) to buy from hold. CIBC World upgraded. On Thursday the company posted $0.46 vs. $0.40 Q1 EPS.
) posted $0.29 vs. $0.24 Q1 EPS from operations on 17% higher net revenue, and sees 25%-30% 2002 EPS growth on lower than expected revenue of $235M-$240M. S&P downgraded.
) posted a $0.02 Q1 loss (pro forma) on a 46% revenue rise and sees a $0.02 operating loss to breakeven in Q2 on $18M-$19M revenue and $0.01-$0.04 2002 EPS from operations on $80M-$85M revenue. CIBC World downgraded.
Callaway Golf (ELY
) posted $0.45 vs. $0.47 Q1 EPS on a 1.9% revenue decline. AG Edwards reportedly downgraded to buy from strong buy.
PacifiCare Health (PHSY
) will extend the maturity date of its $735M senior credit facility by two years and record a Q1 charge of $897M as a result of an acctounting change. Goldman upgraded to market outperform.
AON Corp. (AOC
) sees $0.56-$0.59 Q1 EPS from operations, citing increased employee compensation costs, and a temporary decline in underwriting business within the brokerage segment.
Service Corp. (SRV
) is trading lower after Florida officials discovered human remains during investigation at Menorah Gardens Cemetery in West Palm Peach. Raymond James reportedly downgraded to market perform from strong buy.
) posted $0.49 vs. $0.44 3Q EPS on a 13% revenue rise. The company cut Xbox prices in Europe and Australia. It sees EPS of $0.41-$0.42 in 4Q, $1.89-$1.92 in FY 03. S&P cuts FY 03 estimate. Merrill reportedly upgrades.
) traded lower last night on news Microsoft cut Xbox prices in Europe.
) posted $0.22 vs. $0.17 1Q EPS on 13% revenue growth. A Florida pipebursting project slowdown is expected to impact results for 2Q and the rest of the year. S&P cuts estimates maintains avoid rating.
) posted $0.33 vs. $0.46 3Q EPS from operations on a 32% sales decline. HC Wainwright upgraded the shares to strong buy from buy.
Qwest Communications (Q
) sees lower than expected $6.4B- $6.6B 2002 EBITDA (as adjusted) on $18B-$18.4B revenue. CS First Boston downgrades to hold.
) posted $0.29 vs. $0.24 1Q EPS from operations on 17% higher net revenue. The company sees 25%-30% 2002 EPS growth on lower than expected revenue of $235M-$240M.
Sun Microsystems (SUNW
) posted a $0.01 3Q loss vs. $0.04 EPS on 24% revenue decline. S&P maintains buy, narrows loss estimate.
) posted $0.01 vs. $0.30 2Q cash EPS on a 25% revenue decline. The company sees $0.02-$0.04 3Q cash EPS... S&P cuts FY 02 EPS estimate.
) posted $0.18 (pro forma) vs. $0.08 1Q EPS on 59% revenue rise. It sees about $0.17 2Q EPS (pro forma) on revenue of $260M-$265M. SoundView says revenues were below the Wall Street "whisper number," and the firm will likely cut estimates.
CIBC World upgraded Walt Disney (DIS
) to buy from hold. Goldman reportedly upgraded the stock to trading buy.
) posted stronger than expected breakeven 1Q vs. $0.06 EPS (pro forma) on 12% lower revenue. First Albany reportedly upgrades to strong buy from buy. Wedbush Morgan reiterates buy.