National Data Meets Expectations

Author:
Publish date:

National Data

(NDC)

posted first-quarter earnings of 47 cents per share, in line with the 10-analyst

First Call

forecast and 11 cents higher than the year-ago figure.

In other post-close news (earnings estimates from First Call):

Earnings/revenue reports and previews

Technology Solutions

(TSCC)

reported first-quarter earnings of 13 cents per share, meeting the eight-analyst outlook and rising above the year-ago 9 cents.

Burlington Coat Factory

(BCF)

announced a first-quarter loss of 24 cents per share, on target with the six-analyst expectation and a repeat of the year-earlier loss.

Friedman Billings Ramsey Group

(FBG)

said it plans to lose between 70 cents and 75 cents per share in its third quarter because of trading losses in small stocks. The three-analyst prediction called for a breakeven quarter compared with the year-ago profit of 26 cents.

Harris

(HRS)

said it sees its first-quarter and annual earnings each coming in 10% below estimates because of weakness in the semiconductor industry. The six-analyst outlook called for quarter earnings of 58 cents per share, vs. the year-ago 55 cents, and 1999 earnings of $3.12, vs. 1998's $2.85.

ABR Information Services

(ABRX)

posted fourth-quarter earnings of 20 cents per share, 4 cents higher than the four-analyst view and above the year-ago 12 cents.

Sotheby's Holdings

(BID) - Get Report

said it will take a $15.2 million one-time charge related to its plans to build an auction facility and global headquarters in New York's Upper East Side. The four-analyst view calls for a third-quarter loss of 20 cents per share vs. the year-ago 16 cents.

Dixie

(DXYN) - Get Report

said its third-quarter and annual earnings will fall short of expectations due to unfavorable textile and market conditions. The company also said it hired

First Union Capital Markets

to investigate strategic alternatives for its specialty yarns business. The three-analyst view called for quarter earnings of 28 cents per share, compared with the year-ago 25 cents, and 1998 earnings of $1.04, compared with 1997's 99 cents.

Mergers, acquisitions and joint ventures

Inland Steel Industries

(IAD)

said it plans to acquire all the shares of

Ryerson Tull

(RT)

it doesn't already own. Inland, which has an 87% stake in Ryerson, separately approved the repurchase of 2.5 million shares of its own stock.

Offerings and stock actions

eBay's

(EBAY) - Get Report

3.5-million-share IPO priced high-end at 18 per share. The online auctioneer's offering was underwritten by

Goldman Sachs

.

Perkin-Elmer

(PKN)

announced plans to issue a new class of common shares to track the performance of its

Celera Genomics

unit, which discovers and distributes genomic information. The company will fund Celera Genomics internally, it said, and has no plan to sell equity interests to the public.

Ottawa Financial

(OFCP)

said it will buy back up to 5% of its outstanding stock.

Interstate Bakeries

(IBC)

said it will repurchase 2.5 million shares of its outstanding stock.

St. Francis Capital

(STFR)

will buy back up to 240,000 shares of its stock.

Comings and goings

VTEL

(VTEL)

named Jerry Benson Jr., its president and COO, as its chief executive. Current Chairman and COE Dick Moeller will continue as chairman.

Miscellany

The

Pennsylvania Public Utility Commission

scheduled a meeting for Thursday night to act on a settlement to restructure

GPU's

(GPU)

operations in the state.