Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Tiffany Falls on Earnings Forecast

Tiffany & Co. (TIF) shares headed lower after the company said it sees 2Q EPS at the low end of previous guidance of $0.22-$0.24, on lower-than-expected sales of "slightly" more than $371 million.

Shares of Retek (RETK) plunged after the company said it sees lower than expected $0.02-$0.04 3Q EPS from operations on total revenue of $52-$54 million, and $0.25-$0.30 2002 EPS. USB Piper downgraded the shares to market perform.

Citrix Systems (CTXS) sees lower than expected $0.06-$0.07 2Q EPS (adj.) on revenue of $116M-$118M. The company sees $0.05-$0.06 GAAP EPS. CS First Boston cuts estimates. S&P reiterates hold.

CIBC World and Wachovia each cut estimates on Allegheny Energy (AYE). Deutsche Bank reportedly downgraded the shares to market perform from buy. On July 8, the company cut 2002 EPS guidance.

IGEN International (IGEN) says it made progress over the July 4 weekend in negotiations with Roche Diagnostics. IGEN says it is committed to reaching a resolution that would enhance shareholder value.

Merrill upgraded Jones New York (JNY) to near term strong buy from buy, and maintains its long term strong buy rating.

Bear Stearns reiterated its buy rating on Ruby Tuesday (RI) and raised its estimate. on July 8, the company posted $0.32 vs. $0.26 4Q EPS.

Baird downgraded JDA Software (JDAS) to market perform from outperform.

Wyeth (WYE) shares fell after the company said the National Institute of Health is discontinuing the combination hormone replacement therapy arm of its Women's Health Initiative Study due to increased risk of invasive breast cancer. Merrill downgraded the shares, while S&P reiterated its neutral opinion.

Hershey Foods (HSY) reaffirmed its expections for 2002 EPS from operations to meet its stated objective of 9%-11% growth; 2Q EPS will be above that range.

Nautica Enterprises (NAUT) posted an in-line $0.02 1Q loss from operations vs. $0.09 EPS on a 6.9% sales decline. It sees $0.28- $0.30 2Q EPS; Nautica reiterated its guidance for a fiscal 2003 revenue increase in the low single digits.

Salomon SB reportedly cut its estimates and price target on Intel (INTC).

Merrill downgraded semiconductor equipment names including Applied Materials (AMAT), KLA-Tencor (KLAC), Lam Research (LRCX), and Novellus (NVLS); the firm also cut its capital expenditure growth estimate.

Tuesday Morning (TUES) sees better than expected $0.11 vs. $0.06 2Q EPS on flat same-store sales, 8.9% total sales rise.

Chico's FAS (CHS) posted 15% higher June same store sales, 42% higher total sales.

AOL Time Warner (AOL) closed two new, long-term revolving credit facilities with $10B in aggregate availability to replace two bank credit facilities maturing later this year, to maintain its strong liquidity position.

J Jill (JILL) sees $0.28-$0.38 2Q EPS on $84M-$86M sales, notes $0.18 consensus.

Pacific Sunwear (PSUN) sees better than expected $0.18 2Q EPS, cites strong sales in June.

Starbucks (SBUX) posted 7% higher June same store sales and 25% higher total sales.

blog comments powered by Disqus