17:31 ET D Dominion Res (65.90 -0.70)
Company warns that Q1 (Mar) will be about $1.20 vs consensus of $1.30; Q1 earnings negatively impacted by natural gas "corporate" hedges and by mild weather. For FY02 (Dec), reaffirms EPS of $4.90-4.95 (consensus $4.90).
17:28 ET MERQ Mercury Interactive (30.25 -1.15) -- Update --
On call, says its avg. deal size in Q1 was up to approx. $70K; three deals were booked that exceeded $1 mln and 160 deals were over $100K... separately, says it is not concerned about the impact the situation in Israel would have on R&D, and notes that, right now, it is business as usual in Israel... MERQ +3.56 at 33.00
17:26 ET CTRA Centra Sftwre tops Q1 EPS consensus, revs in line, warns for Q2 (3.03 -0.09)
Reports Q1 (Mar) loss of $0.17 per share, $0.02 better than the Multex consensus of ($0.19); revenues fell 17.6% year/year to $7.5 mln vs the $7.5 mln consensus; company warns that Q2 (Jun) EPS will be loss of $0.14-0.15 (consensus $0.13 loss).
17:24 ET MERQ Mercury Interactive provides Q2 guidance (30.25 -1.15) -- Update --
On call, says it expects Q2 revenues of $91-96 mln (Multex consensus $93 mln), operating margins between 14-16%, and EPS of $0.14-0.16 (consensus $0.14)... for full year, provides reminder that it expects revenues of $380-415 mln, operating margins between 16-19%, a blended worldwide tax rate of 20%, shares outstanding to tick up sequentially 1-2% each quarter, and EPS of $0.60-0.72... MERQ +3.67 at 33.11
17:18 ET Details Powerwave Tech Guiding Higher (13.36 -0.31) -- Update --
On call, company now expects Q2 revenue and EPS of $100-$110 mln and $0.03-$0.04 vs Multex consensus of $90.5 mln and $0.04, respectively. Company expects full year revenue and EPS of $430-$450 mln and $0.23-$0.27 vs Multex consensus of $384 mln and $0.21, respectively....stock at 14.60.
17:17 ET MERQ Mercury Interactive wants to move to GAAP reporting (30.25 -1.15) -- Update --
On call, says it would like to move to GAAP only reporting, but will wait for a more appropriate time to do so... separately, says Americas accounted for 68% of revenues in Q1 while International accounted for remaining 32%.... MERQ +3.52 at 32.96
17:14 ET PWAV Powerwave Tech Guiding Higher (13.36 -0.31) -- Update --
On call, company guiding higher for Q2 and 2002. Details to follow.
17:07 ET MERQ Mercury Interactive maintains FY02 guidance (30.25 -1.15) -- Update --
On call, says it is maintaining its FY02 guidance; Multex consensus estimates for FY02 are EPS of $0.66 and revenues of $395.94 mln.... will be commenting on Q2 guidance later in call... MERQ +2.55 at 31.99
17:06 ET After Hours Movers
Prices vs 4 pm ET close -- JNPR -0.29, RSAS -0.51, PWAV +0.54, CREE -0.16, MERQ +2.56
16:51 ET DCLK DoubleClick tops pro forma estimate, guides Q2 rev lower (9.98 -1.18)
Reports Q1 pro forma EPS of $0.01, $0.05 better than the Multex pro forma consensus; revs were $83.7 mln, vs consensus of $84.0 mln. Co expects Q2 revs of $77-$82 mln and pro forma EPS of ($0.01)-$0.01, vs consensus of breakeven and $89.6 mln.
16:50 ET AKLM Acclaim in line on EPS, beats revenue consensus (4.68 +0.07)
Reports Q2 (Feb) earnings of $0.06, in line with the Multex consensus; revenues were $70.7 mln vs the consensus of $65.0 mln; company guides Q3 earnings and revenue to $65 mln and $0.03 vs consensus estimates of $64.5 mln and $0.03. FY02 and FY03 guidance also provided, and roughly in line with consensus.
16:46 ET AEP American Electric files $3 bln mixed securities shelf (47.90 -0.16)
Hearing from traders citing Dow Jones that co has filed $3 bln mixed securities shelf.
16:37 ET JNPR Juniper Networks guides Q2 numbers slightly lower (10.34 -0.54) -- Update --
In an apparent pre-conference call interview with the Wall St Journal, Juniper's CEO says that Q2 revenues will be flat sequentially, or about $122 mln vs the Multex consensus of $125.6 mln, and pro forma EPS will be flat at about breakeven, vs the consensus of a penny profit.
16:34 ET MCHP Microchip announces 3-for-2 stock split (42.73 -0.56)
According to the company, the stock split is being implemented to increase trading liquidity and to place the stock in a more attractive trading range for retail investors. The stock split will be effective for stockholders of record after the market closes on April 22, 2002.
16:25 ET After Hours Movers
Prices vs 4 pm ET close -- JNPR -0.19, RSAS -0.73, PWAV +0.44, CREE -0.01, MERQ +2.55
16:16 ET JNPR Juniper Networks reports in line Q1 results (10.34 -0.54)
Reports Q1 net of $0.00 a share, in line with the Multex consensus, vs yr-ago EPS of $0.25. Revenues plunged 63% to $122.2 mln (consensus $122.06 mln).
16:16 ET RSAS RSA Security misses estimates; updates guidance (7.23 -0.56)
Company reports Q1 net loss of $0.11 per share, $0.01 worse than the consensus estimate; Q1 revenues came in at $55.5 mln vs the consensus estimate of $55.4 mln; company rescinds the guidance provided in its January 24, 2002 press release and conference call; expects sequentially flat to slightly increased revenue for the second quarter; sees Q2 net loss of $0.04-$0.06 per share versus the current consensus estimate for a net loss of $0.05 per share.
16:15 ET EYE VISX beats Q1 estimates (16.77 -0.73)
Reports Q1 EPS of $0.12, $0.01 better than the Multex consensus; revs were $36.6 mln, vs consensus of $35.6 mln.
16:15 ET PWAV Powerwave Tech soundly beats EPS/revenue consensus (13.36 -0.31)
Reports Q1 (Mar) earnings of $0.04 per share, $0.03 better than the Multex consensus of $0.01; revenues rose 42.6% year/year to $104.1 mln vs the $84.6 mln consensus. Company offers no specific guidance; says Q1 sales of 3G products grew 50% sequentially, and that Nortel (NT) accounted for 36% of revenues, while Cingular, LU, and NOK each accounted for over 10%.
16:12 ET MIPS MIPS Tech misses Q3 earnings estimate (6.62 -0.38)
Reports Q3 net loss of $0.04, $0.01 worse than the Multex consensus; revs were $12.7 mln, vs consensus of $12.9 mln.
16:09 ET Seagate reports sequential increase in revenues/profits
Seagate reported a 4.0% sequential increase in revenues to $1.81 bln for its Mar qtr; net income rose to $199 mln from $122 mln. Though Seagate is now privately held, its results are often watched as an indication of the prospects for other disk drive companies such as WDC and RDRT.
16:08 ET MERQ Mercury Interactive tops Q1 estimates (30.25 -1.15) -- Update --
Reports Q1 pro forma EPS of $0.14, $0.04 better than the Multex consensus; revs were $90.5 mln, vs consensus of $86.0 mln.
16:08 ET ELNT Elantec Semi exceeds by $0.01; boosts Q3 outlook (43.70 -0.60)
Reports Q2 net of $0.12 a share, $0.01 better than the Multex consensus, vs yr-ago EPS of $0.20. Revenues declined 17% to $25.4 mln (consensus $23.91 mln). For Q3, co sees EPS of $0.13-$0.14 (consensus $0.12).
16:07 ET ELON Echelon tops earnings estimates (20.03 -0.38)
Company reports Q2 earnings of $0.07 per share, $0.01 better than the consensus estimate; Q2 revenues came in at $27.6 mln vs the consensus estimate of $28.0 mln.
16:06 ET CREE Cree matches guidance (11.61 -1.04)
Reports Q3 net of $0.00, in line with the Multex consensus. Revenues fell 37.5% to $33.38 mln, in line with co guidance of $32-$34 mln
16:03 ET Turmoil in Venezuela
Oil prices could hiccup depending on how the situation in Venezuela, the world's 4th largest oil exporter and a major OPEC member, plays out. Demonstrators are calling for President Chavez's resignation, and the country's largest labor and business confederations have announced that they will continue a 48-hour general strike indefinitely (which was called in support of workers and managers of the state-owned oil co PDVSA). The army is calling for calm after the chief of the military reportedly denied locking up Chavez at a military base. According to CNN.com, production has fallen by nearly 450k barrels a day because of the strikes; Venezuela usually produces 2.5 mln barrels daily, and exports more than 1 mln barrels per day to the US. |
