Early Stocks in Motion

Electronic Arts lowers earnings and revenue guidance.
By TSC Staff ,

Electronic Arts

( ERTS) lowered its full-year guidance Monday night, citing weak sales in North America and Europe. The company said it now expects revenue of $3.1 billion to $3.125 billion, earnings of $1.62 to $1.64 a share and earnings before items of $1.70 and $1.72 a share. The company had previously expected revenue of $3.275 billion to $3.325 billion, earnings of $1.82 to $1.87 a share and earnings before items of $1.90 to $1.95. A Thomson First Call survey of analysts had expected the company to earn $1.93 a share before items on revenue of $3.3 billion.

KB Home

(KBH) - Get Report

said first-quarter earnings surged 65% from a year ago, driven by a higher volume of higher-priced home sales and cost-cutting. L.A.-based KB earned $122.7 million, or $2.82 a share, in the quarter, compared with $74.2 million, or $1.75 a share, last year. Revenue was $1.64 billion in the latest period, compared with $1.35 billion last year. Analysts surveyed by Thomson First call were expecting earnings of $2.57 a share on revenue of $1.75 billion. For the fiscal year ending in November 2005, KB Home expects to earn $15.75 a share, up from its previous estimate of $14.50 a share. Analysts surveyed by Thomson First Call were expecting $14.59 a share.

JDS Uniphase

(JDSU)

announced plans Monday to buy closely held Lightwave Electronics for $65 million in cash. Mountain View, Calif.-based Lightwave makes lasers used by equipment makers in biotech for DNA sequencing, and by tech companies for laser printers and semiconductor inspection. The move could help JDS supply consumer electronics and chipmakers and extend its interest in optical component technology outside the slumping telecommunications market.

Wyeth

( WYE) said Monday that it expects per-share earnings that are roughly 10 cents above the consensus analyst estimate of 67 cents in the first quarter. The drugmaker cited strong performance of "a number of key brands," along with favorable foreign-exchange rates and other unnamed factors. The Madison, N.J.-based drugmaker said its full-year EPS should be in the range of $2.70 to $2.80, as previously forecast. But "if current business trends continue," the EPS would be at the higher end of that range. The Thomson First Call consensus EPS is $2.75.

Arrow International

( ARRO) issued preliminary financial results Monday night but said an accounting review will delay the filing of its final results with the

Securities and Exchange Commission

. Adjusted for items, the company earned $15.9 million, or 36 cents a share, on sales of $113.5 million, compared with earnings of $15.5 million, or 35 cents a share, on sales of $108.3 million last year. Analysts were forecasting earnings of 37 cents a share on sales of $116.1 million in the latest quarter. Arrow said it's assessing an SEC accounting bulletin that might apply to its shipping accounting and hopes to have the matter resolved by the time it files its second fiscal quarter 10-Q on April 11, 2005.

Global Payments

(GPN) - Get Report

said third-quarter earnings rose to $21.6 million, or 54 cents a share, in the third quarter, from $16.5 million, or 42 cents a share, last year. Revenue rose 20% from a year ago to $195.5 million. Analysts had been expecting earnings of 52 cents a share on sales of $185.6 million in the most recent quarter. For all of 2005, the company expects to post operating earnings $2.31 to $2.35 a share on revenue of $774 million to $781 million. Analysts are predicting full-year profit of $2.31 per share on sales of $769.4 million.

Hewlett-Packard

(HPQ) - Get Report

said Monday it will acquire online photo site Snapfish for an undisclosed price. Snapfish offers free online photo sharing, photo storage and management, free editing tools and software, online print ordering and wireless imaging services for camera phone and color handset users. H-P said Snapfish's expertise in online photo services "will rapidly enhance H-P's ability to capitalize on the growing market for online photo printing." Snapfish competes with rivals such as

Kodak's

( EK) Ofoto, which plans to rename itself Kodak Easyshare Gallery.

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