MAY 17, 2006



Market Movers


HP Profit Rises

Vivendi posts higher earnings, raises guidance; Tenet Healthcare settles litigation; plus more stocks in the news Wednesday


  STORY TOOLS
Printer-Friendly Version
E-Mail This Story
Reader Comments
  RELATED ITEMS
Market Movers Archive

  PEOPLE SEARCH

Search for business contacts:

First Name :
Last Name :
Company Name :

PREMIUM SEARCH
Search by job title, geography and build a list of executive contacts

Search by Zoominfo

Hewlett-Packard (HPQ) posts 51 cents vs. 33 cents second quarter earnings per share (EPS; based on (Generally Accepted Accounting Principles) on a 4.6% revenue rise. It sees 41 cents to 44 cents third quarter GAAP EPS on revenue of $21.75 billion and $1.87 to $1.91 fiscal year 2006 EPS on revenue of $91 billion.


Vivendi (V) posts €0.51 vs. €0.46 first quarter adjusted EPS on a 5.7% revenue rise. It raises 2006 adjusted net income growth guidance to 16%, about €2.4 billion. It sees €3.5 billion to €4 billion 2011 adjusted net income.

Tenet Healthcare (THC) reaches a civil settlement with the US Attorney in San Diego to resolve a criminal case. To avert a third criminal trial and potential civil liabilities, Tenet Healthcare is to pay $21 million to resolve potential civil claims by the government.

Applied Materials (AMAT) posts 26 cents vs. 18 cents second quarter EPS (GAAP) on a 21% sales rise. It sees 5% to 10% sequential revenue growth in the third quarter and EPS of 28 cents to 30 cents.

Nike (NKE) says it will pay Alon International S.A. $52.5 million in damages plus legal fees as a result of an arbitration ruling arising from a contract dispute between Nike's Converse subsidiary and Alon.

Schultze Asset Management LLC says in a Securities and Exchange Commission filing that it increased its stake in Movie Gallery (MOVI) to 13.4% from 8.6%.

Circuit City (CC) says that based on strong sales performance quarter to date, it continues to expect breakeven earnings in the first quarter. It expects Web-originated sales to reach $1 billion in fiscal year 2007, and direct channel sales to grow at a double-digit rate annually over fiscal year 2008 to fiscal year 2011.

Merge Technologies (MRGE) Pres., CEO, and Director Richard Linden resigns. Also, the company determined an error made with respect to recognition of revenue associated with a second quarter 2005 sales contract.

Boston Scientific (BSX) says EuroIntervention released an integrated analysis that further supports strong performance of Taxus paclitaxel-eluting coronary stent system for treatment of coronary artery disease in diabetic patients.

Abercrombie & Fitch (ANF) posts 62 cents vs. 45 cents first quarter EPS on a 20% sales rise. It raises first half fiscal year 2007 EPS guidance to $1.28 to $1.33.

Principal Financial Group (PFG) says it received a subpoena on May 12 from the Office of the Attorney General of the State of NY seeking information associated with marketing and the sale of retirement products and services. It sets a $500 million stock buyback.

Compuware (CPWR) posts 15 cents vs. 7 cents fourth quarter EPS as lower operating costs and the gain from settlement offset a 2.9% revenue decline.

Talbots (TLB) posts 51 cents vs. 63 cents first quarter EPS despite a 1.5% sales rise. It sees 5 cents to 15 cents second quarter GAAP loss, which includes acquisition-related costs, and adjustments of 20 cents per share.

Lasercard (LCRD) posts 15 cents fourth quarter EPS vs. 26 cents loss on sharply higher revenues. It says full implementation of Italy's ID card is awaiting final ministerial signature and publication, so the exact timing of volume issuance remains uncertain.


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.
 READER COMMENTS



 BW MALL   SPONSORED LINKS
Buy a link now!


Get BusinessWeek directly on your desktop with our RSS feeds.XML

Add BusinessWeek news to your Web site with our headline feed.

Click to buy an e-print or reprint of a BusinessWeek or BusinessWeek Online story or video.

To subscribe online to BusinessWeek magazine, please click here.

Learn more, go to the BusinessWeekOnline home page
Back to Top
Advertising | Special Sections | MarketPlace | Knowledge Centers

Terms of Use | Privacy Notice | Ethics Code | Contact Us

Copyright 2000- 2009 by The McGraw-Hill Companies Inc.
All rights reserved.

McGraw-Hill Cos.

TODAY'S MOST POPULAR STORIES

  1. News Corp.'s Talks with Microsoft: A Flawed Deal?
  2. Stocks Fall after GDP Revision
  3. America's Best Place to Raise Your Kids
  4. Apple's Schiller Defends iPhone App Approval Process
  5. Social Media Will Change Your Business

Get Free RSS Feed >>
  MARKET INFO
DJIA 10433.71 -17.24
S&P 500 1105.65 -0.59
Nasdaq 2169.18 -6.83

Portfolio Service Update

Stock Lookup

Enter name or ticker