Google Falls

Wal-Mart shares lower; EDS posts loss; plus more of Tuesday's stocks in the news

Google (GOOG ) shares moved lower Tuesday, as the post-IPO lockup period on some 39 million shares expires.

Wal-Mart (WMT ) posted 54 cents, vs. 46 cents third-quarter earnings per share on 1.7% total U.S. same-store store sales rise, and a 9.9% total revenue rise. The retail giant reportedly raised its fiscal 2005 earnings-per-share forecast to $2.39 to $2.41. The shares traded lower on Tuesday.

Electronic Data Systems (EDS ) posted a 30 cents third-quarter loss, vs. a 3-cent loss on a slight revenue decline and asset impairment charge. The company says its auditor advises the company to restate 2003 quarterly results due to "material" weaknesses in the company's internal controls.

Staples (SPLS ) posted 41 cents, vs. 33 cents third-quarter earnings per share on 4% higher North American retail same-store sales, and 12% higher total sales. The office-supply retailer sees 50 cents fourth-quarter earnings per share on low double-digit sales growth for the total company.

Juniper Networks (JNPR ) announced that it has been awarded the largest share of a contract for China Telecom's next-generation backbone network.

BJ's Wholesale (BJ ) posted 33 cents, vs. 29 cents third-quarter earnings per share on a 6.1% same-store sales rise, and a 9.9% total revenue rise. Home Depot (HD ) posted 60 cents, vs. 50 cents third-quarter earnings per share on 4.5% same-store sales rise, and 13% total sales rise. It raises 14% to 17% fiscal 2005 earnings-per-share growth guidance to 19% to 20%. Pennrock Financial (PRFS ) agreed to be acquired by Community Banks (CMTY ) in a deal valued at about $326 million. The terms of the agreement shareholder will receive 1.4 Community Bank shares per Pennrock share.

Georgia Gulf (GGC ) gains after CS First Boston upgrades the stock to outperform from neutral.

Williams-Sonoma (WSM ) declines after Raymond James downgrades to market perform from strong buy.

China Netcom Group (CN ) rises after its initial 47.1 million ADSs are offered at $21.82, each representing 20 ordinary shares.

Blue Nile (NILE ) loses net shares after the company revealed in its 8-K filing that Chairman and CEO, President Mark Vadon, CFO Diane Irvine, and COO and CIO Robert Paquin each adopted a pre-arranged stock-trading plan in accordance with Rule 10b5-1.

Saks (SKS ) posted a 18-cent third-quarter loss, vs. 9 cents earnings per share (including items) as higher costs offset slightly higher same-store sales.

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