AT&T Wireless Prices Historic IPO; Misses the Mark

Publish date:

E-tailing behemoth (AMZN) - Get Report posted a first-quarter loss of 35 cents a share, a penny narrower than the 26-analyst estimate, but wider than the year-ago loss of 12 cents a share. The company said it nearly doubled revenues and added more than 3 million new customers.

CFO Warren Jensen said Amazon should see strong growth in the second quarter, driven by a profitable U.S. book, music and video operation and rapid expansion in European markets.

For more on Amazon's

earnings, see coverage from's

joint newsroom.

AT&T Wireless Group


priced its historic initial public offering at $29.50 a share, raking in $10.62 billion for its parent


(T) - Get Report

making it the largest U.S. new issue ever. AT&T worked with underwriters

Goldman Sachs


Merrill Lynch


Salomon Smith Barney

on the deal.

In other postclose news (

Earnings estimates from First Call/Thomson Financial; earnings reported on a diluted basis unless otherwise specified.


Earnings/revenue reports and previews

Aether Systems


posted a first-quarter pro forma loss of $1.13 a share, in line with the four-analyst estimate and wider than the year-ago loss of 7 cents. The company said its operating loss per share was 29 cents.

(BYND) - Get Report

missed analysts¿ estimates by a wide margin in its first-quarter earnings release. The consensus estimate provided by

Thomson/First Call

was for a loss of 46 cents a share. Beyond reported a net loss of $20.6 million, or 55 cents a share. The company called it a transition quarter and claimed to have made substantial progress in its move away from consumer e-tailing.

Cirrus Logic

(CRUS) - Get Report

posted fourth-quarter earnings of 5 cents a share, a penny better than the four-analyst estimate and in-line with the year-ago 5 cents. The company announced it will move its headquarters from Fremont, Calif. to Austin, Texas to take advantage of several operating efficiencies.


(HAL) - Get Report

posted first-quarter earnings of 11 cents a share, in line with the 28-analyst estimate and a penny lower than the year-ago 12 cents a share. The company said it is planning to sell its Dresser Equipment Group unit which supplies equipment to the energy and chemical industries. Halliburton also said its board approved plans for a program to buy back up to 44 million shares, or about 10% of its outstanding stock.

Ingram Micro


reported first-quarter earnings of 17 cents a share, ahead of the 11-analyst estimate of 15 cents. The year-ago earnings of 29 cents includes items.

Sealed Air

(SEE) - Get Report

posted first-quarter earnings of 45 cents a share including preferred dividends of $17.1 million. The nine-analyst estimate called for 48 cents while the year-ago earnings of 34 cents also includes preferred dividends.

Wireless Facilities


posted first-quarter earnings of 14 cents a share excluding the impact of goodwill from acquisitions. Including the item, the company earned 12 cents. The four-analyst estimate called for 11 cents, while the year-ago earnings were 5 cents.

Mergers, acquisitions and joint ventures


(ALO) - Get Report

said it plans to buy the medicated feed additive business of Swiss drug maker

Roche Holding

for about $300 million.


(CBS) - Get Report



(VIA) - Get Report

said the

Department of Justice

approved their proposed $37 billion merger.

Offerings and stock actions

Powerwave Technologies


said its shareholders approved a 3-for-1 split of its stock.

As originally published, this story contained an error. Please see

Corrections and Clarifications.