Markets & Finance

Sherwin-Williams Falls on Court Verdict


Sherwin-Williams (SHW) shares moved lower Thursday after the company was found liable in a Rhode Island lead paint case. S&P downgraded the shares to hold from buy. FTN Midwest downgraded the shares to neutral from buy. Credit Suisse suspended its rating.

Viacom (VIA.B) posts 37 cents vs. 42 cents fourth quarter earnings per share (EPS) from continuing operations (excluding items) despite a 9% revenue rise. It sees double-digit 2006 revenue growth, and $1.95 to $2 EPS from continuing operations.

Earthlink (ELNK) expects subscriber decreases in the second and third quarter as well as growth in the fourth quarter. It also estimates about 5.3 million subsriptions by year-end 2006, about level with 2005. It sees $310 million to $315 million first quarter revenue and 2006 revenue of about $1.3 billion.

Host Marriott (HMT) posts 19 cents vs. 15 cents fourth quarter EPS on a 9.7% revenue rise. It sees 99 cents to $1.01 first quarter EPS and $1.44 to $1.54 in 2006.

Checkpoint Systems (CKP) postpones its fourth quarter 2005 EPS release from Feb. 23 to Mar. 2 to provide additional time for management, which must review appropriate accounting treatment of certain non-recurring tax items. Independent accountants still have to complete their audit of the firm.

Toll Brothers (TOL) posts 98 cents vs. 66 cents fourth quarter EPS on a 35% revenue rise.

Pattersoncos (PDCO) posts 39 cents vs. 36 cents third quarter EPS on a 7% sales rise. It sees 40 cents to 42 cents fourth quarter EPS and cuts its $1.44 to $1.46 fiscal year 2006 EPS forecast to between $1.42 to $1.44.

Community Health Systems (CYH) posts 54 cents vs. 46 cents fourth quarter EPS from continuing operaitons on a 17% revenue rise. It sees 55 cents to 57 cents first quarter EPS from continuing operations. It plans to buy two hospitals from Baptist Health System in Alabama.

Marvel Entertainment (MVL) posts 26 cents vs. 27 cents fourth quarter EPS as higher costs, expenses, and a charge offset a 17% sales rise. It raises 37 cents to 52 cents 2006 EPS on $270 million to $300 million revenue guidance to 44 cents to 55 cents EPS on $320 million to $350 million.

Chiquita Brands (CQB) posts 45 cents fourth quarter loss vs. 61 cents EPS as higher operating costs, including $23 million of costs from flooding in Honduras and consolidation of fresh-cut fruit facilities, offset a 30% sales rise.

JLG Industries (JLG) posts 52 cents vs. 17 cents second quarter EPS on a 40% sales rise. It projects fiscal year 2006 revenue growth will be at the upper end of the previously announced 20% to 25% range; it raises $2.15 to $2.25 EPS estimates to $2.35 to $2.45.

Group 1 Automotive (GPI) posts 66 cents vs. 47 cents fourth quarter EPS as improved gross margin offset a 1.1% revenue drop. It sees $3.15 to $3.45 2006 EPS. It also sets a 13 cents quarterly dividend.

Novatel Wireless (NVTL) posts breakeven fourth quarter vs. 17 cents EPS (GAAP) despite a 46% revenue rise.

Oneok (OKE) posts $2.30 vs. 90 cents fourth quarter EPS on an 85% revenue rise.

Pharmion (PHRM) posts lower-than-expected 15 cents vs. 8 cents fourth quarter EPS (pro forma) on a 9.6% revenue rise. It sees 2006 sales in line with 2005 and says that on April 1, COO Judith Hemberger will retire.

Symbol Technologies (SBL) posts 9 cents vs. 11 cents fourth quarter EPS on a 2.6% revenue decline. It sees 8 cents to 9 cents first quarter EPS, including legal expenses, on sequentially flat revenue.

Amedisys (AMED) posts weaker-than-expected 45 cents vs. 39 cents fourth quarter EPS on an 85% rise in net service revenue. It maintains $2.33 to $2.43 2006 EPS guidance. Chief Financial Officer Gregory Browne resigns.

Limited Brands (LTD) posts $1.28 vs. 87 cents fourth quarter EPS (including items) on 3% higher same-store sales and 6% higher net sales. It sees roughly flat first quarter earnings vs. a year ago and $1.40 to $1.50 fiscal year 2007.

Kos Pharmaceutic (KOSP) posts 53 cents vs. $1.15 fourth quarter EPS as one-time items, higher costs, and expenses offset a 42% revenue rise. It sees reduced operating margins in 2006. It also sees 5 cents to 10 cents first quarter GAAP loss and $1.70 to $1.80 in 2006 reported EPS.

Express Scripts (ESRX) posted 75 cents vs. 53 cents fourth quarter EPS on an 18% revenue rise. It sees $3.10 to $3.22 2006 EPS, including stock options.


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