From briefing.com
17:19 ET Digital Lightwave (DIGL) 5.66 -0.24: Announces it has reduced its work force by approximately 40 employees and consultants, and the salaries of all executives of the company will be temporarily reduced by up to 20%; these reductions are part of Digital Lightwave's cost-cutting program previously announced on October 2nd; see press release.
17:14 ET Harley-Davidson (HDI) 42.59 +0.09: Reports Q3 (Sep) earnings of $0.36 per share, $0.03 better than the Multex consensus of $0.33; revenues rose 19.1% year/year to $850.8 mln vs the $834.6 mln consensus; Harley-Davidson retail sales through September grew in the U.S. and in Japan, up 14.9% and 7.5%, respectively compared to the same period last year; Harley-Davidson retail sales in Europe were down 4.3 % through September compared with the year ago period. see press release.
17:11 ET Walter Inds (WLT) 10.71 +1.11: Company issues upside preannouncement for Q3 (Sep); sees Q3 earnings near the mid-point of its previously announced range of $0.28-$0.33 per share versus the current consensus estimate of $0.28 per share; will incur a one-time pre-tax charge of $10.8 million in the third quarter principally related to a mine accident; see press release.
17:06 ET Avaya (AV) 10.70 -0.15: Company warns for Q4; expects earnings in the range of $0.03-$0.04 per share versus the current consensus estimate of $0.10 per share; expects revenues to come in roughly 30% lighter than the year-ago period; see press release.
16:57 ET Lam Research (LRCX) 16.79 -1.91: -- Update -- On call, says that cancellations have declined significantly from March and June quarters, but CEO indicates that he wouldn't begin to prophesy whether the Sept. qtr. marked a bottom for LRCX because he just doesn't know at this point... separately, 23% of bookings for calendar 2001 are expected to be 300mm... LRCX +1.01
16:56 ET HotJobs.com (HOTJ) 6.37 +0.02: Company warns for Q3 (Sep); sees results in the range of a net loss of $0.02 to breakeven versus the current consensus estimate of $0.04 per share; expects its acquisition by TMP Worldwide to close during the fourth quarter of 2001, and therefore will issue no further guidance for its financial results; see press release.
16:49 ET Lam Research (LRCX) 16.79 -1.91: -- Update -- On call, says it expects revenues of approximately $260 mln in Dec. qtr. (Multex consensus is $269.46 mln) with break-even results (Multex consensus is profit of $0.06)... anticipates bookings to be up modestly from Sept. qtr.... Q&A just began... LRCX +0.60
16:49 ET After Hours Indications : The late session carries a slightly positive bias. S&P futures at 1060, trade two points above fair value while the Nasdaq 100 after hours indicator is higher by 1.2 points.
16:46 ET Lam Research (LRCX) 16.79 -1.91: -- Update -- On conference call, company notes that revenues were down from the June qtr. in all regions except Europe... said that tax rate decline for Sept. qtr. yielded an additional $0.04 per share... LRCX +0.86 after hours
16:44 ET Brooks Automation (BRKS) 30.82 -2.10: Company announces it has completed its acquisition of of Tec-Sem AG; transaction will be accounted for as a purchase of assets in exchange for a combination of cash and Brooks' Common Stock totaling approximately $20 million; see press release.
16:41 ET Guidant Corp (GDT) 39.46 +0.25: Announces CE Mark approval and first implants of its newest pacemaker line.
16:40 ET Cardinal Health (CAH) 73.50 -0.45: -- Update -- Company expects to meet analysts' estimates for SeptQ (Q1) of $0.55 a share; reiterates previous guidance for earnings per share growth of 20%-22% for yr ending June 2002.
16:39 ET KEMET Corp (KEM) 16.28 -0.12: Company reaffirms current quarter; formal release says company anticipates announcing earnings for the quarter "that approximate analysts' consensus estimates." current consensus estimate is for operating results of break even; see press release.
16:37 ET After Hours Movers : Prices vs 4 pm close... LRCX +1.27 bidding up after exceeding the consensus by five cents; RATL -0.02 selling off modestly after missing by two cents; PCLN +0.02 edging higher after it announces its intent to exercise its option to take a 49% stake in PricelineMortgage.
16:37 ET Limited (LTD) 10.55 -0.03: Retailer reports a 10% decline in Sept same-store sales, and warns recent events will negatively impact earnings by approx. $0.03; says sales excluding week of Sept 11 were essentially in line with expectations... Affiliate Intimate Brands (IBI) reports 13% decline in Sept same-store sales.
16:31 ET Capstone Turbine (CPST) 5.00 -0.02: Company warns of a Q3 loss in the $0.16-$0.18 range (mean -$0.12), on rev of just $3.2-$3.4 mln (mean $12.2 mln); expects a negative gross margin for the qtr and cash burn of $19 mln; expects to end qtr with over $180 mln in cash.
16:30 ET Crompton (CK) 7.36 +0.26: Company warns for Q3 (Sep); expects operating results of "about breakeven" versus the current consensus estimate of $0.07 per share; sees Q3 sales of $650 mln versus the consensus estimate of $691 mln; cites a decline in polymer processing equipment sales of approximately 50% versus last year, due to severe cutbacks in domestic capital spending; see press release.
16:28 ET Extended Systems (XTND) 3.88 +0.08: Company reaffirms financial guidance issued on July 31; sees net rev of $5.4-$5.7 mln and operating loss of $2.8-$3.0 mln; expects to end the qtr with a bit more than $5 mln in cash.
16:22 ET TranSwitch (TXCC) 3.22 -0.24: Enters alliance agreement with Samsung Electronics making TranSwitch a preferred supplier and a strategic partner of the Samsung Network Broadband Division for the development of their next generation networking solutions.
16:21 ET Stanford Micro (SMDI) 4.49 -0.08: Company warns for Q3 (Sep); expects net loss in the range of $0.09-$0.11 per share versus the consensus estimate for a net loss of $0.03 per share; company changes its name to Sirenza Microdevices; see press release.
16:21 ET Nordstrom (JWN) 15.17 -0.29: Company warns that Q3 earnings will post between $0.03 and $0.06 vs previous guidance of $0.17-$0.20 (current mean $0.13); has implemented job cuts in attempt to bring staffing levels in line with current business trends.
16:16 ET Rational Sftwr (RATL) 11.43 -0.02: -- Update -- Reports Q2 net of $0.05 a share, $0.02 worse than the Multex consensus, vs yr-ago EPS of $0.17. Rev fell 12.7% to $163.7 mln (mean $173.3 mln); says macro-economic environment and terrorist attacks presented company with significant challenges during the qtr.
16:16 ET Autonomy (AUTN) 3.41 +0.16: Company warns for Q3 (Sep); expects revenue in the range of $9.8-$11.0 mln versus the consensus estimate of $14.8 mln; sees earnings in the range of -$0.01-$0.01 per share versus the current consensus estimate of $0.02 per share; see press release.
16:13 ET EXFO (EXFO) 9.13 -0.57: -- Update -- Company reports Q4 earnings of $0.06 per share, in line with the consensus estimate; reports Q4 revenues of $35.4 mln versus the consensus estimate of $39.8 mln; company warns for Q1; sees operating results ranging from a loss of $0.02 to earnings of $0.02 and revenues in the range of $24-$28 mln; current Q1 consensus estimate are for earnings of $0.07 on revenues of $39.1 mln; see press release.
16:12 ET Lam Research (LRCX) 16.79 -1.91: -- Update -- Company reports Q1 earnings ex-items of $0.21 per share; $0.05 better than the consensus; reports Q1 revenues of $339.6 mln versus the consensus estimate of $323.3 mln; shipments for the quarter were approximately $133 million; see press release.
16:11 ET priceline.com (PCLN) 3.42 -0.09: Company to exercise its option to take a 49% stake in PricelineMortgage; says profitable company will be consolidated with priceline.com's financial results in Q4; expects PricelineMortgage to be financially accretive to the business, but not material to results at this time.
16:08 ET DDi Corp (DDIC) 7.25 -0.65: Company warns of a Q3 loss of $0.03-$0.05 vs $0.01 profit anticipated by analysts; puts rev at approx. $70 mln (mean $69.25 mln). Announces retirement of both the VP of Operations and VP of Sales.
16:00 ET American Express (AXP) 29.00 +1.56 (+5.7%): Hearing that company won a court ruling that will allow banks to issue rival credit cards other than Visa and Master card. |
