perked up the tech sector with a strong second-quarter earnings report. The networking giant posted pro forma earnings of 25 cents a share, a penny ahead of the 34-analyst estimate and up from the year-ago 17 cents. The company also set a 2-for-1 stock split. Cisco cited strength in its end-to-end Internet solutions for each of its key markets.
For more details on Cisco's
earnings, see a separate story from the
said a hacker attack had shut down its site. The attack marked the third "denial of service" attack on a major Web site in just two days. Earlier,
, whose shares were enjoying a trading debut today, said a similar type of attack crippled its site for about three hours and
site problems yesterday were also believed to be the result of similar hacker activity.
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
posted a fourth-quarter loss of 93 cents a share, including a charge. The 11-analyst estimate called for an operating loss of 91 cents a share, while the year-ago loss of 79 cents also includes a charge. The company approved a 3-for-2 stock split.
warned that its net earnings fourth-quarter earnings will fall short of analyst estimates due in part to slower than expected part deliveries. The company said its earnings per share will be 8% to 12% above the year-ago earnings of 53 cents. The four-analyst estimate calls for 87 cents.
reported fourth-quarter earnings from continuing operation of 13 cents, excluding items. The 15-analyst estimate called for earnings of 14 cents while the year-ago earnings were 8 cents a share.
reported fourth-quarter pro forma earnings of 20 cents a share, in line with the five-analyst estimate and up from the year-ago 12 cents a share.
reported fourth-quarter earnings of 7 cents, better than the five-analyst expected loss of 1 cent a share. Year-ago pro forma earnings were 1 cent including items.
Mergers, acquisitions and joint ventures
natural gas gathering and processing business in Oklahoma, Kansas and West Texas in addition to other businesses. ONEOK will pay Kinder about $114 million plus an amount equal to net working capital at the closing.
Transportation Corp. of America
have terminated their stock-swap merger agreement just three weeks after it was announced. In a brief statement the companies gave no reason for calling off the deal which was unveiled on Jan. 18 , saying only that the decision was by mutual agreement.
Transport also reported fourth-quarter earnings of 15 cents before charges, compared with the year-ago earnings of 38 cents. The three-analyst estimate had called for earnings of 40 cents a share. The company also said it restated its results for its latest third quarter to reflect a reduction in revenue and costs related to a customer service agreement.
Offerings and stock actions
said CEO and President John Heine plans to step down once a successor is named to the posts. The company said Heine would remain on the board of directors.