HP Posts Higher First Quarter Earnings

DaimlerChrysler posts stronger results; Applied Materials tops expectations; plus more stocks in the news Thursday

Shares of Hewlett-Packard (HPQ) moved higher Thursday after the technology outfit posted 48 cents vs. 37 cents first quarter earnings per share EPS (non-GAAP) on a 5.6% revenue rise. The technology heavyweight sees 47 cents to 49 cents second quarter non-GAAP EPS, including stock option expense, on $22.4 billion to $22.6 billion revenue, and $1.90 to $1.95 2006 EPS on $90 billion to $91 billion revenue.

DaimlerChrysler (DCX) posts $1.12 vs. 61 cents fourth quarter EPS on a 9.8% revenue rise. It sees 2006 unit sales in the range of the prior year; adjusted for forex, 2006 revenues will most likely increase slightly.

Applied Materials (AMAT) posts 9 cents vs. 17 cents first quarter EPS (GAAP) despite a 4% revenue rise. It posts better than expected 19 cents non-GAAP EPS. It reportedly sees second quarter EPS of 22 cents to 23 cents and a 13% to 15% sequential revenue rise.

Office Depot (ODP) posts 34 cents vs. 17 cents fourth quarter EPS (GAAP) on a 7.2% sales rise (including an extra week).

Leapfrog Enterprises (LF) posts 23 cents fourth quarter EPS vs. 12 cents loss as lower costs and expenses offset a 3.1% revenue drop. The company is to consolidate the senior leadership roles of the Chief Executive Officer and President into one position, resulting in the resignation of current President Jerome Perez.

Guitar Center (GTRC) posts $1.17 vs. 95 cents fourth quarter EPS from operations on a 20% consolidated sales rise. It sees $2.72 to $2.98 2006 EPS, including stock option expense, and says Chief Financial Officer Bruce Ross will retire.

Emdeon (HLTH) says the board okays strategic evaluation of its Emdeon Business Services and Emdeon Practice Services segments.

@Road (ARDI) says the US Patent & Trademark Office has recently issued the company three new patents covering mobile resource management technology and services.

Dr. Reddy's Labs (RDY) enters an agreement to buy Betapharm Group, the fourth-largest generic pharmaceutical company in Germany, for EUR 480 million cash.

Wild Oats Market (OATS) posts 11 cents fourth quarter EPS vs. $1.22 loss (GAAP) on a 4.2% higher same-store sales rise and slightly higher total sales (including the year ago's extra week.) It sees 34 cents to 40 cents 2006 EPS.

Granite Construction (GVA) posts 86 cents vs. 47 cents fourth quarter EPS on a 26% revenue rise.

Xm Satellite Radio Holdings (XMSR) posts $1.22 fourth quarter loss vs. 93 cents loss as higher costs and expenses offset sharply higher revenues. Pierce Roberts resigns from the board of directors based on his disagreements with the company over its operational direction.

Expedia (EXPE) posts 7 cents vs. 13 cents fourth quarter EPS as lower operating income before amortization, lower interest income, and a higher effective tax rate offset a 13% revenue rise.

Biogen Idec (BIIB) posts 48 cents vs. 29 cents fourth quarter EPS (pro forma) on an 8% revenue rise.

Renaissance Learning (RLRN) says President and Chief Executive Officer John Hickey resigned effective immediately to start a new company.

Ness Technologies (NSTC) posts 19 cents vs. 16 cents fourth quarter EPS on a 28% revenue rise. It sees 17 cents to 19 cents first quarter EPS and 80 cents to 85 cents in 2006, excluding an expected one penny per share impact associated with the expensing of stock-based compensation.

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