Markets & Finance

Movers: Intel, Adobe, Build-A-Bear, Winnebago


Plus: Smith & Wesson, Media General, and other stocks making headlines Friday

From Standard & Poor's Equity ResearchIntel (INTC)

Goldman upgrades to buy from neutral.

Adobe Systems (ADBE)

posted 25 cents vs. 20 cents second quarter GAAP EPS on 17% revenue rise... Sees third quarter GAAP EPS of 28 cents-$0.31 on revenue of $760M-$800M... S&P keeps hold.

Coinmach Service (DRA)

To be acquired by Babcock & Brown unit in $1.331B deal... Holders of class A shares (incl. Class A shares underlying units of Income Deposit Securities of the company) and Class B holders to get $13.55 cash per share.

Build-a-Bear (BBW)

Based on its net sales results for 10-week period ended June 9, co. now expects second quarter EPS of 7-10 cents, below previous guidance of 15 cents-$0.19, on a North American same-store sales decline of 7%-9%.

Terremark Worldwide (TMRK)

posted 10 cents Q4 loss vs. 50 cents loss on 61% revenue rise... Sees first quarter revenue of $32.5M-$33.5M, fiscal 2008 revenue of $185M-$190M.

Stratos Intl. (STLW)

posted 4 cents Q4 EPS vs. 9 cents loss on 26% revenue rise.

Winnebago Industries (WGO)

posted 35 cents vs. 40 cents third quarter EPS despite 5.2% revenue rise... Cites increase in mix of lower-margin motor homes in both Class A, Class C categories, as well as escalating materials, labor costs.

Smith & Wesson (SWHC)

posted 12 cents vs. 11 cents Q4 EPS on 59% rise in net product sales... Excluding Thompson/Center, sales grew 22.3%... Raises fiscal 08 sales target to $330M from $320M... Sees fiscal 2008 EPS of about 62 cents.

Media General (MEG) posted 7.8% lower May total revenue (excl. rev. from 4 NBC TV stations acquired 6/26/06)... Notes continued significant weakness in classified advertising... Freezes hiring on most open positions.

Silverleaf Resorts (SVLF)

Raises 2007 EPS outlook to 70 cents-$0.72... Cites higher-than-expected Vacation Interval sales, interest income.

Acacia Research (ACTG)

Co.'s IP Innovation unit in settlement, license deal with Apple (AAPL) covering patents that relate to graphical user interface systems.


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus