Updated from 10:43 a.m. EDT
cut its fourth-quarter earnings projections because of slowing sales of the company's antidepressant drug Prozac. The drug lost patent protection at the beginning of August. The drugmaker still expects to meet Wall Street's 66-cent consensus earnings estimate for the third quarter, but Lilly projected fourth-quarter income of 59 cents to 61 cents a share. Analysts were calling for 65 cents.
Earnings Reports & Warnings:
, a discount retailer, earned $34.1 million, or 20 cents a share, in the fourth quarter, matching the consensus estimate. The company earned $30.3 million, or 18 cents a share, in the year-ago period.
forecast a pro forma loss of 1 cent to 6 cents in the third quarter, before one-time items. The company, which also warned of a revenue shortfall, had projected a pro forma quarterly profit of 16 cents a share at the beginning of September.
warned that it expects third-quarter earnings of about 5 cents a share, before a charge of 4 cents. The company earned 44 cents in the year-ago period. Analysts were expecting the company to earn 17 cents a share.
forecast earnings of 10 cents to 15 cents in the fiscal third quarter. Analysts were anticipating 26 cents a share. The company also said September same-store sales could fall by as much as 17% to 20%.
, a hospital operator, earned $224 million, or 67 cents a share, in the fiscal first quarter. Analysts were expecting income of 64 cents. The company, which earned $154 million, or 48 cents a share, a year ago, expects fiscal 2002 operating earnings, on a per share basis, to rise 25%.
, the luxury jewelry store chain, expects to earn 12 cents to 15 cents a share in the third quarter, reducing its estimate from a range of 22 cents to 24 cents. Analysts were expecting income of 19 cents a share. The company also lowered its fourth-quarter earnings projection to a range of 49 cents to 56 cents. The company previously forecast a range of 60 cents to 65 cents. Analysts are calling for income of 55 cents a share.
said Edward Breen, the head of its networks business, will replace Robert Growney as president and operating chief Jan. 1. The company said Breen will become vice chairman when he steps down. He plans to retire in March.
said its load factor dropped to 53.4% in September from 65.7% in the same month last year. However, the company said that bookings were showing signs of improvement at the end of the month.
expects to buy the remaining 600,000 shares of
owned by Thomas Bailey, the company's founder. The company will pay about $603 million. Stilwell will own about 97.8% of Janus after closing the deal.
After Tuesday's Close:
said Alfred Chuang, the company's co-founder and operating chief, has been named chief executive, replacing co-founder Bill Coleman. Coleman will remain chairman and will become the company's chief strategy officer.
forecast a third-quarter loss of $3.6 billion. The company also said it will
cut 15,000 more jobs.
said its travel business is recovering from the terrorist attacks quicker than expected, and indicated that third-quarter revenue should be on the high end of its $280 million to $300 million target.
, the owner of job search site Monster.com, said it expects to earn 34 cents to 36 cents in the third quarter and 24 cents to 26 cents in the fourth quarter. Analysts were calling for income of 43 cents in the third quarter and 41 cents in the fourth. The company also lowered its 2002 projections.