Markets & Finance

Ask Jeeves Advances


Ask Jeeves (ASKJ) posted five cents vs. three cents fourth quarter earnings per share on a 48% revenue rise. The online search portal company sees $23 million first quarter revenue, and four cents earnings per share (pro forma), and raised the 2003 earnings per share (pro forma) guidance to 20 cents. USB Piper upgradedto outperform.

Starbucks (SBUX) posted 20 cents vs. 17 cents first quarter earnings per share on a 25% revenue rise, and raised the 65 cents to 66 cents fiscal 2003 earnings per share estimate to 67 cents to 68 cents. CIBC World and Salomon upgraded.

ScanSource (SCSC) posted 46 cents vs. 39 cents second quarter earnings per share (split-adjusted) on a 20% sales rise. The company sees $230 million to $250 million third quarter revenue. Raymond James reportedly cut to market perform from strong buy.

Kim Roy, president of AnnTaylor's (ANN) Ann Taylor unit, resigned for personal reasons. The company reaffirmed the 32 cents to 33 cents fourth quarter earnings per share guidance. Gerard Klauer downgraded.

Verisign (VRSN) posted 18 cents vs. 33 cents fourth quarter earnings per share (pro forma) on a 3.2% revenue decline. Baird downgraded to netural from outperform.

Krispy Kreme (KKD) will acquire Montana Mills Bread for 1.2 million Krispy Kreme shares. The donut maker says the purchase will be dilutive by about three cents a share in the first full year. BB&T Capital downgraded to buy from strong buy.

Direct marketing services company Alloy (ALOY) cut the $15 million to $16 million earnings before taxes and amortization forecast to $11 million to $12 million as higher than expected selling and marketing costs offset the forecast for better-than-expected $100 million-plus revenue.

Merrill Lynch downgraded Four Seasons (FS) to sell from neutral.

CMS Energy (CMS) suspended its dividend and widened the 2002 loss (GAAP) guidance to $4.25-$4.75, sees roughly breakeven 2003 reported earnings per share, and 80 cents to 90 cents in ongoing earnings per share. S&P, and CS First Boston downgraded.

Secure Computing (SCUR) posted five cents vs. one cent fourth quarter earnings per share (GAAP) on a 19% revenue rise, and sees breakeven first quarter and two cents second quarter earnings per share, as well as six cents for the third quarter and 10 cents for the fourth quarter.

Open Text (OTEX) posted 31 cents vs. 16 cents second quarter earnings per share (adjusted) on an 8% revenue rise, and raised the fiscal 2003 guidance to $1.25 earnings per share (adjusted) on $170 million of revenue.

Raytheon (RTN) posted 38 cents vs. 17 cents fourth quarter earnings per share from continuing operations on a 6.1% sales rise, missing analysts' average estimates by a penny. The defense electronics manufacturer sees $1.70 to $1.80 2003 earnings per share from continuing operations on a 6% to 7% sales rise.

After the close of trading Thursday, Broadcom (BRCM) posted a $6.40 fourth quarter loss (GAAP) vs. a $1.27 loss despite a 30% revenue rise. The maker of chips for digital TV set-top boxes posted a two-cent loss (pro forma). Dr. Henry Nicholas resigned as president and CEO. S&P reiterates avoid.

After the close of trading Thursday, Amazon.com (AMZN) posted 19 cents vs. nine cents fourth quarter earnings per share (pro forma) on a 28% sales rise -- beating analysts' expectations. The online retailer sees one cent to five cents first quarter earnings per share (pro forma) on sales of $1.025 billion to $1.075 billion, and more than 27 cents in 2003 earnings per share. Salomon upgraded to outperform, Prudential raised its estimates.

Internet Security (ISSX) posted 15 cents vs. 10 cents fourth quarter earnings per share (pro forma) on a 8.8% revenue rise, and posted a 25-cent loss (GAAP). The company sees 65 cents to 75 cents in 2003 earnings per share (pro forma) on $267 million to $285 million in revenue. USB Piper reportedly downgraded. S&P keeps hold.

After the close of trading Thursday, chip equipment maker KLA-Tencor ( KLAC) posted 15 cents vs. 25 cents second quarter earnings per share on a 17% revenue decline. Prudential reportedly downgraded to hold from buy.

Chip maker Emulex (ELX) posted 20 cents vs. 13 cents second quarter earnings per share (pro forma) on a 23% revenue rise, and posted 19 cents earnings per share (GAAP). The chip maker sees third quarter sequential revenue growth of 3% to 5%, and up to 21 cents earnings per share (pro forma).

Microchip Technologies (MCHP) posted 18 cents vs. 11 cents third quarter earnings per share on a 21% sales rise. The chip maker says earnings per share met the high-end of guidance despite sales being at the lower-end, primarily driven by strong gross margins. Microchip sees 18 cents fourth quarter earnings per share.

Job placement company Robert Half (RHI) posted a four-cent fourth quarter loss vs. seven cents earnings per share on a 6.2% revenue decline.


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