Bausch & Lomb sees lower sales in 2006; Allstate reports higher net; plus more stocks in the news Wednesday
From Standard & Poor's Equity ResearchBoeing (BA) posted $1.29 vs. 58 cents fourth quarter EPS (reported) on a 26% revenue rise. The company raised its 2007 EPS guidance to $4.55 to $4.75 and sets 2008 guidance at $5.55 to $5.75.
Bausch & Lomb (BOL) sees lower-than-expected 2006 sales of about $2.295 billion. The company cites slower-than-expected recovery of contact lens and lens care business in Asia, and slower-than-expected growth in the U.S. contact lens market.
Allstate (ALL) posted $1.93 vs. $1.59 fourth quarter earnings per share (EPS) on an estimated 1.8% revenue rise. The company will no longer provide guidance on operating EPS.
PepsiAmericas (PAS) posted 20 cents vs. 29 cents fourth quarter EPS as special and impairment charges offset a 11% worldwide net sales rise. Sees $1.33 to $1.37 2007 EPS (including charges).
Sandisk (SNDK) posted 87 cents vs. 68 cents fourth quarter non-GAAP EPS on a 55% revenue rise. Sees seasonally lower retail sales in the first quarter and a decline in margins.
New York Times (NYT) posted 61 cents vs. 43 cents fourth quarter EPS on a 4.3% revenue rise.
Time Warner (TWX) posted 44 cents vs. 28 cents fourth quarter EPS on an 8.2% revenue rise. The company sees $1.00 2007 EPS before discontinued operations and the cumulative effect of accounting changes, which includes about 10 cents from after-tax gain.
Eli Lilly (LLY) posted 85 cents vs. 80 cents fourth quarter adjusted EPS on a 9.4% sales rise. The company sees 77 cents to 79 cents first quarter adjusted EPS and $3.25 to $3.35 in 2007.
Juniper Networks (JNPR) Posts fourth quarter net revenue of $595.8 million, up 4% from the fourth quarter 2005.
US Airways Group (LCC) Withdraws offer to merge with Delta Air Lines. Says it was notified that Official Unsecured Creditors' Committee would not meet its demands by the established deadline of Feb. 1, 2007.
U.S. Concrete (RMIX) Sees $0.07 to $0.08 fourth quarter EPS, which excludes $26.8 million, or $0.70 per share, after-tax non-cash charge, associated with SFAS No. 142. Expects fourth quarter revenue to be slightly higher than previously expected.