Short Stories
briefing.com
Updated: 11-Jun-98
AFTER THE CLOSE******
Owens & Minor Inc. (OMI)11 1/8 +1/8: distributor of finished medical and surgical products is warning that loss of
Columbia/HCA contract will impact earnings by $1.5 mln to $2 mln; expects to take a restructuring charge of $7 mln to
$8.5 mln in Q2; in late May, company warned that it had lost distribution contract with Columbia/HCA which provided
$360 million or about 11% to OMI's annual sales volume; for Q2, OMI was projected to earn $0.19 a share vs
year-ago net of $0.14, according to First Call.....
Advanced Deposition Technologies (ADTC) 2 7/16 -1/32: developer and maker of standard and proprietary
metallized films for energy management applications warns that 1998 revenues to decline by 10% and earnings to be
below expectations; cites higher training and staffing costs for miss; there are not estimates for this particular period.....
Rogers Corp. (ROG) 33 -1/8: manufacturer and marketer of specialty polymer composite materials and components
warns about Asia's impact on Q2 results; sees earnings between $0.30 and $0.32 a share on lower sales; sales
projected 10% below Q1 level of $58 mln when it earned $0.56 a share; according to First Call, company expected to
earn $0.60 a share vs year-ago profit of $0.52 a share.....
Compaq Computer (CPQ) 28 1/16 -5/8: PC maker's CFO warns that company will report slightly disappointing
results for Q2 and that Q3 will be a transitional qtr. Puts Q2 net at the breakeven level vs yr-ago earnings of $0.33
and the First Call mean of $0.01. Says sees Digital Equipment merger accretive in Q4. These comments were made on
a conference call with analysts....
GenRad Inc. (GEN) 17 1/16 +7/16: supplier of integrated test, measurement and diagnostic solutions plans to reduce
its workforce as company cautious about outlook for 1998; sees a Q2 one-time net charge equalling $40 mln for job
reduction; company, however, comfortable with full-year estimates of $0.80 to $1.00; according to First Call, GenRad
projected to earn $0.24 in Q2 and $0.80 for the full-year; company does plan to buyback as much as 8% of its
stock.....
TSI Inc. (TSII) 8 1/8 unch: manufacturer of measuring and control instruments for monitoring air quality posts a fiscal
Q4 net of $0.16 a share, in line with the First Call estimate, vs year-ago net of $0.13 a share.....
Rural/Metro Corp. (RURL) 17 3/8 -1: provider of ambulatory services, fire protection, and home health care
services is warning that it sees a fiscal Q4 net of between $0.25 and $0.30 a share, excluding charges and will take a
Q4 provision of $0.69 a share for doubtful accounts; according to First Call, RURL was projected to earn $0.48 vs
year-ago net of $0.39 a share.....
CMG Information Services Inc. (CMGI) 42 11/16 -1 9/16: direct marketing service provider reports a Q3 loss of
$0.55 a share, including one-time charges and gains; the First Call estimate called for a loss of $0.61, vs year-ago loss
of $0.29 a share; net sales rose 7.5% to $20.43 mln and 14.7% on a sequential basis.....
Immune Response Corp. (IMNR) 13 11/16 +1 15/16: biopharmaceutical company inks collaboration deal with
Agouron Pharmaceuticals (AGPH 34 -1) for Remune, an immune-based therapy for the treatment of HIV infection;
pact is said to be worth $77 mln over two years..... |
