Markets & Finance

Wal-Mart Slips


Wal-Mart (WMT

) posted 75 cents, vs. 63 cents fourth-quarter earnings per share on 10% higher net sales. The retailing giant reportedly sees 56 cents to 58 cents first-quarter earnings per share and $2.70 to $2.74 fiscal 2006 earnings per share. The Washington Post reports the Connecticut Attorney General Richard Blumenthal is to probe Wal-Mart on child labor allegations.

Hewlett-Packard (HPQ

) posted 37 cents, vs. 35 cents first-quarter earnings per share (non-GAAP) on a 10% revenue rise. The company sees 35 cents to 37 cents second-quarter earnings per share on revenue of $21.2 billion to $21.6 billion. S&P keeps hold and notes second-quarter guidance below model.

RadioShack (RSH

) posted 81 cents, vs. 77 cents fourth-quarter earnings per share on a 3% same-store sales. The company initiates 39 cents to 41 cents first-quarter earnings per share. It lowers 2005 earnings per share guidance by 7 cents to $2.34 to $2.40. S&P reiterates hold.

Nextel Communications (NXTL

) posted 41 cents, vs. 55 cents fourth-quarter earnings per share on a 17% revenue rise. The company sees $1.75 2005 earnings per share (adjusted), excluding the adoption of SFAS 123.

Target (TGT

) posted 90 cents, vs. 79 cents fourth-quarter earnings per share from continuing operations on 5.4% higher same-store sales.

Dolby Laboratories's (DLB

) initial 27.5 million shares were offered at $18.

Elan Corp. (ELN

) and Biogen Idec (BIIB

) announce Affirm monotherapy trial achieved two-year primary endpoint of slowing progression of disability in patients with relapsing forms of multiple sclerosis.

Medtronic (MDT

) posted 46 cents (excluding a charge), vs. 38 cents third-quarter earnings per share on a 15% revenue rise.

Brocade Communications (BRCD

) posted 10 cents, vs. 3 cents first-quarter earnings per share (non-GAAP) on an 11% revenue rise. Piper Jaffray reportedly upgrades to market perform from underperform.

Dendreon (DNDN

) announces that Provenge, its investigational immunotherapy for treatment of prostate cancer, significantly improved survival in men with asymptomatic, metastatic androgen-independent prostate cancer.

Monsanto (MON

) agrees to buy Emergent Genetics, a leading cotton seed company, for $300 million. It now sees $1.85 to $2.00 fiscal 2005 earnings per share from continuing operations. S&P reiterates a strong sell.

Sanmina-SCI (SANM

) posted a lower-than-expected 81 cents, vs. 77 cents fourth-quarter earnings per share on 3% higher same-store sales. The company sets 39 cents to 41 cents first-quarter earnings per share guidance. It lowers 2005 earnings per share guidance to $2.34 to $2.40.

Medtronic (MDT

) posted 46 cents (excluding a charge), vs. 38 cents third-quarter earnings per share on 15% revenue rise. S&P reiterates hold.

Baker Hughes Inc. (BHI

) posted 53 cents, vs. 30 cents fourth-quarter earnings per share (GAAP) on 18% higher revenues. The company sees 39 cents to 42 cents first-quarter earnings per share from continuing operations on 14% to 16% revenue growth and $1.80 to $1.95 fiscal 2005 earnings per share on 9% to 11% revenue growth.

Panera Bread (PNRA

) posted 45 cents, vs. 34 cents fourth-quarter earnings per share on a 35% revenue rise. The company sees 42 cents to 43 cents first-quarter earnings per shar and $1.52 to $1.57 2005 earnings per share. S&P reiterates buy.

Bally Total Fitness (BFT

) says the U.S. Attorney for District of Columbia requests information in connection with a criminal investigation being conducted by that office, following recent disclosure of results of an Audit Committee investigation.

FTI Consulting (FCN

) posted 27 cents, vs. 34 cents fourth-quarter earnings per share (before charges) as higher costs offset a 9% revenue rise. It sees $1.20 to $1.30 2005 earnings per share on revenue of $460 million to $480 million.

Advance Auto Parts (AAP

) posted 46 cents, vs. 38 cents fourth-quarter earnings per share from continuing operations on a 3.4% sales rise. The company sees 85 cents to 90 cents first-quarter earnings per share and $3.00 to $3.10 2005 earnings per share.


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