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Get Four
|  | FEBRUARY 1, 2005 04:15 PM
 MARKET MOVERS AmEx Rises On Spin-Off Announcement Tyco falls after missing first-quarter earnings estimates; Boston Scientific profit doubles; plus more of Tuesday's stocks in the news American Express (AXP ) plans to pursue a spin-off to shareholders of its American Express Financial Advisors unit. Walt Disney Co. (DIS ) posted better than expected 35 cents, vs. 33 cents first-quarter earnings per share on a 1.4% revenue rise. Tyco (TYC ) posted 35 cents, vs. 34 cents first-quarter earnings per share from continuing operations (GAAP) on a 4.1% revenue rise. The company still sees $1.88 to $1.98 fiscal 2005 earnings per share, excluding charges related to divestitures or early retirement of debt. Boston Scientific (BSX ) posted 49 cents, vs. 17 cents fourth-quarter earnings per share from operations on a 70% revenue rise. Johnson & Johnson (JNJ ) to sell Centocor's U.S. and Canadian rights to its Retavase drug to ESP Pharma, Inc. Centocor, Inc. is a biopharmaceutical operating company of J&J. Hospital-operator HCA (HCA ) posted 70 cents vs. 63 cents fourth-quarter earnings per share on 6.5% higher same-facility revenue and 6.1% higher total revenue. It raises its quarterly dividend 15%. The company says a fourth-quarter provision for doubtful accounts was $626 million, vs. third quarter's $688 million. Avon (AVP ) posted 61 cents, vs. 55 cents fourth-quarter earnings per share on a 10% sales rise. The company sees 35 cents first-quarter earnings per share and $1.95 to $2.00 2005 earnings per share. It raises its quarterly dividend 18% and sets a $1 billion stock buyback. St. Paul Travelers (STA ) posted 44 cents, vs. $1.09 fourth-quarter earnings per share despite a 52% rise in net written premiums. The company is to explore strategic alternatives to divest its 79% equity stake in Nuveen Investments and combine its major insurance pools. MGM Mirage (MGG ) posted 47 cents, vs. 62 cents fourth-quarter earnings per share as one-time items offset an 11% revenue rise. The company believes the current first-quarter earnings per share consensus of 74 cents is reasonable. Aflac (AFL ) posted 81 cents, vs. 14 cents fourth-quarter earnings per share on a 21% revenue rise. The company raises its quarterly dividend 16%. Ariba (ARBA ) posted 16 cents first-quarter loss, vs. 13 cents earnings per share as charges, higher costs, and expenses offset a 65% revenue rise. American Standard (ASD ) posted better-than-expected 46 cents, vs. 38 cents fourth-quarter earnings per share on an 11% revenue rise. The company initiates a 15 cents quarterly dividend and sets a $400 million stock buyback. It sees $2.60 to $2.75 2005 earnings per share (excluding a stock option expense) on a 6% to 7% sales growth. SRA International (SRX ) posted 52 cents, vs. 33 cents second-quarter earnings per share on a 32% revenue rise. It sees 48 cents to 50 cents third-quarter earnings per share, 50 cents to 52 cents fourth-quarter, and $1.95 to $1.99 fiscal 2005 earnings per share. Internet Security (ISSX ) posted 19 cents, vs. 9 cents fourth-quarter GAAP earnings per share on a 20% revenue rise. It sees $75 million to $79 million in first-quarter revenue and 14 cents to 17 cents GAAP earnings per share. It sees $325 million to $335 million in 2005 revenue and 69 cents to 75 cents GAAP earnings per share. Altiris (ATRS ) posted a lower-than-expected 23 cents, vs. 16 cents fourth-quarter earnings per share on a 60% revenue rise.  All of the views expressed in this research report accurately reflect the research analyst's personal views regarding any and all of the subject securities or issuers. No part of analyst compensation was, is or will be, directly or indirectly related to the specific recommendations or views expressed in this research report. Standard & Poor's Regulatory Disclosure Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of Standard & Poor's, which operates separately from and independently of BusinessWeek Online. It is possible that BWOL may from time to time publish information that is not consistent with advice, analysis, or recommendations that are published by Standard & Poor's. Standard & Poor's and BusinessWeek Online are each units of The McGraw-Hill Companies, Inc.
BW MALL
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