Markets & Finance

Pfizer Sees Lower 2005 Revenue


Pfizer (PFE) posted 22 cents vs. 44 cents third quarter earnings per share on a 5% revenue drop. It sees a larger decline than previously forecast in 2005 revenue reflecting lower US Human Health revenues. It sees $1.92 to $1.94 2005 adjusted earnings per share, and $1.02 to $1.04 reported.

Ford (F) posted a 15 cents third quarter loss vs. 15 cents earnings per share despite a 4.4% sales rise. It sees 2005 results at the low end of $1.00 to $1.25 earnings per share from continuing operations guidance.

eBay (EBAY) posted 20 cents vs. 14 cents third quarter earnings per share (pro forma) on a 37% revenue rise. It sees 21 cents fourth quarter earnings per share from operations on revenue of $1.25 billion to $1.29 billion. It sees 96 cents to $1.01 2006 earnings per share.

Coca-Cola (KO) posted 54 cents vs. 39 cents third quarter earnings per share on a 7.9% operational revenue rise.

Nokia (NOK) posted EUR 0.20 vs. EUR 0.15 third quarter earnings per share on an 18% sales rise (third quarter 2004 earnings per share and revenues revised). It raised its 760 million 2005 overall mobile device market forecast to 780 million. It sees the average selling prices in the fourth quarter declining sequentially.

Whirlpool (WHR) posted $1.66 vs. $1.50 third quarter earnings per share on an 8.5% sales rise. It maintains $5.90 to $6.10 2005 earnings per share guidance and continues to expect full-year material and oil-related costs to be at the high end of its $500 million to $550 million range.

McDonald's (MCD) posted 58 cents vs. 61 cents third quarter earnings per share (including items) as higher operating costs offset a 4.1% same-store sales rise and 8% higher total sales.

Allstate (ALL) posted a $2.52 third quarter operating loss vs. 9 cents earnings per share as the effects of catastrophes (a $4.67 loss) offset a 5.9% revenue rise. It cut its $6.00 to $6.40 2005 earnings per share estimate to between $2.35 and $2.50, citing catastrophe losses. S&P kept a strong buy on the stock.

Hershey (HSY) posted 75 cents (excluding charges) vs. 66 cents third quarter earnings per share on a 9.1% sales rise. It noted that the cost to implement its business realignment program will result in total pre-tax charges of 41 cents to 44 cents per share after-tax, with 90% recorded in the second half.

SAP (SAP) posted EUR 1.08 vs. EUR 0.94 third quarter earnings per share (basic) on a 13% revenue rise. It raised its EUR 4.70 to EUR 4.80 2005 pro forma earnings per share forecast to EUR 4.85 to EUR 4.95.

Talisman Energy (TLM) shares fell in a deal to acquire Paladin Resources for GBP 1.218 billion.

Harman (HAR) posted 79 cents vs. 48 cents first quarter earnings per share on a 9.1% sales rise. S&P maintained a buy on the stock.

Steel Dynamics (STLD) posted 92 cents vs. $2.01 third quarter earnings per share on a 21% revenue drop. It expected shipments for flat-rolled steel, building systems to remain strong, and sees some recovery in the bar-steel business. It sees about a 20% increase in fourth quarter earnings per share.

Noble (NE) posted 55 cents vs. 23 cents third quarter earnings per share on a 38% revenue rise. It estimates the financial impacts directly attributable to Hurricanes Katrina and Rita will be a reduction of earnings per share of 13 cents to 15 cents. S&P reiterated a buy on the stock.

Mohawk Industries (MHK) posted $1.61 vs. $1.67 third quarter earnings per share as higher raw material costs, increasing energy costs, and additional ceramic tile introductions offset an 11% sales rise. It sees $1.49 to $1.58 of fourth quarter earnings per share. S&P maintained its hold on the stock.

Washington Mutual (WM) posted 92 cents vs. 76 cents third quarter earnings per share on a 10% rise in net interest income. It raised its quarterly dividend to 49 cents.

Lilly (Eli) (LLY) posted 73 cents vs. 69 cents third quarter earnings per share on a 9.8% sales rise.

Rohm & Haas (ROH) posted 76 cents vs. 61 cents third quarter earnings per share from continuing operations on an 8% revenue rise. It cited given uncertainties currently in the marketplace and expects $2.75 to $2.80 2005 earnings per share.

Netflix (NFLX) posted 20 cents vs. 35 cents third quarter earnings per share from operations as its narrowed gross margin offset a 23% revenue rise. It raised its fourth quarter revenue and GAAP net income estimate, and also ups its year-end subscriber projections to between 4 million and 4.2 million. S&P kept a hold opinion on the stock.

Aztar (AZR) posted 51 cents vs. 36 cents third quarter earnings per share on a 16% revenue rise. Deutsche Bank reportedly downgraded the stock to hold from buy.

Outback Steakhouse (OSI) posted 39 cents vs. 36 cents third quarter earnings per share despite 1.4% lower Outback Steakhouse systemwide same-store sales. Total sales rose 12%. S&P reiterated a buy on the stock.

Alaska Air (ALK) posted $2.16 vs. $1.58 third quarter earnings per share from operations on a 10% revenue rise.

Dow Jones (DJ) posted 12 cents vs. 15 cents third quarter earnings per share despite a 6.7% revenue rise. It sees low-to-mid 30 cents 2005 earnings per share (before special items).

Quest Diagnostics (DGX) posted 66 cents vs. 62 cents third quarter earnings per share on a 6.3% revenue rise, which included 5 cents impact of hurricanes and an investment write-down in third quarter 2005. It sees $2.61 to $2.64 2005 earnings per share.

XTO Energy (XTO) posted 85 cents vs. 40 cents third quarter earnings per share on a 90% revenue rise.

Baxter (BAX) posted 18 cents vs. 42 cents third quarter earnings per share (GAAP) as higher costs offset 3% higher worldwide sales. It sees 56 cents to 58 cents fourth quarter earnings per share (adjusted) on a low-single digit decline in organic sales.

Tractor Supply (TSCO) posted 45 cents vs. 19 cents third quarter earnings per share on a 12% revenue rise. It sees $1.95 to $1.97 2005 earnings per share on sales of $2.012 billion to $2.02 billion, and a same stores sales increase of 4.2% to 4.5%. BB&T Capital upgraded the stock to buy from hold.

Logitech (LOGI) posted 37 cents vs. 27 cents second quarter earnings per share on 28% higher revenue. It raises 15% revenue growth guidance for fiscal year 2006 to 18% to 20%, and says operating income growth is to exceed the earlier target of 15%.

Medimmune (MEDI) posted a 26 cents third quarter loss vs. 26 cents loss (including items) as higher R&D costs offset a 66% revenue rise. S&P maintained a hold on the stock.

Analog Devices (ADI) said it sees 6% sequential fourth quarter revenue growth, and slightly higher sequential gross margin.

Rare Hospitality (RARE) posted 28 cents vs. 24 cents third quarter earnings per share on a 16% revenue rise. It sees 41 cents to 44 cents fourth quarter earnings per share.

MGI Pharma, INC (MOGN) posted 17 cents third quarter earnings per share vs. a $1.26 loss (GAAP) on a 22% revenue rise. It sees $280 million to $290 million of 2005 revenue, and $116 million to $122 million in preliminary GAAP operating loss from continuing operations. Baird downgraded the stock to neutral from outperform.

Formfactor (FORM) posted 23 cents vs. 19 cents third quarter earnings per share on a 19% revenue rise. Friedman Billings reportedly upgraded the stock to outperform from market perform.

Knight Transport (KNX) posted 27 cents vs. 22 cents third quarter earnings per share on a 28% revenue rise. S&P maintained its hold on the stock.

Acxiom (ACXM) posted better-than-expected 20 cents vs. 20 cents second quarter operating earnings per share on an 11% revenue rise. S&P raised its estimates and maintained a buy on the stock.

Build-A-Bear Workshop (BBW) posted 26 cents vs. 19 cents third quarter earnings per share on a 26% revenue rise. It says it is comfortable with the mid to high-end of its 2005 earnings per share guidance of $1.24 to $1.30.

Citrix Systems (CTXS) posted 23 cents vs. 22 cents third quarter earnings per share (GAAP) on a 21% revenue rise. It posted better-than-expected 29 cents non-GAAP earnings per share. It sees 25 cents to 27 cents fourth quarter GAAP earnings per share on revenue of $243 million to $251 million. S&P reiterated a strong buy.

Gramercy Capital (GKK) posted 41 cents third quarter earnings per share vs. breakeven on a sharp revenue rise.

MDU Resources Group (MDU) posted 72 cents vs. 60 cents third quarter earnings per share on a 33% revenue rise. It raised its $2.00 to $2.20 2005 earnings per share guidance to between $2.10 and $2.30.

Ingersoll-Rand (IR) posted 75 cents vs. 68 cents third quarter earnings per share on a 10% revenue rise. It raised its 2005 earnings per share guidance to between $2.94 and $2.98. It expects double-digit earnings per share growth for 2006.

Costar Group (CSGP) posted 6 cents (including the plant closure charge) vs. 13 cents third quarter earnings per share on 20% higher revenue. It sees 15 cents fourth quarter earnings per share.

Juniper Networks (JNPR) posted 14 cents vs. 8 cents third quarter earnings per share (GAAP) on a 46% revenue rise. Baird upgraded the stock to outperform from neutral.

Verisign (VRSN) posted 17 cents vs. 16 cents third quarter earnings per share (GAAP) on a 28% revenue rise. It says results were mixed with strong demand across the Internet and core Communications Services, offset by a shortfall in the Mobile Content business.

Moneygram (MGI) posted 33 cents vs. 28 cents third quarter earnings per share from continuing operations on a 14% revenue rise. It raises $1.11 to $1.15 2005 earnings per share from continuing operations guidance to between $1.22 and $1.25.

Intersil (ISIL) posted 19 cents third quarter earnings per share vs. 21 cents loss on 24% higher revenue. S&P reiterated its hold on the stock. Piper Jaffray reportedly raised its price target to $26.

CBOT Holdings (BOT)shares rose further following Wednesday's initial public offering of 3.2 million Cl A shares at $54 per share.

Cost Plus (CPWM) cut its third quarter guidance to a 12 cents loss from the prior range of 4 cents loss to 2 cents earnings per share, and now sees total sales at $201 million vs. the former $209 million to $213 million forecast. S&P kept its hold on the stock. AG Edwards downgraded the stock to sell.

Matria Healthcare (MATR) posted 30 cents vs. 24 cents third quarter earnings per share from continuing operations on an 11% revenue rise. It sees $88 million to $90 million fourth quarter revenue, and 28 cents to 31 cents earnings per share from continuing operations.

Progressive Gaming International (PGIC) In an 8-K filing, says it expects its operating results for the third quarter to be below its previously issued guidance, due to the inability to recognize revenue or related costs of two complex software licensing transactions.

USA Truck (USAK) posted lower-than-expected 40 cents vs. 22 cents third quarter earnings per share on a 23% revenue rise.

WESCO International (WCC) posted 51 cents vs. 43 cents third quarter earnings per share on a 16% revenue rise.

Silgan Holdings (SLGN) posted $1.20 vs. $1.03 third quarter earnings per share on a 1.6% sales rise. S&P downgraded the stock to strong sell from hold.

Covance (CVD) posted 49 cents vs. 39 cents third quarter earnings per share on a 15% revenue rise. It sees $1.88 to $1.91 2005 earnings per share, and at least $2.30 2006, excluding stock option costs. S&P kept a strong buy on the stock. Friedman Billings reportedly downgraded the stock to market perform.

City National (CYN) posted $1.17 vs. $1.04 third quarter earnings per share on a 13% revenue rise.

Valassis Communications (VCI) posted 42 cents vs. 43 cents third quarter earnings per share as higher SG&A costs offset a 7.4% revenue rise.


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