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Foot Locker (FL
) posted 41 cents, vs. 29 cents third-quarter earnings per share from continuing operations on a slight same-store sales rise, and a 6.6% total sales rise. The footwear retailer expects to exceed the 37 cents fourth-quarter earnings per share consensus estimate, and raised its quarterly dividend by 100%. S&P keeps its accumulate rating.
Marvell Technology (MRVL
) posted 8 cents third-quarter earnings per share, vs. a 6 cents loss (GAAP) on a 58% net revenue rise. Prudential cut its estimates. Pacific Growth upgraded the broadband chipmaker to overweight.
Omnivision Technologies (OVTI
) posted 39 cents, vs. 12 cents second-quarter earnings per share on a sharp revenue rise. The maker of chip-based imaging devices sees 40 cents to 42 cents third-quarter earnings per share on $74 million to $78 million revenue. SoundView raised its estimates. Pacific Growth upgraded to overweight.
Hot Topic (HOTT
) posted 31 cents, vs. 21 cents third-quarter earnings per share on 11% higher same-store sales, and 32% higher net sales. The specialty retailer plans to open 105 new stores next year. Wedbush Morgan and Pacific Growth raised their estimates.
NPS Pharmaceuticals (NPSP
) reported encouraging preliminary results from a two-year rat carcinogenicity study of Preos, a drug candidate being developed for the treatment of osteoporosis. S&P upgraded to accumulate from hold.
Allegiant Bancorp (ALLE
) agreed to be acquired by National City (NCC
). Under the terms, Allegiant holders will get either a 0.833 National City share in a tax-free exchange, or $27.75 in cash for each Allegiant share held.
Angiotech Pharmaceuticals (ANPI
) shares were halted on the Nasdaq to allow full disclosure of the results of an FDA panel hearing, and the recommendation on Boston Scientific's pre-marketing approval for its Taxus Express paclitaxel-eluting coronary stent system. The panel meets Thursday between 9 a.m. and 5 p.m EDT.
Video-game software maker GameStop (GME
) posted 18 cents, vs. 16 cents third-quarter earnings per share despite a 1.9% same-store sales decline. GameStop sees 62 cents to 66 cents fourth-quarter earnings per share on same-store sales growth of -2% to +2%. Southwest Securities reiterated its strong buy rating.
Bombay Company (BBA
) posted breakeven third-quarter vs. breakeven on 13% same-store sales, and 19% higher total sales. The home-furnishing retailer sees 34 cents to 41 cents fourth-quarter earnings per share on $215 million to $225 million in revenue.
Merrill reinstated coverage of Emulex (ELX
), a maker of storage-networking adapters and chips, with buy. Baird upgraded to outperform from neutral.
) posted 28 cents, vs. 13 cents fourth-quarter earnings per share (GAAP) on a 10% revenue rise, beating analysts' average estimates by a penny. The computer maker sees 35 cents first-quarter non-GAAP earnings per share, in line with the analyst consensus estimate. H-P affirmed the fiscal 2004 consensus non-GAAP earnings per share estimate of $1.42. S&P reiterates hold.
Longs Drug Store (LDG
) posted 14 cents, vs. 8 cents third-quarter earnings per share despite a slight same-store sales decline. Longs sees flat to 3% growth in fourth-quarter total sales, and a -2% to +1% increase in same-store sales. The company sees 38 cents to 41 cents fourth-quarter earnings per share. S&P downgraded.
) posted 20 cents, vs. 14 cents third-quarter earnings per share on a 7.5% same-store sales rise, and a 12% total sales rise. The pet-supplies retailer raised the 91 cents to 93 cents fiscal 2004 earnings per share forecast to 92 cents to 93 cents.
Online-advertising company DoubleClick (DCLK
) set a $100 million stock buyback.
) posted 20 cents, vs. 13 cents third-quarter earnings per share on a 20% revenue rise. The kitchen-goods retailer raised the fourth-quarter revenue guidance while keeping the earnings per share guidance. Williams-Sonoma raised the fiscal 2004 revenue guidance to 17% growth, and raised the earnings per share to to $1.26 to $1.31.
Mortgage financier Freddie Mac (FRE
) expects report that it overstated earnings by as much as $1 billion in 2001 when it releases a much-anticipated restatement of past earnings in the next several days, people familiar with situation told The Wall Street Journal. S&P keeps avoid.
) posted a 27 cents first-quarter loss, a vs. 26 cents loss (GAAP) despite a 14% revenue rise. The software maker sees $1.46 to $1.56 fiscal 2004 earnings per share (GAAP). S&P keeps hold.
Wet Seal (WTSLA
) posted a 25 cents third-quarter loss, vs. an 8 cents loss on 10% lower same-store sales, and 5.8% lower total sales. Wet Seal sees a 16 cents to 21 cents fourth-quarter loss. CFO William Langsdorf reportedly resigned for personal reasons, effective in January, 2004.
Sharper Image (SHRP
) posted 6 cents third-quarter earnings per share, vs. a 4 cents loss on 10% a same-store sales rise and a 24% total revenue rise.
Pediatrix Medical (PDX
) says late Wednesday its Nevada perinatal practice was served with a search warrant by the state of Nevada, requesting information concerning Medicaid billings for perinatal patient care rendered in Nevada since Jan. 1, 2000.
Banc of America downgraded Varian Semiconductor (VSEA
) to sell from neutral.
Deutsche Bank reportedly upgraded Kohl's (KSS
) to hold from sell.