Thursday: Earnings Abound
By
Andrew Morse
Staff Reporter
Fashion commentary aside, it was one dull day. When traders weren't worrying about the
Federal Reserve
-- and whether it would raise rates again -- they kept an eye on earnings. That's mostly what we found when scrolling through the wires at the end of the day. Here's the abridged version:
Western Digital
(WDC) - Get Report
reported third-quarter earnings of $1.76 per share, up from 42 cents a year earlier.
Dallas Semiconductor
(DS) - Get Report
reported first-quarter earnings of 50 cents per share, up from 36 cents a year earlier.
Vitesse Semiconductor
(VTSS)
reported second-quarter earnings of 20 cents per share, up from 9 cents a year earlier.
C-Cube Microsystems
(CUBE) - Get Report
reported first-quarter earnings of 41 cents a share, up from 38 cents a year earlier.
Biogen
(BGEN)
says first-quarter earnings came in at 22 cents -- in line with expectations -- as compared with last year's nickel loss.
Boston Scientific
(BSX) - Get Report
reported that first-quarter sales rose to $399 million, up from $322 million.
In nonearnings news,
UAL's
(UAL) - Get Report
United Airlines
says its pilots' union approved the company's wage agreement.
The
New Hampshire State House
hiked taxes on cigarettes -- by 20 cents -- and other tobacco products. State motto: Live Free or Die.
Fed Governor Susan Phillips says periodic evaluation of stock-market circuit breakers is valuable.
Retailer
Loehmann's
(LOEH)
sees lower first-quarter sales.
Delgratia Mining
(DELGF)
says it will use outside consultants to evaluate its Nevada project. The announcement was in compliance with a
Nasdaq Stock Market
request.