Markets & Finance

Intel, Apple, eBay, Ford Post Results


From Standard & Poor's Equity Research

Intel (INTC) posts 15 cents vs. 33 cents second quarter EPS on a 13% revenue decline. It sees third quarter revenue of $8.3 billion to $8.9 billion. It expects fourth quarter revenue to follow normal seasonal patterns.

eBay (EBAY) posts 17 cents vs. 21 cents second quarter (GAAP) EPS as higher operating costs offset a 30% revenue rise. It sees 69 cents to 72 cents 2006 EPS on revenue of $5.7 billion to $5.9 billion. It sets a $2 billion stock buyback.

Ford Motor (F) posts 7 cents second quarter loss (including items) vs. 47 cents EPS on 5.8% lower revenue.

Allstate (ALL) posts $2.00 vs. $1.66 second quarter operating EPS. It raises '$6.00-$6.40 2006 operating EPS guidance to $6.70-$7.00.

Motorola (MOT) posts 54 cents vs. 37 cents second quarter EPS from continuing operations on a 29% sales rise. It sees third quarter sales of $10.9 billion to $11.1 billion, a 20%-23% year over year increase, driven primarily by continuing momentum in the Mobile Devices business.

Nokia (NOK) posts EUR 0.28 vs. EUR 0.18 second quarter EPS on a 22% sales rise. It also sees third quarter industry mobile device volumes up sequentially, although less than the second quarter 2006's sequential increase.

Apple Computer (AAPL) posts 54 cents vs. 37 cents third quarter earnings per share (EPS) on a 24% sales rise. It says it shipped 8.11 million iPod units. It also sees $4.5 billion to $4.6 billion fourth quarter revenue, and 46 cents to 48 cents EPS. S&P reiterated its strong buy opinion and lifted its target price.

Pfizer (PFE) posts 50 cents vs. 45 cents second quarter adjusted EPS on a 2.5% revenue rise. It now estimates that even with sale of its Consumer business, notwithstanding dynamics of its operating environment, it will achieve its $2.00 2006 adjusted EPS forecast.

Rambus (RMBS) says second quarter revenue rose 22% to $48.9 million. It cites new patent licensing revenue from deals announced in the first and second quarter. It notes that due to an ongoing independent investigation of past stock option grants, it cannot finalize second quarter results, other than revenue.

Qualcomm (QCOM) posts 37 cents vs. 33 cents third quarter EPS on a 44% revenue rise. It sees 33 cents to 35 cents fourth quarter EPS on $1.88 billion to $1.98 billion revenue.

Steel Dynamics (STLD) posts $1.78 vs. $1.00 second quarter EPS on a 50% sales rise. It sees $2.05-$2.15 third quarter EPS. Barring unanticipated events affecting the steel marketplace in the fourth quarter, it thinks EPS could approach $7.25-$7.50 for 2006.

Honeywell (HON) posts 63 cents vs. 36 cents second quarter EPS on a 12% revenue rise. Due to strong first half performance, it raises 2006 EPS guidance to $2.48-$2.53 from previous $2.40-$2.50.

D.R.Horton (DHI) posts 93 cents vs. $1.17 third quarter EPS on an 8.6% revenue drop. It notes it has experienced a changing home sales environment since the beginning of the calendar year, which became more evident during its third quarter.

RSA Security (RSAS) posts 4 cents vs. 12 cents second quarter EPS (GAAP) as higher expenses offset a 23% revenue rise. In light of the agreement to be acquired by EMC, it will not provide guidance.

SAP (SAP) posts EUR 1.35 vs. EUR 0.93 second quarter EPS (pro forma) on a 8.9% revenue rise. It sees 2006 pro forma EPS of EUR 5.80-EUR 6.00.

Peabody Energy (BTU) posts 57 cents vs. 36 cents second quarter earnings per share (EPS) amid a 19% revenue rise. It targets 35 cents to 55 cents third quarter EPS and $2.00-$2.43 in 2006.

Fairchild Semiconductor (FCS) posts 23 cents second quarter EPS (adj) vs. 2 cents loss on a 17% sales rise and 1% lower sequential sales. It expects third quarter revenue to be about flat, and gross margins to be flat to up 50 basis points sequentially.

Baxter (BAX) posts 57 cents vs. 49 cents second quarter EPS (adj) from continuing operations on 3% higher worldwide sales (including forex.) It raises 2006 EPS guidance to $2.13-$2.17 (excluding items), and expects to achieve organic sales growth of about 6%.

Novellus Systems (NVLS) posts 42 cents vs. 24 cents second quarter EPS on a 24% sales rise.

ChoicePoint (CPS) posts 44 cents vs. 41 cents second quarter EPS from continuing operations (excluding other charges) despite a 5.9% revenue rise. It sees 6%-8% 2006 revenue growth, including acquisitions.


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