Intl Rectifier (IRF) 48 15/16 +2 3/16: Reports Q2 earnings of $0.71 a share, $0.05 better than the First Call consensus of $0.66, vs year-ago earnings of $0.23; revenues rose 56.7% to $268.07 mln from a year-ago of $171.10 mln. Company expects to add $5 to $15 million of revenue sequentially and generate gross margins of 45 to 50% on the incremental sales; see press release.
Cirrus Logic (CRUS) 30 5/16 -2 11/16: Reports Q3 earnings of $0.28 a share, $0.02 better than the First Call consensus of $0.26, vs year-ago earnings of $0.05; revenues rose 38.0% to $208.00 mln from a year-ago of $150.76 mln. Company sees Q4 revenues flat sequentially at $208 mln vs current expectations of $214 mln; stock off over a point to 29 after hours; see press release.
Informix (IFMX) 5 11/32 -7/32: Reports Q4 earnings of $0.05 a share, $0.02 better than the First Call consensus of $0.03, vs year-ago earnings of $0.18; revenues fell 24.3% to $226.84 mln from a year-ago of $299.83 mln; see press release.
Immunex Corp (IMNX) 34 3/8 +1 1/16: Reports Q4 earnings of $0.09 a share, $0.01 better than the First Call consensus of $0.08, vs year-ago earnings of $0.03; revenues rose 54.1% to $250.67 mln from a year-ago of $162.65 mln. Q4 sales of ENBREL totaled $194.1 million, a gain of 65% over the same period in 1999 and 13% over Q3 of 2000; see press release.
Maxtor (MXTR) 8 23/64 +43/64: Reports Q4 earnings of $0.04 a share, $0.04 better than the First Call consensus of $0.00, vs year-ago earnings of $0.03; revenues rose 5.3% to $727.18 mln (vs $717 mln consensus) from a year-ago of $690.62 mln. Company says that it continues to anticipate the closing of HDD merger in late March or April; see press release.
JNI Corp (JNIC) 25 1/2 -1 5/16 : Reports Q4 earnings of $0.19 a share, in line with the First Call consensus of $0.19, vs year-ago earnings of $0.05; revenues rose 112.9% to $30.67 mln from a year-ago of $14.41 mln. EPS should be in the range of $0.80 to $0.85 for 2001. Current Zacks consensus mean is $0.82; see press release.
Spectrian Corp (SPCT) 18 3/8 +1 3/8: Reports Q3 earnings of $0.15 a share excluding a pre-tax gain from its UltraRF sale, $0.09 better than the First Call consensus of $0.06, vs year-ago earnings of $0.20; revenues rose 4.6% to $51.40 mln (vs $46.0 mln consensus) from a year-ago of $49.14 mln; see press release.
E*TRADE (EGRP) 13 31/32 +29/32: -- Update -- Says it will be advertising again at the Super Bowl in a campaign that will mark a major presence and turning point for its brand identity... hopes to have its brand identified with a leading, worldwide financial services company that has broad-based product offerings for all financial needs... EGRP +5/32.
RadiSys (RSYS) 27 3/8 -57/64: Reports Q4 earnings of $0.22 a share, in line with the First Call consensus of $0.22, vs year-ago earnings of $0.32; revenues rose 13.1% to $82.49 mln from a year-ago of $72.94 mln. Company warns for Q1; sees EPS of $0.05-0.08; current EPS estimate is $0.22; see press release.
Exodus Comms (EXDS) 28 3/16 +2 3/16: Reports Q4 loss of $0.13 a share, $0.03 better than the First Call consensus of ($0.16); revenues rose 176.6% to $280.39 mln (vs $276 mln consensus) from a year-ago of $101.39 mln. Company guides 2001 revenue estimates higher to $2.0-2.3 bln from prior guidance of $1.8 bln, but gross margins are guided sharply lower to 29-32% from 36-39% and Q1 EPS is also guided lower as a result to a loss of $0.26-0.27 from the current consensus of ($0.17), cites dot-com weakness -- trading down 2 1/2 points after hours as a result; see press release.
E*TRADE (EGRP) 13 31/32 +29/32: -- Update -- On conference call, attributed its ability to maintain low cost per account to the diversity of its model, placing particular emphasis on the strength of its banking business... Noted that macro-economic environment led to slowdown in account and transaction growth and said it will concentrate on enhancing the value of its current base of customers... EGRP +5/32.
VeriSign (VRSN) 81 1/2 +7: Reports Q4 earnings of $0.21 a share, $0.10 better than the First Call consensus of $0.11, vs year-ago earnings of $0.04; revenues rose 613.1% to $197.35 mln (vs estimate of $188.4 mln) from a year-ago of $27.68 mln; see press release.
Newport Corp (NEWP) 108 7/16 -5 3/16: Reports Q4 earnings of $0.36 a share, $0.03 better than the First Call consensus of $0.33, vs year-ago earnings of $0.10. Sales for the quarter more than doubled to $86.7 mln from $42.3 mln a year ago. Q1 sales for the company's base businesses are expected to be flat with the fourth quarter of 2000; see press release
Elec. For Imaging (EFII) 19 1/2 +1 3/16: Reports Q4 earnings of $0.17 a share, $0.10 better than the First Call consensus of $0.07, vs year-ago earnings of $0.44; revenues fell 10.9% to $131.58 mln from a year-ago of $147.65 mln; see press release.
Aspen Tech (AZPN) 34 3/4 +1 7/8: -- Update -- Reports Q2 earnings of $0.13 a share, $0.06 better than the First Call consensus of $0.07, vs year-ago earnings of $0.05; revenues rose 30.7% to $81.69 mln from a year-ago of $62.48 mln; see press release.
Westell Tech (WSTL) 4 11/16 -1/8: Reports Q3 loss of $0.14 a share, $0.04 better than the First Call consensus of ($0.18); revenues rose 164.8% to $79.47 mln (vs est of $76.5 mln) from a year-ago of $30.02 mln. WSTL expects Q4 revenues of $75-80 mln; see press release.
Optical Components : Though Corning (GLW) did not actually take numbers down for Q1, it did make cautious comments: it expects some softness in the telecom market due to capital availability, and several customers have recently indicated that their order rate may be lower and more uneven than previously expected in the first-half of 2001. No more color will be available until the conference call tomorrow morning, but as a result of these comments, optical components stocks are taking a beating after hours: (changes vs 4 pm) JDSU -4 1/4, SDLI -17, NUFO -6, AVNX -3 3/4, OCPI -1 3/8.
Rainmaker Sys (RMKR) 2 13/16 +1/4: Reports Q4 loss of $0.12 a share, $0.02 better than the First Call consensus of ($0.14); revenues fell 31.1% to $12.83 mln (below est. of $14 mln) from a year-ago of $18.63 mln; Q1 reported revenue is expected to be in the range of $10.6 to $11.3 million and loss per share to be be in the range of $0.12 to $0.13 (current Zacks estimate is -$0.14; see press release.
Read-Rite (RDRT) 8 1/4 +17/32: Reports Q1 earnings of $0.11 a share, $0.08 better than the First Call consensus of $0.03; revenues rose 65.9% to $189.96 mln (in line) from a year-ago of $114.49 mln. The company is targeting flat to modest revenue growth for Q2 and EPS of of $0.11 to $0.14, better than current Zacks estimate of $0.05; see press release.
HNC Software (HNCS) 28 19/64 -57/64: Reports Q4 earnings of $0.12 a share, $0.02 better than the First Call consensus of $0.10, vs year-ago earnings of $0.12; revenues rose 32.4% to $55.08 mln (in line with estimates) from a year-ago of $41.59 mln; see press release.
Kana Comms (KANA) 9 7/16 +13/16: Reports Q4 loss of $0.37 a share, $0.17 worse than the First Call consensus of ($0.20); revenues rose 557.0% to $42.43 mln (vs est of $46.51 mln) from a year-ago of $6.46 mln; see press release.
Amgen (AMGN) 69 1/16 +1 5/16: Reports Q4 earnings of $0.24 a share, $0.01 worse than the First Call consensus of $0.25, vs year-ago earnings of $0.26; revenues rose 2.6% to $951.40 mln from a year-ago of $926.90 mln. Epogen sales of $533 mln were bit better than expected, but Neupogen sales of $311 mln were a little light. Amgen also reported that the first trial of ARANESP in treating oncology patients with anemia was successful; see press release.
SanDisk Corp (SNDK) 46 3/16 +1 5/16: Reports Q4 earnings of $0.41 a share, $0.04 better than the First Call consensus of $0.37, vs year-ago earnings of $0.15; revenues rose 114.6% to $177.66 mln (vs est. of $202.5 mln) from a year-ago of $82.77 mln. Company warns for Q1; expects Q1 product revenues 15% - 20% below the just completed quarter, and EPS approximately in line with Q1 results of a year ago (Q1 last year was $0.21, current Q1 estimate is $0.33); see press release.
Foundry Networks (FDRY) 20 15/16 +1 1/16: Reports Q4 earnings of $0.17 a share, $0.05 better than the First Call consensus of $0.12, vs year-ago earnings of $0.12; revenues rose 90.6% to $105.11 mln (vs $103 mln consensus) from a year-ago of $55.14 mln; company sees Q1 revenues of $100-110 mln, consistent with street estimates of $105 mln. Report was better than had been projected in company's December pre-announcement; company also announces 5 mln share buyback program; see press release.
Siebel Systems (SEBL) 79 3/8 +57/64: -- Update -- SEBL sold off hard going into the close. Hearing from trading floor sources that Morgan Stanley cut estimates on SEBL, Morgan Stanley will not confirm nor deny. SEBL after hours: 7811/16 -11/16
SDL Inc (SDLI) 232 1/8 -1 15/16: -- Update -- Trading down sharply to 215 1/2 after hours along with JDS Uniphase (JDSU), which is off 4 points after hours to 59 23/64; optical components stocks being hit by Corning's (GLW) cautious comments about the telecom sector.
California Micro (CAMD) 12 +3/4: Reports Q3 earnings of $0.11 a share, in line with the First Call consensus of $0.11, vs year-ago earnings of $0.04; revenues rose 24.4% to $14.51 mln from a year-ago of $11.66 mln. Company expects sales will be down this quarter by 10-15%, gross margin percentage will decline as well; see press release.
E*TRADE (EGRP) 13 15/16 +7/8: Reports Q1 earnings of $0.02 a share, $0.01 better than the First Call consensus of $0.01; revenues rose 22.2% to $333.77 mln (vs $355.5 mln consensus) from a year-ago of $273.06 mln;; see press release.
Akamai Tech (AKAM) 35 5/8 +3 1/2: Reports Q4 loss of $0.61 a share, $0.07 better than the First Call consensus of ($0.68); revenue was over $37 mln (vs estimate of $35.7 mln), up 37% from third quarter and up almost 1,300% from same period the year before; see press release.
SDL Inc (SDLI) 231 15/16 -2 1/8: -- Update -- Reports Q4 earnings of $0.53 a share, $0.04 better than the First Call consensus of $0.49, vs year-ago earnings of $0.17; revenues rose 199.3% to $175.60 mln (vs consensus $171 mln) from a year-ago of $58.68 mln; see press release.
Corning Inc (GLW) 69 11/16 -5/16: Reports Q4 earnings of $0.34 a share, $0.06 better than the First Call consensus of $0.28, vs year-ago earnings of $0.17; revenues rose 52.2% to $2.08 bln (vs consensus of $2.05 bln) from a year-ago of $1.37 bln; company sounding more cautious about future citing "some softness due to ongoing issues with capital availability" but only widens guidance range for Q1 to $0.28-0.31 from $0.29-0.30. Revenue guidance of $1.9-2.0 bln is consistent with current $1.95 bln consensus; see press release.
Veritas Software (VRTS) 105 1/2 +1/2: Reports Q4 earnings of $0.19 a share, $0.02 better than the First Call consensus of $0.17, vs year-ago earnings of $0.12. Revenue of $370.1 million, represented an increase of 64% over last year's fourth quarter revenue of $226.2 million; see press release.
15:00 -- 16:00 ET (Updated throughout the hour)******
Charter One (CF) 26 1/2 -5/16: Merrill Ly |
