Maxim Integrated Products
matched Wall Street's estimates when it reported earnings of $126.1 million, or 37 cents a share, for the fourth quarter June 25, versus $124.7 million, or 36 cents a share, a year ago. Revenue for the quarter was $400.4 million. Analysts expected a profit of 37 cents a share on revenue of $400.9 million, according to Thomson First Call. The stock was down 29 cents, or 0.69%, to $41.72 in after-hours trading.
( WEBX) announced that it will acquire privately held Intranets.com for $45 million in cash. Intranets.com provides collaboration applications for small and medium-sized businesses. The deal is expected to close in the third quarter of 2005. WebEx said it has also revised its earnings guidance for the third quarter and full year. The acquisition is expected to dilute earnings by 2 cents to 3 cents a share in the third quarter and 4 cents to 6 cents a share for the full year. WebEx now expects third quarter earnings of 25 cents to 28 cents a share and $1.08 to $1.16 for the year. It forecasts full year revenue of $303 million to $315 million. The stock was down 87 cents, or 3%, to $28 in after-hours trading.
announced that it will acquire the Tax and Business Services division of
for $220 million. The unit will be combined with H&R's RSM McGladrey Business Services subsidiary. The deal is expected to close by September 30. H&R Block was unchanged at $56.60, while American Express was unchanged at $54.83.
said net income slid to $926,000, or 2 cents a share, for the third quarter ended June 30, from $12.3 million, or 28 cents a share, a year ago. Revenue for the quarter was $113.7 million. The company cited weaker-then-expected customer orders. "Software orders in particular were much lighter than expected in the past quarter," said Edward C. Grady, president and CEO at Brooks Automation. "We recognized the possibility of a timing impact entering the quarter but the magnitude was greater than anticipated." Analyst expected earnings of 3 cents a share on revenue of $115.5 million, according to Thomson First Call. The stock was down 85 cents, or 5.12%, to $15.75 in after-hours trading.
( UBET) announced that Gary W. Sproule, the company's COO, has been appointed to CFO, replacing Charles Bearchell, effective immediately. The company also said that Bearchell may receive payments that would result in a one-time after tax charge of a penny a share in the third quarter ending Sept 30. The stock was down 21 cents, or 3.68%, to $5.49 in after-hours trading.