Early Stocks in Motion

Symbol Tech is hit on lowered guidance.
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Symbol Technologies

(SBL)

lowered its second-quarter revenue outlook to $425 million to $430 million from its previous forecast of $440 million. The company also announced that its CFO Mark Greenquist has left to pursue other interests and would be replaced immediately by chief administrative and control officer Sal Ianuzzi. The stock was down almost 12% Friday morning.

Itron

(ITRI) - Get Report

said second-quarter earnings will come in above analysts' expectations, citing strength in new order bookings. The company expects to report pro forma earnings of 38 cents to 42 cents on revenue in the range of $132 million to $135 million. Analysts were forecasting a profit of 35 cents a share on sales of $128 million, according to Thomson First Call. The stock was recently up more than 9% on Instinet.

Investors Financial Services

(IFIN)

reported earnings of $44.1 million, or 64 cents a share, for the second quarter ended June 30, compared with $34 million, or 50 cents a share, a year ago. Revenue for the quarter was $109.7 million. The company said the latest quarter's results included gains of totaling about 16 cents a share. Analysts expected earnings of 59 cents a share on revenue of $170.3 million. The company also announced that its board has authorized a stock buyback of $150 million over the next year. The stock is down more than 17% on Instinet Friday.

Priceline.com

(PCLN)

updated its financial guidance for the second quarter ended June 30 and increased its outlook for the second half of 2005 to reflect the acquisition of Bookings B.V. For the second quarter, the company expects pro forma earnings of 36 cents to 40 cents a share on revenue of $265 million to $270 million. For the full year, Priceline sees pro forma earnings of $1.20 to $1.28 a share. Analysts were forecasting earnings of 36 cents a share for the second quarter and $1.21 a share for the full year, according to Thomson First Call. The stock was up fractionally on Instinet on Friday.

Rambus

(RMBS) - Get Report

earned $5.4 million, or 5 cents a share for the second quarter ended June 30, vs. $8.3 million, or 8 cents a share, a year ago. Revenue for the quarter increased 14% to $40 million from $35 million last year. The earnings matched analysts forecast of 5 cents a share on revenue of $40.1 million, according to Thomson First Call. Looking ahead, the company said the second half of the year is difficult to forecast, given the number of patent license agreements and renewals it is currently negotiating. The stock was down about 5% on Instinet.

Novartis

(NVS) - Get Report

announced that it will acquire the U.S. and Canadian consumer medicines business and related assets of

Bristol-Myers Squibb

(BMY) - Get Report

for $660 million in cash. The transaction is expected to close by the end of the third quarter. Novartis was unchanged at $48.28, while Bristol-Myers was down 6 cents, or 0.24%, to $25.01

Cintas Corporation

(CTAS) - Get Report

said it earned $83 million, or 48 cents a share, for the fourth quarter ended may 31, vs. $72.7 million, or 42 cents a share, a year ago. Revenue for the quarter grew 9.6% to $809.2 million. Analysts expected earnings of 46 cents a share on sales of $805.6 million. Looking ahead, the Cincinnati company expects to earn $1.95 to $2.05 a share on revenue of $3.35 billion to $3.45 billion for fiscal 2006. Wall Street was forecasting a profit of $1.98 a share on revenue of $3.4 million. The stock was up about 5% on Instinet.

Playtex Products

(PYX) - Get Report

announced as part of a previously announced realignment that it is moving to a consolidated North American structure and is restructuring its operations in Canada. Playtex also said it plans to restructure its U.S. Banana Boat Sun Care sales force, which will affect 85 workers. The Arnprior, Ontario, facility will be shut down by the first quarter 2006. The stock was unchanged at $10.60.