expects to post first-quarter operating earnings of 29 cents to 31 cents a share, well below the Thomson First Call consensus of 49 cents a share. Sales will be $300 million, about $39 million short of estimates. The company claims it is "purposely staggering" new product launches to even out sales over the year. Callaway said it is managing inventory so that each product launch is "fully supported" and that less inventory builds up.
reaffirmed its earnings forecast of 37 cents a share on revenue of $13.4 billion for its fiscal first quarter, matching Wall Street's expectations. Dell also said it plans to spend $2 billion to repurchase stock during the current quarter, more than doubling its initial plan. The PC maker reiterated a target of $80 billion in annual revenue by 2008. The stock was up 44 cents, or 1.15%, to $38.59 in after-hours trading.
said that it earned $260 million, or 30 cents a share, which includes a 9 cent loss from restructuring charges, for the first quarter ended March 31. Revenues for the quarter were $6.3 billion. Analysts were expecting 39 cents a share, excluding the charge, on revenue of $6.3 billion, according to Thomson First Call. The stock was up 77 cents, or 2.57%, to $30.75 in after-hours trading.
said that March sales rose 29.2% to $87.1 million, up from $67.4 million a year ago. Same-stores sales rose 6.8% for the month, just below the Wall Street consensus. The stock was unchanged at $31.70.
said that it earned $5.3 million, or 31 cents a share, for the second quarter ended Feb 28, down from $6.2 million, or 36 cents a share, a year ago. Revenue for the quarter was $61.1 million. Analysts were expecting 38 cents a share, according to Thomson First Call. The stock was down $1.30, or 4%, to $31.08 in after-hours trading.
( HOTT) said March same-store sales rose 5.3% and that overall sales for the month rose 21% to $59.7 million. The stock was up 25 cents, or 1.1%, to $22.80 in after-hours trading.