( DNA) reported earnings if $296.2 million, or 27 cents a share, for the second quarter ended June 30, vs. $170.8 million, or 16 cents a share a year ago. The company said revenue for the quarter was $1.53 billion. Excluding certain items, the company earned 30 cents a share. Analysts expected a profit of 26 cents a share on revenue of $1.5 billion, according to Thomson First Call. The stock was up 33 cents to $83.83 on Instinet.
cut its earnings guidance for the fourth quarter ended June 30. The enterprise content manager said it now expects revenue to be in the range of $108 million to $112 million, down from its previous forecast of $115 million to $125 million. The company also said per-share earnings will be below previously issued guidance. Analysts were expecting earnings of 33 cents a share on revenue of $119.7 million, according to Thomson First Call. Open Text also said it will take a restructuring charge of $20 million to $30 million in the upcoming quarter as a result of re-organization of the company. The shares were recently off more than 11% on Instinet.
cut its quarterly earnings outlook and announced it will take a $15 million restructuring charge in the second half of 2005 to reorganize its business lines. The company said it now expects pro forma earnings of break-even, compared with its previous forecast of earnings of 5 cents to 9 cents a share. FEI now expects second-quarter revenue of $109 million to $111 million, vs. previous guidance of $114 million to $120 million. The stock was recently down almost 13% on Instinet.
announced stronger-than-expected June same-store sales for both its Red Lobster and Olive Garden restaurants. Same-store sales at Olive Garden rose 10% to 11%, with an increase in customer traffic of 7% to 8% and an increase in average check of 3%. Same-store sales at Red Lobster rose 9% for the month, with an increase of 4% to 5% in guest traffic and an increase of 4% to 5% in the average check. Darden said sales were positively affected by a shift in the Independence Day holiday into fiscal July 2006.
( MOTV) said that it expects to lose 5 cents to 7 cents a share for the second quarter ended June 30, on revenue of $22 million to $23 million. The management software provider expects pro forma earnings of break-even to 2 cents a share. Analysts expected a profit of 7 cents a share on revenue of $26.6 million, according to Thomson First Call.
"Although this quarter we added several new customers and renewed and extended relationships with a number of existing customers, we had a significant transaction push out past the end of the quarter and our consulting services revenue fell short of our estimates," said Scott Harmon, CEO of Motive. The stock lost more than a quarter of its value in early Tuesday trading.
( TALX) announced that it expects first-quarter earnings to significantly exceed the company's previous forecast. The business payroll outsource company said it expects earnings from continuing operations of 26 cents to 27 cents a share, up from its original estimate of 20 cents to 22 cents a share. TALX expects revenue for the quarter to slightly exceed the upper end of the $44 million to $46 million guidance range. The stock rose more than 10% early Tuesday.
( PTV) expects second-quarter earnings to come in on the lower end of its previous forecast of 27 cents to 31 cents a share. Pactiv said it is providing the guidance at this time because its second-quarter earnings release will be later than normal so it can develop the supplemental financial information by the divestiture process. The stock was down 13 cents to $21.85.