Updated from 10:02 a.m. EST
easily beat analysts' fourth-quarter expectations, posting earnings before items of 12 cents a share, compared with the consensus forecast of 3 cents. Sales fell to $6.3 billion from $7.2 billion a year ago.
Earnings Reports & Outlooks
earned 4 cents a share in the fiscal first quarter, 3 cents ahead of estimates. Revenue fell to $111.3 million from $148.4 million in the year-ago period.
posted a first-quarter loss of 3 cents a share before items, beating estimates by 2 cents. The business-to-business software maker said revenue fell to $55.3 million from $170.2 million in the same quarter last year. The company projected that it could break even, on a pro forma basis, by June.
posted first-quarter earnings of 94 cents a share, trouncing estimates by 17 cents. Revenue rose to $1.14 billion from $873.6 million a year ago.
reported fourth-quarter earnings, excluding items, of 20 cents a share, topping estimates by 2 cents.
reported third-quarter earnings before items of 38 cents a share, 2 cents ahead of estimates. Revenue rose 20% to $13.2 billion.
Mergers, Acquisitions & Joint Ventures
, after months of fending off a hostile bid, finally reached an agreement in principal to be acquired by
at a price of $55.50 a share in cash. The agreement will be considered at a Willamette board meeting expected to be held before the end of the month.
reported disappointing results from a study assessing the effectiveness of the company's Vagus Nerve Stimulation Therapy in 235 people with chronic or recurrent depression. The company said no statistically significant differences were found when comparing 12-week acute treatment and placebo group response and remission rates. Separately, the company said it expects to lose less than 40 cents a share in the third quarter. For the fourth quarter, Cyberonics projected a loss of less than 53 cents a share.
named Jim Skinner president and chief operating officer of the company's restaurant group, giving him operating accountability for more than 29,000 hamburger shops in 121 countries. Skinner previously served as president and operating chief of the Europe, Asia/Pacific and Middle East restaurant operating groups. As part of the management change, Alan Feldman, who agreed last year to remain at McDonald's through the completion of the U.S. reorganization, resigned as president and chief operating officer of the Americas to pursue other opportunities.
extended its five-year agreement with
covering mobile Internet services.