Nike (NKE) - Get Report posted third-quarter earnings above estimates despite a dip in sales, partly because of the dollar's strength against the euro. The company reported third-quarter earnings of 52 cents a share, 2 cents better than the 13-analyst estimate and up from the year-ago 44 cents. Total revenues fell 1% to $2.162 billion from $2.177 billion a year earlier. European revenues fell 7%, to $558.5 million, hurt by a rising dollar against the common European currency.
agreed to buy the Land Rover sport utility unit from German luxury automaker
for $2.91 billion,
reported, citing sources close to the talks. The deal, which includes BMW's Land Rover Solihull assembly plant in England, will be announced Friday.
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
said its calendar 2000 first-quarter revenues are running 6% higher than the previous quarter, or roughly double earlier projections. Fairchild attributed the rising revenues to new product sales such as its power, analog and interface components.
posted second-quarter earnings of 4 cents a share, missing the three-analyst estimate of 6 cents and the year-ago 6 cents.
posted second-quarter earnings of 37 cents a share, in line with the 26-analyst estimate and up from the year-ago 27 cents a share. Jabil also announced a 2-for-1 stock split.
said its shipments in the first-quarter of 2000 will exceed previous estimates. The company also announced an upward revision of its financial results for the fourth-quarter and fiscal year ended Jan. 2000, due to the favorable resolution of certain income tax audits. Komag revised fourth-quarter net income to earnings of 9 cents a share from a previously reported loss of 32 cents.
reported third-quarter earnings of 11 cents a share, well above the four-analyst estimate of 6 cents and the year-ago 1 cent a share.
Offerings and stock actions
Ames Department Stores
said its board authorized the company to spend $25 million to buy back its stock.
priced 11 million shares of
at $14 each , above the estimated range of $11-$13 . The company buys and sells unused network capacity.
said it reached a deal to get a $20 million line of credit from banks.
of the State of New York dismissed all claims of television station group
Chris Craft Industries
in its litigation over its UPN partnership with Viacom. The ruling cleared the way for completion of Viacom's proposed $37 billion merger with