Markets & Finance

EDS Shares Rise on Profit


CheckFree (CKFR) shares moved higher Thursday after the company posted fourth quarter earnings per share (non-GAAP) of 39 cents, vs. 30 cents, on a 27% revenue rise. The company sees $1.50 to $1.54 fiscal 2006 earnings per share (non-GAAP).

Sara Lee (SLE) posted $0.19 fourth quarter loss per share (including a 55-cent charge) vs. 44 cents earnings per share one year earlier, on 5% lower sales. The consumer-goods outfit set a $2 billion stock buyback.

Electronic Data Systems (EDS) posted second quarter earnings per share of 9 cents, vs. a 3-cent loss (pro forma), despite a slight revenue decline. The company expects 2006 pro forma earnings per share of $1.00 or more.

Warner Music Group (WMG) shares rose after the company posted a third quarter loss per share (adjusted) of 27 cents, vs. a 76-cent loss, on a 2.2% revenue rise. The company says it encouraged to see digital gains outpacing physical business.

Friedman Billings reportedly downgraded Watts Water Technologies (WTS) to market perform from outperform. On Wednesday, the company posted second quarter earnings per share of 44 cents (excluding a charge).

New Century Financial (NEW) shares fell after the company posted second quarter earnings per share of $1.65, vs. $2.46, despite a 63% rise in net interest income. The company revised its 2005 EPS guidance to $8.25 to $9.00.

Amvescap (AVZ) shares fell after CI Fund Management said it cannot develop a proposal for a transaction with Amvescap at this point in time without full cooperation of Amvescap and its board.

S&P thinks shares of RealNetworks (RNWK) could experience weakness Thursday, following recent indication that Amazon.com (AMZN) is poised to enter the online music-service category. S&P reiterates hold.

Abercrombie & Fitch (ANF) posted 22% higher July same-store sales and 33% higher total sales.

Dynamic Material (BOOM) shares rose after the company reported second quarter earnings per share of 35 cents, vs. a 9-cent loss, on a 53% sales rise.

Aeropostale (ARO) cut its 16 cents to 19 cents second quarter earnings per share guidance to 12 cents to 13 cents on a 4.2% decline in July same-store sales.

Human Genome Sciences (HGSI) plans to offer $230 million aggregate principal amount of convertible subordinated notes.

Alliant Techsystems (ATK) posted first quarter earnings per share of 99 cents, vs. 72 cents, on a 17% sales rise. The company raised its $3.0 billion fiscal 2006 sales guidance to $3.1 billion and its $4.35 to $4.50 earnings per share guidance to to $4.48 to $4.58.

Pier 1 Imports (PIR) posted 7.7% lower July same-store sales and 3.1% lower total sales. Based on weaker merchandise margins, the retailer sees second quarter results at the low end of its guidance range of 3 cents earnings per share to a 7-cent loss.

Caremark Rx (CMX) posted second quarter earnings per share from operations of 47 cents, vs. 30 cents, on a 13% revenue rise. The company sees $1.95 to $1.97 earnings per share for 2005. It also set a $1.25 billion stock buyback.

Peet's Coffee (PEET) posted second quarter earnings per share of 18 cents, vs. 13 cents, on a 24% rise in revenue. It sees third quarter earnings per share of 14 cents to 15 cents on a 20% rise in revenue. It also confirmed its 2005 guidance of 74 cents earnings per share on a 20% to 21% sales rise.

Bombay Company (BBA) posted 3% lower July same-stores sales and a 3% total sales decline. The company says its direct business was much softer than expected.

Donnelley (R.R.) (RRD) posted second quarter earnings per share of 42 cents, vs. a 6-cent loss (GAAP), on a 4.8% sales rise. The company raised its 2005 non-GAAP earnings per share from continuing operations forecast by 10 cents, to $2.17.

FEI Co. (FEIC) posted a second quarter loss per share of $2.01, vs. 8 cents earnings per share (GAAP), on a 1% sales decline and various charges. It sees an $8 million to $12 million third quarter pretax loss (including charges), with sales flat to down slightly sequentially. It also sees fourth quarter revenue up 10% over the third quarter.

Tekelec (TKLC) posted second quarter earnings per share of 8 cents, vs. breakeven results (GAAP), on a 39% revenue rise.


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