said it expects to report a first-quarter loss of between 15 and 25 cents per share, significantly lower than the 22-analyst prediction of a 16-cent profit. The company blamed purchasing delays and softness in deliveries of wireless switch platforms.
* * * * *
Does it really matter?
Barnes & Noble
announced after the bell -- and about an hour after the
sexual-harassment case was thrown out -- that it is being subpoenaed about
book purchase records.
In other post-close news (earnings estimates from
Earnings reports and previews
, parent company of
, said its earnings guidance to analysts remains $1.55 per fully distributed share for the first quarter despite a note from the company's COO asking employees to help cut costs and find ways to create extra revenue. The 13-analyst projection calls for $1.45 versus the year-earlier $1.61.
Citing weakness in demand from Asian customers,
said it expects fourth-quarter earnings to come in 10% below the nine-analyst prediction of 30 cents per share. The company earned 30 cents in the year-earlier period.
said it is comfortable with analyst earnings estimates in the range of $1.10 and $1.20 per share for 1998 and $1.60 and $1.70 per share for 1999. The seven-analyst EPS estimate for 1998 calls for $1.06, and the five-analyst EPS estimate for 1999 calls for $1.62.
weekly revenue for the first 12 weeks of 1998 was below the level required by the covenants in its senior credit facilities, according to the company's 10-K filing with the
Securities and Exchange Commission
said it expects to report third-quarter earnings between 12 and 14 cents per share -- below the nine-analyst estimate of 29 cents and the year-ago 25 cents.
reported second-quarter earnings of 61 cents per share, on target with the two-analyst estimate and up from last year's 55 cents. The company said it is on track to generate between $170 million and $175 million in 1998 net revenues.
said the 24-analyst 1999 earnings estimate of $2.03 per share was "in range."
said it expects to meet the five-analyst first-quarter prediction of a three-cent loss per share, including a $600,000 charge. The company also said CFO Joseph Tibbetts Jr. has resigned.
Lone Star Steakhouse & Saloon
reported first-quarter earnings of 35 cents per share, on target with the nine-analyst estimate and below the year-ago 44 cents.
Citing lower-than-expected promotional revenues and costs associated with expansion plans,
said it expects to report a first-quarter loss of five cents per share, missing the three-analyst prediction of a nickel profit. The company, which lost two cents a year earlier, said it will postpone its launch of a prepaid cellular product.
said it expects to report 1998 earnings between 13 cents and 14 cents per share, which is below the single-analyst estimate of 16 cents. The company also said it will take a one-time charge of $30.4 million in its fourth quarter.
Blaming soft demand,
said it expects to break even in its first quarter, missing the two-analyst estimate of four cents per share. The company made 22 cents a year earlier.
said its March same-store sales were up 5.3% to $197.1 million.
said its March same-store sales rose 16.1% and its first-quarter same-store sales rose 6.1%.
Mergers, acquisitions and joint ventures
said it has completed its acquisition of
, with each share of Schult converted into the right to receive $22.50 in cash.
Clear Channel Communications'
$1.1 billion acquisition of
Universal Outdoor Holdings
Offerings and stock actions
Great Southern Bancorp
said it will repurchase up to 800,000 shares.
said it has repurchased 178,400 shares of its own stock.
has proposed to increase its shares to 175 million from 75 million, which will allow for a two-for-one stock split.
Comings and goings
Vice Chairman David Corvese has resigned.
named President and COO Brian Bonar CEO as well.
PSS World Medical
said Thomas Hixon has been named president and COO.
Salomon Smith Barney
to buy from outperform.
Salomon Smith Barney unit said it is cooperating with federal authorities who have filed suit against a former firm employee and five other individuals, alleging they made more than $1.8 million trading on insider information.
Procter & Gamble
said it has invested $170 million in a new plant in Mexico.
said its March load factor dropped 2.6% to 70.6% year over year.
said it has been served with a complaint commencing a second civil antitrust action for alleged violations of the Sherman Antitrust Act by producers of graphite electrodes for the steel industry.
Food and Drug Administration
approved the company's anti-cholesterol drug
for use as treatment to reduce the risk of a first stroke.
said it is exploring alternatives for its $460 million cardiovascular unit, but declined to comment on rumors that it may be sold for as much as $900 million.
said it has filed for Chapter 11 bankruptcy and has dismissed its 45-person staff.