As reported earlier,
posted second-quarter earnings of 18 cents a share, excluding its retained interest in
, beating the 18-analyst estimate of 14 cents and the year-ago 11 cents. The company said its latest quarter was helped by the success of the
Who Wants To Be a Millionaire
television show and the Millennium Celebration at
Walt Disney World
. The entertainment company also said its second quarter benefited from strong results in the company's Media Networks unit and improvement in the
unit, led by higher ratings for "Good Morning America."
For more on Disney's
earnings, see coverage from
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 it revised results downward for all four quarters of 1999, to conform with certain accounting practices. The Vienna, Va.-based company said all share and per share amounts have been adjusted to reflect its 2-for-1 stock split in January.
First-quarter 1999 earnings-per-share were cut to a loss of 5 cents from a profit of 2 cents and revenues were lowered to $29.3 million from $35.8 million. Second-quarter EPS was lowered to nil from a profit of 4 cents, third-quarter to a loss of 17 cents from a profit of 4 cents and fourth-quarter to a loss of 22 cents from a profit of 4 cents.
The company had said previously that it would revise results for certain quarters in the 1997, 1998 and 1999 fiscal years mainly to address certain software arrangements it had with customers that should have been accounted for.
American Eagle Outfitters
same-store sales rose 5.8% over the year-ago period.
posted a first-quarter loss of 75 cents a share, including items. Excluding the items, the company said after-tax cash flow was 36 cents a share compared with 22 cents a year ago. The single-analyst expected loss was 72 cents.
posted fourth-quarter earnings of 29 cents a share, in line with the 11-analyst estimate and up from the year-ago 22 cents.
posted first-quarter earnings of 9 cents a share, a penny better than the eight-analyst estimate and the year-ago 6 cents.
posted first-quarter earnings of 21 cents a share, well above the 12-analyst estimate of 16 cents and up from the year-ago 14 cents.
Crown Castle International
posted a first-quarter loss of 27 cents a share, narrower than the four-analyst expected loss of 30 cents a share, but wider than the year-ago loss of 21 cents.
posted fourth-quarter earnings of 16 cents a share, better than the 14-analyst estimate of 14 cents, but down from the year-ago 37 cents.
said same-store sales for April 2000 rose 7% compared to a 1% increase in the year-ago period.
reported first-quarter earnings of 57 cents, ahead of the five-analyst estimate of 55 cents and the year-ago 50 cents.
posted a first-quarter pro forma loss of 14 cents a share, narrower than the eight-analyst expected loss of 16 cents and the year-ago loss of 31 cents.
reported a first-quarter loss of $2.94 a share, narrower than the seven-analyst expected loss of $3.30, but wider than the year-ago loss of $2.73.
posted first-quarter earnings of less than 1 cent a share excluding a gain. That was above the five-analyst expected loss of 8 cents a share and better than the year-ago loss of 3 cents.
posted first-quarter pro forma earnings of 1 cent a share, better than three-analyst expected loss of 5 cents, and up from the year-ago pro forma loss of 19 cents.
said it set a company-wide reorganization plan which it said should produce cost saving of up to $100 million in 2001. The plan involves laying off about 6,750 jobs, or about 14% of its total workforce. The company said it would take a one-time charge of $85.3 million before taxes in the first quarter of 2000. Panamerican also posted a first-quarter net loss of 55 cents which includes 48 cents in items. The five-analyst expected loss was for five cents a share while the year-ago loss was 31 cents.
said it expects to post first-quarter and fiscal-year results well above forecasts. The company said it expects first-quarter earnings of about 70 cents, compared with the current 15-analyst estimate of 57 cents. For the year, Trigon said it expects earnings between $3.00 and $3.10 compared with the eighteen-analyst estimate of $2.64.
posted pro forma earnings of 4 cents a share, better than the five-analyst expected loss of 4 cents and the year-ago pro forma earnings of 2 cents a share.
Mergers, acquisitions and joint ventures
Spanish Internet access and portals provider
said it had acquired 100% of its assets in the U.S. from partner and telecom carrier
said it received regulatory clearance for its planned merger with
Offerings and stock actions
set a 3-for-2 split.
Time Warner Cable
said it will seek a further review of a
Federal Communications Commission
ruling that it violated federal rules by shutting down Disney's
television programming to cable viewers on Monday.
As originally published, this story contained an error. Please see
Corrections and Clarifications.