warned investors that it expects to post a second-quarter loss of 26 cents a share after charges. The 11-analyst
First Call/Thomson Financial
consensus estimate expects the company to report second-quarter earnings before charges of a 24-cent profit, down from the year-ago 33-cent profit. Rite Aid blamed the weak results on restructuring charges and charges associated with its purchase of
PCS Health Systems
The drugstore chain also said that it plans on restating previous financial statements to indicate changes in accounting methods for particular lease agreements and impaired assets.
Standard & Poor's
T. Rowe Price
. Data General was bought by
will take T. Rowe Price's place on the
S&P MidCap 400
Nothing exciting tonight, but Mondays are usually moderate and only move on news.
led the most-actives on
for the entire postbell period.
traded heavier as the night wore on.
it was a small world after all.
shared the top slot with
Bank of America
, each trading 1,000 shares.
Island ECN, owned by Datek Online, offers trading, mainly in Nasdaq-listed stocks, from 8 a.m. to 8 p.m. EDT. Prior to Sept. 15 Island offered trading from 8 a.m. to 5:15 p.m. EDT
MarketXT, formerly Eclipse Trading, offers after-hours trading to retail clients of Morgan Stanley Dean Witter's (MWD) Discover Brokerage and Mellon Bank's (MEL) Dreyfus Brokerage Services. Clients can trade 200 of the most actively traded New York Stock Exchange and Nasdaq Stock Market issues, 6 p.m. to 8 p.m. EDT Monday through Thursday.
updates the most active issues on both MarketXT and Island ECN in Got a Minute? and in the Evening Update.
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
announced its plans to purchase
, in a $72 million stock and cash transaction. According to the deal's terms, Agile would pay $22 million in cash and roughly $52 million in common stock to buy Digital, in an effort to boost its e-commerce options.
said it has closed bidding for its gold mining business and plans to continue talks with interested acquirers. The business includes Pioneer's African exploration rights and its 90% equity stake in Pioneer Goldfields' Ghanaian division
Teberebie Goldfields Limited
Earnings/revenue reports and previews
expects to post third-quarter earnings of 70 cents to 72 cents a share, beating both the eight-analyst estimate of 58 cents and the year-ago 56 cents. The company attributed its strong anticipated earnings to power plant acquisitions.
posted third-quarter earnings of 60 cents a share, in line with the five-analyst estimate and up from the year-ago 45 cents.
Computer Task Group
said it reported third-quarter earnings of 21 cents a share, beating the six-analyst estimate of 19 cents but down from the year-ago 37 cents.
CEO Chuck Watson said his company would beat the eight-analyst third-quarter estimate of 24 cents a share and said that the fourth-quarter outlook appears "equally as good." Watson did not specify a numerical estimate for the third-quarter earnings.
said it anticipates third-quarter earnings to be in the range of 24 cents to 28 cents a share, greatly missing the four-analyst estimate of 40 cents and the year-ago 52 cents.
reported third-quarter earnings of 42 cents a share, beating both the 18-analyst estimate of 41 cents a share and the year-ago 34 cents. The company upped its 1999 production target to 175,000 units, while putting its 2000 target at 193,000.
International Home Foods
said it anticipates reporting third-quarter earnings at 43 cents a share, beating both the five-analyst estimate of 40 cents and the year-ago 33 cents. The company added that it would assume a third-quarter $21 million charge for a tax restructuring program, aimed at saving $2 million, or 3 cents a share, annually.
Modem Media.Poppe Tyson
said it expects third-quarter revenue to surpass $21 million, a 90% increase from the year-ago. Modem Media cited client and international growth for the rise in revenues.
posted third-quarter earnings of 54 cents a share, beating both the 22-analyst estimate of 46 cents and the year-ago 22 cents.
said its expects to report second-quarter earnings at roughly 2 cents a share, beating the seven-analyst estimate of a 2-cent loss and in line with the year-ago 2-cent profit. The company said that strong sales and enhanced manufacturing would helped boost earnings
said it anticipates posting third-quarter earnings of 31 cents a share, beating the 12-analyst estimate of 30 cents and the year-ago 27 cents.
said that its
division's executive vice president and COO David Bronczek will replace the retiring Theodore Weise as the unit's president and CEO.
said it would evaluate retiring its DC-9-30 fleet sooner than it expected, which could have the company assuming a fourth-quarter non-cash charge of possibly $150 million. This week, the company will roll out service with its new Boeing 717-200 aircraft.