reported a loss of $8.2 million, or 12 cents a share, for second quarter ended April 30, compared with a loss of $14.6 million, or 22 cents a share, a year ago. Revenue for the quarter was $222.1 million. The company's results reflect the three-for-two stock split completed in April. Analysts expected a loss of 13 cents a share on revenue of $208.7 million, according to Thomson First Call.
For the third quarter, the company expects a loss of 5 cents to 10 cents a share on revenue of $205 million to $215 million. That's much worse than Wall Street's expectations for a profit of 7 cents a share on revenue of $235.87 million. For the full year, the company expects to earn $1.40 to $1.47 a share on revenue of $1.3 billion to $1.35 billion. The stock was down 50 cents, or 1.9%, to $25.87 in after-hours trading.
Blue Coat Systems
( BCSI) posted a profit $2.8 million, or 21 cents a share, for the fourth quarter ended April 30, versus $1.4 million, or 11 cents a share, a year ago. Revenue for the quarter was $28.4 million. On a non-GAAP basis the company reported earnings of $2.3 million, or 17 cents a share. Analysts expected profits of 15 cents a share on revenue of $27.9 million. For the first quarter, the company expects non-GAAP earnings to be 17 cents to 22 cents a share. The stock was up $3.87, or 19.40%, to $23.82 in after-hours trading.
Longs Drug Stores
( LDG) said that its same store sales for May increased 0.4% compared with a year ago. Pharmacy same store sales rose 2.1%, while front-end same store sales decreased 1.2%. Total net sales increased 0.7% to $364.4 million. The stock was unchanged at $43.23.
said that it and privately held 3F Therapeutics have restructured its development and supply agreement between Percutaneous Valve Technologies and 3F Therapeutics. Under the new agreement, Edwards will pay 3F $25 million and will obtain the right to manufacture all components of its percutaneous heart valves. Edwards said it expects to take the majority of the $25 million as a special charge in the current quarter. The stock was unchanged at $46.58.
Universal Health Services
announced its board has approved an additional 3.5 million-share buyback to supplement its original program, which has 84,000 shares remaining. The stock was unchanged at $59.23.
Oil States International
announced it has acquired Phillips Casing & Tubing for $31.4 million. The deal is expected to add 5 cents a share to its 2005 earnings. The stock was unchanged at $23.33.
announced it has entered into a 10-year consortium agreement with Nisshinbo Industries to develop, manufacture, and sell Spire's solar module manufacturing equipment. Financial terms of the deal were not disclosed. The stock was up 17 cents, or 3.91%, to $4.52 in after-hours trading.