Stocks to Watch: Borland Affirms Guidance, Deere Tops Estimates

Also, Krispy Kreme drops plans to use a synthetic lease at an Illinois plant.

Author:
Publish date:: Feb 12, 2002 11:07 AM EST

Also, Krispy Kreme drops plans to use a synthetic lease at an Illinois plant.

Krispy Kreme

(KKD)

said fourth-quarter total company revenue rose 40.3% to $114.9 million. Additionally, the company said it was comfortable with its earnings guidance of 44 cents a share in 2002 and 61 cents a share in 2003. Also, the company will no longer finance its new manufacturing and distribution facility in Illinois with a synthetic lease. The company will instead use conventional, on balance sheet financing on the $35 million facility. The doughnut maker said its banks have approved conventional financing for the facility.

Earnings Reports & Outlooks

Blockbuster

(BBI) - Get Report

posted fourth-quarter earnings, excluding items, of 35 cents a share, beating the consensus expectation by 7 cents. According to generally accepted accounting principles, the company lost 3 cents. Revenue rose to $1.36 billion from $1.34 billion. In 2002, the company expects to open about 300 company-operated stores and achieve double-digit growth in earnings before interest, taxes, depreciation and amortization.

Borland

(BORL)

reaffirmed its guidance for the first quarter and fiscal 2002. The company expects earnings of 7 cents to 9 cents in the first quarter. The consensus forecast is 8 cents. The company also said it knows of no reason for the decline in its stock price Monday, when the shares dropped 17%.

Concord EFS

(CEFT)

reported fourth-quarter earnings of 17 cents a share, in line with the consensus estimate. Revenue rose 18% to $473.6 million.

Deere

(DE) - Get Report

lost 16 cents a share in the first quarter, topping the consensus forecast by 8 cents. Revenue fell 7% from a year ago to $2.52 billion.