AMD Shares Move Lower
Advanced Micro Devices (AMD) shares were lower Thursday after the company posted 38 cents first quarter EPS vs. a 4-cent loss on a 71% sales rise (excluding the company's Memory Products business.) It sees second quarter sales flat to slightly down from the first quarter's $1.33 billion.
General Electric (GE) posts 41 cents vs. 37 cents first quarter earnings per share (EPS) on a 10% revenue rise.
Tribune Co.(TRB) posts 33 cents vs. 44 cents first quarter EPS on a 1.3% revenue drop.
Consolidated Graphics (CGX) initiates a formal process to explore strategic alternatives to enhance shareholder value, including the potential sale or other change of control transaction.
New York Times (NYT) posts 24 cents vs. 76 cents first quarter EPS as higher costs offset a 3.3% revenue rise.
Mcdonald's (MCD) posts 5.3% higher March global same-store sales and 3.3% higher systemwide sales. It sees 49 cents first quarter EPS.
Universal Technical Institute (UTI) sees $88 million to $89 million second quarter revenue and 9.5% to 10.0% net income margin, excluding equity-based compensation expense. It sees lower-than-expected 11% to 13% fiscal year 2006 revenue growth and net income margin of 9% to 10%.
4 Kids Entertainment (KDE) says Chief Operating Officer Steven M. Grossman has stepped down.
New York & Co (NWY) sees April same-store sales up 1% to 6%, and first quarter same-store sales down a wider-than-expected 8.2% to 9.5%. It cuts its 20 cents to 23 cents first quarter EPS forecast to between 9 cents and 13 cents.
Pfizer (PFE) is to acquire exclusive worldwide rights to fesoterodine, a new drug candidate for treatment for overactive bladder, from Schwarz Pharma AG for an initial payment of $100 million.
Lam Research (LRCX) posts better-than-expected 65 cents third quarter EPS from ongoing ops vs. 55 cents EPS in the second quarter on a 22% sequential revenue rise.
Taylor Devices (TAYD) posts 3 cents second quarter earnings per share (EPS) vs. a penny loss on a sharp sales rise. Spokesman Artie Regan says Taylor Devices' decline is possibly tied to a boutique firm "pump and dump". The stock typically trades in the $3.50 to $5 range, maybe pumped prior to earnings.
Cascade (CAE) posts lower-than-expected 63 cents vs. 39 cents fourth quarter EPS on a 4.8% revenue rise. It notes margins were negatively impacted by higher material costs and increased sales of lower margin OEM products.