Movers: Oracle, RIM, Nokia, Monsanto, Darden, American Greetings
Oracle (ORCL) reports fourth quarter (ended May 31) EPS of 39 cents a share, up from 31 cents a year earlier. Revenue climbed 24% to $7.24 billion.
Research In Motion (RIMM) shares fall in after-hours trading amid disappointment with the company's outlook for the current quarter. It posts first quarter (ended May 31) EPS of 84 cents, vs. 39 cents a year ago. Revenue jumped more than 100% to $2.24 billion from $1.08 billion last year.
Nokia (NOK) rises 1.44 to 26.10 after the WSJ reports NOK is buying full control of cellphone software maker Symbian for $410 million, a move that will likely increase competition for Apple (AAPL). S&P sees greater competition in high-end handset market, maintains buy.
Apollo Group (APOL) falls 3.78 to 49.05 after the company announces the resignation of Brian Mueller as president and Director, effective immediately. S&P maintains hold.
Barclays PLC (BCS) rises 1.11 to 25.81 after it announces a share issue to raise approximately GBP 4.5 billion through the issuance of 1.576 billion ordinary shares. The bank says share issue will enable BCS to strengthen its capital base and operate capital ratios that are ahead of its targets.
Boeing (BA) falls 5.15 to 69.64 after Goldman Sachs adds BA to its Conviction Sell list, was rated neutral. Goldman also downgrades Precision Castparts (PCP) and Textron (TXT) to neutral from buy.
Monsanto Company (MON) posts $1.45, vs. $1.02 a year ago, third quarter EPS on 26% total sales rise. Notes current third quarter EPS results affected favorably by $0.23 per share after tax from settlement. Now expects fiscal year 2008 EPS to be about $3.63 on reported basis (excluding an estimate for the in-process R&D charge associated with acquisitions), $3.40 on ongoing basis. Expects fiscal year 2008 free cash flow will be $550 million. Sees increased use of its corn seeds and traits globally, expects seventh consecutive year of branded corn market share gains in U.S.
Darden Restaurants (DRI) posts $0.72 (including about $0.06 in integration costs, purchase accounting adjustments), vs. $0.67 a year ago, fourth quarter EPS from continuing operations on 25% sales rise. Olive Garden's fourth quarter U.S. same-restaurant sales rose 5.8%, while Red Lobster's on LongHorn's U.S. comps fell 0.2% and 3.1%, respectively. Expects fiscal year 2009 combined U.S. same-restaurant sales growth of about 2%, total sales growth of 14%-15%, EPS from continuing operations growth of 14%-15%.
General Mills (GIS) posts $0.73 (excluding item), vs. $0.62, fourth quarter EPS on 13% sales rise. Assuming no mark-to-market impact in fiscal year 2009, expects EPS of $3.78-$3.83, representing growth of 7%-9% (excluding items).
American Greetings (AM) posts much lower than expected first quarter EPS from continuing operations of $0.27, vs. $0.54 a year ago, as costs associated with new Canadian card line offset 2.0% revenue rise. Reaffirms fiscal year 2009 EPS from continuing operations forecast of $1.60-$1.85.
Dean Foods (DF) expects second quarter EPS to exceed previous guidance of $0.26-$0.31, now expects adjusted EPS to be at least $0.32.
The New York Post reports that UBS AG ( 2 Next Page
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