Movers: Intel, Yahoo, JP Morgan, WebMD
Intel (INTC) reports third quarter EPS of $0.31, a penny above the Reuters Estimates consensus of $0.30, vs. $0.22 a year ago. Revenues rose 15.6% from a year ago to $10.1 billion, vs. the $9.61 billion consensus. It issues higher guidance for the fourth quarter - it sees revenues of $10.5-11.1 billion, vs. $10.43 billion consensus. It sees fourth quarter gross margin 57% plus or minus a couple of points, vs. 55.1% consensus. S&P downgrades to buy from strong buy, on valuation.
Yahoo (YHOO) reports third quarter EPS of $0.11, $0.03 better than the Reuters Estimates consensus of $0.08; revenues ex TAC rose 14.5% from a year ago to $1.28 billion, vs. the $1.24 billion consensus. It issues in-line guidance for the fourth quarter -- it sees revenues ex TAC of $1.31-1.45 billion, vs. $1.37 billion consensus.
IBM (IBM) reports third quarter EPS of $1.68 per share, matching the consensus estimate and vs. $1.45 a year ago; revenues rose 6.6% from a year ago to $24.12 billion.
Altria Group (MO) posts third quarter EPS from continuing operations of $1.24, vs. $1.05 a year ago, on 8.9% revenue rise. It raises $4.05-$4.10 2007 EPS from continuing operations forecast to $4.20-$4.25.
JP Morgan Chase & Co. (JPM) posts better-than-expected third quarter EPS of $0.97, vs. $0.92 a year ago, on 3.6% revenue rise.
Coca-Cola (KO) posts third quarter EPS of $0.71 vs. $0.62 a year ago, on 19% revenue rise.
United Technologies (UTX) posts third quarter EPS of $1.21, vs. $0.99 a year ago, on 14% revenue rise. It sees $4.22-$4.25 2007 EPS, which is at the top end of its prior forecast range, $54 billion of revenue, up from previous outlook of $53 billion.
Seagate Technology (STX) posts $0.64, vs. $0.03 a year ago, first quarter GAAP EPS on 18% revenue rise. It sees second quarter revenue of $3.4-$3.5 billion, GAAP EPS of $0.66-$0.70. S&P ups target, reiterates strong buy.
WebMD Health (WBMD) cuts $89-$94 million third quarter revenue guidance to $86-$87 million. It sees $10.8-$11.7 million net income vs. prior guidance of $8.2-$10.6 million. Goldman expects the shares to be weak on the news.
Thornburg Mortgage (TMA) posts third quarter net loss per share, before preferred stock dividends, of $8.83, vs. EPS of $0.64 a year ago. It estimates taxable loss of $0.08 per share. It says it will not declare a third quarter dividend. It says it sold $21.9 billion of ARM assets during the third quarter and recorded an aggregate estimated loss on those sales of $1.093 billion.
Cablevision Systems (CVC) announces that its president and CEO, James L. Dolan, on behalf of the Dolan Family Group, has informed the company that it has no intention of modifying its accepted offer to acquire all outstanding shares of CVC it does not already own for $36.26 per share in cash. Citigroup downgrades to sell from hold.
Midland (MLAN) agrees to be acquired by Munich Re in a $1.3 billion deal. Terms: $65 cash for each MLAN share.
Bon-Ton Stores (BONT) says based on year-to-date third quarter results, it does not expect to achieve its previously stated full fiscal year 2008 EPS guidance. It expects continued general softness in the retail environment will lead to intensified promotional activity throughout the remainder of the year.
Manpower (MAN) posts third quarter EPS of $1.57, vs. $1.16 a year ago, on 15% revenue rise. It sees $1.50-$1.54 fourth quarter EPS (including a favorable currency impact of $0.10).
Linear Technology (LLTC) posts first quarter EPS of $0.40, vs. $0.36 a year ago, as fewer shares outstanding offset a 3.6% revenue drop.
Axcelis Technologies (ACLS) sees third quarter revenues slightly below $110-$120 million guidance; also sees lower-than-anticipated gross margin due to timing of shipments, product mix. It sees $0.08 third quarter loss per share, which includes a charge.
Knight Capital Group (NITE) posts third quarter EPS (GAAP) of $0.17, vs. $0.30 a year ago, on 3.2% revenue drop.
Blackrock (BLK) posts third quarter EPS of $1.94, vs. $0.28 a year ago, on 18% revenue rise. It posts $2.29 third quarter adjusted EPS.