From briefing.com...
16:22 ET Avaya (AV) 9.79 +0.14: Reports Q1 EPS of ($0.08), $0.01 better than consensus; revs decreased 26.8% to $1.31 bln, in line with consensus of $1.30 bln. Co sees flat sequential rev in Q2, with a variance of +/- 4% (about in line with consensus of $1.35 bln), and expects to return to profitability no later than the end of FY02.
16:21 ET Scientific-Atlanta (SFA) 23.80 -0.18: Posts Q2 net of $0.25 a share, $0.03 better than consensus, vs yr-ago EPS of $0.42. Sales declined 34% to $418.2 mln (consensus $394.2 mln). Excluding items, EPS for the qtr was $0.26.
16:20 ET Keynote Sys (KEYN) 9.24 +0.03: Reports Q1 (Dec) loss of $0.10, five cents better than the Multex consensus of ($0.15); revenues were $9.6 mln vs the consensus of $8.7 mln; company expects Mar qtr revenues of $9.0-9.5 mln vs consensus of $8.8 mln.
16:18 ET Transmeta (TMTA) 2.19 -0.16: Reports Q4 (Dec) loss of $0.18 per share, in line with the Multex consensus of ($0.18); revenues fell 88.2% year/year to $1.5 mln vs the $1.0 mln consensus; guides lower on revenues; sees Q1 revenue in the range of $3.5-$4.0 mln versus the current consensus estimate of $4.5 mln.
16:16 ET IBM (IBM) 119.90 +2.65: -- Update -- Hearing talk of some disappointment with the revenue numbers (about $1 bln shy of estimates), particularly given the optimism and upgrades ahead of this report.
16:14 ET Powerwave Tech (PWAV) 17.95 +2.07: Reports Q4 (Dec) loss of $0.06 per share, in line with the Multex consensus of ($0.06); revenues fell 30.4% year/year to $84.4 mln vs the $73.2 mln consensus; no formal guidance issued with report.
16:14 ET Genesis Microchip (GNSS) 68.21 +3.81: -- Update -- Stock falls $64 in extended hours trading.
16:11 ET IBM (IBM) 119.90 +2.65: -- Update -- Reports Q4 (Dec) earnings of $1.33, a penny better than the Multex consensus of $1.32; revenues were $22.8 bln, below the consensus of $23.7 bln; company says business conditions remain difficult.
16:11 ET Genesis Microchip (GNSS) 68.21 +3.81: -- Update -- Posts Q3 net of $0.42 a share, $0.08 better than consensus. Rev rose 188% to $49.8 mln, well above $41.1 mln consensus. Sees modest sequential growth in MarQ rev to roughly $50 mln (consensus $41.2 mln).
16:10 ET Nortel Networks (NT) 7.74 +0.49: Sees Q1 revs 10% lighter than Q4; this amounts to guidance for revs of $3.1 bln versus the current consensus estimate of $3.36 bln; sees profit in Q4 2002.
16:08 ET MRO Software (MROI) 25.13 +1.98: Reports Q1 (Dec) earnings of $0.08, seven cents better than the Multex consensus of $0.01; revenues were $46.5 mln, better than the $45.7 mln consensus. Company increases guidance for 2002 to $0.30-0.35 from prior guidance of $0.17-0.22 (consensus $0.22).
16:07 ET Molex (MOLX) 31.97 +0.81: Posts Q2 net of $0.12 a share, $0.01 worse than consensus, vs yr-ago EPS of $0.34. Rev fell 33.8% to $416.5 mln (consensus $433.38 mln). Co warns for Q3, reducing EPS and rev ranges to $0.09-$0.11 and $405-$415 mln vs consensus estimates of $0.16 and $443.5 mln.
16:06 ET Virage (VRGE) 3.22 +0.07: Reports Q3 EPS of ($0.20), $0.06 better than consensus; rev rose 53% to $5.0 mln, short of consensus of $5.13 mln. Due to an abnormally low conversion rate, the co warns of "guidance of approximately 5 to 15 percent lower revenue than last quarter."
16:05 ET Nortel Networks (NT) 7.74 +0.49: -- Update -- Company reports Q4 net loss before items of $0.16 per share, in line with the First Call consensus; reports Q4 revenues of $3.46 bln versus the consensus estimate of $3.5 bln.
16:04 ET Sage (SAGI) 38.81 +2.43: Reports Q3 (Dec) loss of $0.06, a penny better than the Multex consensus of ($0.07); revenues were $11.9 mln vs the one Multex estimate of $8.5 mln; SAGI has previously agreed to be acquired by GNSS in a transaction expected to close Feb 18.
16:04 ET Echelon (ELON) 13.20 +0.33: Reports Q4 net of $0.13 a share, in line with consensus, vs yr-ago EPS of $0.03. Rev rose 147% to $32.1 mln. |
