From Standard & Poor's Equity ResearchBoeing (BA
) posts 21 cents second quarter loss (including items) vs. 70 cents EPS despite a 2% revenue rise. It cuts its 2006 EPS estiamte to $2.40-$2.55, but ups its 2007 EPS and revenue outlook.
) agrees to acquire Mercury Interactive ((MERQ.PK
)) for $52.00 per share cash, or an enterprise value of approximately $4.5 billion, which is net of existing cash and debt.
) posts 5 cents vs. 12 cents second quarter earnings per share (EPS) as higher operating costs offset a 22% sales rise. It expects third quarter revenue to grow 17%-25% vs. a year-ago.
Choice Hotels (CHH
) posted lower-than-expected 36 cents vs. 32 cents second quarter EPS on a 15% revenue rise. Te company sees 46 cents third-quarter EPS, and $1.45 for all of 2006; it also set a 5.1 million share buyback. S&P keeps hold. Bear Stearns cuts to underperform from peer perform.
General Motors (GM
) posts $5.62 second quarter loss vs. $1.75 loss (including items) on a 12% revenue rise. It raises its 2006 structural cost saving target to $9 billion.
) posts 12% higher second quarter pretax profit on a 10% rise in pharmaceutical sales. It raises its 2006 EPS growth outlook to about 12%.
Sun Microsystems (SUNW
) posts 9 cents fourth quarter loss vs. a penny EPS (GAAP) despite a 29% revenue rise.
) posts $1.35 vs. $1.14 second quarter operating EPS on a 35% rise in underwriting income. It raises 2006 operating EPS guidance to $4.90-$5.10.
Stanley Works (SWK
) posts 90 cents vs. 77 cents second quarter EPS from continuing operations on a 3% organic sales rise. It sees third quarter organic sales growth of about 4%-6% and EPS at $1.03-$1.07 (including items).
Martha Stewart (MSO
) posts a penny second quarter loss from continuing operations vs. 65 cents loss on a 47% revenue rise. It sees $55 million to $57 million revenue, approves a special one times dividend of 50 cents, and names Howard Hochhauser CFO.
) posts 14 cents vs. 10 cents first quarter EPS on a 5% sales rise. It sees 19 cents to 21 cents second quarter EPS on revenue of $4.7 billion to $4.9 billion and fiscal year 2007 EPS of 80 cents on revenue of $19 billion.
Monster Worldwide (MNST
) posts 31 cents second quarter EPS from continuing operations on a 36% revenue rise. It sees 32 cents to 33 cents third quarter EPS from continuing operations and $1.26-$1.30 in 2006.
RF Micro Devices (RFMD
) posts 7 cents first quarter EPS vs. a penny loss (GAAP) on a 50% revenue rise. It sees 8 cents to 9 cents second quarter EPS on revenue of $240 million to $250 million.
) posts 24 cents vs. 21 cents first quarter GAAP EPS (including stock expense) on a 19% revenue rise and 2% sequential revenue rise. It expects second quarter revenue to be flat to down 5% sequentially.
) posts 2 cents vs. 7 cents third quarter GAAP EPS on a 12% revenue drop; revenue fell 4% sequentially. It cites an impending shift in spending as North American customers begin to move to next-generation mobile high-speed data solutions.
Foundry Networks (FDRY
) posts second quarter revenue of $108.4 million and a 4.9% sequential decline. Because of a previously announced special committee's investigation of its issuance of stock option grants, it does not include EPS in today's announcement.
BE Aerospace (BEAV
) posts 24 cents vs. 14 cents second quarter EPS on a 31% sales rise. It raises 2006 EPS guidance by 2 cents to $1.19, exclusive of debt prepayment charge.