said it earned $70.5 million, or 34 cents a share, for the fourth quarter ended Aug. 31, compared with $44.3 million, or 22 cents a share, a year ago. Revenue for the quarter rose 25% to $2 billion from $1.6 billion last year. Excluding items, Jabil earned $76.8 million, or 37 cents a share. Analysts polled by Thomson First Call expected 36 cents a share on revenue of $2.05 billion.
For the first quarter, the electronic products maker expects earnings before items of 40 cents to 44 cents a share on revenue of $2.2 billion to $2.4 billion. Wall Street's forecast is for a profit of 42 cents a share with a top line of $2.3 billion. The stock was up 11 cents before the opening bell.
said they submitted a supplemental biologics license application to the Food and Drug Administration for Tysabri for the treatment of multiple sclerosis. The supplemental application includes trial data, a revised label and a risk management plan.
The companies requested priority review status for the application. If granted, it would result in action by the FDA around six months from the submission date. Biogen Idec was up 24 cents, or 0.64%, to $38.70, and Elan rose 5 cents, or 0.63%, to $8.05 in after-hours trading Monday.
said first-quarter results will fall short of expectations because of the hurricanes in the Gulf of Mexico and a weak retail environment in the U.K. The hair-care company now expects earnings below the low end of its prior guidance of 51 cents to 56 cents for the first quarter, excluding the impact of the hurricanes. Analysts were expecting earnings of 55 cents a share, according to Thomson First Call.
Same-store sales will likely be at the low end of its previous guidance. The company plans to write off $500,000 of fixed assets associated with the destruction of seven salons in the storms. The stock was down $1.79, or 4.58%, to $37.26 after hours Monday.
plans to acquire Musicwave for $121 million plus a contingent payment of up to $18 million. Openwave said Musicwave will contribute $50 million to $55 million in revenue for calendar year 2006, and the company expects the transaction to add to its earnings within two quarters from its closing, excluding certain items. The stock was up 10 cents, or 0.53%, to $18.99.
reported net earnings from continuing operations of $337 million, or $2.06 a share, for the third quarter ended Aug. 31, vs. earnings of $225 million, or $1.36 a share, a year ago. Revenue for the quarter rose to $3.5 billion from $2.7 billion last year. Analysts expected a profit of $1.98 a share on sales of $3.5 billion, according to Thomson First Call.
Looking ahead, the homebuilder said it now expects to earn $8.10 a share for fiscal 2005, up from its previous guidance of $7.80 a share. Lennar also established a fiscal 2006 earnings goal of $9.25 a share. The stock was higher by $1.72, or 3%, to $58.79 in after-hours trading.
California Micro Devices
completed a wafer supply agreement with Seiko Epson in order to expand its foundry resources. Financial terms of the deal were not disclosed. California Micro was up 37 cents, or 4.8%, to $8.08.
Perry Ellis International
signed a multiyear agreement with the Miami Dolphins and Dolphins Stadium to promote its brands at Dolphins games. The agreement also gives Perry Ellis the rights to place the Dolphins Stadium logo on its merchandise and stadium employee uniforms. Financial terms of the agreement were not disclosed. The stock was up 10 cents, or 0.45%, to $22.18 in after-hours trading.
said the effects of Hurricane Rita on its operations was minor and shouldn't have a significant impact on earnings. Two processed meats plants in Houston had virtually no damage and are expected to resume operations early this week as workers return to the city. The stock was unchanged at $17.52.