Kindred Healthcare Climbs

WMS Industries soars; Inspire Pharmaceuticals climbs; plus more of today's stocks in the news

Kindred Healthcare (KIND ) posted a $2.49 second-quarter loss vs. $1.21 earnings per share despite a 4.1% revenue rise. Kindred notes it increased liquidity, increasing cash levels to $170 million at the end of the second quarter from $100 million at the end of the first quarter.

Computer Sciences (CSC ) posted 49 cents vs. 46 cents fourth-quarter earnings per share on a 29% revenue rise. Goldman downgraded to in-line from outperform. S&P maintains accumulate.

Gaming-machine maker WMS Industries (WMS ) posted a 17-cent fourth-quarter loss (including charges) vs. 2 cents earnings per share on an 18% revenue rise, and expects steady improvement in financial results through fiscal 2004.

Inspire Pharmaceuticals (ISPH ) announced encouraging results from its Phase IIIb study of diquafosol for the treatment of dry eye.

Toll Brothers (TOL ) announced the sale of three million shares to Citigroup Global Markets for about $87 million; it granted Citigroup a 30-day option to buy up to an additional 300,000 shares.

Prudential upgraded Gentex (GNTX ) to buy from hold.

Michael Bechtol resigned as president and CEO of Catalina Marketing (POS ).

Wal-Mart (WMT ) posted 52 cents vs. 45 cents second-quarter earnings per share from continuing operations on a 3.2% total company same-store sales rise, and an 11% total sales rise. Wal-Mart reportedly sees 45 cents to 47 cents third-quarter earnings per share.

News Corp. (NWS ) posted 24 cents vs. 8 cents fourth-quarter earnings per American Depositary Receipt on a 20% revenue rise.

Circuit City (CC ) posted 8% lower same-store sales in the first two months of the second quarter. The consumer electronics chain will sell the bankcard portion of its finance operations, and anticipates a 96 cents per share after-tax charge.

Applied Material (AMAT ) posted a 2-cent third-quarter loss vs. 7 cents earnings per share on a 25% revenue drop. The chipmaker notes a $164 million pre-tax realignment charge, or 7 cents per share, resulted in a third-quarter net loss. S&P reiterates accumulate.

Medtronic (MDT ) posted 37 cents vs. 31 cents first-quarter earnings per share on a 20% revenue rise.

Late Tuesday Gillette (G ) announced it filed a patent infringement suit against Energizer, charging that Energizer's new Schick Quattro razor violates Gillette's Mach3 shaving system technology patent.

Georgia Gulf (GGC ) says third-quarter results will be lower by about $3 million after taxes, or 9 cents a share, due to an unscheduled outage at its vinyl chloride monomer plant in Plaquemine, La.

Abercrombie & Fitch (ANF ) posted 35 cents vs 31 cents second-quarter earnings per share despite an 8% same-store sales drop, and an 8.1% total sales rise. A&F says if second-quarter sales trend continues, it sees flat-to-slightly-higher third-quarter earnings per share. CS First Boston downgraded to neutral from outperform.

Maxim Integrated (MXIM ) posted 24 cents vs. 20 cents fourth-quarter earnings per share on a 5.3% revenue rise, and raised the quarterly dividend 100%.

Fox Entertainment (FOX ) posted 29 cents vs. 5 cents fourth-quarter earnings per share on a 15% revenue rise.

Six Flags (PKS ) posted 16% lower second-quarter EBITDA on flat sales. It sees 2003 revenue down 1.3% from 2002 on 1.75%-3% lower attendance at its amusement parks.

ImClone Systems (IMCL ) posted a 47-cent second-quarter loss per share vs. a 63-cent loss on a 2.6% total revenue rise. ImClone expects to maintain the current and planned operations through at least June 2004.

Hot Topic (HOTT ) set a 3-for-2 stock split.

Advertising company Interpublic Group (IPG ) posted a 4-cent second-quarter loss vs. 29 cents earnings per share on flat revenues. InterPublic says business conditions remain difficult, and decided to withdraw its previous earnings per share guidance.

El Paso (EP ) posted a 45-cent second-quarter loss vs. 11 cents earnings per share from continuing operations (GAAP) on a 7.8% operating revenue decline. El Paso sees 15 cents to 45 cents 2003 pro forma earnings per share from continuing operations.

Cable and pay-TV company EchoStar Communications (DISH ) posted 27 cents vs. 8 cents second-quarter basic earnings per share on a 21% total revenue rise.

Biotech firm Xoma (XOMA ) posted a 22-cent second-quarter loss vs. a 14-cent loss on a 49% revenue decline.

Tiffany & Co. (TIF ) posted 28 cents vs. 22 cents second-quarter earnings per share on an 18% net sales rise. The jewelry retailer maintains the fiscal 2004 guidance of $1.33-$1.38 earnings per share, and the low-teens percentage increase in net sales.

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