Earthlink Posts a Narrower Loss

Vitesse reports a loss; Expedia's profit beats estimates; plus more of today's stocks to watch

Earthlink (ELNK ) posts a third quarter loss per share of $0.17, versus a $0.33 loss a year ago, on a 28% revenue rise. S&P maintains its hold rating on the Internet service provider, while Goldman downgrades to market outperform from trading buy.

Vitesse Seminconductor (VTSS ) posts a fourth quarter loss per share of $0.14, versus earnings per share of $0.21 (pro forma) a year ago. Revenue tumbled 73% from a year ago to $37.2 million. Prudential reiterated its buy on the semiconductor company, while S&P and Robertson Stephens cut estimates.

Expedia Inc. (EXPE ) posts $0.24 first quarter earnings per share, versus $0.04 loss from operations a year ago, on 89% revenue (net of cancellations) rise. The online travel company sees fiscal year 2002 revenues of about $310 million, which is lower than previously expected. Prudential raised its price target on the stock and reiterates buy. S&P maintains hold.

Everest Re Group (RE ) posts $0.80 third quarter loss from operations, versus $1.03 earnings per share in the year ago period, despite a 14% revenue rise. The reinsurance company cites losses tied to the September 11 terrorist attacks. Morgan Stanley downgrades the stock to neutral from outperform.

American Express (AXP ) posts third quarter earnings per share of $0.22, versus $0.54 a year ago. The financial services company's current quarter results include effects from restructuring and the September 11 attacks. S&P says that it would not add the stock to positions until the business climate improves.

Polo Ralph Lauren (RL ) cuts second quarter earnings per share guidance to $0.50-$0.54 from $0.54-$0.58. The upscale retailer estimates $1.65-$1.75 fiscal year 2002 earnings per share on 2%-3% higher total sales. Lehman and Goldman cut estimates.

Liberty Media (LMC.A ) was lowered by Goldman Sach to market outperform from recommended list along with USA Networks (USAI ).

Cisco Systems (CSCO ): Salomon Smith Barney raises estimates and price target and reiterates buy on the stock.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE