Research in Motion
( RIMM) reported earnings for the second quarter ended Aug. 27 of $111.1 million, or 56 cents, versus $70.6 million, or 36 cents a share, a year ago. The BlackBerry maker said revenue for the quarter rose 58% to $490.1 million. Excluding certain items, the company earned $120.2 million, or 61 cents a share. Analysts polled by Thomson First Call expected a profit of 61 cents a share on sales of $488.7 million.
For the third quarter, RIM predicted earnings of 62 cents to 68 cents a share on revenue of $540 million to $570 million. Analysts expected 66 cents a share on revenue of $545 million. For the fourth quarter, RIM expects to earn 74 cents to 81 cents a share on revenue of $590 million to $620 million. Analysts expected 72 cents a share on $584 million. The stock was down $2.55, or 3.3%, to $74.70 after hours.
cut its financial outlook for the third quarter and for full year 2005 due to a casino expansion project at its Mountain High property in Black Hawk, Colo. The casino operator said it now expects third quarter earnings of 26 cents to 28 cents a share, compared to its previous guidance of 30 cents to 32 cents. For the year, Ameristar expects to earn $1.08 to $1.11 a share, down from its prior forecast of $1.17 to $1.26 a share. The stock was down $1.48, or 6.77%, to $20.39.
agreed to supply Morgan Stanley's brokerage clients with independent research under the terms of the Global Analyst Research Settlement. Morningstar's stock analyst reports will be offered to Morgan Stanley's financial advisers and investors as part of the settlement provision to provide independent equity research to clients alongside in-house research. Morningstar was up 74 cents, or 2.39%, to $31.70 in after-hours trading and Morgan Stanley was unchanged at $52.71.
( RHAT) reported net income of $16.7 million, or 9 cents a share, for the second quarter ended Aug. 31, compared with $11.8 million, or 6 cents a share, a year ago. Revenue for the quarter rose to $65.7 million from $46.3 million last year. Analysts expected a profit of 7 cents a share on revenue of $64.8 million, according to Thomson First Call. The stock was up $1.90, or 11.51%, to $18.41 in after-hours.
announced that it plans to close its packaging plant in Pine Brook, N.J., which will result in the reduction of 130 jobs. Production at the facility will transfer to other healthcare packaging plants. The closing of the plant is expected by Dec. 31. The stock was unchanged at $27.40.
Cooper Tire & Rubber
announced that starting on Sunday, its Texarkana, Ark., and Tupelo, Miss., manufacturing facilities will operate on reduced schedules due to raw material shortages. According to Cooper, several of its suppliers of carbon black and synthetic rubber were damaged by Hurricane Rita and have not yet resumed production. The company also cited limited access to roadways and lack of rail cars as businesses compete for shipping alternatives. The stock was unchanged at $15.46.
St. Paul Travelers
( STA)announced that the New York attorney general subpoenaed documents and information relating to the reporting of workers' compensation premiums. The insurance company said it is cooperating fully with the request. The stock was down 20 cents, or 0.45%, to $43.85 in after-hours.
( CASB) raised its quarterly by 13% to 9 cents. The next dividend is payable on Oct. 26 to shareholders of record Oct. 12. The stock was unchanged at $17.70.
said it earned $15.1 million, or 29 cents a share, for the first quarter ended Aug. 31, compared with $11.6 million, or 23 cents a share, a year ago. The professional services provider reported an increase in revenue for the quarter of 29.6% to $129.6 million. Analysts expected a profit of 28 cents a share on revenue of $144.2 million, according to Thomson First Call. The stock was down $1.51, or 4.9%, to $29.50 in after-hours trading.