J.D. Edwards Warns of Second-Quarter Loss, Flat Revenue

B2B software company J.D. Edwards (JDEC) warned that it expects to report a second-quarter operating loss of $20 million to $25 million, mainly due to lower-than-anticipated margins on license fee revenues. The current 12-analyst First Call/Thomson Financial estimate calls for earnings of 2 cents a share. The company said it expects to report revenue in the range of $225 million to $235 million, in line with the company's prior second quarter, in what it called a "transitional quarter." Second-quarter results will be released May 24.

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

American Xtal

(AXTI) - Get Report

posted first-quarter earnings of 10 cents a share, a penny better than the six-analyst estimate and up from the year-ago loss of 5 cents. The company also said it named board member Don Tatzin acting CFO, replacing Guy Atwood, who is leaving the company to pursue those time-honored "other interests."

Amkor Technology

(AMKR) - Get Report

reported first-quarter earnings of 27 cents a share, a penny better than the 11-analyst estimate and up from the year-ago 16 cents. The company said earnings included $9.7 million in goodwill amortization related to acquisitions and investments and added it expects unusually strong demand in the second half of the year.

John Hancock Financial

(JHF)

posted first-quarter earnings of 65 cents a share, well above the eight-analyst estimate of 53 cents and the year-ago earnings of 46 cents.

Hollywood Entertainment

(HLYW)

posted first-quarter earnings of 25 cents, excluding its

Reel.com

unit, in line with the three-analyst estimate and down from the year-ago 31 cents.

Pixar Animation Studios

(PIXR)

posted first-quarter earnings of 53 cents a share, well above the six-analyst estimate of 45 cents and the year-ago 2 cents. Results for the latest quarter included income from discontinued operations of $50,000.

P-Com

(PCMS)

posted a first-quarter loss of 18 cents a share, wider than the nine-analyst expected loss of 4 cents but narrower than the year-ago loss of 27 cents.

Starbucks

(SBUX) - Get Report

said April

same-store sales rose 12%.

Electronic technologies maker

Symyx Technologies

(SMMX)

reported first-quarter earnings of 5 cents a share, better than the two-analyst estimate of 3 cents and the year-ago loss of 1 cent.

Mergers, acquisitions and joint ventures

Barnes & Noble

(BKS) - Get Report

and video game retailer

Funco

(FNCO)

said they have agreed to merge in a $161.5 million cash deal, putting an end to a month-long bidding war for Funco. Barnes & Noble said it would pay $24.75 a share in cash for all outstanding shares of Funco.

Danaher

(DHR) - Get Report

, a maker of mechanics' hand tools and auto specialty tools, said it agreed to acquire

Kollmorgen

(KOL) - Get Report

for about $240 million. Danaher will pay $23 a share in cash and take on about $85 million in debt. Kollmorgen provides electronic motion control equipment.

Offerings and stock actions

Orchid BioSciences

(ORCH)

said its IPO had been cut to 6 million shares of common stock from 8 million and the range was lowered to $8 to $9 each, down from $11 to $13. The company provides products, services and technologies for specific scoring and genetic diversity analysis.

QRS

(QRSI)

, which provides electronic data systems services to retailers, added a $5 million authorization to its existing stock buyback program.