reported fourth-quarter earnings of $2.02 a share, excluding items, a penny ahead of the First Call consensus estimate. Including items the retailer earned $1.52 a share. Revenue fell 1.1% to $12.24 billion. The company expects earnings per share to increase 13% to 15% in 2002.
Earnings Reports & Outlooks
reported fourth-quarter earnings before items of 35 cents a share, missing estimates by a dime.
Kulicke & Soffa
, a semiconductor equipment maker, posted a first-quarter loss, excluding items, of 32 cents a share, missing estimates by 10 cents. Including items, the company lost 36 cents. Revenue fell 33% to $103.2 million. For the second quarter, the company projected a top line of $95 million to $105 million.
reported fourth-quarter earnings, excluding items, of 3 cents a share, a penny ahead of estimates. Factoring in the items, the company lost 52 cents. Sabre forecast first-quarter earnings of 47 cents to 52 cents a share. Analysts are expecting 47 cents. The company projected 2002 earnings, excluding items, of $1.80 to $1.90, while analysts are looking for $1.84.
reported fourth-quarter earnings, excluding items, of 4 cents a share. Analysts expected the company to break even. Including items, the carrier earned 8 cents.
Lehman Brothers analyst Dan Niles upgraded
to buy from market perform. The hardware giant is scheduled to report fourth-quarter earnings after the close of trading Thursday. Analysts, according to First Call, expect the company to earn $1.32.
Mergers, Acquisitions & Joint Ventures
is in talks to sell certain PC manufacturing operations in France to
. Last week
said it would outsource the manufacture of its NetVista personal computer line to Sanmina in the U.S. and Europe under a three-year, $5 billion pact.
agreed to merge in a stock swap. The company will keep the Proxim name and stock symbol.
plans to transfer its stock listing to the
New York Stock Exchange from the
Nasdaq. The stock will begin trading on the NYSE Feb. 12.