Updated from 2:29 p.m. EDT
Getting all huffy last night was
, which said restrictions imposed by Connecticut regulators on the company's proposed purchase of
"calls into serious question" whether the merger will happen at all. Today, Con Ed closed up 56 cents, or 1.7%, to $33.81.
Mergers, acquisitions and joint ventures
said it's acquired
for $33 million plus the assumption of debt and other obligations. 3Com closed down 38 cents, or 1.9%, to $19.50.
Printing products manufacturer
Electronics for Imaging
said it has acquired more than 93% of
in a tender offer. The company merged Splash with its Vancouver acquisition unit. EFI took over more than 2.2 million shares in the tender offer, which expired Monday. Electronics for Imaging ended the day down 31 cents, or 2.2%, to $14.
signed an agreement to buy a 48% stake in
for about $360 million.
Earlier today, Weatherford posted 3Q EPS of 19 cents, in line with 19 cent estimate and above last year's 3 cents. Weatherford closed down $1.94, or 5%, to $36.75; Universal Compression was up $3.81, or 14.6%, to $30.
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Earnings/revenue reports and previews
reported third-quarter earnings of 27 cents a share, beating the 25 cent
First Call/Thomson Financial
estimate and last year's 21 cents a share.
Third-quarter revenue came in at $7.2 billion, a 7% gain over the previous year. Sales of the company's drugs, which include the cholesterol fighter Lipitor, anti-arthritis treatment Celebrex and the much-joked-about Viagra, rose 12% during the quarter.
Pfizer also said full-year earnings would meet analysts' expectations, but the company forecast a $1 billion reduction in revenue, stemming from currency weakness and other factors. Pfizer said full-year revenue would come in at $30 billion. The stock closed down $2.38, or 5.2%, to $43.
, announced third-quarter earnings of 40 cents a share, in line with what the analysts thought and 5 cents a share better than last year's 35 cents a share. Schering-Plough reported a 14% rise in profits thanks to sales of Claritin, which soothes allergy sufferers. The little pill accounted for a third of Schering's $2.4 billion in sales. Schering-Plough closed down 50 cents, or 0.9%, to $52.50.
In other earnings news from earlier today,
Colgate-Palmolive Beats Third-Quarter Estimates by a Penny
Xerox Higher on Restructuring
Tyco International Beats Fourth-Quarter Estimates
Free Markets Rises to Beat Street
Qwest Communications Beats Third-Quarter Estimates
Activision Rises on Earnings, Guidance
Here's a quick roundup of company earnings releases and how they fared against estimates and last year's quarter:
Affiliated Computer Services
1Q earnings per share of 57 cents, in line with 57 cent estimate and last year's 47 cents. Affiliated closed up $2.06, or 4.1%, to $52.88.
3Q EPS of 48 cents, in line with 48 cent estimate and above last year's 44 cents. Allied closed up 19 cents, or 0.99%, to $19.13.
3Q loss of 58 cents a share, below 57 cent loss estimate and last year's 49 cent loss. The stock ended the day up 13 cents, or 2.4%, to $5.25.
3Q EPS of 59 cents, above 56 cent estimate and last year's 38 cents. Anixter closed down $1.06, or 4.6%, to $21.94.
, a manufacturer of adhesive products, reported third-quarter earnings of 73 cents a share, in line with the seven-analyst estimate and up from the year-ago 65 cent result. Avery closed flat at $43.81.
3Q EPS of $1.29, above $1.24 estimate and last year's $1.13. Ball ended the day up $3, or 9.9%, to $33.19.
posted earnings of 96 cents a share, matching the 11-broker consensus but below the year-ago 98 cent profit. Bowater closed up $3.69, or 8.1%, to $49.38.
1Q EPS of 5 cents, below 8 cent estimate and last year's 13 cents. Consol closed down 19 cents, or 0.98%, to $18.88.
3Q EPS of 28 cents, including a charge related to its agreement to sell international container-shipping operations, a penny better than the eight-analyst estimate and up from the year-ago loss of 56 cents a share. Excluding the item, earnings were 55 cents a share. CSX closed up $1.63, or 7.8%, to $22.44.
3Q EPS of 18 cents, above 17 cent estimate and in line with last year's 18 cents. Flowserve ended the day up $1.19, or 7.1%, to $18.
3Q EPS of 93 cents, above 91 cent estimate and last year's 83 cents. GATX closed down $3.25, or 7.7%, to $38.81.
3Q EPS of 56 cents, above 53 cent estimate but lower than last year's 64 cents. The stock closed up $1.69, or 9.5%, to $19.38.
3Q EPS of 59 cents, above 56 cent estimate and last year's 58 cents. Lear ended the day up $2.31, or 10.8%, to $23.75.
3Q EPS of 91 cents, above 89 cent estimate and last year's 66 cents. Lincoln National closed up $2.13, or 4.8%, to $46.38.
Metromedia Fiber Network
3Q loss per share of 17 cents, above 26 cent loss estimate and worse than last year's 16 cent loss. Metromedia ended the day up $1.58, or 9.1%, to $18.94.
3Q EPS of 15 cents, above 14 cent estimate and last year's 1 cent loss. The stock closed down 63 cents, or 1.98%, to $30.88.
3Q EPS of 93 cents a share, above 76 cent estimate and year-ago's 54 cents a share. The company attributed its growth to its ability to keep its feedstock costs down amid rising energy prices. Nova closed up 44 cents, or 2.3%, to $19.25.
3Q EPS of 48 cents, above 47 cent estimate and last year's 39 cents. Omnicom closed up $5.13, or 6.4%, to $85.25.
1Q EPS of 31 cents, below 32 cent estimate and above last year's 30 cents. Regis stock closed flat at $15.56.
3Q loss per share of 62 cents, above 82 cent loss estimate and last year's 84 cent loss. Sepracor closed down $3.44, or 4%, to $81.88.
reported third-quarter earnings of 10 cents a share, topping the five-analyst 5 cent estimate and the year-ago 3 cent result. Spiegel ended the day down 22 cents, or 2.9%, to $7.38.
3Q EPS of $1.55, above $1.54 estimate and last year's $1.40. SPX closed down $2.94, or 2.3%, to $124.94.
, which provides management services, said it's comfortable with the current Wall Street estimate of a 34 cent profit for the third quarter. The company also said that, going forward, it will delay quarterly earnings announcements by about two weeks to more closely match new fair-disclosure requirements. StarTek closed down $1.13, or 4.3%, to $24.94.
Data services provider
posted a loss of 37 cents a share, narrower than the eight-analyst estimate of a 44 cent loss. The stock closed down $12.88, or 15.5%, to $70.38.
3Q EPS of 72 cents, in line with 72 cent estimate and above last year's 64 cents. Torchmark ended the day down $1.75, or 6.2%, to $30.19.
Transocean Sedco Forex
3Q EPS of 19 cents, below 20 cent estimate. Transocean closed down $2.63, or 4.4%, to $56.44.
After Monday's Close
reported second-quarter earnings of 17 cents a share, beating the eight-broker First Call/Thomson Financial estimate for 9 cents. The company raised its full-year earnings per share estimates to 63 cents from the current 55 cent estimate. Activision closed down 69 cents, or 4.6%, to $14.25.
, a data-services company, reported fiscal second-quarter earnings of 30 cents a share, beating the 12-broker First Call consensus estimate looking for 27 cents a share. The company reported earnings of 24 cents a share this time a year ago. Acxiom closed up $7.31, or 22.8%, to $39.44.
reported earnings of 6 cents a share, ahead of the five-broker estimate for 3 cents a share. The company reported a loss of 10 cents during the year-ago quarter. Aurora ended the day up $1.81, or 3.3%, to $57.19.
reported fiscal first-quarter earnings of 27 cents a share, in line with the 12-broker consensus. The company reported earnings of 22 cents a share for the year-ago period. BISYS closed up $3.19, or 7.7%, to $44.75.
, a communications-equipment maker,
reported earnings of 43 cents a share, beating the five-broker First Call estimate looking for earnings of 39 cents a share. At this time a year ago, earnings were 38 cents a share. CommScope closed up $4.13, or 20.8%, to $24.
reported earnings of 34 cents a share, beating the 14-broker consensus looking for 33 cents a share. At this time last year, the company reported earnings of 28 cents per share. Fiserv closed down $11.25, or 19.5%, to $46.56.
Electronic travel company
reported earnings of 72 cents a share, compared with the six-broker consensus looking for 70 cents a share. The company earned 69 cents a share for the same period a year ago. The company last week said it was "exploring options," and yesterday said it was going to repurchase 1.1 million shares of its stock. Galileo closed up 19 cents, or 1%, to $18.75.
, a developer of DSL circuits, reported pro forma earnings of 18 cents a share for the third quarter, beating the nine-broker consensus for 11 cents a share. The company reported a loss of 1 cent for the year-ago period. GlobeSpan closed up $1.88, or 2.1%, to $92.25.
Bill Clinton would deny any knowledge of the existence of this company, but they're doing something right.
Inhale Therapeutic Systems'
earnings were, like, a major rush. The company, which is creating an inhalation drug delivery system to deliver peptides and proteins into the deep lung, reported a loss of 29 cents a share (bummer, man), but still beat the 10-broker consensus of 31 cents a share. At this time last year, the company reported earnings of 21 cents a share. Inhale closed down $2.50, or 5.3%, to $45.13.
reported fiscal second-quarter earnings of $1.08 a share, ahead of the four-broker consensus looking for 94 cents a share. Last year, the company reported earnings of 11 cents a share for the same time period. KEMET ended the day down $2, or 7%, to $26.50.
Laboratory Corp. of America
reported earnings of 94 cents a share, besting the seven-broker First Call estimate for 81 cents a share. At this time a year ago, the company reported earnings of 32 cents a share. The company's stock closed up $18.06, or 15.99%, to $131.
reported third-quarter earnings of 57 cents a share, beating the seven-broker First Call estimate of 56 cents a share. At this time a year ago, the company reported earnings of 52 cents a share. Prologis ended the day down $1.50, or 6.5%, to $21.50.
reported earnings of 44 cents a share, compared with the five-broker estimate for 43 cents a share. The forest products company reported earnings of 61 cents a share at this time last year. The company blamed a slowing economy and strength in the dollar for the decline in earnings. Rayonier closed up $1.44, or 4.5%, to $33.63.
Rohm & Haas
reported earnings of 38 cents a share, in line with the 13-broker consensus. However, company officials, in their release, said their outlook is "cautious," and that they expects volume growth to be flat in the fourth quarter. Rohm & Haas closed up 56 cents, or 2.1%, to $27.38.
reported earnings of $1.67 a share, easily beating the three-broker consensus looking for earnings of $1.55 a share. For the same period a year ago, the company earned $1.15 a share. Ryland closed up 38 cents, or 1.4%, to $28.19.
Electronic-component and assembly producer
reported earnings of $1.69 a share, ahead of the four-broker consensus for $1.56 a share, and ahead of last year's third-quarter earnings of 75 cents a share. The company also announced a 2-for-1 stock split, payable Nov. 27. Technitrol closed up $15.69, or 16.9%, to $108.81.
, the plastic containers that are fun to wear, reported earnings of 10 cents a share for the third quarter, in line with the four-broker First Call estimate. However, the company said weakness in the euro, which has plagued many companies this quarter, would cause a 10 cent to 12 cent drag on fourth quarter earnings. The negative impact on net income for the year is estimated at 24 cents to 26 cents a share. Tupperware closed down 50 cents, or 3.1%, to $15.63.
reported earnings of 76 cents a share, besting the five-broker consensus for 75 cents a share. For the time period one year ago, the company earned 65 cents a share. The company also authorized a $50 million stock buyback. United Stationers ended the day up $1.31, or 5.3%, to $26.
Spanish-language television company
reported earnings of 12 cents a share, compared with earnings of 9 cents a share at this time last year. Univision closed up $1, or 2.6%, to $39.
, a specialty chemicals company, reported earnings of 51 cents a share, beating the six-broker First Call consensus for 50 cents a share. Net income in the third quarter was $34.1 million, compared to $42 million for the previous year's third quarter. Income and profit margins were hurt this year by rising fuel costs -- that's hurt many chemical companies this quarter -- as well as the oft-cited weak euro.
The company reported earnings of 44 cents a share for the year-ago period. W.R. Grace closed down 13 cents, or 3.1%, to $3.88.
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was downgraded to a buy from strong by Rick Whittington at
Banc of America Securities
. He said the move was made because the stock hit its recently reduced $50 price target and had "reduced earnings visibility" while the cell phone inventory was adjusted. But also he noted that TI should be able to grow overall semi revenue some amount in the fourth quarter. TI closed down $3, or 6.1%, to $45.88.
was downgraded this morning to outperform from strong buy, and its price target was slashed to $55 from $110 at
Morgan Stanley Dean Witter
downgraded it to market performer from buy. Monday, the company warned of a slowdown in orders for its chips that are used in mobile phones and computers, which would hurt second- and third-quarter earnings. National Semiconductor closed down $12.69, or 34.4%, to $24.25.
: 2000 loss estimate was cut to $1.22 from $1.40, with price target of $85 at
. 2000 loss estimate cut to $1.22 from $1.40 and 2001 loss estimate cut to 80 cents from $1.22 at
. Last night, FreeMarkets posted strong third-quarter results. (
covered FreeMarkets' earnings announcement in a separate
story .) The stock closed today up $5.97, or 11.9%, to $55.94.
: UP to buy from hold at
Credit Suisse First Boston
. PeopleSoft closed up 38 cents, or 0.9%, to $43.
: UP to buy from accumulate in its near-term rating at Merrill Lynch. Qwest ended the day up $2.31, or 5.1%, to $47.69.
: UP to market outperformer from market performer at
; Price target UP to $171 from $150 at CSFB. Sanmina closed down $1.81, or 1.6%, to $113.81.
Bed Bath & Beyond
: DOWN to outperform from buy at
. The company's stock closed down 31 cents, or 1.3%, to $24.25.
: DOWN to outperform from strong buy at Morgan Stanley Dean Witter. Comerica closed up 94 cents, or 1.7%, to $55.75.
: DOWN to neutral from buy at Merrill Lynch. marchFIRST closed down $6.94, or 58.7%, yes, that's 58.7%, to $4.88.
: REINSTATED buy at CSFB; price target: $70. About.com closed down 31 cents, or 1.3%, to $24.50.
Advanced Micro Devices
: NEW attractive at
; price target: $27. AMD ended the day down $1.69, or 7.7%, to $20.19.
: NEW market outperformer at Goldman Sachs. Credence closed down $1.75, or 8.8%, to $18.19.
: NEW outperform at Lehman; price target: $62. Curagen closed up $2.31, or 4.4%, to $54.94.
: NEW buy at
. Elastic Networks ended the day down 13 cents, or 1.8%, to $7.
: NEW strong buy at Prudential; price target: $26. Genomica ended up $1.63, or 13.98%, to $13.25.
: REINSTATED buy at CSFB; price target: $25. GoTo.com closed up 44 cents, or 3.6%, to $12.69.
: NEW outperform at
Salomon Smith Barney
; price target: $70. Microsoft ended the day down 63 cents, or 1%, to $61.50.
: NEW buy at Salomon Smith Barney; price target: $30. Power Tech closed 25 cents up, or 1%, to $24.75.
: NEW outperform at Salomon Smith Barney; price target: $88. Scholastic closed up 13 cents, or 0.2%, to $74.50.
: NEW strong buy at Morgan Stanley Dean Witter; price target: $44. Southern Energy closed down $1.63, or 5.6%, to $27.25.
: REINSTATED buy at CSFB; price target: $35. The stock ended the day down 19 cents, or 1.3%, to $14.44.
: NEW near-term accumulate/long-term buy at Merrill Lynch. Wilson Greatbatch closed up 6 cents, or 0.3%, to $24.75.
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Offerings and stock actions
, which makes storage products for digital video, music, pictures and data, said nonmanagement shareholders plan to sell 1.56 million shares in an offering. SmartDisk closed down 25 cents, or 2.2%, to $11.13.
After Monday's Close
yesterday increased its quarterly dividend to 24 cents a share from 22 cents. In addition, the
Federal Reserve approved a proposal by the banking giant to take over
, the fifth-largest bank in Iowa. Wells Fargo closed up $1.13, or 2.7%, to $43.31.
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After Monday's Close
is lettin' it all hang out today. The company just named
president, a promotion from chief credit officer. The stock closed up $1.25, or 2.5%, to $51.06.
said it received approval for tablets to treat osteoporosis on a weekly basis as an alternative to the daily doses it already markets. The drug stock ended the day up 69 cents, or 0.8%, to $85.44.
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By the Numbers
The data on NYSE and Nasdaq percent winners and losers are filtered to exclude stocks whose previous day's volume was less than 25,000 shares; whose last price was less than 5; and whose net change was less than 1/2.
Dow point gain and loss data are based on New York closing prices and do not reflect late composite trading.
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