ConAgra Foods (CAG) sees $0.18-$0.20 Q3 EPS and $0.39-$0.41 Q4 EPA, citing higher energy costs, a slowing economy, and investments in business. Banc of America downgraded to market perform.
Applied Materials (AMAT) sees $0.32-$0.37 Q2 EPS on $1.9 billion-$2 billion in revenues. The company posted $0.66 Q1 EPS. S&P downgraded its recommendation to avoid. Lehman Brothers and Robertson Stephens cut estimates. Earlier, we incorrectly that reported S&P maintained its hold.
JDS Uniphase (JDSU) sees lower than expected $0.17 Q3 EPS on sales at or slightly above $1 billion. S&P maintained its buy of transactions between JDS and the newly acquired SDL.
Coldwater Creek (CWTR) sees $0.04-$0.07 vs. $0.56 Q4 EPS, and cites sales shortfalls in full-price merchandise, and increased promotional activities. ABN Amro downgraded its rating to hold from buy.
Whole Foods (WFMI) posted lower than expected $0.54 vs. $0.50 Q1 EPS on 7.3% higher same store sales. S&P downgraded its ranking to hold from buy.
WellPoint Health (WLP) posted $1.37 vs. $1.20 Q4 EPS from operations on a 24% revenue rise. S&P maintained its buy recommendation.
Clear Channel (CCU) posted 14% higher Q4 EBITDA (pro forma) on 5% higher revenues. S&P maintains its hold.
Sycamore Network (SCMR) posted $0.06 Q2 EPS (pro forma) vs. a $0.01 loss on sharply higher revenues.
Viacom (VIA) posted $1.4B Q4 EBITDA vs. $595 million on a 78% revenue rise The company sees 20% 2001 EBITDA growth.
Koala Corp. (KARE) posted $0.05 vs. $0.21 Q4 EPS as higher cost of goods sold and expenses offset a 63% sales rise. The company says sales were below expectations.
Sycamore Network (SCMR) posted $0.06 2Q EPS (pro forma) vs. a $0.01 loss on sharply higher revenues. CS First Boston reiterated its buy.
JP Morgan upgraded KLA-Tencor (KLAC), Novellus Systems (NVLS), ASM Lithography (ASML), Varian Semiconductor (VSEA) and Applied Materials (AMAT) to long-term buy from market perform.
Neon Communications (NOPT) posted a $0.75 Q4 loss vs. a $0.49 loss as higher selling, general and administrative costs offset an 83% revenue rise. The company says it will continue to experience a negative cash flow as it develops its fiber-optic network.
Conseco (CNC) says a recent Wall Street Journal report describing the last remaining legacy issues facing the "new" Conseco is old news. S&P downgraded the shares to hold from accumulate.
Oakley (OO) posted $0.14 Q4 EPS vs. a $0.04 loss on a 41% revenue rise vs. $0.42 Q4 EPS on a 27% sales rise, citing inefficiencies in supply chain operations. The company plans to close its Utah distribution center and reduce its work force in Massachusetts.
Acterna Corp. (ACTR) posted a $0.10 Q3 loss from continuing operations vs. $0.02 EPS despite sharply higher sales. The company sees Q4 sales 18%-20% higher than last year's.
The McGraw-Hill Cos. (MHP) posted $0.50 vs. $0.49 Q4 EPS on a 5.8% revenue rise. The company sees $0.05-$0.08 vs. $0.29 Q1 EPS, hurt by weak advertising. McGraw-Hill is the parent of Standard & Poor's.
TD Waterhouse (TWE) posted $0.10 vs. $0.15 Q1 EPS on a 9% revenue decline.
ITXC Corp. (ITXC) sees $32 million-$34 million Q1 revenues and a $0.32-$0.35 Q1 cash-basis loss, with the cash-basis loss beginning a downward trend in Q2. The company posted a $0.14 Q4 cash basis loss vs. a $0.24 loss.
Goldman Sachs added Lear Corp. (LEA
) to its recommended list; the company was rated market outperform.
Arrow Electronics (ARW) see Q1 EPS about equal to Q4 EPS, and notes that some orders been cancelled and rescheduled. The company posted $1.09 vs. $0.46 Q4 EPS. S&P maintained its hold ranking, while Tucker Anthony reiterated its strong buy.