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|  | JANUARY 13, 2005 05:14 PM
 MARKET MOVERS Sun Micro Misses Revenue Estimates Apple soars on first-quarter results; Harmonic's sales exceed guidance; plus more of Thursday's stocks in the news After the close of trading Thursday, Sun Microsystems (SUNW ) posted 1 cent second-quarter earnings per share on revenue of $2.84 billion. Consensus estimates were for 1 cent earnings per share on $2.93 billion of revenue. Apple Computer (AAPL ) posted 70 cents, vs. 17 cents first-quarter earnings per share on 74% higher revenue. The company cites strength in iPod and Macintosh computer sales. It sees about 40 cents second-quarter earnings per share on $2.9 billion of revenue. Banc of America upgrades to buy. S&P keeps a hold rating. Fiber-optic systems maker Harmonic Inc. (HLIT ) sees $83 million to $86 million fourth-quarter net sales, exceeding its previous guidance of $72 million to $78 million, reflecting stronger-than-expected bookings in the fourth quarter. S&P raises its estimates and target. Taser International (TASR )gains after a member of the company's Scientific & Medical Advisory Board says study results published in Pacing and Clinical Electrophysiology Journal confirm extraordinarily wide safety margins for fibrillation induction in Taser-like products. Lilly (Eli) (LLY ) said it plans to correct inaccurate statements about its Prozac circulating in the news media based on a collection of random papers anonymously sent to the British Medical Journal. Sports Authority (TSA ) cut fourth-quarter guidance to 90 cents to 95 cents earnings per share on 2% lower same-store sales from $1.08 earnings per share on flat comparable sales. It cites weak sales of winter products, hunting, camping gear, and holiday items. S&P reiterates its sell rating. RadioShack (RSH ) posted 3% higher fourth-quarter same-store sales, and 6.7% higher total sales. The company reaffirms its fiscal 2005 earnings per share guidance of $2.07 to $2.09. It reaffirms fiscal 2006 earnings per share guidance of 19% to 21% above fiscal 2005 guidance. TheStreet.com (TSCM ) retains investment bank Allen & Company to assist it in considering possible strategic alternatives. Kenneth Cole (KCP ) sees lower-than-expected $133 million to $135 million in fourth-quarter revenue, and 43 cents to 45 cents earnings per share. The company sees $1.72 to $1.74 2004 earnings per share. It cites a generally challenging December, particularly in its consumer direct business. Based on preliminary figures, Infineon Technologies (IFX ) expects first-quarter revenues and EBIT of about 1.82 billion euro and 211 million euro, below market expectations. Borders Group (BGP ) posted 1.4% higher fourth-quarter same-store sales at Borders superstores, 1.6% lower comparable sales at Waldenbooks, and 4.8% higher total sales. The book retailer sees fourth-quarter earnings per share of $1.60 to $1.62, at the high end of its previous projection. S&P keeps its hold rating. Agilent Technologies (A ) sees a 1-cent third-quarter loss, vs. a 9-cent loss a year ago, on 46% higher product revenues of $9.6 million. Red Robin Gourmet (RRGB ) sees lower-than-expected 33 cents to 34 cents fourth-quarter earnings per share due to higher-than-anticipated food costs for tomatoes and expenses associated with Sarbanes-Oxley compliance. Napster (NAPS ) says during the holiday period paid subscribers increased sequentially by 50% in the third quarter.  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.
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