Warnings upon warnings tonight...read them and weep...
19:07 ET AGN Allergan to focus on ALPHAGAN P (62.10 -2.15)
Company to focus manufacturing, sales and marketing efforts on ALPHAGAN P (Brimonidine tartrate ophthalmic solution) 0.15% due to overwhelming adoption of the improved brimonidine solution; also plans to discontinue U.S. distribution of Alphagan (Brimonidine tartrate ophthalmic solution) 0.2%.
18:46 ET BOBE Bob Evans affirms Q1 guidance; June same-store sales fall (30.71 +0.40)
Company remains comfortable with previous Q1 (Jul) EPS guidance of approximately $0.55 vs Multex consensus of $0.53; also says same-store sales in "core" restaurants for month of June decreased 1.4% from comparable period year ago.
18:16 ET IDT IDT Corp interest in MCI/WorldCom units (16.42 -0.41)
Update to 17:12 Comment-- Tonight, IDT will release details of two formal offers for two different units of MCI/WorldCom; first offer is for WorldCom's MFS Network and Brooks Fiber, Inc.; second offer for MCI's consumer and small business long distance telephone unit.
17:51 ET BELM Bell Micro warns for Q2 (7.61 -0.19)
Company warns that Q2 (Jun) EPS will be loss of $0.21-0.23 vs Multex consensus of $0.01 loss; revs of approximately $490 mln (consensus $534 mln); citing sales lower than planned in all geographies.
17:42 ET After Hours Indications
The late session tone is flat. S&P futures at 949, trade even with fair value while the Nasdaq 100 after hours indicator is lower by 0.7 points.
17:37 ET CCRD Concord updates guidance (14.88 -0.38)
Sees Q2 revs $22.5-$23.0 mln vs the current Multex consensus estimate for revs of $25.6 mln; sees Q2 cash rising $2 mln to $73 mln; expects Q2 earnings of breakeven to $0.02 profit vs current consensus estimate for earnings of $0.06 per share.
17:35 ET DFIB Cardiac Science seeks to increase authorized shares (3.51 +0.01)
Hearing from traders citing Dow Jones that company seeks to increase authorized shares to 160 mln versus the 100 mln currently authorized.
17:28 ET After Hours Movers
Prices vs 4 pm ET close -- RIMM +1.04, WCOME +0.02, OPWV -1.16, ITWO -0.15, PLCM -3.80, MUSE -0.59
17:23 ET CAO CSK Auto completes public stock offering (13.45 -0.12)
Company announces it has completed an offering of 9,478,300 shares of its common stock, consisting of 6,878,300 newly issued shares sold by the Company and 2,600,000 shares sold by Glenellen Investment; shares were issued at a public offering price of $12.00 per share.
17:20 ET RIMM Research In Motion updates guidance (10.46 -0.33) -- Update --
Hearing from sources on company's conference call that company sees Q2 revs in the range of $75-$80 mln vs the current Multex consensus estimate for revs of $76.1 mln; expects Q3 net loss in the range of $0.07-$0.12 per share vs the current consensus estimate for a net loss of $0.19 per share -- sees FY03 revs in the range of $350-$375 mln vs the current consensus estimate for revs of $359.9 mln.
17:15 ET After Hours Indications
The late session tone is modestly negative. S&P futures at 948, trade one point below fair value while the Nasdaq 100 after hours indicator is lower by 0.5 points.
17:12 ET WCOME WorldCom's MCI unit draws interest from IDT Corp (0.10 +0.04)
Hearing from traders citing Dow Jones that IDT Corp (IDT) chairman has expressed interest in WorldCom's MCI unit for $2 billion.
17:06 ET MUSE Micromuse warns for Q3 (4.04 +0.01)
Sees Q3 revs of approximately $35 million vs the current Multex consensus estimate for revs of $38.3 million; expects Q3 earnings of $0.01 per share vs the current consensus estimate for earnings of $0.03 per share; cash, cash equivalents and investments are expected to be in the range of $194 to $195 million.
17:03 ET ILA Aquila reaffirms FY02 guidance (7.35 -0.65)
Company reaffirms FY02 guidance for earnings in the range of $1.30-$1.40 per share vs the current Multex consensus estimate for earnings of $1.27 per share; says it was surprised by the reduced earnings guidance issued by Quanta Services (PWR), which it expects to negatively impact Aquila's full-year results by approximately $.05 per share; expects to make up the difference through reduced costs .
16:57 ET PLCM Polycom resumes trading (10.90 -0.22) -- Update --
PLCM -2.85 vs the 4 pm ET close to 8.05
16:47 ET API Data week ended June 28
U.S. crude stocks up 2.661 mln bbl; U.S. distillate stocks down 1.046 mln bbl; U.S. gasoline stocks down 1.298 mln bbl; U.S. refinery runs 95.4% vs 93.7% last week.
16:42 ET After Hours Movers
Prices vs 4 pm ET close -- RIMM +0.65, WCOME +0.02, OPWV -1.16, EPNY -0.05
16:39 ET OPWV Openwave to hold conference call at 5 PM (4.66 -0.40) -- Update --
Co will hold a conference call today at 5:00 PM ET (dial-in: 888-423-3281).
16:37 ET ITWO i2 Tech to hold conference call at 5 PM (1.50 +0.03) -- Update --
Co will hold a conference call today at 5:00 PM ET (dial-in: 888-276-0005).
16:34 ET PLCM Polycom guides Q2 below consensus (10.90 -0.22) -- Update --
Announces that it expects Q2 rev of $124-$126 mln and pro forma EPS of $0.13-$0.14, vs the Multex consensus of $140.5 mln and $0.20.
16:33 ET WCOME WorldCom: may sell assets in Japan, South America (0.10 +0.04)
Hearing from traders citing Dow Jones that company may try to sell assets abroad; CEO says "very unlikely" banks will accelerate notes; bankruptcy will depend on banks' decisions.
16:30 ET PLCM Polycom halted-- news pending (10.90 -0.22)
16:25 ET ITWO i2 Tech guides Q2 revenue below consensus (1.50 +0.03) -- Update --
Announces that it expects Q2 rev of $117-$120 mln, well below the Multex consensus of $150.4 mln; co attributes their revised guidance primarily to a decline in license rev, which "reflects the global market trends of very constrained technology spending and more specific weakness in the markets the co serves."
16:22 ET VVTV ValueVision announces additional $25 mln buyback plans (16.12 -0.68)
16:11 ET MWY Midway Games warns for Q2, full year (7.99 -0.13)
Sees Q2 revs in the range of $28-$30 mln vs the current Multex consensus estimate for revs of $54.7 mln; sees full year revs in the range of $295-$310 mln vs the current consensus estimate for revs of $322 mln.
16:10 ET EMBT Embarcadero guides Q2 below consensus, increases buyback (5.03 -0.97)
Announces that it expects Q2 pro forma EPS of $0.04-$0.05 and expects rev of $11.8-$12.0 mln, vs the Multex consensus of $0.06 and $12.8 mln. Co also announces that its Board has authorized increasing the co's stock repurchase program by up to an additional 2 mln shares.
16:10 ET RIMM Research In Motion beats by 5 cents (10.46 -0.33) -- Update --
Reports Q1 loss of $0.14, $0.05 better than the Multex consensus; revs were $71.6 mln, vs consensus of $70.0 mln.
16:09 ET KANA Kana Software lowers Q2 outlook (3.56 +0.04)
Guides Q2 revenues to approx. $17 mln, below the current Multex consensus of $26.10 mln. KANA expects to post a $24-30 mln loss for the qtr, including approx. $14-$18 mln resulting from the reassessment of a long-term project. Analysts had expected a profit for the qtr.
16:08 ET OPWV Openwave warns for Q4 (4.66 -0.40)
Company sees Q4 revenues in the range of $64 million to $71 million vs the current Multex consensus estimate for revenues of $82.5 million; expects Q4 pro forma loss of approximately $0.17 to $0.22 per share vs the current consensus estimate for a net loss of $0.09 per share -- net cash used in continuing operations during Q4 is expected to be between $0.0 and $5.0 million; as of June 30, 2002, the company had cash, cash equivalents, short-term and long-term investments of approximately $285 million.
16:07 ET INRG INRANGE warns for Q2 (4.35 -0.40)
Expects to post a Q2 net loss of $0.01-$0.03 on revenues of $50-$52 mln (Multex consensus $0.02 and $61.98 mln). Blames shortfall on continuing weakness in IT spending.
16:06 ET EPNY E.piphany guides Q2 below consensus (3.68 -0.20)
Announces that its Q2 net loss is not expected to exceed ($0.18) and expects rev of $19.0 mln, vs the Multex consensus of ($0.16) and $23.7 mln.
16:03 ET ITWO i2 Tech halted -- news pending (1.50 +0.03) |
