DuPont Posts Higher Earnings
DuPont (DD ) posted 96 cents, vs. 66 cents despite a 4.6% revenue drop. The company reaffirms its $2.65 to $2.85 2005 earnings per share forecast. It expects current market trends for energy-related costs to increase raw material costs significantly more than expected.
ImClone Systems (IMCL ) posted 33 cents, vs. 76 cents first-quarter earnings per share on a 22% revenue drop. The company notes first-quarter 2004 earnings per share included a one-time "catch-up" amortization effect of about $43 million associated with a $250 million milestone payment received last year.
JDA Software (JDAS ) posted 2 cents first-quarter earnings per share, vs. a 2-cent loss (GAAP) despite a 8.9% total revenue decline. The company projects higher software sales in the second quarter, which combined with cost structure should yield solid earnings per share growth.
Chipmaker Altera (ALTR ) posted 17 cents, vs. 15 cents first-quarter earnings per share on a 9% sales rise. UBS Financial reportedly upgrades to buy from neutral.
Monster Worldwide (MNST ) posted 17 cents, vs. 11 cents first-quarter earnings per share on a 35% revenue rise. The company sees 19 cents to 20 cents second-quarter earnings per share and 85 cents to 90 cents 2005 earnings per share.
Fresh Del Monte (FDP ) posted $1.00, vs. 81 cents first-quarter earnings per share on a 17% sales rise. The company reiterates $2.30 to $2.40 2005 earnings per share guidance. It expects increasing costs to continue to create a challenging operating environment in 2005.
CKE Restaurants (CKR ) posted 12 cents fourth-quarter earnings per share, vs. a 90-cent loss on 4.9% and 4.4% higher same-store sales at company-operated Carl's Jr. and Hardee's, respectively, and 11% higher total revenue. The company initiates a 4 cents quarterly dividend.
Medco Health Solutions (MHS ) posted 47 cents, vs. 38 cents first-quarter earnings per share (GAAP) despite a 1.8% revenue drop. The company continues to see 2005 earnings per share (GAAP) of $1.94 to $2.03.
Bebe Stores (BEBE ) and Amazon Services Inc., a unit of Amazon.com (AMZN ), announce that Amazon Services will provide technology platform, fulfillment center, and multi-channel call center operations for bebe.com.
Schlumberger (SLB ) posted 86 cents ,vs. 37 cents first-quarter earnings per share on an 18% revenue rise. The company says increasing activity levels around the world reflect a growing response to a current narrow margin of excess production capacity.
Swift Transportation (SWFT ) posted 26 cents, vs. 8 cents first-quarter earnings per share on a 19% revenue rise.
Chubb (CB ) posted $2.22, vs. $1.61 first-quarter operating earnings per share on slightly higher net written premiums, lower combined loss, and expense ratio. The company says first-quarter results puts it on the path to exceed its 2005 operating earnings per share guidance of $7.60 to $8.00.
L-3 Communications (LLL ) posted 86 cents, vs. 65 cents first-quarter earnings per share on a 29% sales rise. The company sees $4.00 to $4.05 2005 earnings per share.