Markets & Finance

Tyco Sees Higher Earnings in 2006


Tyco (TYC) posted 44 cents vs. 22 cents fourth quarter earnings per share on a 4.1% revenue rise. It sees 40 cents to 42 cents first quarter earnings per share from continuing operations. It sees fiscal year 2006 earnings per share from continuing operations increasing by approximately 10% over fiscal year 2005's.

D.R.Horton (DHI) posted $1.77 vs. $1.11 fourth quarter earnings per share on a 45% revenue rise.

General Motors (GM) was seen lower on reports that United Auto Workers said it needs Delphi (DPHIQ.PK) to revise its current offer or the parties won't be able to come to terms on a new agreement. A strike was seen as damaging for GM, which is Delphi's main customer.

Archipelago Holdings (AX) The New York Stock Exchange reportedly reached settlement with a group of dissident seat holders who objected to the terms of the NYSE's planned acquisition of Archipelago and sued to block deal. This clears the way for NYSE members to vote on the deal.

Inamed (IMDC) received an unsolicited preliminary non-binding bid from Allergan (AGN) to acquire Inamed (IMDC) for $84 in cash or 0.8498 Allergan share per Inamed share. The Inamed board determines Allergan's bid is likely superior to Medicis's (MRX) offer.

Borders Group (BGP) posted 20 cents third quarter loss vs. a penny loss on a slight decline in same-store sales and flat total sales.

Analog Devices (ADI) posted 18 cents vs. 34 cents fourth quarter earnings per share (GAAP) on a 2% revenue decline. It sees first quarter revenue equal to the fourth quarter and earnings per share of about 31 cents. It raised its quarterly dividend by 12 cents from 10 cents and will settle its issues related to a Securities and Exchange Commission investigation.

TOO (TOO) posted 48 cents vs. 33 cents third quarter earnings per share on 8% higher same-store sales and 16% higher total sales. It sees 80 cents to 82 cents fourth quarter earnings per share and same-store sales increasing in the mid-single digit range.

Pomeroy IT Solutions(PMRY) notified the Securities and Exchange Commission it is unable to complete its financial statements for the third quarter of 2005 because it has identified errors relating to service billing and cost calculations.

LA-Z Boy (LZB) posted 12 cents second quarter loss (including 10 cents charge) vs. 15 cents earnings per share on 13% lower sales. It sees 13 cents to 17 cents third quarter earnings per share.

Blockbuster (BBI) the Wall Street Journal reported that the company's credit terms have been altered or cut so much that it can now meet most of them without improving its business much, suggesting that a turnaround is far off.

Daktronics (DAKT) posted better-than-expected 26 cents vs. 26 cents second quarter earnings per share on a 27% sales rise. It forecast 15 cents to 25 cents third quarter earnings per share on $65 million to $72 million sales. It expects 2005 sales to increase by more than 20%, vs. previous 15% growth guidance.

UTStarcom (UTSI) shares halted mid-day Tuesday after rising sharply on news that the company said China Telecom has chosen its mVision end-to-end IPTV system to support IPTV service in China.

Abercrombie & Fitch (ANF) posted 88 cents vs. 64 cents third quarter earnings per share (non-GAAP) on 25% higher total company same-store sales and 35% higher total company sales. It upped fiscal year 2006 earnings per share guidance to between $3.44 and $3.49, excluding charges.

Gilead Sciences (GILD) and Roche ended their Tamiflu dispute. The companies will establish joint committees to oversee manufacturing, commercial, and pandemic planning for the product.

Aon (AOC) says it is exploring strategic alternatives relating to ownership of its warranty, credit insurance, property & casualty underwriting businesses.

Accelrys (ACCL) announced a relationship with Microsoft (MSFT) whereby pilot versions of Accelrys's CHARMm and CASTEP simulation programs will be shown running on Windows Compute Cluster Server 2003 at the Supercomputing 2005 conference.

Talbots (TLB) posted 37 cents vs. 49 cents third quarter earnings per share on a 2% same-store sales drop and 3.1% total sales rise. It noted that the year-ago results included an 8 cents tax benefit. It sees 35 cents to 37 cents fourth quarter earnings per share.

Charming Shoppes (CHRS) posted 9 cents vs. 5 cents third quarter earnings per share on a 3% same-store sales rise and 22% total sales rise. It reaffirms its 13 cents to 14 cents fourth quarter earnings per share projection and sees 74 cents to 75 cents fiscal year 2006.

Joy Global (JOYG) set a 3-for-2 stock split. It declares a post-split quarterly dividend of $0.1125, reprenting a 50% increase from its previous quarterly dividend.

Horizon Health (HORC) enters into a letter of intent to acquire the behavioral health facilities of Lighthouse Care Centers LLC ( with facilities in GA and SC), as well as Focus Healthcare LLC (in DE, FLA, GA, and OH).

UGI (UGI) posted 8 cents fourth quarter loss vs. 3 cents loss. It sees $1.55 to $1.60 2006 earnings per share.

Aramark (RMK) posted 49 cents vs. 44 cents fourth quarter earnings per share on a 6% sales rise. It raised its quarterly dividend by 27% to 7 cents and set a $252 million stock buyback.

Helmerich & Payne (HP) posted 68 cents fourth quarter earnings per share vs. 25 cents loss (including items) on a 57% revenue rise. It says the fourth quarter was negatively impacted by lost operating income due to damage from Hurricane Katrina.

Wilsons The Leather Experts (WLSN) posted 30 cents third quarter loss vs. 22 cents loss on 11% lower same-store sales and 13% lower total sales.

Adecco (ADO) posted EUR 0.64 vs. EUR 0.55 third quarter earnings per share on 7% higher sales.

China Techfaith (CNTF) posted 26 cents vs. 11 cents third quarter earnings per american depositary share on a 94% revenue rise. It reaffirmd its 93 cents 2005 EPADS (adjusted) estimate on about $90 million revenue.


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