Dell Shares Rise
Dell (DELL ) posted 37 cents, vs. 28 cents first-quarter earnings per share on a 16% revenue rise. The company sees $13.6 billion to $13.8 billion second-quarter revenue and 37 cents to 39 cents earnings per share. It notes sales outside the U.S. increased 21% year-over-year. S&P reiterates strong buy.
Delphi Corp. (DPH ) posted a 74-cent first-quarter loss (GAAP), vs. 9 cents earnings per share on a 6.8% revenue drop. The company notes impact from inability to record non-cash deferred tax benefit of U.S. losses, high commodity costs, and low production volumes. It sees $7.2 million to $7.4 million second-quarter revenue.
Taser International (TASR ) says a recent study published in a supplemental edition of Academic Emergency Medicine found no significant cardiac dysrhythmias in 24 healthy humans, immediately following electrical exposure from its latest model stun gun TASER X26.
Tiffany & Co. (TIF ) posted 27 cents, vs. 25 cents first-quarter earnings per share on a 12% net sales rise. The company sees $1.45 to $1.55 2005 earnings per share on 8% to 10% 2005 net sales rise. It says earnings per share could be at the lower end of range if same-store sales in Japan fall by a single-digit percentage.
Sanofi-Aventis (SNY ) posted $1.34 (1.06 euro), vs. $1.05 (0.83 euro) first-quarter earnings per share on an 8.4% net sales rise. It sees 2005 earnings per share in line with 2004, comparable-basis net sales growth ahead of world pharmaceutical market growth.
Symantec Corp. (SYMC ) and Altiris (ATRS ) settle all pending patent litigation and enter into a patent cross-license deal. Symantec is to pay a $10 million fee to Altiris.
Nvidia Corp. (NVDA ) posted 36 cents, vs. 12 cents first-quarter earnings per share on a 24% revenue rise.
Maytag Corp. (MYG ) cuts its quarterly dividend by 50% to 9 cents. Says move should allow the company more financial flexibility to fund its restructuring plan, and have additional cash available for debt reduction and pension funding.
Greg Manning Auctions (GMAI ) posted lower-than-expected 29 cents, vs. 23 cents first-quarter earnings per share on a 16% revenue rise.
Toro Co. (TTC ) raised second-quarter earnings per share guidance to $1.28 to $1.33. The company sees $625 million to $630 million 2005 revenue and cites stronger shipments of Professional products and contribution from Hayter Ltd. to international sales. S&P maintains hold.
Pep Boys (PBY ) declines after it posted a 4-cent first-quarter loss, vs. 25 cents earnings per share on slightly lower sales. S&P maintains sell.
JP Morgan upgrades Lubrizol Corp. (LZ ) to overweight from neutral.
Sigma Designs (SIGM ) does not expect its first quarter to be profitable. It sees $6.0 million to $6.5 million net revenue.
Westell Technologies (WSTL ) posted 40 cents, vs. 28 cents fourth-quarter earnings per share on a 26% revenue rise. The company sees $73 million to $76 million first-quarter revenue and 6 cents to 7 cents GAAP earnings per share, including a provision for tax expense. Baird reportedly upgrades to outperform from neutral.
LTX Corp. (LTXX ) posted $39.1 million third-quarter orders, up 25% sequentially. It sees a 10-cent to 12-cent fourth-quarter loss on $36 million to $38 million in revenue.
Pacific Sunwear (PSUN ) posted 23 cents, vs. 19 cents first-quarter earnings per share on a 3% same-store sales rise and 14% total sales rise. It sets a $100 million stock buyback. S&P maintains hold.
DRS Technologies (DRS ) posted 61 cents, vs. 60 cents fourth-quarter earnings per share on a 6.5% revenue rise. The company sees $2.35 to $2.45 fiscal 2006 earnings per share on $1.45 billion to $1.50 billion in revenue. It declares an initial quarterly dividend of 3 cents for the first quarter.
Guitar Center (GTRC ) sees $395.7 million to $406.4 million in second-quarter sales and 39 cents to 44 cents earnings per share, including a one-time charges of 7 cents associated with the acquisition of Music & Arts Center. The company ssees $1.77 billion to $1.81 billion 2005 sales and $2.59 to $2.74 earnings per share including charges.
Jackson Hewitt Tax Services (JTX ) raises $220 million to $225 milllion fiscal 2005 revenue forecast to $229 million to $232 million and $1.15 to $1.19 earnings per share to $1.30 to $1.33.
Fossil Inc. (FOSL ) sets a 1 million share buyback.