnaco Group (WAC,
17.43). The offer, made on Sunday night, values Authentic
Fitness at $472 million.
BELL INDUSTRIES (BI,
4.88)- The provider of computer technology solutions rejected an
unsolicited $5.30 per share offer by Steel Partners 11 L.P., calling the
offer "inadequate". The company said it remains open to
being acquired if the offer price is raised.
CLARKE BARDES HOLDINGS (CLKB,
17.68)- The benefit consulting firm warned that a delay in closing
"a few major cases" will cause third quarter earnings to fall
below current analysts' expectations. The company sees revenues of
$25 million and earnings of 8 to 10 cents per share in the quarter.
Analysts were looking for 15 cents.
CRITICAL PATH (CPTH,
38.31)- The provider of Internet e-mail services said co-founder and
Chief Technology Officer Wayne Correia resigned to pursue other
interests.
EXODUS COMMUNICATIONS (EXDS,
70.68)- The web server hosting company was the subject of a negative
article in this weekend's Barron's. The article said the company
faces increasing competitive pressures in its main business.
FORD MOTOR CO (F,
52.13)- The auto maker reached agreement with the UAW on a new labor
contract Saturday afternoon.
I2 TECHNOLOGIES (ITWO,
48.94)- The provider of e-business solutions beat estimates by 2 cents
as it reported third quarter earnings of 12 cents per share, excluding
charges, a 289% increase from the prior year. Revenues rose 53% to
$146.3 million in the quarter.
KOALA CORP (KARE,
32.75)- The company announced a 2 for 1 stock split, payable to
shareholders of record as of October 18th.
POPULAR INC (BPOP,
28.56)- The bank holding company reported third quarter earnings of 46
cents per share, an increase of 12.2% from the prior year's quarter.
Net interest income increased 11% during the quarter, but net interest
margin fell to 4.23% from 4.45%.
SAMES CORP (BIN,
19.13)- The maker of electrostatic finishing equipment reported third
quarter income from continuing operations of 19 cents per share, an
increase from last year's 8 cents. Revenues in the quarter fell to
$24.5 million from last year's $25.2 million. Backlog rose 50% to
$28 million in the quarter.
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Last modified: April 02, 2000
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