Yahoo (YHOO) shares climbed Wednesday after the Internet media company posted better-than-expected 17 cents vs. 17 cents third quarter earnings per share as items in both quarters offset a 47% revenue rise. rise. S&P reiterated its buy rating and raised its estimate. Piper Jaffray reiterated its outperform recommendation and raised its estimates and price target.
Motorola (MOT) posted 69 cents (including 39 cents in gains) vs. 19 cents third quarter earnings per share from continuing operations on a 26% sales rise. It sees 32 cents to 34 cents fourth quarter earnings per share from continuing operations on sales of $10.3 billion to $10.5 billion. S&P raised its estimates and reiterated a strong buy.
Intel (INTC) posted 32 cents (including a legal settlement charge and tax item) vs. 30 cents third quarter earnings per share on an 18% revenue rise. It sees fourth quarter revenue of $10.2 billion to $10.8 billion and a gross margin percentage of about 63%. S&P upped the stock to buy from hold.
Altria Group (MO) posted $1.38 vs. $1.29 third quarter earnings per share on a 10% revenue rise. It narrowed its $5.00 to $5.10 2005 continuing operational earnings per share forecast to between $5.05 and $5.10.
Honeywell (HON) posted 55 cents vs. 43 cents third quarter earnings per share on a 7.9% sales rise. It sees 2005 sales of $27.6 billion and $1.93 to $1.95 earnings per share on a reported basis.
JP Morgan Chase (JPM) posted 71 cents vs. 39 cents on a 15% revenue rise.
General Dynamics (GD) posted $1.84 vs. $1.60 third quarter earnings per share on a 16% revenue rise.
Seagate Technology (STX) posted 54 cents including charges vs. 11 cents first quarter earnings per share on 34% higher revenue. It sees 44 cents to 48 cents second quarter earnings per share (GAAP) on revenue of between $2.1 billion and $2.2 billion. S&P reiterated a strong buy on the stock and Bear Stearns cut its recommendation to underperform from peer perform.
Kraft Foods (KFT) posted 40 cents vs. 46 cents third quarter earnings per share as higher costs offset a 4.4% sales rise. It cut its 2005 earnings per share guidance to between $1.68 and $1.71, reflecting higher-than-expected energy, packaging, and dairy costs.
Bank Of America (BAC) posted $1.02 vs. 91 cents third quarter earnings per share on a 16% revenue rise.
Cheesecake Factory (CAKE) posted 27 cents vs. 16 cents third quarter earnings per share on a 0.9% rise in same-store sales at Cheesecake Factory restaurants, 3.8% higher at Grand Lux, and an 18% total revenue rise. Piper Jaffray upgraded the stock to outperform from market perform.
Linens'n Things (LIN) posted 2 cents vs. 38 cents third quarter earnings per share on 10% lower same-store sales and 3.8% lower total sales. It says that to give variability in its results, it will not provide fourth quarter guidance at this time.
New York Times (NYT) posted 16 cents vs. 33 cents third quarter earnings per share (GAAP) as higher costs offset a 2.2% total revenue rise. The current quarter included a 5 cents charge for costs associated with staff reductions.
Varian Medical (VAR) says cancer treatment specialists on Tuesday outlined how image-guided radiotherapy technologies from the company enhance precision of cancer treatment. Separately, Jefferies upgraded the shares to buy from hold.
Office Depot (ODP) posted a 15 cents third quarter loss vs. 28 cents earnings per share on a 5% sales rise. It noted third quarter 2005 earnings per share including charges of 50 cents and an option expense of 1 cent.