P&G, Colgate post stronger profits; Merck has weaker earnings; plus more stocks in the news Tuesday
From Standard & Poor's Equity ResearchColgate-Palmolive (CL) posted 73 cents vs. 65 cents fourth quarter EPS (including items) on 11% higher sales. says its "excellent top and bottom line trends" should continue through 2007.
Procter & Gamble (PG) posted 84 cents vs. 72 cents second quarter EPS on 7.6% higher sales. Sees total third quarter sales up 7% to 9% and EPS at 72 cents to 74 cents.
Motorola (MOT) confirms receipt of a notice from certain Carl Icahn entities for nomination of Carl Icahn to the company's Board of Directors at its 2007 annual meeting.
Merck (MRK) posted 22 cents vs. 51 cents fourth quarter reported earnings per share (EPS) as various charges, higher costs & expenses offset a 4.8% sales rise. Reaffirms 2007 guidance of $2.51 to $2.59 EPS (excluding restructuring charges) and $2.36 to $2.49 reported EPS.
CNET Networks (CNET) posted better-than-expected 4 cents vs. 13 cents fourth quarter EPS as lower profit margin and stock comp expense offset a 14% revenue rise. The company sees first quarter revenue of $90 million to $94 million and 3 cents to 6 cents loss, including option expense. It also filed its 2005 10-Q.
Pier 1 Imports (PIR) Chairman and CEO Marvin Girouard will retire on Feb. 19; Pier 1 names Alex Smith CEO, Pres. and Director.
3M (MMM) posted $1.57 vs. 97 cents fourth quarter EPS (including various items) on 8.6% higher worldwide sales. The company sees $5.20 to $5.45 2007 EPS (including various items).
Newell Rubbermaid (NWL) posted 38 cents vs. 41 cents fourth quarter EPS from continuing operations despite a 3.5% sales rise. The company sees 12 cents to 14 cents first quarter EPS from continuing operations and $1.35 to $1.41 in 2007.
U.S. Steel (X) Posts $2.50 vs. $0.85 fourth quarter EPS on an 8.8% sales rise. Expects first quarter results to decline from the fourth quarter.