Markets & Finance

Research In Motion Posts Lower Profit


Chicago Mercantile Exchange Holdings (CME) was seen higher after Thursday's announcement by NYMEX Holdings and the Chicago Mercantile Exchange of a technology services deal under which CME will become an exclusive electronic trading services provider for NYMEX's energy futures and options contracts.

Ford Motor (F) says Jim Padilla will retire as its President and COO, effective July 1.

Research In Motion Limited (RIMM) posts 65 cents vs. 74 cents fourth quarter earnings per share (EPS) (non-Generally Accepted Accounting Principles) as higher expenses offset a 39% revenue rise. It sees $580 million to $610 million first quarter revenue, about 675,000 subscriber account additions, and 62 cents to 67 cents (non-GAAP) EPS.

Starbucks (SBUX) posts 10% higher March same-store sales and 24% higher consolidated net revenue. It says same-store sales growth at this level is not sustainable. The coffee shop operator remains comfortable with its 3% to 7% target range for the rest of fiscal year 2006.

Skywest (SKYW) sees 56 cents to 62 cents first quarter EPS. It cites the failure to reach anticipated operating objectives and start-up costs associated with the delivery of ten CRJ700 jets placed into service. It also notes the negative impact of the higher stock price on stock option plans.

Constellation Brands (STZ) posts 24 cents vs. 20 cents fourth quarter EPS on a 1% net sales rise (and a 4% rise on constant currency.) It sees 25 cents to 28 cents first quarter EPS and $1.57 to $1.65 fiscal year 2007 EPS.

Sinopec Shanghai Petrochemical Company (SHI) says that in light of high crude oil prices and stagnant selling prices for downstream oil products, it sees first quarter net loss as result of significant losses from its refinery businesses.

The Allied Defense Group (ADG) receives a letter from the American Stock Exchange stating that the company is not in compliance with AMEX rules regarding the timely filing of its annual report on Form 10-K.

Orchid Cellmark (ORCH) is to restate second quarter financial statements for a non-cash, non-operating income event that occurred in the second quarter. Also, it received notice from the Nasdaq on Apr 3 indicating it is not in compliance with filing requirements for continued listing.

Extreme Networks (EXTR) cuts $90 million to $95 million third quarter net revenue guidance to $84 million to $85 million; it now sees a penny earnings per share (EPS) to a penny loss (GAAP). It says weakness in the U.S. and Japan offset revenue growth in European markets.

Webmethods (WEBM) sees fourth quarter earnings per share (EPS) (Generally Accepted Accounting Principles) of 11 cents to 14 cents on better-than-expected revenue of $57 million to $59 million.

Internet Security Systems (ISSX) sees 20 cents first quarter EPS (non-GAAP) on revenue of about $80 million. It notes that the low-end of previous guidance was $82 million revenue.

Oralabs Holdings (OLAB) is to acquire all outstanding shares of Partner Success Holdings in exchange for 94% of outstanding Oralabs shares. They will be calculated after giving effect to redemption, issuance of shares to non-employee directors, and exercise of options.


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