Circus Circus Rises After Hours On Upside Earnings
Circus Circus
(CIR) - Get CIRCOR International Inc. Report
posted first-quarter earnings of 43 cents a share, 3 cents higher than the 17-analyst forecast and above the year-ago 23 cents. The stock picked up 13/16 to 24 in after-hours trading.
Goldman Sachs
priced
eToys'
(ETYS:Nasdaq) 8.3 million-share IPO top-range at $20 a share. The price range for the online toy seller's offering was raised to $18 to $20 from $10 to $12 earlier today. Elsewhere in new issues,
Bear Stearns
priced
CAIS Internet's
(CAIS:Nasdaq) 6 million-share IPO above-range at $19 a share. The company is an Internet service provider based in Washington.
A judge ruled in favor of
Jeffrey Katzenberg
in the former
Disney
(DIS) - Get The Walt Disney Company Report
TheStreet Recommends
exec's $250 million bonus lawsuit against the Mouse, according to a
Reuters
report. The former head of Disney's film unit didn't forfeit a lucrative bonus when he left the company in 1994 without exercising a two-year contract extension,
Reuters
said the judge ruled.
In other postclose news (earnings estimates from First Call; earnings reported on a diluted basis unless otherwise specified):
Earnings/revenue reports and previews
Etec Systems
(ETEC)
reported third-quarter earnings of 9 cents a share, 1 cent below the 12-analyst prediction and behind the year-ago 47 cents. The company also warned of losses in the fourth and first quarters.
Hannaford Bros.
(HRD)
said its April sales rose 0.1% to $243 million.
Inference
(INFR) - Get Legg Mason Global Infrastructure ETF Report
posted a first-quarter loss of 29 cents a share, including an acquisition charge. The single-analyst forecast called for an operating loss of 20 cents vs. the year-ago loss of 36 cents.
Silverleaf Resorts
(SVR)
said it sees second- and third-quarter earnings falling 6 cents to 8 cents a share below estimates due to higher growth-plan expenses. The four-analyst view called for 52 cents in the second quarter, vs. the year-ago 41 cents, and 55 cents in the third quarter, vs. the year-ago 42 cents.
In other earnings news:
Offerings and stock actions
Covad Communications
(COVD)
filed with regulators for a 7.5 million-share secondary offering.
Miscellany
Brazil's monetary policy committee, know as the
Copom
, lowered the reference
Selic
interest rate -- which determines the yields on domestic debt and is used to set consumer credit rates -- to 23.5% from 27.0%. The Copom also maintained the bias to ease the reference rate until its next meeting.
