Markets & Finance

Amazon.com Tumbles


Amazon.com (AMZN) posted 82 cents, vs. 17 cents fourth-quarter earnings per share on a 31% revenue rise. The online retailer sees $1.80 billion to $1.95 billion in first-quarter sales and $80 million to $110 million in operating income, down 0% to 28% from the first quarter of 2004. It sees $8.05 billion to $8.65 billion in 2005 sales. CSFB downgrades the stock. S&P keeps hold.

The Wall Street Journal reports that Qwest Communications (Q) and MCI (MCIP) are in talks that could lead to a merger. The Journal notes Qwest, which has been in on-and-off talks with MCI for months, is offering about $6.3 billion to acquire MCI.

Starbucks (SBUX) posted 7% higher January same-store sales at company-operated stores and 23% higher total sales. Citigroup reportedly downgrades to hold from buy.

Royal Dutch Petroleum (RD) posted $4.5 billion, vs. $1.9 billion fourth-quarter net income on a 42% sales rise. The company sets a $3 billion to $5 billion stock buyback. It sees a $10 billion dividend payment in 2005.

CNET Networks (CNET) posted 6 cents, vs. 5 cents fourth-quarter earnings per share on a 21% revenue rise. The company sees $71 million to $74 million in first-quarter revenue and $340 million to $355 million in 2005. S&P downgrades to sell from hold.

Nordstrom (JWN) posted 8.8% higher January same-store sales and 8.9% higher total sales.

Mercury Interactive (MERQ) posted 36 cents, vs. 13 cents fourth-quarter GAAP earnings per share on a 34% revenue rise. It sees $190 million to $200 million in first-quarter revenue and 26 cents to 32 cents GAAP earnings per share. The company sees $1.36 to $1.46 2005 GAAP earnings per share.

Mylan Labs (MYL) posted 13 cents, vs. 31 cents third-quarter earnings per share on a 17% revenue drop. The company cites increased pricing pressure and competition. The delayed launch of fentanyl transdermal system, limited significant product launches. It cuts its fiscal 2005 earnings per share view to 75 cents to 80 cents.

Whirlpool (WHR) posted $1.44, vs. $1.76 fourth-quarter earnings per share as increases in material and logistics costs offset an 8.1% sales rise. The company sees 2005 earnings per share of $5.90 to $6.10 and free cash flow in the $250 million to $300 million range.

Raytheon (RTN) posted 54 cents, vs. 49 cents fourth-quarter earnings per share on a 12% sales rise. The company reaffirms 2005 earnings per share view of $1.80 to $1.90.

Aeropostale (ARO) posted a 2.5% January same-store sales rise and a 24% total sales rise. The company raises 63 cents first-quarter earnings per share guidance to 65 cents. S&P reiterates buy.

Chico's Fashions (CHS) posted 8.2% higher January company-owned same-store sales and 24% higher total sales.

Limited Brands (LTD) posted 9% higher January same-store sales and 11% higher total sales.

AnnTaylor Stores (ANN) posted 3.6% lower January same-store sales and 8.7% higher total sales.

Abercrombie & Fitch (ANF) posted 17% higher January same-store sales and 30% higher total sales. The company posted 9% higher fourth-quarter same-store sales and 23% higher total sales. S&P reiterates buy.

Gartner (IT) posted 4 cents, vs. 5 cents fourth-quarter earnings per share as higher costs and expenses offset a 4.7% revenue rise. The company plans to take several charges during 2005. It sees 15 cents to 25 cents 2005 GAAP earnings per share.

ESS Technology (ESST) posted a 53-cent fourth-quarter loss, vs. 21 cents earnings per share (GAAP) on a 48% revenue drop. The company cites weak demand for digital media products. It has a cautious first-half of 2005 view, and sees 26 cents to 31 cents first-quarter GAAP loss. Pacific Growth keeps underweight.

Alcatel (ALA) posted 0.03 euro (4 cents) fourth-quarter earnings per share, vs. 0.39 euro (51-cent) loss (restated) on an 11% sales rise. The company sees pre-goodwill 2005 earnings per share up in double-digits. It will propose to continue not to pay dividends for 2004.

Digene (DIGE) posted 1 cent, vs. 5 cents second-quarter earnings per share despite a 28% revenue rise. It sees $28 million to $31 million third-quarter revenue, breakeven-to-7 cents earnings per share, $115 million to $120 million fiscal 2005 revenue and a 14-cent to 32-cent loss.


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