Pfizer gives more than $180 million retirement package to former CEO; plus more stocks in the news Friday
From Standard & Poor's Equity ResearchResearch In Motion (RIMM) Posts $0.93 third quarter GAAP earnings per share (EPS) on a 49% revenue rise. Results are preliminary pending restatement related to charges for past option grants. Had about 7 million BlackBerry subs at the quarter end. Sees $900 million to $940 million fourth quarter revenue and $0.92 to $0.99 GAAP EPS.
Pfizer, Inc (PFE) According to an 8-K filed by Pfizer, the former CEO Henry McKinnell's retirement package totals more than $180 million, which could grow to almost $200 million contingent on Pfizer's stock performance. Mr. McKinnell resigned as CEO in July.
Qualcomm Inc (QCOM) Sees first quarter pro forma revenue at the high end of $1.98 billion to $2.08 billion guidance, due to more shipments of Mobile Station Modem than expected, but trims its EPS view to $0.41 to $0.42 on legal costs.
Allergan, Inc (AGN) Gets an approval letter from the Food and Drug Administration for Combigan for reduction of elevated intraocular pressure in patients w/glaucoma or ocular hypertension who require adjunctive or replacement therapy.
Red Hat Inc (RHT) Posts $0.14 vs. $0.11 third quarter adjusted EPS on a 45% revenue rise.
Wet Seal (WTSLA) Prices a secondary offering of 16 million Wet Seal shares at $6.00 per share.
Shuffle Master (SHFL) Posts $0.14 vs. $0.23 fourth quarter GAAP EPS from continuing operations despite a 39% revenue rise.
Micron Technology (MU) Posts $0.25 vs. $0.09 first quarter EPS on a 14% sales rise. Expects fiscal year 2007 capital expenditures to be approximately $4 billion, of which about $1.5 billion is expected to be funded by capital contributions from joint ventures.