Cisco Meets Street's EPS Target

EDS returns to profit; Taser misses forecasts; plus more of Tuesday's stocks in the news

After the close of trading Tuesday, Cisco Systems (CSCO ) posted 22 cents pro forma second-quarter earnings per share and revenue of $6.06 billion. Street estimates predicted 22 cents second-quarter earnings per share and revenue $6.126 billion for the technology giant.

Electronic Data Systems (EDS ) posted 10 cents fourth-quarter earnings per share, vs. a 70-cent loss despite a 4.7% revenue drop. The company notes fourth-quarter signings fell short of target. It sees $4.8 billion t $5 billion in first-quarter revenue, breakeven to 5 cents earnings per share. It sees $20 billion to $21 billion in 2005 revenue and 50 cents to 60 cents earnings per share.

UBS (UBS ) posted 12% higher fourth-quarter profits on $9.85 billion in revenues. The bank announced a 15% dividend increase as well as a share buyback program worth $4.08 billion.

Taser International (TASR ) posted lower-than-expected 8 cents, vs. 5 cents fourth-quarter earnings per share on a 79% sales rise.

Marriott International (MAR ) posted 79 cents, vs. 69 cents fourth-quarter earnings per share on a 9.4% revenue rise. The company sees North American REVPAR growth for 2005 of 7% to 9%. It sees $2.73 to $2.83 2005 earnings per share, excluding the impact of option expensing and costs related to new bedding incentive program.

Toll Brothers (TOL ) reported first-quarter contracts of about $1.44 billion, 60% higher over a year ago. It says with strong first-quarter results, it is on track for 40%-plus net income growth it forecast for fiscal 2005.

Previously undisclosed Merck (MRK ) documents show that it was poised to a begin study of Vioxx in 2002 but abruptly dropped the project just before it was set to start, according to the New York Times.

McDonald's (MCD ) posted 5.2% higher January comparable sales for restaurants worldwide and 8.3% higher global systemwide sales.

Merrill downgrades Nike (NKE ) to neutral from buy.

Ariba (ARBA ) says the jury found the company liable for infringing three U.S. patents held by ePlus Inc.

Federal prosecutors charged W.R. Grace & Co. (GRA ) with exposing mine workers and residents in a small community in Montana to deadly asbestos and covering up the danger, according to the Washington Post.

Business Objects (BOBJ ) posted 24 cents fourth-quarter earnings per ADS, vs. a 12-cent loss (GAAP) on a 45% revenue rise. It sees $235 million to $240 million in first-quarter revenue and 13 cents to 16 cents earnings per share (GAAP). The company sses $1.000 billion to $1.025 billion in 2005 revenue and 80 cents to 90 cents earnings per share. Wachovia reportedly upgrades.

Lincare Holdings (LNCR ) posted lower-than-expected 68 cents, vs. 59 cents fourth-quarter earnings per share. The company discloses one of its pharmacies received an FDA warning letter and confirmed that the FBI last month searched a Fla. businesses related to Lincare. S&P reiterates hold.

Earthlink (ELNK ) posted 23 cents, vs. 7 cents fourth-quarter earnings per share as greater operational efficiencies and lower telecommunications costs offset a 3% revenue decline. The company says its customer base declined by 14,000 during the fourth quarter. It sees $1.3 billion to $1.34 billion in 2005 revenue.

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