Here is the after hour earnings for you -->
Exodus Comms (EXDS) 9.03 0.80: -- Update -- On conference call, company spoke of cutting costs. EXDS expects to reduce cap-ex spending by $300 mln for the rest of the year. Also, there is a moratorium on hiring....DSOs increased to 61 days in Q1 vs 55 days in Q4...stock trading at 9.00.
Corvis (CORV) 7.89 -0.45: -- Update -- Company says that announcements of new customer wins could wait beyond mid-year due to longer sales cycles; company currently has only 3 customers (WCG, Q, BRW); could be some disappointment that long rumored new customer wins are not imminent.
Kenneth Cole (KCP) 26.24 -2.01: -- Update -- Conference call just concluded... management generally comfortable with company's position and its ability to deliver on guidance given its successful inventory management, better merchandise line, and encouraging sell through trends; also notes that it began witnessing an improvement in its wholesale business last month, that it expects to open 8 new stores this year, and that it has gotten a really good reaction to its fall line.
Sycamore Ntwks (SCMR) 7.90 -0.64: Optical site Light Reading reporting a rumor that Sycamore is working on a big deal with NTT that could be announced in the next few weeks.
Vastera (VAST) 11.18 -0.09: Reports Q1 loss of $0.10 a share, $0.01 better than the First Call consensus of ($0.11); revenues rose 102.3% to $12.70 mln from a year-ago of $6.28 mln. Company issues upside preannouncement for FY01; sees loss of $0.31-0.33 per share; current EPS estimate is ($0.34).
Exodus Comms (EXDS) 9.03 -0.80: -- Update -- On conference call, mgmt said sales team telling them that "pipeline is filling up." Company highlighted an agreement made with American Airlines, which is a "significant multiple year agreement." Mgmt said they have additional very large bids similar to and in some cases larger than the American Airlines deal...."We have more large bids than ever before in the pipeline in the size of AA deal."...stock trading at 9.00.
VeriSign (VRSN) 46.22 -0.38: -- Update -- On conference call, company's earnings guidance "comfortable with full year estimates of $0.58 cents". "Targeting full year operating margins of 22-26% with longer term operating margins in the 30-34% range." VRSN +4.98
Vignette (VIGN) 6.87 +0.12: Finally - the guidance and as expected it's not very good... Company warning that Q2 revenues will be in range of $83-$85 mln v. consensus estimate of $89.7 mln... Sees FY01 revenues of $360-$380 mln v. consensus of $379.5 mln... Puts Q2 per share loss at $0.04 to $0.05, Q3 loss at $0.01 and Q4 gain at $0.01... In other words, company looking for loss of between $0.05 and $0.06 for FY01... Street was expecting break even in Q2 and FY01 gain of $0.02... Firm blames macroeconomic conditions for lowered guidance.
ShopKo Stores (SKO) 9.18 +0.20: Company warns for Q1; sees loss per share of approximately $0.14 to $0.18, vs consensus estimate of ($0.08). Company cites continued softness in the retail environment and inclement weather in the Midwest region.
Exodus Comms (EXDS) 9.03 -0.80: -- Update -- On call, mgmt outlines silver lining in the quarter: improved competitive position. This was a result of three factors: 1) lower exposure to dot-coms, 2) customers flight to quality like EXDS as it is well-funded and will be around as evidenced by 70% win rate; and 3) EXDS has clear path to profitability. EXDS is the only web hoster to be EBITDA positive....stock trading at 8.99.
Thermo Electron (TMO) 23.23 +0.49: Reports Q1 earnings of $0.21 a share, $0.02 better than the First Call consensus of $0.19, vs year-ago earnings of $0.16; revenues fell 0.6% to $573.09 mln from a year-ago of $576.60 mln.
Vignette (VIGN) 6.87 +0.12: On call, so far management telling everybody what a great job company did during difficult quarter... Still waiting for the guidance - a little uncomfortable with fact it hasn't come yet.
VeriSign (VRSN) 46.22 -0.38: -- Update -- On conference call, domain names totaled 5.8 million including new and renewals. Q1 domain name renewal rate was 60% to 70%, higher than analyst expectations of 50%. VRSN +4.22
Exodus Comms (EXDS) 9.03 -0.80: -- Update -- On conference call, company said enterprise customers now represent 62% of sales vs 44% a year ago. Also, IDC customers increased from 4,000 last quarter to 4,526s at the end of this quarter..."seeing reduced demand from dot-coms with increased churn"...stock trading at 8.98.
Concurrent (CCUR) 8.80 +0.45: -- Update -- Reports Q3 earnings of $0.01 a share, $0.01 better than the First Call consensus of $0.00; revenues rose 29.7% to $22.08 mln from a year-ago of $17.02 mln. Company warned that Q4 loss per share will be $0.02 vs estimate of $0.01 EPS.
VeriSign (VRSN) 46.22 -0.38: -- Update -- On conference call, "seeing continued market share gains in PKI (public key infrastructure business) quarter over quarter." VRSN +3.85
VeriSign (VRSN) 46.22 -0.38: -- Update -- On conference call, net DSO's up from 54 days in prior quarter to 59 days. However, company cites "dramatic increase in new domain name registrations as reason for increase." VRSN +3.62
VeriSign (VRSN) 46.22 -0.38: -- Update -- On conference call, company is "comfortable with current Q2 guidance of $230 million and current full year estimates of $975 million to $1 billion." "Expects revenue growth rate to accelerate in the second half of the year."
Columbia Sportswr (COLM) 54.36 +0.36: Reports Q1 earnings of $0.32 a share, $0.16 better than the First Call consensus of $0.16, vs year-ago earnings of $0.13; revenues rose 27.3% to $138.08 mln from a year-ago of $108.44 mln. Company sees 2001 net income growth of 26-29% and revenue growth of 21-23%.
After Hours Action : Movers after hours (changes vs close): Winners: VRSN +2.5, IRF +2, ARTG +1.3, GILD +1. Losers: SBUX -4, AMGN -1.9, CCUR -1.8.
Kenneth Cole (KCP) 26.24 -2.01: -- Update -- On call, says it is very comfortable with its inventory position and that the issue for KCP is not margins, but driving top-line... looking for flat to low-single digit comp. store sales... also indicates that it has total authorization to buy back up to 2.1 mln shares and that it will do so at opportune times... looks like now would be an opportune time considering that the avg. price of the 606,700 shares it bought back in Q1 was $26.31.
VA Linux Systems (LNUX) 3.03 +0.11: Company warns for Q3; sees loss of $0.39-0.41 per share; current EPS estimate is ($0.31). Revenues to be in the range of $18 to $20 mln vs consensus of $29.7 mln.
Allscripts (MDRX) 4.85 -0.16: Reports Q1 loss of $0.28 a share, $0.01 worse than the First Call consensus of ($0.27); revenues rose 72.1% to $16.60 mln from a year-ago of $9.65 mln.
Exodus Comms (EXDS) 9.03 -0.80: -- Update -- Posts Q1 cash loss of $0.22 a share, 6 cents better than consensus, vs a yr-ago loss of $0.16; revenues rose 163% to $348.7 mln (mean $366 mln)... Projects Q2 and full yr revenues of approx. $360 mln and $1.5-$1.6 bln vs estimates of $434 mln and $1.89 bln; sees cash loss for Q2 of $0.19-$0.20 (mean -$0.25)... With over $1 bln in cash, does not expect to return to capital markets to meet goals.
Creative Tech (CREAF) 9.15 unch : Reports Q3 earnings of $0.06 a share, $0.03 worse than the First Call consensus of $0.09, vs year-ago earnings of $0.21; revenues fell 20.3% to $263.03 mln from a year-ago of $330.02 mln.
Eclipsys Corp (ECLP) 24.75 +1.00: Reports Q1 earnings of $0.05 a share, in line with the First Call consensus of $0.05, vs year-ago earnings of $0.18; revenues fell 15.5% to $54.67 mln from a year-ago of $64.69 mln.
AES Corp (AES) 47.00 -1.00: Reports Q1 earnings of $0.42 a share, $0.04 better than the First Call consensus of $0.38, vs year-ago earnings of $0.38; revenues rose 50.1% to $2.55 bln from a year-ago of $1.70 bln.
Kenneth Cole (KCP) 26.24 -2.01: -- Update -- On conference call, says it is comfortable with Q2 guidance provided on company's Q4 earnings conference call-- revenue growth rate of 15% and EPS of $0.34 (First Call consensus is $0.33)... projecting 20% revenue growth for second half of year and EPS of $0.68 and $0.63 for Q3 and Q4 respectively (FY01 consensus estimate is $1.84).
NetIQ (NTIQ) 29.79 +0.89: Reports Q3 earnings of $0.14 a share, in line with consensus, vs yr-ago EPS of $0.16; revenues increased 250% to $38.13 mln (mean $37.5 mln).
Storage Tech (STK) 11.36 +0.09: Reports Q1 loss of $0.03 a share, $0.03 better than the First Call consensus of ($0.06); revenues rose 2.0% to $468.82 mln from a year-ago of $459.67 mln.
Intl Rectifier (IRF) 47.60 -1.40: Reports Q3 earnings of $0.73 a share, $0.01 better than the First Call consensus of $0.72, vs year-ago earnings of $0.38; revenues rose 39.4% to $275.99 mln from a year-ago of $197.96 mln. Company guides FY01 revenue growth range down to 20-25% from 25-30%; anticipates improving market conditions as soon as Sep qtr.
DDi Corp (DDIC) 23.05 +0.12: Reports Q1 earnings of $0.37 a share, $0.03 better than the First Call consensus of $0.34; revenues rose 86.9% to $140.71 mln from a year-ago of $75.28 mln. Company is currently targeting net sales in the range of flat to 10% growth for 2001, and adjusted EPS of $1.20 to $1.30 for the year, below the $1.44 consensus.
VerticalNet (VERT) 1.98 -0.04: Posts a Q1 loss of $0.30 a share, in line with consensus, vs a yr-ago loss of $0.18; revenues increased 185% to $36.7 mln... Projects Q2 loss of $0.22-$0.23 (mean est. -$0.25), on revenues of $32-$34 mln (mean est. $44 mln); sees full yr loss of $0.56-$0.60 (mean $0.73), with positive cash earnings in Q4; full yr revenues projected at $150-$160 mln (mean $217 mln).
Insight Enterpr (NSIT) 22.45 +0.57: Reports Q1 earnings of $0.34 a share, $0.01 better than the First Call consensus of $0.33, vs year-ago earnings of $0.30; revenues rose 19.3% to $557.50 mln from a year-ago of $467.30 mln.
Manhattan Assoc (MANH) 26.84 +2.79: Reports Q1 earnings of $0.17 a share, $0.02 better than the First Call consensus of $0.15, vs year-ago earnings of $0.10; revenues rose 27.3% to $36.08 mln from a year-ago of $28.34 mln. Sees Q2 revenues in the range of $37 to 41 mln and EPS in the range of $0.16 to $0.20 per fully diluted share, vs consensus of $0.18.
Western Multiplex (WMUX) 7.88 -0.12: Reports Q1 earnings of $0.03 a share, $0.02 worse than the First Call consensus of $0.05, vs year-ago earnings of $0.02; revenues rose 120.8% to $37.59 mln from a year-ago of $17.02 mln. Company sees Q2 revenues flat, but expects full year revenue growth to hit 70-80% growth target.
Herman Miller (MLHR) 26.06 +0.83: Company warns that Q4 earnings will be on the low-end of the $0.37-$0.43 range provided during its Q3 conference call; current consensus estimate is $0.40.
Brightpoint (CELL) 3.95 +0.42: Reports Q1 earnings of $0.03 a share, in line with the First Call consensus of $0.03, vs year-ago earnings of $0.17; revenues rose 2.7% to $477.77 mln from a year-ago of $465.33 mln.
barnesandnoble.com (BNBN) 2.06 +0.15: Reports Q1 loss of $0.21 a share, $0.01 better than the First Call consensus of ($0.22); revenues rose 23.1% to $109.04 mln from a year-ago of $88.61 mln. Company sees Q2 sales of $90-100 mln and full year at $420-475.
Peregrine Sys. (PRGN) 25.14 +1.42: Reports Q4 net of $0.16 a share, in line with consensus, vs yr-ago EPS of $0.09; revenues increased 124% to $171 mln.
Kenneth Cole (KCP) 26.24 -2.01: Reports Q1 earnings of $0.21 a share, $0.01 better than the First Call consensus of $0.20, vs year-ago earnings of $0.35. Revenues increased 2.7% to $97.2 million from $94.7 million in the year-ago quarter.
Aware (AWRE) 8.10 +0.59: Reports Q1 earnings of $0.09 a share, in line with the First Call consensus of $0.09, vs year-ago earnings of $0.10; revenues rose 25.2% to $8.22 mln from a year-ago of $6.56 mln. Company says, "...excess ADSL chip inventory and central office service capacity still needs to be absorbed by the market. We expect that because of this, despite growing demand for ADSL service, there will be a reduced demand for chipsets in the short term."
Amkor Tech (AMKR) 18.85 -0.40: Reports Q1 loss of $0.21 a share, $0.04 better than the First Call consensus of ($0.25), vs year-ago earnings of $0.34; revenues fell 13.4% to $480.62 mln from a year-ago of $554.81 mln. Company expects Q2 revenues to fall 10-15%; or roughly $409-433 mln vs consensus of $482 mln.
Adaptec (ADPT) 9.07 -0.54: Reports Q4 earnings of $0.06 a share, $0.05 better than the First Call consensus of $0.01, vs year-ago earnings of $0.49; revenues fell 30.1% to $148.99 mln from a year-ago of $213.06 mln.
Art Tech Grp (ARTG) 7.85 +0.3: Posts a Q1 loss of $0.19 a share, 2 cents better than consensus, vs a yr-ago loss of $0.01; revenues increased 98.7% to $42.85 mln. Expects flat to modest top-line growth and moderate bottom-line improvement in Q2; sees return to profitability during Q4... Announces resignation of CFO.
Proxicom (PXCM) 4.33 +0.43: -- Update -- Company to be acquired by Compaq (CPQ) for $266 mln, or $5.75 in cash, a 33% premium to today's close.
Amgen (AMGN) 55.90 -2.5: Reports Q1 earnings of $0.28 a share, a penny better than consensus, vs yr-ago EPS of $0.25; sales rose 14% to $798 mln. Company lowers growth rate guidance for 2001 to low-teens from mid-teens due to Aranesp launch delay.
Proxicom (PXCM) 4.33 +0.43: Company to be acquired Compaq (CPQ). Details to follow.
VeriSign (VRSN) 46.22 -0.38: Reports Q1 earnings of $0.23 a share, $0.10 better than the First Call consensus of $0.13, vs year-ago earnings of $0.02; revenues rose 526.4% to $213.41 mln from a year-ago of $34.07 mln. No forward guidance offered in press release.
Interpublic Grp (IPG) 36.34 -0.16: Reports Q1 earnings of $0.21 a share, in line with the First Call consensus of $0.21, vs year-ago earnings of $0.21; revenues rose 6.3% to $1.30 bln from a year-ago of $1.23 bln. CEO says, "Looking forward, we remain cautious about revenue comparisons in 2001, particularly in the first half of the year." Company is raising diluted share count and now expects to generate EPS of $1.40-1.45 in 2001 (vs $1.67 consensus), assuming no deterioration in economic activity.
Starbucks (SBUX) 39.68 -0.05: Reports Q2 earnings of $0.16 a share, in line with the First Call consensus of $0.16, vs year-ago earnings of $0.12. Revenues increased 24% to $629 million from $507 million. Company sees comparable store sales expectations in low single digits in light of current economic trends. Company also adjusted its full year, total revenue growth target from 25% to 23-25% with a monthly total revenue growth range of 20-25% for the remainder of fiscal 2001.
ALZA Corp (AZA) 45.36 +0.81: Reports Q1 earnings of $0.23 a share, $0.01 better than the First Call consensus of $0.22, vs year-ago earnings of $0.15; revenues rose 47.9% to $298.10 mln from a year-ago of $201.50 mln.
Digital Insight (DGIN) 9.80 +0.40: Reports Q1 loss of $0.19 a share, $0.01 better than the First Call consensus of ($0.20); revenues rose 133.8% to $20.42 mln from a year-ago of $8.73 mln. Guidance for Q2 and full year EPS is roughly in line with current expectations.
Alliance Semi (ALSC) 13.22 +0.32: Reports Q4 loss of $0.02 a share, $0.06 worse than the First Call consensus of $0.04, vs year-ago earnings of $0.05; revenues rose 14.4% to $32.99 mln from a year-ago of $28.83 mln.
Corning Inc (GLW) 21.00 -0.98: -- Update -- Reports Q1 earnings of $0.29 a share, $0.01 better than the First Call consensus of $0.28, vs year-ago earnings of $0.23; revenues rose 42.2% to $1.92 bln from a year-ago of $1.35 bln. Company guiding Q2 lower to $0.18-0.21 vs consensus of $0.29 and revenues to $1.8-1.9 bln vs $2.0 bln consensus. Full year EPS now seen at $0.90-1.00 vs consensus of $1.19. Laying off another 1,000 workers.
Vignette (VIGN) 6.87 +0.12: Reports Q1 loss of $0.01 a share, in line with the First Call consensus of ($0.01), vs year-ago of breakeven; revenue was $90.1 million, representing 63% growth over the first quarter of 2000.
Modem Media (MMPT) 3.90 +0.49: Reports Q1 net of breakeven, , $0.01 worse than the First Call consensus of $0.01, vs year-ago of breakeven; revenues rose 17.1% to $33.43 mln from a year-ago of $28.54 mln.
Corvis (CORV) 7.80 -0.55: Company reports loss of $0.07, in line with estimates. Revenues of $84.1 mln were well ahead of estimates for $61 mln. |
