, a component of the
S&P MidCap 400
, will replace
after the closing bell Friday. Aeroquip-Vickers is being acquired by S&P 500 component
will replace Watson in the midcap index.
posted fourth-quarter earnings of 50 cents a share, 4 cents ahead of the 20-analyst
view and above the year-ago 22 cents.
In other postclose news (earnings estimates from First Call; earnings reported on a diluted basis unless otherwise specified):
Earnings/revenue reports and previews
reported second-quarter earnings of 21 cents a share, in line with the six-analyst view and ahead of the year-ago loss of 2 cents.
said it expects to record first-quarter earnings of 9 cents to 12 cents a share. That's below the three-analyst prediction for 21 cents but above the year-ago 7 cents.
Dollar Tree Stores
said its first-quarter same-store sales rose 5.4%.
warned of a first-quarter loss of 20 cents to 22 cents a share due to a significant decline in business from its original equipment manufacturer. The five-analyst forecast called for earnings of 3 cents vs. the year-ago loss of 4 cents.
said its third-quarter earnings will fall short of expectations due to weak sales. The 12-analyst forecast called for 22 cents a share vs. the year-ago 21 cents.
said it sees first-quarter earnings of 30 cents to 35 cents a share due to weak profits in its integrated logistics and international operations. The eight-analyst estimate called for 42 cents vs. the year-ago 50 cents.
restated fourth-quarter operating earnings to 24 cents a share from the previously reported 27 cents. The company said it made accounting adjustments that included an increase in its rebate reserve due to higher-than-expected distributor inventory levels, which reduced 1998 sales.
said it sees third-quarter earnings of 9 cents to 11 cents a share because of "irregular customer buying patterns relating to the impact of year 2000 dynamics." The seven-analyst outlook called for earnings of 13 cents vs. the year-ago loss of 60 cents.
said its March same-store sales surged 23.5%.
Offerings and stock actions
canceled its 1 million-share repurchase plan. The company did not give any reason.