This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Early Stocks in Motion

Paychex (PAYX - Get Report) reported net income of $101.4 million, or 27 cents a share, for the fourth quarter ended May 31, compared with $61.4 million, or 16 cents a share, a year ago. The business-solutions provider said revenue for the quarter increased 15% to $379 million from $330.4 million last year. Analysts expected earnings of 24 cents a share on revenue of $369.6 million, according to Thomson First Call. For fiscal 2006, the company said it expects net income growth of 18% to 20% and total revenue growth of 11% to 12%, assuming no change in interest rates. The stock was up 78 cents, or 2.6%, to $30.80 on Instinet.

Wyeth (WYE) raised its 2005 full-year earnings guidance to $2.80 to $2.90 a share, citing high single-digit revenue growth, lower-than-expected growth in several expense items and favorable tax developments. Analysts expected earnings of $2.82, according to Thomson First Call. The stock was unchanged at $43.

IBM (IBM - Get Report) announced that it has received notification of an informal investigation by the Securities and Exchange Commission concerning IBM's disclosures relating to its first-quarter earnings and expensing of equity compensation. The stock was down 88 cents, or 1.2%, to $73 on Instinet.

Kemet (KEM) announced that it will incur a special charge of $4 million in the June quarter related to the reduction of 150 jobs worldwide; the majority of the cuts will occur in the U.S. The company said the restructuring will result in annual savings of $8 million. The stock was unchanged at $6.12.

Phazar Corp (ANTP) announced that its wholly owned subsidiary, Antenna Products Corp., received a $1.7 million subcontract from BAE Systems for the installment of low-band and high-band antenna matching unit assemblies in Alaska. The installation work is scheduled to be completed by Nov. 1. Antenna Products said its backlog of orders as of June 27 was approximately $6.4 million, as a result of this order. The stock was up $1.39, or 6.82%, to $21.76 on Instinet.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs