Blaming lower than expected sales,
warned its fourth-quarter earnings will come in around 12 cents to 14 cents a share. The 15-analyst
forecast called for earnings of 21 cents vs. the year-ago 12 cents.
In other earnings news (or non-earnings news, as the case may be),
slipped to 128 in late
trading from a regular-session close of 134 following its first-quarter report. The e-commerce company, which went public in March, reported a quarter loss of 12 cents a share, a penny narrower than the five-analyst outlook. Revenue rose 160% from the fourth quarter.
In other postclose news (earnings estimates from First Call; earnings reported on a diluted basis unless otherwise specified):
Earnings/revenue reports and previews
Alternative Living Services
said it sees 1999 earnings of $1 to $1.10 a share and 2000 earnings of $1.40 to $1.60 a share. The 20-analyst outlook calls for 1999 earnings of $1.44 and a 15-analyst outlook calls for 2000 earnings of $1.90.
warned it sees first-quarter pro-forma earnings of 10 cents to 15 cents a share and diluted earnings of 2 cents to 5 cents a share due to customer transition in the company's product line. The 10-analyst view called for a profit of 40 cents vs. the year-ago 55 cents.
posted a fourth-quarter loss of 50 cents a share, 6 cents narrower than the five-analyst forecast and better than the year-ago loss of $1.51. The stock lifted 1/2 in after-hours trading to 14.
said its April same-store sales lifted 1.6%.
said its first-quarter same-store sales surged 15.3%.
reported first-quarter earnings of 17 cents a share, including expenses of $600,000 for the consolidation of facilities and the integration of operations related to recent acquisitions. The two-analyst forecast called for operating earnings of 15 cents vs. the year-ago 12 cents.
In other earnings news:
Mergers, acquisitions and joint ventures
agreed to acquire the remaining 50% of privately held
it doesn't already own for about 43 million shares.
Silicon Storage Technology
agreed to acquire privately-held
in a stock deal whose financial terms were undisclosed.
Offerings and stock actions
PacifiCare Health Systems
approved a plan to combine and reclassify its Class A and Class B common shares into a single class of voting stock and announced plans to buyback 5.9 million shares.
American Electric Power
Central and South West
agreed to cut rates for some Texas customers and divest some generating capacity as part of a settlement for their planned merger.
A German court ruled that emulation products made by
Quickturn Design Systems'