posted first-quarter earnings of 6 cents a share, topping the 24-analyst estimate of a 3-cent profit and surpassing the year-ago report of 4 cents a share. The online auctioneer said its first-quarter sales tallied $85.8 million, doubling the year-ago result of $42.8 million. eBay also set a 2-for-1 stock split.
reported pro forma earnings for its fiscal fourth quarter of $85.8 million, or 11 cents per share, a penny better than the 10 cents per share Wall Street had expected. The Canada- and Silicon Valley-based maker of fiber-optics equipment for the telecommunications industry reported revenue of $394.6 million, 40% above sales in the quarter ended Dec. 31, and 2 1/2 times the pro forma sales in the year-earlier period. The company's results reflect the performance of three acquired companies but exclude the effects of accounting charges related to those and other acquisitions.
Including merger-related and other costs, JDS Uniphase reported a net loss of $240.9 million, or 32 cents per share. The company's stock surged 13, or 16%, Tuesday to 93 5/16, on the strength of a strong earnings report earlier in the day from competitor
. Shares of momentum-investor darling JDS Uniphase -- colorful traders believe its stock symbol stands for "Just Don't Sell Us" -- remain 39% below their March 7 high of a split-adjusted 153 3/8.
In other postclose news (earnings estimates from
First Call/Thomson Financial
; earnings reported on a diluted basis unless otherwise specified):
Mergers, acquisitions and joint ventures
Bausch & Lomb
said it was prepared to launch its best and final bid for
, following a $600 million hostile offer which Bausch & Lomb made earlier this month. Bausch & Lomb said it also bumped ahead its April 28 deadline for its $34-a share tender offer for Wesley Jessen to May 12. In March, Wesley Jessen entered a merger with
and rebuffed Bausch & Lomb's initial offer.
posted first-quarter earnings of 24 cents a share, ahead of the 10-analyst estimate of 19 cents, but below the year-ago 40 cents. Additionally, the company approved a buyback of up to $100 million of its outstanding shares.
reported a first-quarter profit of 25 cents a share, in line with the 18-analyst estimate and up from the year-ago report of a 23-cent profit.
posted a fourth-quarter loss of 17 cents a share, excluding stock based compensation. The year-ago report was a 10-cent loss. The three-analyst estimate expected the company to report a 39-cent loss.
reported first-quarter earnings of 14 cents a share, which include expenses from a spin-off. The year-ago report was a 21-cent profit. The two-analyst estimate expected the company to posted first-quarter earnings of 14 cents a share.
reported first-quarter loss of 54 cents a share, which includes costs. The year-ago report was a 29-cent loss, which included a gain. The four-analyst estimate expected the company to post a loss of 67 cents a share.
Offerings and stock actions
set a $500 million stock buyback.
, which is accused of price fixing, said that it pushed back its annual shareholders meeting to finish selecting its board members. The auction house did not set a date for the meeting, which was initial scheduled for April 27. Sotheby's two main shareholder groups concluded that meeting should be delayed until the talks related to the board's makeup were "finalized" and are backing the company¿s current executives.
For a look into this evening's after-hours trading action, please check out
The Night Watch.
As originally published, this story contained errors. Please see
Corrections and Clarifications.