) to strong buy from buy.
SoundView cut estimates and the target on Siebel Systems ( SEBL
Sears Roebuck (S
) sees $0.93 vs. $0.45 Q1 EPS, citing strength in its Retail segment, and a focus on margins and expenses.
Needham upgraded Cisco to buy from hold.
Wachovia upgraded Tommy Hilfiger (TOM
) to strong buy from buy.
In response to inquiries about its ongoing settlement talks with Intel, Intergraph Corp. (INGR
) says discussions are continuing, and all litigation between the parties is being considered in these discussions.
Nautica Enterprises (NAUT
) sees a $0.25-$0.26 Q4 loss (including charges and markdown allowances). Excluding charges, Nautica sees $0.01-$0.02 Q4 EPS, and $0.76-$0.77 for fiscal 2002. Wells Fargo cut estimates.
UBS Warburg upgraded Allergan (AGN
) to buy from hold.
Asbury Automotive (ABG
) expects to exceed analysts' $0.29 Q1 EPS consensus by about 10% and says it is comfortable with $1.51-$1.53 2002 EPS estimate.
Cross Media Market (XMM
) says the Federal Trade Commission filed a complaint alleging telemarketing violations by the company's magazine division.
) sees lower than expected Q1 sales, says 2002 sales are not likely to reach previous guidance. As a result, the company cut its 2002 operating profit growth from 15% to 5%-10%, excluding out-licensing of NN622.
) posted $0.22 vs. $0.17 Q1 EPS (pro forma) on a 14% revenue rise, citing strength in biooncology products.
American Eagle Outfitters (AEOS
) sees lower than expected $0.14-$0.17 Q1 EPS, citing lower than expected sales in February and March.
Research In Motion (RIMM
) posted a $0.14 Q4 loss vs. a $0.10 loss on 6.8% lower revenue. S&P maintains hold.
The SEC has informed two former Xerox (XRX
) executives, and a partner at office equipment maker's auditor, KPMG, that it may file civil charges against them, according to press reports.
) fell Tuesday amid amid speculation it might report disappointing quarterly results.
Idec Pharmaceutical (IDPH
) sees $0.17 Q1 EPS, based on $235M sales of Rituxan, a drug co-developed with Genentech.
Palm Harbor Home (PHHM
) expects Q4 EPS to be lower current analysts' estimates, saying the current state of credit markets poses a significant challenge for the entire manufactured housing industry.
) was advised by the SEC that pending investigation against the company, and against current and former employees, has been terminated with no enforcement action being recommended.
Infosys Technology (INFY
) posted $0.32 vs. $0.29 earnings per ADS on a 16% revenue rise, and sees $141M-$143M Q1 revenue, $0.32 EPADS, and $636M-$654M fiscal 203 revenue, as well as $1.43-$1.47 fiscal 2003 EPADS.
Panera Bread (PNRA
) set a 2-for-1 stock split.