Performance Technologies (PTIX) warned that it expects to report second-quarter earnings of about 11 cents a share, well under the four-analyst estimate of 19 cents and matching the year-ago figure. The wireless telecom and networking products supplier cited a shipment delay and lower-than-expected orders from two major customers.
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
reported third-quarter earnings of 50 cents a share, a penny ahead of the 14-analyst estimate and up from the year-ago 39 cents.
said it will take a second-quarter charge of 25 cents a share for an adverse decision by an Argentine court in an oil-production royalty case. The 16-analyst estimate currently calls for Vintage to report operating earnings of 54 cents a share vs. the year-earlier 4 cents.
Offerings and stock actions
set a $5 million increase of its stock buyback program, in addition to the previously approved $10 million authorization.
withdrew its $104 million IPO, citing unfavorable market conditions.
, the online arm of children'e educational products retailer
, has requested that the
Securities and Exchange Commission
withdraw its $69 million IPO, citing unfavorable market conditions.
unit upped the size of its planned IPO to 43 million shares, slated to be priced in a range of $26 to $30 a share.
said it canceled
planned Sunday-night speech to the nation on the China trade bill. At least two major networks had refused to grant the president airtime.
announced that CEO William Mooney will retire effective June 15.
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Corrections and Clarifications.