"we will be told fraudulent information (earnings)"
18:46 ET Swift Transportation guides below consensus (SWFT) 16.98 -0.52: Co sees Q1 earnings in the range of $0.07-$0.11 (Multex consensus $0.15). SWFT estimates that higher fuel prices (up $0.45/gallon from yr-ago), increased operating costs and bad weather will have an $0.08 impact on Q1 results.
18:42 ET Ethan Allen updating guidance to reflect weather, war (ETH) 30.34 -0.14: Co guides Q3 to a range of $0.51-$0.53 (Multex consensus $0.58). ETH attributes shortfall to severe winter weather, weakness in consumer confidence, and consumer concerns over the war issues. Earlier this month, ETH cautioned that bad weather would impact Q3 and Q4 results.
18:35 ET Textron provides specific guidance following last week's warning (TXT) 28.57 +0.07: Co now sees Q1 earnings of $0.51-$0.53 and full yr of $2.40-$2.60 vs previous guidance of $0.50 and $3.05, respectively. Last week, TXT announced it would be reducing guidance due to weaker Cessna Aircraft outlook, but did not give detailed guidance.
18:28 ET Kennametal cuts outlook (KMT) 31.07 +0.46: Manufacturer of tooling systems warns that Q3 earnings will come in between $0.33 and $0.35 (ex-items) -- Multex consensus $0.48. For the full yr, KMT sees EPS of $1.30-$1.40 (consensus $1.70). KMT blames a sharp decline in sales beginning in the middle of March.
18:23 ET Hilton Hotels lowers guidance (HLT) 11.79 +0.27: Co guides Q1 to a range of $0.00-$0.01 (Multex consensus $0.04). For the full yr, HLT sees earnings in the "high $0.30s" (consensus $0.43). HLT notes that visibility remains extremely low, and that the new estimates remain subject to change and could be further impacted by world events.
18:02 ET Lucent to settle class action suits for $315 mln (LU) 1.48 -0.04: Co has reached an agreement to settle all pending shareowner and related litigation. The agreement is a global settlement of what were 54 separate lawsuits. LU expects to record a charge of $420 mln, or $0.11 per share, related to the settlement.
16:46 ET Enterasys reports Q4 results; guides Q1 revs lower (ETS) 2.00 +0.03: Reports Q4 (Feb) loss of $0.15 per share, ex items, revenues came in at $121.2 mln vs the $121.4 mln consensus; sees Q1 revs down 6-10% sequentially which amounts to revs in the range of $109.1-$113.9 mln -- Multex consensus estimate is for revs of $119.7 mln. |
