The earnings barrage continues with reports from industrial-financial services-media giant
General Electric, food-beverage conglomerate
PepsiCo and banking stalwart
J.P. Morgan. All eyes will also be on earnings reports from boxmaker
Gateway and online grocer
is compiling all of its earnings news and analyses in one convenient location to make it easier for our readers to see where earnings are headed. We will update this section as soon as earnings reports arrive. To keep track of what's coming, we have a daily earnings
preview as well as a weekly earnings
Earnings/revenue reports and previews
popped 6 7/8, or 12%, to 60 1/4 after it posted second-quarter earnings of 8 cents a share, better than the two-analyst estimate of 6 cents and the year-ago 3 cents. Actuate set a 2-for-1 stock split.
Applied Micro Circuits
soared 28 1/16, or 22.4%, to 153 1/2 after it posted first-quarter pro forma earnings of 21 cents a share, better than the 15-analyst estimate of 17 cents and the year-ago 6 cents.
Also, PaineWebber raised the company's rating to buy from attractive and its 12-month price target to $210 from $175.
raised Applied Micro Circuits' 2001 earnings estimate to 95 cents from 76 and 2002 EPS up to $1.27 from $1.05, while
Deutsche Banc Alex. Brown
raised its 12-month price target to $170, its 2000 EPS to 84 cents from 72 cents and its 2001 EPS up to $1.18 from 95 cents.
partied up 27 11/16, or 26.8%, to 131 3/16 after it posted a third-quarter loss of 5 cents a share last night, narrower than the 28-analyst estimated loss of 8 cents and the year-ago loss of 11 cents a share.
raised its 12-month price target to 150 while
Morgan Stanley Dean Witter
lifted its rating to strong buy from outperform .
Capital One Financial
climbed 1 13/16 to 51 5/16 after its second-quarter earnings of 54 cents a share, in line with the 25-analyst estimate and up from the year-ago 41 cents.
edged up 1/8 to 31 1/4 after it posted second-quarter earnings of 72 cents a share, a penny better than the eight-analyst estimate but down from the year-ago 88 cents a share.
sank 1 3/4, to 71 1/16 despite posting second-quarter earnings of $1.13, topping the 11-analyst 97 cents estimate and the year-ago 64 cent earnings.
fell 2 1/4 to 48 3/4 despite posting second-quarter earnings of 52 cents a share including items, still above the 12-analyst estimate of 42 cents and the year-ago earnings of 40 cents.
slipped 1/8 to 48 3/16 after it announced it would take after-tax charges in the second quarter of $3.3 billion, or $2.70 a diluted share, for the spinoff of
and European restructuring. Visteon added 7/16 to 14 11/16.
Medical products manufacturer
climbed 3 9/16, or 7.7%, to 50 after it announced that it expected to meet earnings estimate of 40 cents a share.
added 2, or 16.7%, to 14 after it said its second-quarter results will be significantly higher than the first quarter but lower than the results it posted in the same period last year. The current four-analyst estimate is for 9 cents a share, while the first-quarter earnings were 4 cents. In the year-ago period, the company earned 17 cents.
edged up 5/16, or 5.2%, to 6 21/32 after it posted second-quarter earnings of 47 cents a shares, ahead of the five-analyst 46 cent estimate but in line with the year-ago outcome.
lifted 13/16 to 56 9/16 after it posted second-quarter earnings of $1.24, beating the three-analyst estimate by a penny and up from year-ago earnings of $1.05.
Marshall & Isley
moved up 1 5/16 to 47 1/8 after it reported second-quarter earnings of 83 cents a share, in line with the 11-analyst estimate and up from the year-ago 77 cents a share. The company said it applied for an IPO of its M&I Data Services unit.
lost 7/16 to 38 7/8 after it reported second-quarter earnings of 92 cents a share, a penny better than the seven-analyst estimate but down from the year-ago 97 cents.
soared 25 9/16, or 24.6%, to 129 1/2 after it posted second-quarter earnings of 24 cents a share, excluding a gain of 5 cents. That was more than double the seven-analyst estimate of 11 cents. The company also set a 2-for-1 stock split.
rose 11/16, or 5.2%, to 14 after it stated that it expects second-quarter results to meet or beat analysts' forecasts. The current
estimate calls for Network Plus to record a 44-cent loss.
North Fork Bancorp
lost 1/16 to 16 13/16 after it reported second-quarter earnings of 43 cents, excluding gains and acquisition expenses, a penny shy of the 11-analyst estimate, but up from the year-ago 39 cents. Including the items, net income in the latest quarter was 50 cents a share.
fell 3/16 to 6 7/16 after it posted second-quarter earnings of 18 cents a share, which it said includes charges of 1 cent a share. The 18-analyst estimate and year-ago earnings were 19 cents. The company said the latest results were hurt by several factors, including softer-than-expected May and June same-store sales, weaker foreign currencies and slower realization of planned cost improvements.
Pepsi Bottling Group
gained 1 1/16 to 29 15/16 after it posted second-quarter earnings of 58 cents a share, well above the 14-analyst estimate of 49 cents and the year-ago 32 cents a share.
roared ahead 20 7/16, or 22.1%, to 113 1/8 after it posted first-quarter earnings of 27 cents a share, beating the eight-analyst estimate of 22 cents and the year-ago earnings of 16 cents. Rational said its board approved a 2-for-1 stock split.
hopped 7 1/8 to 163 5/8 after it posted a second-quarter loss of 5 cents a share, narrower than the 13-analyst estimated loss of 11 cents and the year-ago loss of 8 cents. The company named Vivek Ragavan as CEO, replacing Dennis Barsema, who becomes vice chairman effective Monday.
lifted Redback's year-end price target to 200 from 160.
Deutsche Banc Alex. Brown
upped Redback's 2001 EPS view to 50 cents a share from 30 cents.
slipped 13/16, or 5.4%, to 14 1/8 after it warned it anticipates second-quarter fuel and purchased power costs for its two Nevada utility subsidiaries to exceed budgeted expenses by an estimated $70 million to $80 million. The company warned it sees a negative impact on second-quarter and full-year earnings.
fell 15/16 to 49 5/8 after it posted a second-quarter loss of 15 cents a share, narrower than the 10-analyst expected loss of 17 cents. The year ago loss of 1 cent includes items.
fell 1 1/8 to 47 5/8 after it reported second-quarter earnings of $1.09 a share, better than the 17-analyst estimate of $1.07 and the year-ago 96 cents.
lost 1 to 38 1/2 after it reported second-quarter earnings of 76 cents a share, missing the five-analyst estimate of 75 cents, but up from the year-ago earnings of 67 cents.
tacked on 2 9/16 to 84 11/16 after it stated that it expects to report a $50 million second-quarter charge stemming from a Georgia court ruling that accused the media company of mismanaging a
amusement park it once owned.
Gateway Squeezes Past Expectations by a Penny as Earnings Rise 36%
Webvan Delivers Slightly Larger-Than-Expected Loss
PepsiCo Beats Estimates By 2 Cents
GE Beats Expectations by a Penny
J.P. Morgan Zooms Past Estimates