Home-goods retailer Williams-Sonoma (WSM) posted 23 cents, vs. 15 cents second-quarter earnings per share on a 19% total revenue rise. It sees 21 cents to 23 cents third-quarter earnings per share, and raised the $1.53 to $1.57 fiscal 2005 earnings per share guidance to $1.57 to $1.61. Raymond James upgraded to strong buy. S&P keeps hold.
H&R Block (HRB) posted a 26-cent first-quarter loss, vs. 3 cents earnings per share on a 2.6% revenue drop. The tax-preparation and financial-services firm sees $4.00 to $4.25 fiscal 2005 earnings per share. Morgan Stanley cut its estimates. S&P keeps hold.
Sabre Holdings's (TSG) Sabre Travel Network set a new policy for Northwest Airlines (NWAC) in response to Northwest's decision to impose new fees on tickets sold using a Global Distribution System. S&P believes Northwest's action could be a minor negative for Sabre.
Ditech Communications (DITC) posted 30 cents first-quarter earnings per share, vs. a 32-cent loss on a sharp revenue rise. Ditech sees 8% to 10% second-quarter revenue growth. First Albany raised its estimate and reiterated the strong buy rating.
Semtech (SMTC) posted 22 cents, vs. 3 cents second-quarter earnings per share on a 53% net sales rise. The chipmaker expects 3% to 5% third-quarter sequential sales growth and 23 cents earnings per share. Legg Mason upgraded to buy from hold. Morgan Stanley raised its estimate. S&P keeps hold.
Consol Energy (CNX) sees revenues from the sale of company-produced coal $41 million to $59 million lower than its previous forecast. Teh company cut the 5 cents to 10 cents third-quarter earnings per share forecast to a 30-cent to 40-cent loss. S&P reiterates avoid.
SeaChange (SEAC) posted 12 cents, vs. 3 cents second-quarter earnings per share on an 18% revenue rise. The maker of video-storage servers for video-on-demand sees $43 million in third-quarter revenues and 12 cents earnings per share. Friedman Billings reiterated the underperform rating.
Nanogen (NGEN) received a U.S. patent on the design, development, and capability of an electronic system to carry out and control multistep, multiplex reactions in macroscopic or microscopic formats.
Banknorth (BNK) and Canada's Toronto Dominion Bank confirmed that they are holding talks with regard to a possible transaction.
American Woodmark (AMWD) posted $1.16, vs. 90 cents first-quarter earnings per share on a 21% sales rise. It sees $1.15 to $1.20 second-quarter earnings per share.
Hughes Supply (HUG) posted $1.27, vs. 80 cents second-quarter earnings per share on 17% higher same-store sales and 40% higher total sales The electrical-supplies retailer sees 98 cents to $1.03 third-quarter earnings per share. It sees margin compression at some point, and sales somewhat lower than in the first half, as well as more challenging comparable sales.