Dell Posts Weaker Earnings
Dell (DELL) posted 26 cents vs. 43 cents fourth quarter earnings per share (EPS) (excluding items) on a 5% revenue drop. Results are preliminary due to investigations into certain accounting and financial reporting matters.
American International Group (AIG) posted $1.31 vs. 17 cents fourth quarter EPS (as reported) on a 9.5% revenue rise.
Walgreen (WAG) reported 8.6% higher February comp-store sales and 13.4% higher total sales. The drugstore chain says February comp-pharmacy sales rose 10% and total pharmacy sales by 14.3%.
Kohl's (KSS) posted $1.48 vs. $1.08 fourth quarter EPS on a 4.1% same-store sales rise and 17% total sales rise. The company sees fiscal 2008 EPS of $3.68 to $3.84 on a total sales rise of 9% to 11% and comps rise of 2% to 4%.
Novell (NOVL) posted a 6 cents first quarter loss from continuing operations vs. one cent EPS on a 4.9% revenue decline. The company sees $945 million to $975 million fiscal 2007 revenue and adjusted income from operations of breakeven to $10 million. Novell targets 12% to 15% fourth quarter fiscal year 2008 exit rate operating margin.
Dendrite International (DRTE) agreed to be acquired by Cegedim S.A. for $751 million, or $16 per share, in cash.
Palm (PALM) shares were seen higher Mar. 2 amid speculation that the company might be acquired.
Longs Drug Store (LDG) posted 4.6% higher February total retail drug store sales from continuing operations and 2.7% higher same-store sales. Longs says pharmacy same-store sales rose 3.9% and front-end comps rose 1.6%.
UnitedHealth Group (UNH) expects to file its 2006 10-K with the SEC on or before Mar. 15, along with amended 10-Q filings for the quarters one to three of 2006.
Scientific Games (SGMS) Posts better-than-expected $0.25 vs. $0.27 fourth quarter non-GAAP EPS as higher operating costs offset a 14% revenue rise.