Markets & Finance

Dell Postpones Analyst Meeting


Dell (DELL) said yesterday it would move its analyst meeting to September from April, causing concern that the company is struggling with plans to revive sales growth, according to the New York Times.

Martha Stewart Living Omnimedia (MSO) posts 6 cents fourth quarter earnings per share (EPS) vs. 14 cents loss on a 40% revenue rise.

Sprint Nextel (S) posts 33 cents vs. 32 cents fourth quarter adjusted earnings per share (EPS) before amortization on a 63% revenue rise. For the coming year its sees solid wireless growth that is expected to be partially offset by lower contribution from long distance.

Harrah's Entertainment (HET) posts 66 cents vs. 59 cents fourth quarter adjusted EPS from continuing operations on a 76% revenue rise.

OfficeMax (OMX) posts 62 cents fourth quarter loss vs. 2 cents loss on an 8.7% sales drop. It sees 2006 total consolidated sales flat to slightly up from 2005, retail same-store sales growth in the low single-digits, and contract sales in the mid-single digits.

Tyson Foods (TSN) expects its beef segment to generate double the operating loss in the second quarter compared to the first quarter. In the chicken segment, leg quarter prices are currently lower than anticipated. It still sees fiscal year 2006 EPS of 42 cents to 72 cents (GAAP).

Jack In The Box (JBX) posts 70 cents vs. 68 cents first quarter EPS on a 5.5% rise in same-store sales at Jack in the Box company restaurants, as well as an 11% total revenue rise. It raises its $2.50 to $2.54 fiscal year 2006 EPS forecast to between $2.57 and $2.60.

Applebee's (APPB) posts flat February system-wide domestic same-store sales, and domestic franchise restaurants same-store sales. The comps for the company restaurants fell 1.5%, reflecting a decrease in guest traffic.

USI Holdings (USIH) posts lower-than-expected 9 cents fourth quarter EPS vs. breakeven on 23% higher revenue.

American Woodmark (AMWD) posts better-than-expected 37 cents vs. 42 cents third quarter EPS as lower gross profit margin offset a 4% sales rise. It sees 45 cents to 50 cents fourth quarter EPS vs. 44 cents in the year-ago, as well as roughly flat sales.

Click Commerce (CKCM) posts 44 cents vs. 10 cents fourth quarter EPS (non-GAAP) on a sharp revenue rise.

VA Software (LNUX) posts 17 cents fourth quarter EPS vs. a penny loss (GAAP) on 57% higher revenue from continuing operations.

Baidu.com (BIDU) posts 13 cents fourth quarter EPS (excluding share-based compensation) on a sharp revenue rise. It cites continued traffic growth, customer base expansion, and scalability. It also sees $15.5 million to $16.1 million first quarter revenue.

Medtronic (MDT) posts 55 cents vs. 46 cents third quarter EPS (adjusted) on a 9% revenue rise. It says "solid" growth was led by implantable defibrillators and spinal products. It sees $2.20 to $2.32 fiscal year 2006 EPS, $2.50 to $2.55 in fiscal year 2007, and $2.88 to $2.98 in fiscal year 2008.

USEC (USU) posts 34 cents vs. 33 cents fourth quarter EPS despite a 15% revenue decline. It sees 2006 revenue of about $1.75 billion and net income of $70 million to $80 million.

Worldgate Communications (WGAT) and Motorola (MOT) agree to end their video telephony distribution agreement. Worldgate Communications will be responsible for all sales, marketing, and distribution of its video telephony products going forward.

Centurytel (CTL) set a $1 billion stock buyback.

HealthTronics (HTRN) sees lower-than-expected 7 cents to 10 cents fourth quarter EPS. It says medical device sales fell short of estimates.

Dollar Tree Stores (DLTR) posts 81 cents vs. 74 cents fourth quarter EPS on a 9.3% sales rise. Separately, it agrees to buy Supervalu (SVU)'s standalone Deal$ stores for about $30.5 million in cash along with yet-to-be-determined amount of inventory.

Garmin (GRMN) posts 80 cents vs. 44 cents fourth quarter EPS on a 45% revenue rise. It expects overall 2006 revenue to exceed $1.3 billion and EPS to exceed $3.19 (including about 16% effective tax rate and 7 cents impact from implementation of FAS123).

Arrow Electronic (ARW) posts 63 cents vs. 50 cents fourth quarter EPS from operations on an 8.8% sales rise. It sees $3.075 billion to $3.175 billion first quarter sales, and 58 cents to 61 cents EPS (including stock option expense, but excluding any charges).


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