Bed Bath & Beyond
is enjoying a comfortable week. The domestic merchandise chain posted second-quarter earnings of 23 cents a share, a penny better than the 17-analyst
First Call/Thomson Financial
estimate and up from a year-ago 18 cents a share. The company said same-store sales increased 9.7% in the latest quarter.
Standard & Poor's
announced Monday that Bed Bath & Beyond will be added to the
, although the move has been postponed because of a delay in
And speaking of the index ...
... Standard & Poor's said
in the S&P 500, upon completion of Global's $9 billion buyout of Frontier.
Island ECN offers trading, mainly in Nasdaq-listed stocks, from 8 a.m. to 8 p.m. EDT. Prior to September 15, 1999, Island offered trading from 8 a.m. to 5:15 p.m. EDT
MarketXT, formerly Eclipse Trading, offers after-hours trading to retail clients of Morgan Stanley Dean Witter's (MWD) Discover Brokerage and Mellon Bank's (MEL) Dreyfus Brokerage Services. Clients can trade 200 of the most actively traded New York Stock Exchange and Nasdaq Stock Market issues, 6 p.m. to 8 p.m. EDT Monday through Thursday.
updates the most active issues on both MarketXT and Island ECN in Got a Minute? and in the Evening Update.
also reports how MarketXT's three most active Nasdaq-listed issues finished the Island ECN session
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
said it sees fourth-quarter earnings below analyst estimates, due to a decline in its customer base. The eight-analyst estimate calls for 17 cents a share. The company said it expects a fourth-quarter gain of $15 million on the sale of its stake in
, a natural gas marketer.
Cable Design Technologies
reported fourth-quarter earnings of 47 cents a share, better than both the seven-analyst estimate and year-ago 40 cents.
posted second-quarter results of 14 cents a share, including a 5 cent gain. The four-analyst estimate called for earnings of 6 cents a share and the year-ago result was 5 cents.
posted second quarter results of 4 cents a share, short of the eight-analyst estimate of 6 cents a share and the year-ago 15 cents.
Thanks to a vogue for those funky marshmallow sofas a la
, furniture maker
posted first-quarter earnings of 43 cents a share, beating the seven-analyst estimate of 41 cents and a year-ago 39 cents a share.
posted a first-quarter loss of 37 cents a share, in line with the six-analyst estimate but wider than the year-ago loss of 25 cents.
posted first-quarter earnings of 42 cents a share, a penny better than the eight-analyst estimate of 41 cents a share and up from 35 cents a year ago.
Offerings and stock actions
6.25 million-share IPO at $13, the top of the estimated $11-to-$13 range. The Houston-based retailer sells luxury goods.
Direct email marketer
3.4 million-share offering was priced at $11 a share, within the estimated $10-to-$12 range.
Deutsche Banc Alex. Brown
is the lead underwriter.
And stay out ... Shares of
were suspended from the Big Board, a day after the company said it wanted to switch to the
Nasdaq Stock Market
. The NYSE said it would stop trading the shares on Oct. 7 and seek permission from the
Securities and Exchange Commission
to delist the stock.
named Arthur Reeds III president, chairman and CEO, succeeding Leonard Rubenstein, who retired.
plans to buy up to 20 717-200 commercial passenger jets from
as part of an effort to modernize its fleet and cut operating costs. The airline placed a firm order, valued at more than $430 million, for 13 planes to be delivered in 2001.