Markets & Finance

Microsoft Posts Higher Net


After the close of trading Thursday, Microsoft (MSFT) posted 23 cents, vs. 12 cents third-quarter earnings per share on $9.62 billion revenue. The software giant missed analysts' $9.83 billion revenue estimate.

Shares of Molson Coors (TAP) tumbled Thursday after the brewer posted a 74-cent first quarter loss per share loss, vs. 13 cents EPS one year earlier, as $40.7 million in charges related to the recent merger that froemd the company and lower sales volume in key markets offset a 15% net sales rise. S&P downgraded the shares to sell from hold.

Shares of Martek Biosciences (MATK) dropped sharply Thursday after the company cut its third-quarter revenue guidance to $38 million to $42 million and anticipates fiscal 2005 earnings per share to be "materially" lower than the current estimate. S&P maintains buy, and places estimates under review pending this morning's conference call.

DaimlerChrysler (DCX) posted 31 cents (28 euro cents) first-quarter earnings per share, vs. 53 cents (41 euro cents) on a 30% lower revenues. The U.S.-Germany auto manufacturer lost $1.23 billion with falling sales and quality problems in its Mercedes division amid and restructuring of its Smart operation.

GlaxoSmithKline (GSK) posted 40 cents (21.1 pence) vs. 34 cents (18.0 pence) first-quarter earnings per share on 3.7% higher turnover. Says on track to deliver its guidance of earnings per share growth in low double-digit range.

Aetna (AET) posted $1.39, vs. $1.14 first-quarter earnings per share on a 13% revenue rise. The company raises $4.38 to $4.45 2005 operating earnings per share guidance to $4.52 to $4.57.

Starwood Hotels & Resorts (HOT) posted 36 cents, vs. 16 cents first-quarter earnings per share on a 15% revenue rise. The company sees second-quarter earnings per share of 64 cents and $2.09 2005 earnings per share. The company, Lehman Brothers, and Starwood Capital are to make a bid for Le Meridien.

Siebel Systems (SEBL) posted a 1-cent first-quarter loss, vs. 6 cents earnings per share on 9% lower revenue. The company says license revenue declined 41% from year ago. S&P reiterates sell.

Starbucks (SBUX) posted 24 cents, vs. 19 cents second-quarter earnings per share on a 22% revenue rise. The company raises fiscal 2005 earnings per share guidance to $1.17 to $1.19. S&P reiterates hold.

Ask Jeeves (ASKJ) posted 26 cents, vs. 23 cents first-quarter earnings per share (GAAP) on a sharp revenue rise. The online search portal sees 21 cents second-quarter earnings per share. It forecasts 90 cents to $1.05 2005 earnings per share on $380 million to $395 million revenue.

Alcatel (ALA) posted 12 cents, vs. 26 cents first-quarter earnings per ADS despite a 3.7% revenue rise. The company sees low- to mid-single-digit growth rate in the second-quarter and 2005 revenues year-over-year, and says 2005 earnings should grow at a double-digit rate.

Sanmina-SCI (SANM) posted 6 cents, vs. 5 cents second-quarter earnings per share on a slight sales rise. S&P cuts estimate and target.

Estee Lauder (EL) posted 46 cents, vs. 43 cents third-quarter earnings per share from continuing operations on 8% revenue rise. Current quarter earnings per share are below expectations. With lower sales growth this quarter, it now expects $1.87 to $1.90 fiscal 2005 earnings per share from continuing operations.

Tenet Healthcare (THC) receives "Wells Notice" from staff of the SEC regarding the adequacy of the company's disclosures in its financial reports relating to Medicare outlier reimbursements and stop-loss payments under managed care contracts.

Bowne & Co (BNE) posted 11 cents, vs. 8 cents first-quarter earnings per share (GAAP) as lower expenses offset a 2.5% revenue drop.

Fair Isaac (FIC) posted 45 cents, vs. 39 cents second-quarter earnings per share on a 13% revenue rise. The credit scoring company sees 44 cents third-quarter earnings per share on revenue of $205 million.

Chiron (CHIR) posted a 5-cent first-quarter loss from continuing operations (GAAP), vs. 14 cents earnings per share as higher research and development and selling, general, and administrative costs offset a 7% revenue rise. The company sees $1.06 to $1.16 2005 earnings per share (GAAP) on $2 billion in revenue.

Marvel Enterprises (MVL) posted 25 cents, vs. 27 cents first-quarter earnings per share on a 15% sales drop. The company notes first-quarter 2005 results include a $10 million one-time charge (6 cents per share) for resolution of all past and future payments claimed by Stan Lee. It maintains $1.07 to $1.12 2005 earnings per share guidance.

Biogen Idec (BIIB) posted 30 cents, vs. 40 cents first-quarter earnings per share (pro forma) as higher research and development and selling, general, and administrative costs offset a 9% revenue rise. S&P reiterates hold. Deutsche Bank reportedly upgrades to hold from sell.

Applebee's International (APPB) posted 38 cents, vs. 35 cents first-quarter earnings per share on 3.7% higher system-wide comparable sales. It now expects to open more than 135 new restaurants in 2005, system-wide comparable sales to increase by at least 3%, and earnings per share to be in the $1.49 to $1.52 range.

Cadence Design Systems (CDN) posted a breakeven first-quarter, vs. a 3-cent loss (GAAP) on a 10% revenue rise. The company sees 27 cents to 35 cents 2005 earnings per share on $1.24 billion to $1.30 billion in revenue.

Stanley Works (SWK) posted 78 cents, vs. 66 cents first-quarter earnings per share on a 6% revenue growth (excluding acquisitions). S&P maintains hold.

Nautilus Inc. (NLS) posted 28 cents, vs. 19 cents first-quarter earnings per share on a 20% sales rise. The company sees 9 cents to 10 cents second-quarter earnings per share, and 25% sales growth. The company raises 2005 earnings per share guidance to $1.17 to $1.19 on 15% sales growth.

Skechers U.S.A. (SKX) posted 25 cents, vs. 18 cents first-quarter earnings per share on an 11% revenue rise. It sees 21 cents to 26 cents second-quarter earnings per share on $245 million to $255 million in revenue.


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