Markets & Finance

Amazon.com Posts Lower Net


Amazon.com (AMZN) posted second quarter earnings per share of 12 cents, vs. 18 cents one year earlier, as higher tax expense offset 26% revenue rise. The online retailer sees sales of $1.76 billion to $1.91 billion for the third quarter and $8.275 billion to $8.675 billion for 2005.

Sun Microsystems (SUNW) posted fourth quarter earnings per share (GAAP basis) of 4 cents, vs. 23 cents, on a 4.3% revenue decline. S&P reiterates its hold opinion on the shares.

Sanmina-SCI (SANM) posted third quarter earnings per share (non-GAAP) of 5 cents, vs. 7 cents, on 7.8% lower revenue. The company sees 4 cents to 6 centst fourth quarter earnings per share (excluding charges) on $2.65 billion to $2.80 billion in revenue.

Microchip Technologies (MCHP) posted first quarter earnings per share (GAAP basis) of 29 cents, vs. 21 cents, on a 2.7% sales rise. It sees earnings per share of 30 cents in the second quarter on a 4% sequential sales rise. The company raised its quarterly dividend 32%.

Biogen Idec (BIIB) posted second quarter earnings per share of 43 cents, vs. 34 cents (adjusted), on a 12% revenue rise.

Flextronics (FLEX) posted first quarter earnings per share from operations of 17 cents, vs. 14 cents, on slightly higher revenue. S&P reiterate its buy opinion.

PepsiAmericas (PAS) posted second quarter earnings per share of 53 cents, vs. 43 cents, on a 12% revenue rise. The company raised its 2005 EPS guidance by 5 cents to a range of $1.38 to $1.41.

Monster Worldwide (MNST) posted second quarter earnings per share of 16 cents, vs. 14 cents, on a 32% revenue rise. It sees earnings per share of 23 cents to 24 cents for the third quarter, and 88 cents to 91 cents for all of 2005.

Websense (WBSN) posted second quarter earnings per share of 36 cents, vs. 24 cents, on a 35% revenue rise.The company sees third quarter earnings per share of about 38 cents.

Guitar Center (GTRC) posted second quarter earnings per share (GAAP basis)of 46 cents, vs. 45 cents, on a 19% rise in sales. The musical-instrument retailer reiterates its third quarter guidance of 48 cents to 52 cents earnings per share (including charges) on sales of $423.1 million to $434.2 million. S&P maintains its strong buy recommendation.

Corning (GLW) posted second quarter earnings per share of 20 cents (excluding an item), vs. 7 cents, on a 17% sales rise. The company sees third quarter earnings per share of 20 cents to 22 cents (excluding items) on $1.14 billion to $1.19 billion in sales.

Electronic Arts (ERTS) posted a second quarter loss per share from operations of 18 cents, vs. 8 cents operating earnings per share, on 16% lower net revenue. The company expects second quarter results to range between breakeven to earnings per share of 5 cents. S&P reiterates hold.

Vornado Realty (VNO) will be added to the S&P 500 index after the close of trading on date to be announced, replacing Sungard Data Systems, which is being acquired.


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