Dell Climbs

Pixar jumps, Kohl's gets a downgrade, and more of Friday's stocks in the news

PC maker Dell (DELL ) announced third-quarter earnings of 33 cents, vs. 26 cents a share a year ago, meeting the consensus estimate. Revenue rose 18%. Dell sees third-quarter EPS of 36 cents on revenue of $13.5 billion. CIBC World upgraded the stock to sector outperform from sector perform. S&P maintained a hold ranking.

Pixar (PIXR ) posted impressive third-quarter earnings Friday, showing 38 cents per share, vs. 23 cents last year, and beating Wall Street estimates by 14 cents a share. Thomas Weisel raised estimates, while S&P maintained a buy ranking.

Kohl's (KSS ) announced third-quarter earnings of 42 cents per share, vs. 35 cents last year, in line with analyst estimates. The retailer says same-store sales rose 1.2%, and gross margins increased to 35.9% from 34.1%. Deutsche Bank downgraded to hold from buy.

Agilent Technologies (A ) posted 30 cents, vs. 15 cents, fourth-quarter earnings per share on a 9% revenue rise. The company sees first-quarter earnings per share of 14 cents to 21 cents on revenue of $1.6 billion to $1.7 billion. S&P reiterates its hold rating. Banc of America downgrades to sell from buy.

Hormel Foods (HRL ) raised its fourth-quarter guidance Friday, citing a better-than-expected turkey market.

Charles Schwab (SCH ) reported client daily average revenue trades in October were down 1% from October, 2003, and up 16% from September, 2004. It says net new assets brought to the company by new and current clients last month totaled $3.9 billion.

Delta Air Lines (DAL ) said Delta pilots ratified a new contract to deliver $1 billion in long-term and annual savings to the co. The deal includes large paycuts, as well as changes to pension, other benefits, and work rules.

Payless Shoesource (PSS ) posted third-quarter earnings per share of 10 cents (including item), vs. a 3-cents loss a year ago, as lower selling, general, and administrative costs offset 2.1% lower same-store sales.

BEA Systems (BEAS ) posted third-quarter earnings per share of 8 cents, vs. 7 cents a year ago (GAAP basis), on a 5% revenue rise. S&P reiteratd a hold ranking.

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