Markets & Finance

Talbots Drops


Talbots (TLB) posted 8.8% lower July same-store sales and 3.3% lower total sales. The women's retailer noted a significantly softer-than-expected markdown selling midway into its semi-annual sale. Talbots sees 33 cents to 35 cents second-quarter earnings per share (includinga 6-cent tax benefit).

United Online (UNTD) posted 19 cents, vs. 21 cents second-quarter earnings per share on a 39% total revenue rise. It sees $109 million to $112 million third-quarter total revenue. First Albany and Piper Jaffray downgraded.

Lamar Advertising (LAMR) posted 8 cents second-quarter earnings per share, vs. a 2-cent loss on a 9% net revenue rise. The billboard-advertising giant expects third-quarter revenue of $228 million. S&P says revenues and EBIDTA topped second-quarter guidance but fell short of expectations.

Kos Pharmaceuticals (KOSP) posted 83 cents, vs. 31 cents second-quarter earnings per share on an 86% revenue rise. Kos raised the 2004 earnings per share guidance to $2.60 to $2.65.

XM Satellite Radio (XMSR) posted an 84-cent second-quarter loss, vs. a $1.38 loss on a sharp revenue rise.

Univision Communications (UVN) posted 24 cents, vs. 16 cents second-quarter earnings per share on a 55% revenue rise. The Spanish-language broadcasting company sees 18 cents to 20 cents third-quarter earnings per share. Merrill upgraded to buy from neutral. Wachovia upgraded to outperform. S&P upgraded to accumulate from hold.

Sharper Image (SHRP) posted flat July same-store sales and 18% higher total sales. It posted 1% higher second-quarter same-store sales and 20% higher total sales. The retailer updated the second-quarter earnings per share guidance to 3 cents to 5 cents, and lowered the fiscal 2005 guidance to $1.83 to $1.87 from $2.00 to $2.04.

AnnTaylor Stores (ANN) posted 2.1% lower July same-store sales and 11% higher total net sales. The women's retailer raised the 39 cents to 40 cents second-quarter earnings per share estimate to 40 cents to 41 cents. It now sees $1.78 to $1.83 fiscal 2005 earnings per share.

Barr Pharmaceuticals (BRL) posted 59 cents, vs. 48 cents fourth-quarter earnings per share (adjusted, excluding items) despite flat revenues. Barr sees $2.35 to $2.45 fiscal 2005 earnings per share, and set a $300 million stock-buyback plan.

Blackboard (BBBB) posted a 37-cent second-quarter loss, vs. a 71-cent loss on a 16% revenue rise. The software maker sees $28.8 million to $29.3 million in third-quarter revenue, 7 cents to 8 cents earnings per share. It sees $109.2 million to $110.2 million in 2004 revenue and 22 cents to 24 cents earnings per share. CS First Boston initiated coverage with outperform.

Wal-Mart (WMT) posted 3.2% higher July U.S. same-store sales, line with Wall Street's 3.1% forcast. Wal-Mart also posted 11% higher total net sales. The world's largest retailer sees 2% to 4% higher August U.S. same-store sales.

Boeing (BA) lost a contract with Virgin Atlantic, which ordered 26 A340-600 jetliners from rival Airbus.

Pier 1 Imports (PIR) posted 2.3% lower July same-store sales and 7.2% higher total sales. Based on continuation of weak traffic, and the shift in the Labor Day weekend, Pier 1 now sees 4% to 8% lower August same-store sales, and 10 cents to 12 cents second-quarter earnings per share. S&P and Lehman cut estimates.

Microsoft (MSFT) reportedly said it's interested in buying Nintendo. Nintendo says it hasn't received any offers.

EBay (EBAY) CEO Meg Whitman told The Wall Street Journal that the online-aution company will depend more on seasonal and cross-border sales for growth in the future.

American Eagle Outfitters (AEOS) posted 22% higher July same-store sales and 31% higher total sales. Based on strong sales and margin performance, the retailer raised the second-quarter earnings per share guidance to 37 cents to 38 cents, and sees 43 cents to 47 cents third-quarter earnings per share.

Limited Brands (LTD) posted flat July same-store sales and 9% higher second-quarter same-store sales.

Urban Outfitters (URBN) posted 26% higher second-quarter same-store sales and a 54% total net sales rise.

Property and liability insurer St. Paul Travelers (STA) posted a 42-cent second-quarter loss (including restructuring costs), vs. $1.01 earnings per share despite a 66% rise in premiums written.

Wireless Facilities (WFII) posted 2 cents second-quarter GAAP earnings per share on an 84% revenue rise. It sees 9 cents third-quarter earnings per share, and 29 cents to 30 cents 2004 GAAP earnings per share. The wireless-network services provider will restate 2000-03 results to accrue for certain foreign-tax items. First Albany downgraded to neutral from strong buy.

Goodyear Tire & Rubber (GT) posted 14 second-quarter earnings per share, vs. a 30-cent loss on a 20% net sales rise. Goodyear expects year-over-year momentum to continue through the second half.

Costco Wholesale (COST) posted 9% higher July same-store sales and 12% higher total sales.

Internet-content company Jupitermedia (JUPM) posted 11 cents second-quarter earnings per share, vs. breakeven on a 75% revenue rise. It sees 11 cents third-quarter earnings per share, 13 cents in the fourth quarter, and 41 cents in 2004.

Aeropostale (ARO) posted 14% higher July same store sales and a 44% higher total sales rise. The retailer raised the 11 cent ssecond-quarter earnings per share guidance to 17 cents.


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