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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (12051)	10/13/2003 8:09:48 PM
From: Donald Wennerstrom	Respond to of 95406

An interesting bit from Briefing.com tonight about the Monday after hours situation. <<Monday After Hours price levels vs. 4pm ET: The buying frenzy in the regular session has settled down, leaving the S&P futures, at 1044, flat with fair value, and the Nasdaq 100 futures, at 1418, 1 point above fair value. A number of quarterly earnings reports that have been coolly received by Wall Street has weighed heavily on the after hours trade. To begin, video retailer Hollywood Entertainment (HLYW 16.80 -1.12) has announced Q3 (Sept) net income of $0.32 per diluted share, which exceeded the company's guidance of $0.30 but matched the Reuters Research consensus estimate. Same store sales increased 7% and fueled a 9% rise in total revenues, to $402 mln. That figure, however, was a bit shy of the consensus expectation of $408.8 mln. Due in part to that, the stock has sold off 6% in the extended session, and its losses have pressured shares of related companies BBI and MOVI. Lubrizol (LZ 33.15 -0.29) stock has also traded lower in response to some disappointing surrounding its earnings pronouncement. The global chemical company lowered its FY03 (Dec) EPS guidance to $2.00-2.10 from $2.20-2.30 (consensus of $2.27). Managwment noted that demand for its finished lubricants has weakened since issuing its original outlook in July, and said that weaker-than-expected volume across most geographic markets is anticipated to continue through year-end. Competitors of LZ include the likes of CVX, EY, SC, and XOM. Among the biggest losers, though, in tonight's trade is SonoSite (SONO 15.14 -4.59). The stock has nose-dived 23% after the provider of point-of-care, ultrasound imaging systems cut its Q3 (Sept) forecast. Management said that it looked for a net loss of $0.02-0.04 per share as compared to the Reuters Research estimate calling for a profit of $0.03. The company also announced that revenues should be approximately $20 mln (consensus of $22.5 mln) due to lower than expected US government orders attributed to year-end budget constraints and a sales force transition in the visual procedures markets. Tractor Supply (TSCO 37.19 +0.29) is one company that has reported better than expected numbers. The largest retail farm and ranch store chain delivered an 11% rise in Q3 (Sept) EPS to $0.30, which was $0.02 ahead of both the consensus estimate and Tractor Supply's guidance on September 30. Net sales grew 24%, to $361.2 million, in line with Wall Street's consensus. Briefing.com would note that management raised its sales forecast, but not its EPS guidance, in September, owing to aggressive pricing during the quarter that suggested to us that sales momentum was not as strong as the figure might indicate.>>