Activision Gains on Results

Nationwide Financial posts lower first quarter earnings; Chiquita profits slip; plus more stocks in the news Friday

Activision (ATVI) shares moved solidly higher Friday after the company posted a 3 cents per share fourth quarter loss vs. a penny EPS on a 7.7% revenue decline. It says fourth quarter results are better than expected. It sees first quarter loss of 11 cents and fiscal year 2007 EPS of 10 cents.

Aon (AOC) posts 57 cents vs. 59 cents first quarter earnings per share (EPS) (Generally Accepted Accounting Principles) as restructuring charges and other expenses offset a 2.4% revenue rise.

Nationwide Financial (NFS) posts 93 cents vs. $1.05 first quarter EPS (GAAP) on flat revenues, net realized losses on investments, and other items.

The New York Times reports that Johnson & Johnson (JNJ) told employees it is dividing its pharma group into three major diseases or therapeutic clusters, each with its own Research & Development function

McData (MCDTA) sees first quarter revenue at the low end of $167 million to $177 million guidance, and non-GAAP EPS at the low end of 3 cents to 5 cents guidance.

Bookham (BKHM) posts worse-than-expected 34 cents third quarter loss vs. 82 cents loss (non-GAAP) despite a 7% revenue rise. It notes revenue from Nortel declined sequentially. It sees fourth quarter revenue of $52 million to $55 million and adjusted EBITDA of negative $11 million to negative $15 million.

Cost Plus (CPWM) posts 4.3% lower first quarter same-store sales and 6.5% higher total sales. It notes first quarter sales are $2.0 million below the low end of its guidance.

Atmos Energy (ATO) posts $1.10 vs. $1.11 second quarter EPS (GAAP) as higher costs and expenses offset a 21% rise in operating revenue. It sees 2006 EPS at the lower end of its previously announced $1.80 to $1.90 guidance.

Longs Drug Store (LDG) posts 3.8% higher April retail drug store same-store sales, 5.2% higher pharmacy same-store sales, and 2.5% higher front-end comps. It posts 15% higher total revenue.

Open Text (OTEX) posts 27 cents vs. 21 cents third quarter EPS as lower operating costs offset a 4.1% revenue decline. It sees 25 cents to 35 cents fourth quarter adjusted EPS on revenue of $100 million to $110 million. It names Paul McFeeters as CFO.

Chiquita Brands (CQB) posts 46 cents vs. $1.94 first quarter EPS as higher industry, sourcing costs, and increased European banana tariffs offset a 24% sales rise.

Liveperson (LPSN) posts a penny (including stock option expense) vs. a penny first quarter EPS as higher operating expenses offset a 39% revenue rise.

Four Seasons Hotels (FS) posts 36 cents vs. 14 cents first quarter EPS on 12% higher revPAR at worldwide core hotels.

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