Warnings galore:
Quantum DLT (DSS) 11.91 -0.54: Company warns for Q4, revenues expected to decline approximately 20% from Q3's $369.27 mln; EPS to be $0.20-0.22 vs consensus mean estimate of $0.24. DSS cites general slowdown in IT spending; see press release.
Qualstar (QBAK) 6 1/2 -3/16: Company warns for Q3; sees EPS of $0.11-0.12; current EPS estimate is $0.19; expects revenues to be $11.4-12.4 mln, or approximately 20% to 25% below previous guidance. QBAK cites global economic slowdown affecting the demand for networking, communications and server equipment; see press release.
Aspect Comms (ASPT) 8 7/16 -9/16: Company warns for Q1; sees revenues of $110-115 mln vs previous guidance of $150-153 mln; consensus estimate is $148.12 mln. Net loss estimated to be $37-41 mln; current EPS estimate is ($0.16); see press release.
Nike (NKE) 38.03 +1.73: Reports Q3 earnings of $0.35 a share, in line with the First Call consensus of $0.35, vs year-ago earnings of $0.52; revenues rose 0.4% to $2.17 bln from a year-ago of $2.16 bln; see press release.
TrueTime (TRUE) 2 9/16 unch: Company warns for Q2; sees loss of $0.07-0.09 per share; current EPS estimate is $0.03 profit. TRUE cites the timing of government orders anticipated in Q2 and soft order levels in commercial markets that are associated with an overall downturn in the U.S. economy; see press release.
PLX Tech (PLXT) 5 1/2 +1/32: Company warns for Q1; sees revenues of about $12.2-13.0 mln; estimate is $16.2 mln; current EPS estimate is $0.06; cites industry-wide inventory correction; see press release.
Powerwave Tech (PWAV) 14 3/16 -1 1/4: -- Update -- Company announces agreement with Motorola (MOT) to become the exclusive supplier of ultra-linear high-powered multi-carrier RF power amplifiers for use in Motorola's SC4812T cellular base stations; see press release. PWAV also announces a deal with Lucent (LU) to supply high-powered multi-carrier RF power amplifiers for use in Lucent's cellular band wireless base stations; see press release.
Powerwave Tech (PWAV) 14 3/16 -1 1/4: Company warns for Q1; sees revenues of $70-80 mln; current estimate is $107.7 mln. PWAV sees reporting a loss for the quarter; current EPS estimate is $0.06. PWAV cites significant order quantity reductions and delivery push-outs for the majority of 2G single carrier products; see press release.
Herman Miller (MLHR) 25 +13/16: Reports Q3 earnings of $0.43 a share, in line with the First Call consensus of $0.43, vs year-ago earnings of $0.40; revenues rose 12.6% to $538.40 mln from a year-ago of $478.20 mln. Company warns for Q4; sees EPS of $0.37-0.43; current EPS estimate is $0.55; see press release.
Applied Micro (AMCC) 19 1/16 -3 11/16: Regarding earlier In Play comment about rumors that AMCC guided lower today, we are now hearing from sources that the company, while not guiding lower, did express considerable caution about the macroeconomic outlook, and that this might lead to some further reduction in analysts' estimates, particularly for the June qtr.
Cognex Corp (CGNX) 21 7/16 -7/16: Company warns for Q1; sees revenues of $42-45 mln and EPS of $0.10-0.13 vs consensus mean of $0.17. Company cites delays and cutbacks in capital equipment spending by manufacturers in the semiconductor and electronics industries, as well as a slowdown in orders from customers in a variety of industries whose businesses are being impacted by the softening economy; see press release. |
