Symbol Tech Falls
Symbol Technologies (SBL ) shares dripped Monday after the company posted a second quarter loss (including items) of 12 cents per share, vs. earnings per share of 12 cents, on a slight sales drop. The company announced that Bill Nuti, its president and CEO, resigned to become CEO of NCR. S&P maintains its strong sell rating on Symbol.
Tyson Foods (TSN ) posted third quarter earnings per share of 36 cents, vs. 45 cents, despite a 1.5% sales rise. The company sees 95 cents to $1.05 2005 earnings per share (GAAP).
Take-Two Interactive (TTWO ) says Australia's entity responsible for rating films and video games has revoked the classification of Grand Theft Auto: San Andreas. As a result, the game cannot be sold, advertised or distributed in that country.
Humana (HUM ) posted second quarter earnings per share of 51 cents, vs. 50 cents, on a 3.3% revenue rise. The company continues to anticipate 2005 earnings per share of $2.23 to $2.25 and sees at least 25% 2006 earnings per share growth, to $2.80.
Ivax (IVX ) posted second quarter earnings per share of 17 cetns, vs. 18 cents, as higher operating costs offset a 24% revenue rise. The company expects 2005 earnings per share will be in middle to upper end of the 76 cent to 86 cent range. Ivax confirms its $1.35 to $1.55 2006 earnings per share guidance.
In a government filing, Home Depot (HD ) says it received a federal grand jury subpoena seeking documents and information relating to the company's handling, storage, and disposal of hazardous waste.
ITT Educational (ESI ) says the SEC has terminated its investigation with regard to the company and recommended that no enforcement action be taken.
NCR (NCR ) named Bill Nuti to the positions of president and CEO. Nuti is formerly president and CEO of Symbold Technologies. S&P views the news as positive and reiterates its hold rating.
Playtex Products (PYX ) posted second quarter earnings per share of 10 cents, vs. 13 cents, on 5% lower sales.
Guidant (GDT ) received FDA approval to re-launch its Contak Renewal 3 family of cardiac resynchronization therapy defibrillators in the U.S.; the company expects to resume worldwide distribution and implants of its CRT defibrillators by mid-week.
Symbol Technologies (SBL ) posted a second quarter loss (including items) of 12 cents per share, vs. earnings per share of 12 cents, on a slight sales drop. The company announced that Bill Nuti, its president and CEO, resigned to become CEO of NCR.
Nokia's (NOK ) board appointed Olli-Pekka Kallasvuo as president and COO effective October 1, 2005, and president and CEO from June 1, 2006.