OK, we're in mid-August now......
16:20 ET Brocade reports in line, ex items (BRCD) 5.51
+0.04: Reports Q3 (Jul) non-GAAP earnings of $0.01 per
share, excluding deferred stock compensation related to
acquisition of Rhapsody Networks, Inc., in line with the
Reuters Research consensus of $0.01; revenues fell 11.7%
year/year to $133.5 mln vs the $134.7 mln consensus.
<Greg Reyes, Brocade Chairman and CEO <said>>, "Although
the economic environment continues to be challenging,
storage area networking remains an important area of IT
investment as companies optimize their storage, server and
application infrastructures to reduce cost and improve
productivity. The actions that we have taken over the last
several quarters have resulted in a more efficient and
flexible business model more closely aligned with our go to
market strategy. Moving forward, we are confident of our
market position, and believe that we are well positioned
for continued revenue and earnings growth."
biz.yahoo.com
ET Brocade guides Q4 EPS in line with consensus estimate
(BRCD) 5.51 +0.04: -- Update -- According to Bloomberg.com,
BRCD said it sees Q4 (Oct) EPS of $0.02, excluding costs,
as compared to the Reuters Research consensus esimtate of
$0.02. BRCD also <warns> expects Q4 revenues of $134-139
mln (consensus of $140.9 mln) and gross margins of 53-55%.
<yesterday> 16:59 ET Applied Materials warns for Q4 EPS
(AMAT) 18.45 +0.11: -- Update -- On conference call, AMAT
says it sees Q4 (Oct) EPS of $0.04-0.05, excluding items,
and revenues "flat to slightly up" from Q3's result of
$1.09 bln... The Reuters Research consensus estimates are
set at $0.06 and $1.21 bln, respectively... Management adds
that it looks for Q4 orders to be up by approximately 10%
from Q3's figure of $1.05 bln.
17:10 ET Applied Materials comments on CY03 capex spending
(AMAT) 18.45 +0.11: -- Update -- On call, AMAT says it look
for CY03 (Dec) capex spending to be "flat to slightly
above" CY02 levels, which assumes an uptick in the second
half of the year.
16:25 ET Interpublic reports, withdraws previous guidance
(IPG) 13.70 +0.40: -- Update -- Reports Q2 (Jun) loss of
$0.04 per share, including restructuring charges. Note:
this is not comparable to Reuters Research consensus, we
are in touch with R.R for correct comparison... Revenues
rose 0.6% year/year to $1.50 bln vs the $1.56 bln
consensus... Co says "In light of a complex set of
variables, and a business environment that remains
challenging, the company has decided to withdraw previous
earnings guidance."
<today> 07:30 ET Wal-Mart reports in line (WMT) 68.80:
Reports Q2 (Jul) earnings of $0.52 per share, in line with
the Reuters Research consensus of $0.52; revenues rose 4.9%
year/year to $63.2 bln vs the $63.00 bln consensus.
07:38 ET Wal-Mart guidance : Reuters reports that WMT sees
Q3 earnings of $0.45-$0.47 and full yr EPS at "higher end"
of $2.00-$2.05 range -- Reuters Research consensus $0.47
and $2.06. WMT sees Q3 comps up 3-5%.
08:05 ET El Paso misses by $0.15, guides below consensus
(EP) 7.40: Reports Q2 (Jun) loss of $0.01 per share, $0.15
worse than the Reuters Research consensus of $0.14;
revenues fell 7.8% year/year to $1.68 bln vs the $3.17 bln
consensus. Company sees Y03 pro forma EPS of $0.15-0.45 vs
consensus of $0.78.
Too, Inc. reports in line, guides below consensus (TOO)
15.96: Reports Q2 (Jul) earnings of $0.02 per share,
excluding "special and nonrecurring charges", in line with
the Reuters Research consensus of $0.02; revenues fell 4.5%
year/year to $134.9 mln vs the $134.6 mln consensus.
Company sees Q3 EPS of $0.12-0.15 vs consensus of $0.26,
cites weak sales for early back-to-school shopping season.
Federated beats by $0.02, guides for 2H (FD) 42.61: Reports
Q2 (Jul) earnings of $0.64 per share, $0.02 better than the
Reuters Research consensus of $0.62; revenues fell 1.5%
year/year to $3.43 bln vs the $3.44 bln consensus. Company
sees Q3 EPS of $0.25-0.30 vs consensus of $0.35; for Q4
sees $2.15-2.20, consensus is $2.07.
Payless Shoe beats by $0.06, will no longer provide
guidance (PSS) 13.53: Reports Q2 (Jul) earnings of $0.08
per share, $0.06 better than the Reuters Research consensus
of $0.02; revenues fell 5.8% year/year to $731.5 mln vs the
$741.5 mln consensus. Company also announces it will no
longer provide sales or earnings guidance.
Homebuilders slump as Mortgage Apps falls, yields rise : As
reported on the Bond Ticker this morning, the MBA mortgage
applications index fell -16% in the week of Aug 8 given
strong declines in both components. The purchase index
fell -10% from the second highest level on record as higher
mortgage rates left a sixth consecutive decline in
refinancing. The -20% dive in refis leaves the index down
2/3 from the record high of late May... Accordingly,
homebuilders are under pressure this morning (though off
their lows) with RYL -2.10, HOV -1.89, TOL -1.55 and PHM -
1.35 leading the way lower. Also seeing weakness in
Mortgage finance names such as CFC -1.26, NFI -1.29, NCEN -
0.44... 10-yr note trading down another 14/32, following a
more than 1/2 point decline yesterday. |
