Updated from 11:46 a.m. EST
Earnings Reports & Outlooks
expects to report first-quarter earnings of 18 cents to 20 cents share, well ahead of the consensus estimate of 13 cents. The sporting goods seller also projected earnings of $1.90 a share for the year, while analysts are calling for $1.85. Gart was climbing 11.4% to $33.20, which would mark a new 52-week high.
expects to post a first-quarter profit of 4 cents to 5 cents a share with revenue of $113.5 million. Analysts were expecting the company to lose 3 cents and record revenue of around $104 million. The company also raised its forecast for the full year. Shares of Getty were trading up 18.3% to $33.60, good enough to establish a new 52-week high.
Medical device maker
said sales for the first quarter will likely total $13.6 million to $13.8 million. Analysts expect a top line of $14.9 million. The stock was down 19.5% to $8.73.
Minnesota Mining & Manufacturing
was up 5.4% to $120.29 a day after saying its first-quarter earnings would come in at the high end of or above its earlier expectations. The company now expects to earn at least $1.20 a share in the quarter and also set plans to officially change its name to 3M, the shorthand by which the manufacturing giant is already better known.
, an energy company, said it expects to meet analysts' first-quarter estimates, but indicated that depressed price levels will make it "more difficult" to reach its previous earnings target of $3 for 2002. Analysts expect the company to earn 65 cents a share in the first quarter and $2.95 for the year, according to First Call. The shares were down 8.8% to $27.
, the low-priced Internet access provider, expects to report a loss of no more than 3 cents a share in the fiscal third quarter. Analysts were looking for a loss of 14 cents. The company also said it added more than 100,000 new paying subscribers during the quarter. United was gaining 11.7% to $8.66.
expects first-quarter revenue of about $9.8 million, which would represent an increase of more than 20% from the same quarter, but would still be below previous guidance. The stock was falling 21.1% to $7.02.
EOTT Energy Partners
said a federal bankruptcy judge will allow the company to secure long-term storage and tolling agreements for its Mont Belvieu storage facility and MTBE plant in Houston. Also, in proceedings related to the
bankruptcy filing, the bankruptcy court has approved the termination of the existing agreements between EOTT and an Enron unit,
Enron Gas Liquids
. EOTT is now free to seek other customers for the two facilities. As a result of the rejection of the contract, EOTT has a monetary damage claim against Enron Gas Liquids and Enron that will be filed in the bankruptcy proceedings. EOTT is a crude oil marketing and transporting partnership. The company's general partner is a unit of Enron. Shares of EOTT were gaining 7.6% to $6.81.