CBS Marketwatch has FATB on it's stock's to watch list:
Fatbrain.com beefs up profits
Level 3 in broadcast.com deal; Costco beats
By Debra McGarry, CBS MarketWatch
Last Update: 10:14 AM ET May 27, 1999
Indications
Earnings Surprises
Stocks to watch
Autodesk (ADSK: news, msgs) is set to release fiscal first-quarter
earnings on Thursday, after warning earlier this month that it may earn only
one-quarter as much as analysts expected following a tepid reception to
its new flagship product. See Software Report.
Ace Ltd. (ACL: news, msgs) agreed to buy Capital Re Corp. (KRE:
news, msgs) in a stock swap valued at about $606 million or $18.90 a
share, based on the closing price of Ace shares on May 26. Under the
terms of agreement, Capital Re's shareholders would receive 0.6 shares
of Ace for each of their shares, subject to a maximum value of $22 a
share. Shares of Ace on Wednesday rose 1/3 to 31 1/2. Cap Re slipped
1/4 to 19 1/4.
Computer Associates (CA: news, msgs) is set to release its fiscal
fourth-quarter results on Thursday. The company said April 29 it expects
to surpass analysts' earnings estimates for its fiscal fourth quarter, led by
strong sales of its client-server software. Sales are expected to increase
11 percent to $1.63 billion, with client-server sales rising 25 percent.
Earnings are expected to hit 83 cents a share, 2 cents more than analysts
initially expected. See Software Report.
Consol Energy (CNX: news, msgs) shares may come under pressure
Thursday after the company warned that second-quarter earnings will be
15 percent to 35 percent lower than the same quarter a year ago. The
coal producer cited lower average sales prices and production capacity
related costs for the projected shortfall. No quarterly estimates were
available. Consol shares fell 3/8 to 12 5/16 ahead of the warning.
Costco (COST: news, msgs) said third quarter net income increased 24
percent to $105.9 million or 46 cents per share vs. $85.2 million or 38
cents in the year-ago period. The latest number beats the 44 cent estimate
in a survey of analysts by First Call. Shares of Costco dipped 9/16 to 73
1/2 ahead of the news.
Fatbrain.com (FATB: news, msgs) posted a net loss of $5.2 million, or a
narrower-than-expected first-quarter loss of 46 cents a share on a pro
forma basis. Analysts' estimates called for a per-share loss of 50 cents,
according to market research firm First Call. In the quarter, the online
bookstore posted record online sales of $4.5 million vs. $1.8 million
posted in the same quarter a year ago. Shares climbed 2 3/8 to 19 3/8
ahead of the news.
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