reported third-quarter earnings of 33 cents a share, meeting Wall Street's expectations. The company earned 31 cents in the year-ago period. Sales rose 15.5% to $52.7 billion. Same-store sales for the quarter were up 6.7%.
Earnings Reports & Warnings
disclosed plans to consolidate operations and cut 20% of the company's staff. The company also forecast net revenue of $40 million to $50 million and a loss of 15 cents to 20 cents a share in the fourth quarter. According to First Call, analysts expect the company to lose 17 cents on revenue of $43.5 million.
posted third-quarter income of 33 cents a share, matching estimates. Sales rose 15.1% to $13.3 billion. The company also expects to meet the fourth-quarter consensus earnings estimate of 28 cents a share.
reported third-quarter earnings from continuing operations of 13 cents a share, in line with the consensus estimate. Sales rose 2.5% to $7.73 billion. The company expects earnings of 30 cents to 35 cents for the year, while analysts are looking for income of 33 cents.
Chief Executive Larry Ellison told a conference at the Comdex show that the company expects to earn 9 cents or 10 cents a share in the second quarter, compared with analysts' consensus estimates of 11 cents. The outlook led Credit Suisse First Boston to drop its rating on the stock to hold from buy.
posted third-quarter earnings of 46 cents a share, excluding items. Analysts were looking for income of 62 cents. Revenue increased 51% to $270.9 million. The company also lowered its guidance for the fourth quarter and 2002.
reported third-quarter earnings of 7 cents a share, 2 cents better than the consensus forecast. Revenue rose 8.8% to $462.1 million. The company projected fourth-quarter earnings of $1.07 to $1.14 a share, with revenue of $756 million to $771 million. Analysts are looking for income of $1.06.
ABN Amro downgraded
to sell from hold, after the company posted a fourth-quarter loss of 0.76 euros per share (67 cents a share) and a loss before interest and taxes of 882 million euros ($777 million). The firm cited the results, the stock's valuation and concerns about the DRAM market in the downgrade. ABN believes fair value for the stock is in the $14 range.
is filing a shelf registration statement with the Securities and Exchange Commission covering $250 million of mixed securities.
signed an agreement to provide copper producer
access to its e-sourcing software and service products.