Markets & Finance

MetLife Posts Higher Earnings


From Standard & Poor's Equity Research

MetLife (MET) posted $1.28 vs. $1.17 second quarter operating earnings per share (EPS) on a 4.1% revenue rise.

Verizon Communications (VZ) posted 55 cents vs. 75 cents second quarter EPS as higher expenses offset a 26% revenue rise. It reiterates 2006 guidance for EPS similar to 2005 EPS of $2.56 before special items.

Electronic Data Systems (EDS) posted 20 cents vs. 5 cents second quarter EPS on a 3.9% revenue rise. It raises $20 billion to $20.5 billion 2006 revenue guidance to between $21 billion and $21.5 billion. It also continues to expect pro forma EPS of 83 cents to 93 cents. It sees 15 cents per share in additional cost reduction costs in 2006.

Powerwave Technologies (PWAV) posted lower-than-expected 13 cents vs. 11 cents second quarter EPS (non-GAAP) on a 25% sales rise.

Barr Pharmaceuticals (BRL) received final Food and Drug Administration approval to make and market a generic version of Pfizer's Xanax; the company plans to launch immediately.

Hilton Hotels (HLT) posts 32 cents vs. 27 cents second quarter EPS (recurring) on an 18% rise in revenue from its owned hotels. It sees $1.08 to $1.12 2006 EPS (recurring) on $8.1 billion to $8.13 billion revenue.

Qwest Communications (Q) posted 6 cents second quarter EPS vs. 9 cents loss as lower operating costs offset flat revenue.

Vonage Holdings (VG) posted $1.16 second quarter loss vs. $46.32 loss on sharply higher revenues. It sees $600 million to $615 million 2006 revenue and $360 million to $380 million 2006 marketing expense. It believes it will generate adjusted operating profits as early as the first quarter of 2008.

Whole Foods (WFMI) posted 37 cents vs. 29 cents third quarter EPS on 9.9% higher same-store sales and 20% higher total sales. It still sees fiscal year 2006 total sales up 18% to 21%, and comps up 10% to 12%; it also sees fiscal year 2007 total sales up 15% to 20% and operating income in line with sales growth.

Mine Saftey (MSA) posted 43 cents vs. 52 cents second quarter EPS on slightly lower net sales.

Nautilus (NLS) posted 5 cents vs. 10 cents second quarter EPS (GAAP) as higher operating costs and cost of sales offset a 6.2% sales rise. It sees 16 cents to 24 cents third quarter EPS amid sales of $165 million to $180 million.

Fresh Del Monte (FDP) posted 31 cents second quarter loss vs. 80 cents EPS on a 1.7% sales drop. It notes higher costs related to fuel, raw materials, packaging, labor, and transportation, as well as the impact of lower sales in its other fresh produce and prepared food units.

Coach (COH) posts 31 cents vs. 23 cents fourth quarter EPS on a 23% sales rise.

Eastman Kodak (EK) posted a 98-cent second quarter loss per share vs. a 54-cent loss (GAAP) on a 9% revenue decline. It says it achieved digital profitability two quarters ahead of the 2005 pace. It revises its 2006 digital revenue growth forecast from between 16% to 22% to about 10%.

Texas Roadhouse (TXRH) posts 12 cents vs. 11 cents second quarter EPS on a 27% revenue rise.

Burger King (BKC) posts 7 cents fourth quarter loss vs. 2 cents EPS as higher total operating costs and expenses offset a 6% total revenue rise.

Southwestern Energy (SWN) posts 22 cents vs. 18 cents second quarter EPS on a 16% rise in operating revenues.

PeopleSupport (PSPT) posts 20 cents vs. 12 cents second quarter EPS on 76% higher revenues. It sees 13 cents to 15 cents third quarter EPS on $26.2 million to $27.0 million revenues; it also has 55 cents to 60 cents 2006 EPS on $101 million to $103 million revenues.


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