JDS Uniphase Posts Loss

Cardinal Health climbs; Comcast net plunges; plus more of Wednesday's stocks in the news

After the close of trading Wednesday, JDS Uniphase (JDSU ) posted a first-quarter loss of 2 cents per share, vs. a 2-cent loss one year earlier, on a 32% revenue rise. The company missed analysts' estimates of a 1-cent loss. After rising in Wednesday's regular session, the shares declined in after-hours trading.

Procter & Gamble (PG ) shares moved lower after the company posted 73 cents, vs. 63 cents first-quarter earnings per share on a 13% sales rise. P&G sees 5% to 7% second-quarter sales growth and is comfortable with the current analysts' earnings per share forecast. S&P reiterates its buy rating.

Halliburton (HAL ) shares advanced after AG Edwards upgrades its rating from hold to buy. On Oct. 26, the company posted 9 cents third-quarter loss, vs. 13 cents earnings per share, despite a 15% revenue rise.

Cardinal Health (CAH ) posted 91 cents, vs. 79 cents fourth-quarter earnings per share from continuing operations on an 11% revenue rise. The company expects a 10% to 15% earnings-per-share decline for the first half of fiscal 2005, with a decline of about 25% in the first quarter. S&P upgrades its rating to hold from sell.

Software company MicroStrategy (MSTR ) posted $7.22 third-quarter earnings per share (GAAP)(including a tax benefit), vs. a $1.59 loss on a 42% revenue rise. The company sees 39 cents to 79 cents fourth-quarter earnings per share (GAAP) on $47.7 million to $57.4 million revenue. JP Morgan Securities upgrades the stock.

Comcast (CMCSA ) posted 10 cents, vs. $1.41 third-quarter earnings per share, as the absence of a gain on discontinued operations offset a 12% revenue rise. The cable provider reaffirms its forecast for 10% 2004 revenue growth. S&P reiterates its hold rating.

Boeing (BA ) posted 56 cents, vs. 32 cents third-quarter earnings per share on a 7.9% revenue rise. The commercial aircraft manufacturer raised its $2.25 to $2.45 2004 earnings-per-share guidance to $2.40 to $2.60, mostly due to a lower tax expense. It maintains $2.35 to $2.60 2005 earnings-per-share guidance.

Unilever (UN ) posted 0.91 euro ($1.17) vs. 0.85 euro ($1.09) third-quarter earnings per share, despite a 4% revenue drop. The global consumer goods giant says it is dissatisfied with its performance and actions are being taken to improve market competitiveness of its products.

Cox Communications (COX ) posted 11 cents third-quarter earnings per share, vs. a 35-cent loss on a 11% revenue rise. The broadband company reaffirmed its 11.5% to 12.5% 2004 revenue growth and expects operating cash flow growth to be at the low end of its previous 14% to 15% growth range.

Wireless-communications company Nextel Partners (NXTP ) posted 12 cents third-quarter earnings per share, vs. a 9-cent loss on a 27% revenue rise. It raised 355,000 its 2004 net subscriber addition forecast to at least 360,000 and $1.25 billion service revenue to at least $1.28 billion.

Spacecraft-technology supplier Northrop Grumman (NOC ) posted 80 cents, vs. 54 cents third-quarter earnings per share from continuing operations on an 11% sales rise.

Blockbuster (BBI ) posted a $7.82 third-quarter loss, vs. 35 cents earnings per share as a $7.84 per share charge, investment spending and softness in the movie rentals offset a 1.8% revenue rise. The company sees fourth-quarter, 2004 profitability down significantly year-over-year. President and COO Nigel Travis resigns.

Metro-Goldwyn-Mayer (MGM ) posted an 11-cent third-quarter loss, vs. a 13-cent loss (GAAP basis), despite a 12% revenue decline. S&P reiterates its hold rating.

Avaya (AV ) posted 21 cents, vs. 15 cents fourth-quarter earnings per share on an 11% revenue rise.

Anthem (ATH ) posted $1.70, vs. $1.38 third-quarter earnings per share on a 13% revenue rise. The healthcare provider sees fourth-quarter net income relatively consistent with its third-quarter. It raised its $6.95 to $7.05 2004 earnings per share forecast to $7.05 to $7.10 (including tax benefits). The company sees 2005 earnings per share of at least $7.60.

Veritas Software (VRTS ) posted 22 cents, vs. 15 cents third-quarter earnings per share (GAAP) on an 11% revenue rise. S&P reiterates its buy rating.

Sirius Satellite (SIRI ) posted a 14-cent third-quarter loss, vs. an 11-cent loss, as higher selling, general and administrative costs offset sharp revenue rise. The satellite radio company remains on track to reach 1 million subscribers by end of this year.

Black & Decker (BDK ) posted $1.37, vs. 95 cents third-quarter earnings per share on a 15% revenue rise. It sees $1.53 to $1.58 fourth-quarter earnings per share from continuing opeartions, and $5.33 to $5.38 for 2004. The company sees $6.00 2005 earnings per share from continuing operations.

Sina (SINA ) posted 27 cents, vs. 21 cents third-quarter earnings per share (GAAP) on a 65% revenue rise. It sees fourth-quarter revenue of $54.5 million to $55.5 million.

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