From Briefing.com: 4:52PM Novellus provides mixed Q4 guidance (NVLS) 26.13 -2.68: -- Update -- On call, says it expects Q4 EPS of $0.11 and revenues of $211 mln... Current Multex consensus estimates are $0.06 and $216.1 mln, respectively... NVLS -1.80 at 24.33
4:43PM Intel: CFO sees "soft demand in end mkts", Q4 PC demand at low end of forecast (INTC) 16.52 +1.42: -- Update --
4:37PM Nasdaq 100 after hours indicator -23 following Intel -11.5% :
4:36PM DoubleClick beats by a nickel, issues guidance (DCLK) 6.03 +0.05: Reports Q3 (Sep) earnings of $0.05 per share, $0.05 better than the Multex consensus of $0.00; revenues fell 19.5% year/year to $74.6 mln vs the $71.6 mln consensus. Expects Q4 pro forma EPS of ($0.01)-$0.01 and revs of $62-$66 mln, vs the Multex consensus of breakeven EPS and $71.6 mln in revs.
4:32PM Intel's Q4 guidance (INTC) 16.52 +1.42: -- Update -- Using the midpoint of Intel's Q4 revenue guidance, we arrive at an EPS estimate of roughly $0.12; the current consensus is $0.16.
4:27PM Intel capex cut driven by construction savings (INTC) 16.52 +1.42: -- Update -- It's notable that Intel says the majority of its capex reduction is due to cost savings with ongoing construction projects; Intel noted on its last earnings conference call that it could drive capex savings through savings on construction projects, and that appears to be the case here. There is an important distinction between capex savings due to reduced investment in new semi equipment and due to construction savings. The news here is not as bad for semi equip cos as it appears at first glance.
4:22PM Intel guides Q4 revs below consensus, cuts 2002 capex & gross margin forecast (INTC) 16.52 1.42: -- Update -- Expects Q4 rev to be $6.5-$6.9 bln, vs consensus of $6.9 bln, and expects 2002 capex to be about $4.7 bln, lower than the previous expectation of between $5.0-$5.2 bln. Gross margin for 2002 is expected to be about 49%, near the low end of the previous expectation of 51%.
4:20PM Applied Micro beats by a penny (AMCC) 3.67 +0.29: Reports Q2 (Sep) loss of $0.04 per share, $0.01 better than the Multex consensus of ($0.05); revenues fell 26.8% year/year to $30.2 mln vs the $29.8 mln consensus.
4:19PM Intel misses by 2 cents (INTC) 16.52 +1.42: Reports Q3 (Sep) earnings of $0.11 per share, $0.02 worse than the Multex consensus of $0.13; revenues fell 0.6% year/year to $6.50 bln vs the $6.50 bln consensus.
4:18PM INTC trades off 4% following earnings; AMAT falls 4.7% in sympathy :
4:17PM Intel reports Q3 EPS of $0.11, below consensus (INTC) 16.52 +1.42: -- Update --
4:17PM Mercury Computer beats by $0.01; maintains full yr outlook (MRCY) 24.09 +1.89: Reports Q1 earnings of $0.19 per share, $0.01 better than the Multex consensus. Revs rose 13.1% year/year to $39.4 mln vs the $38.1 mln consensus. For Q2, co sees EPS of $0.18-$0.22 on revs of $40-$43 mln (consensus $0.21/$41.17 mln). MRCY continues to expect full yr 2003 earnings of $0.90-$1.00 on revs of $170-$175 mln (consensus $0.94/$172.38 mln).
4:15PM Cadence Design reports in line Q3, issues guidance (CDN) 11.69 +0.27: Reports Q3 (Sep) earnings of $0.15 per share, in line with the Multex consensus of $0.15; revenues fell 9.1% year/year to $327.2 mln vs the $320.2 mln consensus. Expects Q4 EPS of $0.14-$0.16 and 2003 EPS of $1.00, vs consensus of $0.17 and $0.94, respectively; co also expects to see strength in software and continued weakness in services, and expects its subscription bookings to grow from 60% of the mix of product bookings in Q3 to between 70-80% going forward.
4:15PM Plantronics beats by a penny (PLT) 18.00 +0.57: Reports Q2 (Sep) earnings of $0.24 per share, $0.01 better than the Multex consensus of $0.23; revenues rose 9.4% year/year to $82.4 mln vs the $81.7 mln consensus; sees revenues for the third quarter in the range of $83-87 million; earnings per share for the third are estimated to be in the range of $0.17 - $0.20 -- Multex consensus estimates are $0.22 per share and $84.2 million respectively.
4:11PM NVLS trades off 2% to $25.57; AMAT fractionally lower :
4:10PM Advent Software misses estimates (ADVS) 11.50 +0.35: Reports Q3 (Sep) loss of $0.25 per share, $0.13 worse than the Multex consensus of ($0.12); revenues fell 10.5% year/year to $35.1 mln vs the $35.3 mln consensus.
4:10PM Novellus beats by 2 cents (NVLS) 26.13 2.68: Reports Q3 (Sep) earnings of $0.11 per share, $0.02 better than the Multex consensus of $0.09; revenues fell 24.1% year/year to $230.5 mln vs the $229.0 mln consensus. "The weak macroeconomic conditions and anemic demand have had a negative impact on our business in the second half of the year. Despite the economic malaise and resulting slowdown in demand from our customers, we remain committed to profitability and more importantly, generating cash from operations."
4:07PM Internet Security beats by a penny, guides Q4 above consensus (ISSX) 16.20 +0.30: Reports Q3 (Sep) earnings of $0.12 per share, $0.01 better than the Multex consensus of $0.11; revenues rose 17.3% year/year to $61.8 mln vs the $61.0 mln consensus. Expects Q4 pro forma EPS of $0.14-$0.16 on revs of $64-$68 mln, vs consensus of $0.13 and $64.8 mln.
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