Dell Matches Street Targets
After the close of trading Thursday, Dell Computer (DELL ) posted fourth quarter earnings per share of 23 cents, vs. 17 cents a share -- meeting estimates. The PC maker says it still expects first quarter earnings per share of 23 cents.
After the close of trading Thursday, InVision Technologies (INVN ) posted fourth quarter earnings per share of $2.40, 16 cents better than expected. on a sharp revenue rise. For the first quarter, the maker of bomb detection systems sees earnings per share of at least $1.55.
After the close of trading Thursday, Analog Devices (ADI ) reported first quarter 16 cents earnings per share, vs. six cents. Excluding one-time charges, the chip maker earned 17 cents earnings per share, beating analysts' average estimates by a penny.
After the close of trading Thursday, software maker (Intuit )INTU posted second quarter earnings per share of 61 cents a share -- four cents higher than average estimates. Intuit sees stronger fiscal 2003 earnings per share in a range of $1.38-$1.42.
Applebee's (APPB ) posted 36 cents vs. 23 cents fourth quarter earnings per share on a 14% operating revenue rise, and sees $1.66 to $1.68 2003 earnings per share.
TMP Worldwide (TMPW ) posted a five-cent fourth quarter loss (adjusted) vs. 29 cents earnings per share on 24% lower total commisions and fees. S&P reiterates hold. Deutsche Bank downgraded to hold from buy.
ExpressJet (XJT ) amended its capacity purchase deal with Continental and its purchase deal with Embraer-Empresa Brasil, to slow the pace of regional jet deliveries. ExpressJet sees 2003 earnings per share of two cents to four cents less than the original schedule, and 2004 16 cents to 18 cents lower. Raymond James downgraded ExpressJet.
Whole Foods Market (WFMI ) posted 42 cents (including a charge) vs. 34 cents first quarter earnings per share on an 18% sales increase, and sees $1.62 to $1.69 fiscal 2003 earnings per share, and 15% to 20% sales growth.
J Jill Group (JILL ) posted 30 cents (including a charge) vs. 37 cents fourth quarter earnings per share on an 18% net sales increase. The retailer sees 10% 2003 earnings per share growth, and 20% sales growth.
Panera Bread (PNRA ) posted 2% higher January system-wide comparison bakery-cafe sales, and reiterates the 99 cents 2003 earnings per share guidance. Adams Harkness downgraded to buy from strong buy.
Barclays (BCS ) says Cordiant announced it has been informed that Barclay's no longer has a "notifiable interest" in Cordiant's issued share capital.
Electronic billing services company Concord (CE ) realigned its senior management team, and expects about 18 cents fourth quarter earnings per share. S&P reiterates accumulate.
Campbell Soup (CPB ) posted 56 cents vs. 53 cents second quarter earnings per share on a 6% sales rise, and sees 25 cents to 27 cents third quarter earnings pers share, and maintains $1.47 fiscal 2003 earnings per share guidance.
American International Group (AIG ) posted 20 cents vs. 77 cents fourth quarter earnings per share (adjusted). Including charges related to loss adjustment reserves, losses for the period were three cents a share. The insurance giant expects $3.78 to $3.92 2003 earnings per share (excluding realized capital gains and losses).
Bally Total Fitness (BFT ) posted 33 cents vs. 54 cents fourth quarter earnings per share (excluding charges) as higher operating costs offset a 12% net revenue rise. Merrill reportedly downgraded to neutral.
Brocade Communications (BRCD ) posted a three-cent first quarter loss vs. five cents earnings per share (GAAP) on flat revenue growth. The data storage networking company posted breakeven vs. five cents first quarter earnings per share (excluding a charge), meeting estimates.
Office Depot (ODP ) posted 20 cents vs. 13 cents fourth quarter earnings per share on 2% higher total company sales. The company is cautious about 2003, and now projects 2003 earnings of $1.03 to $1.08 a share, below analyst forecasts of $1.13.
PacifiCare Health (PHSY ) posted $1.00 fourth quarter earnings per share vs. a 77-cent loss (on a as reported basis, including charges and accounting changes) despite 5% lower revenues. PacifiCare reaffirmed the $4.25 to $4.35 2003 guidance.
Medtronic (MDT ) posted 35 cents vs. 30 cents third quarter earnings per share on 20% higher sales.
Fox Entertainment (FOX ) posted 32 cents vs. 10 cents (excluding extraordinary gains) second quarter earnings per share on a 15% revenue increase.