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General Motors (GM
) shares moved higher Thursday. S&P ties the rise to and unconfirmed Wall Strett Journal report suggesting GM, bankrupt parts supplier Delphi, and the UAW re close to reaching an agreement to settle their differences. S&P reiterates its sell recommendation on GM.
) raised its third quarter earnings per share (EPS) (GAAP) guidance to between $1.56 and $1.60 and its revenue guidance to between 5% and 8% growth. It cites strong TurboTax sales, especially TurboTax Online, as the tax season is turning out better than anticipated.
Johnson & Johnson (JNJ
) sets a $5 billion stock buyback.
Sharper Image (SHRP
) Knightspoint Group says it beneficially owns about 12.8% of outstanding Sharper Image shares; it delivered a written notice to Sharper Image of its intent to nominate seven directors to replace the existing Board.
) expects to delay its filing of its 2005 10-K with the Securities and Exchange Commission while internal investigations initiated by its audit committee, as well as a review of related audit procedures by its auditor are completed.
) posts 23 cents fourth quarter loss vs. 42 cents loss on slightly higher revenue. It says total subscribers as of Jan. 31 2006 were about 4.4 million, while year over year growth was 45%. It sees first quarter service & technology revenue of $48 million to $50 million, and net loss of $19 million to $22 million.
) posts 29 cents vs. 19 cents fourth quarter EPS on a 3.8% revenue rise. It is to explore alternatives to enhance shareholder value, including, but not limited to, the sale or merger of business. It hires Allen & Co. as well as UBS Investment Bank as advisors.
OM Group (OMG
) posts 40 cents vs. $1.15 fourth quarter EPS on a 22% sales drop. It will no longer give full year guidance... Buys Plaschem Specialty Prod... S&P upgrades to hold from sell... See Pg. 4
) posts 42 cents vs. 40 cents fourth quarter EPS (non-GAAP) on a sharp revenue rise. It sees $1.44 to $1.58 non-GAAP 2006 EPS, including stock option expense.
) posts 17 cents vs. 9 cents fourth quarter EPS (adj) as lower operating expenses offset 11% lower revenue.
) starts patent litigation in the U.S. against IVAX Corp. and its parent company Teva Pharmaceutical, accusing them of willfully infringing on AstraZeneca's patents protecting the anti-ulcer pill Nexium.
Wind River Systems (WIND
) posts 11 cents vs. 7 cents fourth quarter EPS on an 11% revenue rise. It sees 2 cents to 3 cents first quarter EPS on $65 million to $67 million revenue (vs. the fourth quarter's $70.2 million), and 34 cents to 39 cents fiscal year 2007 EPS on $290 million to $300 million revenue.
Comtech Telecommunications (CMTL
) posts 50 cents vs. 39 cents second quarter EPS (GAAP) on a 23% revenue rise. It appoints EVP Robert G. Rouse to the newly-created position of Chief Operating Officer, and Michael D. Porcelain, formerly Comtech Telecommunications's VP of Finance, as Chief Financial Officer.
Hansen Natural (HANS
) posts 75 cents vs. 31 cents fourth quarter EPS on a 95% net sales rise. It cites a substantial increase in sales volumes of Monster Energy drinks.
) posts 80 cents fourth quarter EPS vs. breakeven on a 19% revenue rise. It notes fourth quarter 2005 EPS includes non-cash, non-recurring tax benefits of 76 cents. It also sees $50 million to $52 million first quarter revenue and operating expenses, excluding patent arbitration costs, in line with fourth quarter 2005.
Biogen Idec (BIIB
) Late Wednesday the Food and Drug Administration voted unanimously to recommend reintroduction of Tysabri as a treatment for relapsing forms of multiple sclerosis.
Claire's Stores (CLE
) posts 69 cents vs. 56 cents fourth quarter EPS on a 6% same-store sales rise and 4.8% total sales rise. It sees 30 cents to 32 cents first quarter EPS and $1.96 to $2.01 in fiscal year 2007.
OM Group (OMG
) posts 40 cents vs. $1.15 fourth quarter EPS on a 22% sales drop. It will no longer give full year guidance.
Casey's General Stores (CASY
) posts 14 cents vs. 15 cents third quarter EPS from continuing operations as higher total costs offset a 23% total revenue rise.
Fleetwood Enterprises (FLE
) posts 2 cents third quarter EPS vs. 99 cents loss on a 15% revenue rise. It says that due to soft markets for both motor homes and manufactured housing, it does not believe the fourth quarter results will change significantly from the third quarter.
) posts 28 cents vs. 23 cents fourth quarter adjusted EPS (pro forma) on a 4.3% sales rise. It sees 2006 sales of $1.33 billion to $1.38 billion, GAAP EPS of 73 cents to 76 cents, and adjusted EPS of 82 cents to 86 cents.