) posted second quarter earnings per share (non-GAAP basis) of 30 cents, vs. 19 cents one year earlier, on a 35% rise in operating revenue and 39% higher total product sales.The biotech outfit expects 2005 non-GAAP EPS to increase by more than 35%.
) posted second quarter EPS of 70 cents, vs. 61 cents, on a 9% revenue rise.
Manor Care (HCR
) sees lower-than-expected second quarter EPS of 41 cents to 43 cents, including "unusual" items. The company cites a weaker-than-expected census during the last part of quarter.
Hudson United Bancorp (HU
) agreed to be acquired by TD Banknorth (BNK
) in a deal valued at $1.9 billion (about 51% in Banknorth stock and 49% cash). The deal values Hudson United at $42.78 per share.
Open Text (OTEX
) sees total revenues for the fourth quarter of $108 million to $112 million, vs. prior guidance of $115 million to $125 million. S&P cut its estimates and reiterates its hold opinion. CIBC World downgraded the shares to sector perform from sector outperform.
Host America (CAFE
) shares more than doubled Tuesday after the company said it will start surveying 10 Wal-Mart stores in the Southwest, in prepartion for installation of its LightMasterPlus on fluorescent lighting system of each store. Details of the surveys will be released as they become available.
) sees better-than-expected second-quarter EPS of 64 cents(including certain items) on $1.47 billion in revenue. S&P reiterates hold, noting that revenue guidance was below its estimate.
FEI Co. (FEIC
) sees lower-than-expected breakeven second quarter EPS (non-GAAP). It sees third quarter revenue similar to the second quarter. FEI will restructure and consolidate operations in order to focus on its three major markets; it estimates related charges to be about $15 million.
Bear Stearns upgraded its recommendation on DreamWorks Animation (DWA
) to peer perform from underperform. On July 11, the animation studio cut guidance and announced an SEC informal probe.
) posted second quarter EPS (preliminary) of 16 cents on an 8% revenue rise.
Since receipt of an unsolicited acquisition offer (reported July 7), WPT Enterprises (WPTE
) has attempted to substantiate the offer, but has been unable to do so. Assuming no further contact is forthcoming, the offer will lapse at 5:30 p.m. Tuesday. contact, offer lapses 5:30 pm today. Merriman Curhan says buy on weakness.
Acording to a Wall Street Journal report, Federal regulators plan to cite KB Home (KBH
) for limiting the ability of home buyers to sue the company over alleged home defects, according to people familiar with the situation.
Darden Restaurants (DRI
) says June same-restaurant sales at Olive Garden were up 10% to 11%, same-restaurant sales at Red Lobster were up approximately 9%.
Wedbush Morgan raised its estimates and target price on Charlotte Russe (CHIC
) and reiterates its buy rating on the stock.
Acording to a Wall Street Journal report, as Disney (DIS
) explores the fate of its roughly $3 billion radio station and network group, it is considering a multi-step process to both extract cash and structure a tax-free spinoff to Disiney shareholders.
) posted first quarter EPS of 45 cents, vs. 31 cents, on a 42% revenue rise. It sees second quarter EPS of 46 cents to 47 cents on $506 million to $509 million in revenue.
) will sell its North American heavy-duty laundry detergent brands to Phoenix Brands LLC. The deal, which is expected to close in the 2005 third quarter, will generate a one-time, after-tax gain of $60 million.
Ameritrade Holdings (AMTD
) posted third quarter EPS of 18 cents, vs. 15 cents, on a 6.5% revenue rise. It sees full-year fiscal 2005 EPS of 75 cents to 80 cents.