Staples Says Results Are on Track

Agilent posts a loss and sets layoffs; American Eagle sees profit growth below Street forecast; plus more of today's stocks in the news

Agilent Technologies (A ) posted a $0.24 Q3 loss per share from operations on a 23% revenue decline. The company said Q3 cancellations were higher than expected. Agilent will cut its workforce by 9%. It sees a $0.50-$0.70 Q4 loss from operations on $1.3B-$1.5B in revenue.

American Eagle Outfitters (AEOS ) posted $0.21 vs. $0.04 Q2 EPS on 4.6% higher same-store sales. Management guided August comparable-store sales comparisons to flat to slightly up, and expects 10%-15% Q3 EPS growth, below the Street consensus estimate of 20% growth. Robertson Stephens cut its estimates on American Eagle.

Hain Celestial (HAIN ) sees $0.07-$0.12 Q4 EPS as higher market expenditures and increased production costs for its Terra brand offset an expected 13% revenue rise.

Emmis Communications (EMMS ) sees $0.45-$0.46 Q2 after-tax cash flow on 4%-6% lower radio net revenue (pro forma). The company cites general softness in the U.S. economy. Emmis said it is actively exploring the taxable spin-off of its Television Division.

Medtronic Inc. (MDT ) posted $0.28 vs. $0.24 Q1 EPS from operations on a 14% revenue rise.

Staples Inc. (SPLS ) posted $0.09 vs. $0.10 Q2 EPS on flat same-store sales. The company's outlook remains in line with analysts' expectations of $0.65-$0.70 fiscal 2002 EPS.

Key Energy (KEG ) posted $0.25 Q4 EPS vs. a $0.01 loss on a 47% revenue rise. The company believes oil and natural gas prices will remain at levels that will provide solid economic returns for producers.

Cuno Inc. (CUNO ) posted $0.34 vs. $0.30 Q3 EPS on slightly higher worldwide sales. Cuno expects continued strong performance in Q4.

The FDA approved Mylan Labs' (MYL ) Abbreviated New Drug Applications for Oxaprozin tablets.

Medcath Corp. (MDTH ) posted 70% higher Q3 EBITDA on a 6.6% revenue rise. The company sees $12.4M Q4 EBITDA on revenue on $86.4M.

Parkway Properties (PKY ) sees $4.22-$4.30 2001 funds from operations from continuing operations vs. the Street consensus estimate of $4.36. The company noted timing differences in tenant move-in assumptions, timing of investments, timing of certain expense pass-through items.

Immunex Corp. (IMNX ) announced positive preliminary results from its first clinical study of Enbrel in psoriasis.

THQ Inc. (THQI ) filed to offer 2.5 million shares.

AAON Inc. (AAON ) set a 3-for-2 stock split.

Patterson Dental (PDCO ) will be added to the S&P MidCap 400 Index after the close of trading Aug. 22, replacing Minimed Inc., which is being acquired.

Triumph Group (TGI ) will be added to the S&P SmallCap 600 Index after the close of trading Aug. 22, replacing Patterson Dental.

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