Advanced Micro Devices
announced a first-quarter loss of 39 cents per share, falling a dime short of the 23-analyst prediction and 48 cents below last year's profit. The company said it has a good chance of returning to profits in the third quarter.
The company also said it plans to ship at least two million K-6 processors this quarter. Separately,
announced it has begun shipments of two new models in its Aptiva line of PCs, including the first to use the new 300-megahertz K6 microprocessor from Advanced Micro Devices.
took a closer look at AMD's announcement in a
In other post-close news (
earnings estimates from First Call
Earnings reports and previews
reported fourth-quarter earnings of 16 cents per share, compared with the four-analyst prediction of a two-cent loss and the year-ago 20-cent profit.
said it expects to report first-quarter revenue that is 30% to 35% below the year-ago $40.8 million because of conditions in the disk drive and semiconductors markets. Before $5 million to $7 million in anticipated charges, the company expects to report a first-quarter income of between $2 million and $3 million.
unit CEO John Antioco said Blockbuster's strong first-quarter sales will continue into the second quarter and beyond. Antioco said Blockbuster will accelerate new store openings in 1999.
reported second-quarter earnings of 15 cents per share, on target with the 10-analyst estimate and above last year's nine cents.
said it expects to report first-quarter earnings in the range of 14 to 18 cents per share, missing the five-analyst estimate of 28 cents and the year-ago 20 cents.
reported second-quarter earnings of 1 cent per share, beating the two-analyst estimate of a 2-cent loss but down from the year-ago profit of 11 cents per share. (
As originally posted, this story incorrectly said Northland Cranberries missed an estimate of a 2-cent profit
said it expects to report second-quarter earnings of $2 million.
Mergers, acquisitions and joint ventures
said they will swap two local cable systems: Time Warner's Litchfield, Conn., system for Cablevision's Rensselaer, N.Y., system.
said it has acquired privately held
in a $36.6 million stock swap. GenRad will incur a $2.5 million second-quarter charge from merger costs.
Offerings and stock actions
said it has registered for a 2.8 million-share offering.
Comings and goings
named William Jellison senior vice president and CFO.
Xionics Document Technologies
named Robert Lentz senior vice president and CFO after Gerard Feeney resigned. Lentz was the vice president of corporate development for
System Software Associates
said its Chairman and CEO Roger Covey has resigned. President and COO William Stuek will be named CEO.
said a Pennsylvania judge has ruled that the company's restructuring plan adheres to the state's deregulation law.
Allen Hart, a holder of 412,000 shares of
, called for the company to merge with