warned it expects to post a mid-single-digit increase in first-quarter earnings. That's about a penny below the 16-analyst
outlook for earnings of 25 cents a share, compared with the year-ago 23 cents. The company said greater-than-anticipated softness in the
business and in Latin America will hurt results.
Lernout & Hauspie Speech
rose to 40 1/2 in after-hours trading from a close of 37 7/8 after saying
agreed to invest $30 million in the company.
In other postclose news (earnings estimates from First Call; earnings reported on a diluted basis unless otherwise specified):
Earnings/revenue reports and previews
posted first-quarter earnings of 34 cents a share, 1 cent shy of the four-analyst forecast and 1 cent above the year-ago figure.
said it expects to record a $5 million tax benefit for 1999 due to recent strong performance and that it's comfortable with future earnings projections.
International Comfort Products
warned its first-quarter earnings will fall below estimates due to a mild winter, implementation of a new management information system and restructuring charges. The four-analyst prediction called for earnings of 11 cents a share vs. the year-ago 9 cents.
After falling 19.6% in today's session,
warned its fourth-quarter earnings will lag the seven-analyst forecast of 59 cents a share. The company, which earned 46 cents in the year-ago period, blamed Y2K repair and other one-time items.
said its March same-store sales rose 6%.
said it will delay its 1998 results until April 9 due to talks with the
Securities and Exchange Commission
about an accounting treatment issue.
reported fourth-quarter earnings of 4 cents a share, missing the five-analyst estimate but beating the year-ago penny.
unit said its March passenger load factor rose 1% to 71.6%.
Mergers, acquisitions and joint ventures
said it will buy
for $12 a share.
said it agreed to acquire three businesses from the U.K.'s
to expand its presence in the windows and doors market. Financial terms weren't disclosed.
filed suit against
seeking to break up its proposed merger with
. The suit, which seeks an injunction on an expedited basis, follows United's bid today to acquire Rental Service for $22.75 a share.
Offerings and stock actions
expanded its existing repurchase program by 1.5 million shares to 3.5 million shares.
, a unit of
, received approval from the
Food and Drug Administration
to market DepoCyt, a chemotherapeutic agent used to treat lymphomatous meningitis. DepoCyt will be marketed in the U.S. by