Take-Two Interactive Software
asked the Securities and Exchange Commission for a 15-day extension to file its annual report. Trading in Take-Two has been halted since Jan. 22 following the
company's postponement of its quarterly results.
Earnings Reports & Outlooks
Linens 'n Things
posted earnings of 78 cents a share, excluding items, for the fourth quarter, 3 cents ahead of the consensus estimate. Including items, the company earned 20 cents. Revenue rose 18.6% to $587.9 million. The company also said it remains comfortable with the range of analysts' estimates for the first and second quarters and 2002.
posted fourth-quarter earnings of 9 cents a share, topping estimates by 4 cents. Sales rose 7% to $664.6 million.
reported third-quarter earnings of 41 cents a share, 3 cents ahead of estimates. The company attributed the upside surprise mainly to a lower tax rate. Revenue slipped to $474.8 million from $475.8 million a year ago. The company said it expects fourth-quarter earnings of 40 cents a share, which is the current First Call consensus estimate of 38 cents adjusted upward to reflect a lower tax rate. For fiscal 2003, Hilfiger forecast earnings of $1.55 to $1.75.
Mergers, Acquisitions & Joint Ventures
agreed to acquire
. The stock and cash deal is valued at about $603 million, but that includes the assumption of debt.
will name Louis Camilleri, 47, president and chief executive April 25, following the annual stockholders' meeting. Geoffrey Bible, the current CEO, will continue as chairman until his scheduled retirement at the end of August.