Markets & Finance

Starbucks Posts Higher Profit


Starbucks (SBUX) posted third quarter earnings per share of 31 cents, vs. 24 cents, on a 21% consolidated revenue rise. The coffee chain sees 29 cents to 30 cents fourth quarter earnings per share. It sees $1.44 to $1.47 fiscal 2006 earnings per share (excluding option expense). S&P reiterates its hold recommendation.

DaimlerChrysler (DCX) posted second quarter earnings per share of 88 cents, vs. 69 cents one year earlier, on a 3.6% revenue rise. The automaker sees higher revenues in 2005 than in 2004, with 2005 operating profit impacted by a less favorable currency effects and raw material prices. Chairman of Board of Management Juergen Schrempp is to leave the company.

Computer Associates (CA) posted first quarter earnings per share (GAAP basis) of 15 cents, vs. 7 cents, on an 8% revenue rise. The company sees 5 cents to 6 cents second quarter earnings per share on 8% to 12% revenue growth. It raised its fiscal 2006 earnings per share from operations guidance to 93 cents to 98 cents.

McKesson (MCK) posted first quarter earnings per share of 66 cents, vs. 55 cents (excluding a charge), on a 10% revenue rise. The company sees $2.25 to $2.40 fiscal 2006 earnings per share, excluding adjustments to its securities litigation reserve.

Spectrum Brands (SPC) shares fell after the company posted third quarter earnings per share of 76 cents, vs. 39 cents (pro forma), on a 7% revenue rise. Spectrum sees $2.40 to $2.43 pro forma fiscal 2005 earnings per share, at the lower end of previous guidance; it sees $2.70 to $2.85 pro forma earnings per share for fiscal 2006. S&P downgraded the shares.

Scotts Miracle-Gro (SMG) shares gained after the company posted third quarter earnings per share of $3.41 (excluding a charge), vs. $3.06, on an 18% sales rise. S&P reiterates buy. JP Morgan upgrades to overweight.

Marvel Enterprises (MVL) shares fell after the company posted second quarter earnings per share of 24 cents, 25 cents, on a 43% sales drop. Marvel revised its $117 million to $126 million 2005 net income guidance to $120 million to $126 million; it maintains its 2005 net sales and earnings per share guidance.

Ethan Allen (ETH) posted fourth quarter earnings per share of 56 cents, vs. 35 cetns, despite a 1.7% sales drop. The company believes analysts' current range of estimates for the fiscal 2006 first quarter and full year are achievable.

Alcatel (ALA) posted second quarter earnings per ADS of 17 cents, vs. 8 cents, on an 8.5% revenue rise. It sees 5% to 7% third quarter revenue growth and raised its 2005 revenue growth forecast to 5% to 8%. It sees €0.60 2005 earnings per share.

According to a Wall Street Journal report, General Electric's (GE) Universal Studios has held exploratory talks to acquire the closely held movie studio DreamWorks, majority owner of DreamWorks Animation (DWA), for as much as $1 billion or more, according to people familiar with the matter.

Chiron (CHIR) posted second quarter earnings per share from continuing operations (adjusted) of 8 cents, vs. 20 cents, as higher SG&A and R&D costs offset a 10% revenue rise. The companmy sees $1.20 to $1.45 2005 earnings per share from continuing operations.

Pulte Homes (PHM) posted second quarter earnings per share from continuing operations of $2.30, vs. $1.46, on a 31% revenue rise. The homebuilder raised its $9.35 to $9.85 2005 earnings per share from continuing operations guidance to $10.00 to $10.50. It also set a 2-for-1 stock split, and raised its quarterly dividend by 3 cents a share.


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus