said it expects second quarter earnings to be 50 cents to 60 cents a share. For the first quarter, the company earned $1.13 a share. The company said its lower expectations reflect the downtime associated with plant outages as well as an expected decline in aromatics operating income. The plant outages are expected to negatively affect second quarter earnings by 35 cents to 40 cents a share. The stock was down 95 cents, or 2.8%, to $33 on Instinet.
agreed to acquire
for $21 a share, or a 20% premium. Based on the number of shares as of May 31, the total purchase amount would be $620 million, the company said. eBay said it expects the acquisition to be immaterial to its full year pro 2005 pro forma earnings. The deal is expected to close in the third quarter. eBay was down 46 cents, or 1.18%, to $38.66 in after-hours trading, while Shop was up $3.44, or 19.72%, to $20.88 in after-hours trading.
reported that same store sales for May increased 7% from the year ago period. The company has long targeted same-store sales growth of 3% to 7% a month. Total consolidated net revenues increased 23% to $496 million, versus a year ago. The company attributed core espresso beverages and the expansion of their lunch program as key contributors to May's results. The stock was down 82 cents, or 1.47%, to $54.89 in after-hours trading.
reported earnings of $10.2 million, or 33 cents a share, for the third quarter ended April 30, versus $5.5 million, or 18 cents a share, a year ago. Revenue for the quarter was $295.9 million. The earnings include the operations of Maurice's, which was acquired on January 2. Analysts expected earnings of 29 cents a share on revenue of $296 million, according to Thomson First Call. The company also said its total sales for May increased 42% to $104.7 million, versus a year ago and same store sales increased 1% for May. The stock was up 93 cents, or 4.98%, to $19.61 in after-hours trading.
said it earned $79.8 million, $1.61 a share, for the third quarter ended April 30, versus $68.8 million, or $1.40 a share, a year ago. Revenue for the quarter was $933 million. Analysts expected earnings of $1.56 a share on revenue of $927.7 million, according to Thomson First Call. Last month the company agreed to be acquired by two private equity firms. The stock was unchanged at $96.90.