Having trouble keeping up with the flood of earnings? You're not alone. Every few minutes another report arrives as tech biggie
kicked things off this morning. While both exceeded estimates, Lucent warned that its future might not be so bright. For Lilly's part, its second-quarter earnings were enhanced by very strong sales from drugs including Evista, a treatment for osteoporosis.
Also this morning, perpetually in-play phone company
raced past its earnings estimates,
(Yum, beer!) enjoyed the Rocky-Mountain goodness of a better-than-expected quarter and
dialed up another strong quarter.
Meanwhile, tech investors are waiting for key reports from
and Dow component
is also expected to report. In addition, there are reports on tap from
, just to keep things lively.
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
Storage solution company
added 1/16 to 23 after it announced first-quarter earnings of 33 cents per share, down from 44 cents a year ago. The company fell short of the 38-cent consensus estimate and posted revenues of $183 million, down 5% from last year's revenue.
Advanced Micro Devices
dropped 4 15/16, or 5.5%, to 85 5/16 despite posting second-quarter earnings of $1.21 a share, well above the 18-analyst estimate of $1.14. The year-ago earnings of 53 cents included items. The company also set a 2-for-1 stock split.
American Home Products
lost 1 11/16 to 53 9/16 after it reported second-quarter earnings of 31 cents a share, in line with the 19-analyst estimate and up from year-ago earnings of 22 cents a share, which includes an $82 million charge. Also, the company's board announced a dividend of 50 cents a share.
lost 2 1/16 to 51 1/8 after it said that it's expecting second-quarter earnings of $1.22 a share, which would beat the 27-analyst estimate of $1.08 and be way up from the year-ago earnings of 28 cents.
Dutch software company
lost 1 /32 to 2 7/16 after it warned that it will report a loss of between $85 million and $95 million, or 32 cents to 35 cents a share, when it reports its second-quarter results.
First Call/Thomson Financial
, the three analysts that cover the stock expected a loss of 6 cents.
slipped 1/4 to 17 1/16 after it posted second-quarter earnings of 18 cents per diluted share, vs. 20 cents last year and in line with analyst consensus estimates. Revenues came in at $330 Million, reflecting the low cost of operations and its premium gold sales program.
Medical supplies firm
Becton Dickinson 's
dropped 3 5/16, or 11.7%, to 24 15/16 despite meeting analyst expectations with third-quarter earnings of 43 cents per share. Revenue was 114.4 million, but the company missed operating results by 3 cents.
lost 1/8 to 13 7/8 after reporting second-quarter earnings of 24 cents, which includes investigation-related costs of $5 million and a gain of $4 million on the disposal of businesses. The figure is in line with the seven-analyst estimate, but down from the year-ago estimate of $1.05.
climbed 7/8 to 55 3/8 after it reported second-quarter
earnings of 42 cents per share vs. 36 cents last year and a penny better than Wall Street expectations. The company said revenue rose 2.5% to $2.34 billion from $2.29 billion a year ago and would have increased 7% without the impact of the stronger dollar.
lost 1 7/8 to 62 13/16 after it reported second-quarter earnings of $1.43 a share, better than the nine-analyst estimate of $1.40 and up from the year-ago $1.23. Coors announced plans to close its sales and brewing operations in Spain by the end of 2000. Spanish operations have incurred substantial operating losses since Coors acquired a brewery in Zaragoza in 1994.
lost 1/4 to 8 1/2 after it reported second-quarter earnings of 20 cents a share, missing the five-analyst estimate of 27 cents and down from the year-ago earnings of 40 cents. The company attributed its shortfall in the second quarter to high fuel prices and tractor utilization.
Internet banking services company
gained 1 1/2 to 42 3/4 after it said it expects to report a second-quarter loss of about $4.6 million, or 20 cents a share excluding items, better than the current nine-analyst estimate of a loss of 23 cents a share.
lost 3/8 to 43 7/8 after it said it will take a third-quarter charge of 2 cents a share for restructuring a New Jersey facility. DuPont said it will cut about 160 jobs there and sell a minority share in Mexico-based
. The move, it said, will yield a gain of 2 cents a share in the third quarter.
soared 32 1/4, or 27.8%, to 148 1/4 after it reported fourth-quarter earnings of 1 cent a share, which includes amortization of goodwill and other charges. Excluding items, the company reported pro-forma earnings of 9 cents a share. The 11-analyst estimate was a loss of 5 cents, while year-ago earnings were 5 cents a share. Also, the company's board approved a 2-for-1 stock split.
Federated Department Stores
, the parent of Macy's and Bloomingdale's, dropped 3 3/8, or 12.6%, to 23 1/2 after it said a credit delinquency problem at its Fingerhut unit may cut second-quarter earnings in its direct-to-consumer business unit by $150 million, or 43 cents a share. Analysts had expected Federated to report earnings of 65 cents a share.
edged up 3/4 to 27 9/16 after it posted second-quarter operating earnings of 73 cents a share, a penny better than the 24-analyst estimate. The year-ago 90-cent result included a one-time gain. For the quarter, the company reported a loss of $2.2 billion, as it warned it would, because of a large charge to turn around its operations as it copes with rising interest rates. Including the charge, the company reported a per-share loss of $2.27.
lost 1 to 32 5/16 after it posted second-quarter profits of 28 cents per share or $296 million, vs. 25 cents last year. The company met analyst consensus estimates for earnings and increased sales to $2.25 billion from $2.21 billion in 1999. Excluding the adverse effects of exchange and the divestiture of the White Rain hair-care line, sales climbed 8%. Profit from operations was $499 million, up 5% from $477 million the year before.
fell 3 7/8, or 24.3%, to 12 1/16 after it posted second-quarter earnings of 4 cents, in-line with the nine analyst 4-cent estimate but below the year-ago 16 cents.
Illinois Tool Works
, a diversified manufacturer of industrial equipment and systems, slipped 7/16 to 55 9/16 after it met Wall Street expectations with second-quarter earnings of 90 cents a share compared with 79 cents a share a year ago. Operating revenues jumped 9% and profits increased 14% with net income of $273.3.million.
rose 5/8 to 21 11/16 after it posted second-quarter earnings of $1.33 a share, a penny better than the 19-analyst estimate and up from the year-ago $1.10. Lear said it is comfortable with analyst forecasts for 2000 EPS of $4.47.
rose 1 3/8, or 5.4%, to 26 3/4 after it posted second-quarter earnings of 29 cents, ahead of the 13-analyst 21-cents estimate and the year-ago 8-cent loss.
lost 3/8 to 12 3/4 after it posted second-quarter earnings of 1 cent a share, which it said includes a nonrecurring credit that represents adjustments made to the restructuring and nonrecurring charges recorded in 1999. The company said exact figures were not immediately available. The seven-analyst estimate called for 1 cent a share, while the year-ago loss of 52 cents included 56 cents in charges.
National Discount Brokers
rose 2 3/4, or 7.5%, to 39 1/2 after it posted fourth-quarter earnings of 53 cents a share excluding items. Including items, the company reported earnings of 47 cents a share. Both numbers are well above the five-analyst estimate of 42 cents, while the year-ago earnings were 47 cents. The company said NDB.com added a record 37,700 new accounts. NDB also said it will expand its work force and spend up to $50 million in advertising next year.
popped 13 1/16, or 20.6%, to 76 3/8 after it reported a second-quarter loss of 2 cents a share, beating the six-analyst estimate by a nickel and up from the year-ago pro-forma loss of 19 cents.
gained 3 1/8, or 11.%, to 31 3/8 after it posted second-quarter earnings of 75 cents a share, in-line with the seven-analyst estimate but above the year-ago 66-cent profit.
rose 1 1/4, or 6.9%, to 19 5/16 after it said it would post second-quarter earnings between 13 and 14 cents a share, in line with the 11-analyst estimate of a 13-cent profit.
dropped 5, or 6.4%, to 73 1/8 after it posted second-quarter earnings of $1.11 a share, better than the 10-analyst estimate of $1.06 and the year-ago 95 cents a share. The company said it expects EPS growth in the high teens for the rest of the year.
fell 2 7/8, or 5.4%, to 42 9/16 after it reported second-quarter earnings of 67 cents a share, well above the 12-analyst estimate of 49 cents and the year-ago 12 cents.
Meanwhile its wireless operation
rose 33/64 to 64 3/8 after it reported a second-quarter loss of 46 cents a share, narrower than the 19-analyst expected loss of 49 cents.
tacked on 6 1/2 to 160 after it reported second-quarter earnings of 28 cents a share, which beat the three-analyst estimate of 20 cents and was up from the year-ago loss of 29 cents. The company also announced a 2-for-1 stock split, to be effected in the form of a stock dividend.
Maker of polyester and nylon yarns
added 3/16 to 11 7/8 after it announced that fourth-quarter earnings would fall below analysts' expectations due to special charges and raw material prices.
United Parcel Service
fell 1 11/16 to 59 9/16 after it said it would tack on a temporary surcharge to offset rising fuel costs. The package delivery company said it would issue the 1.25% charge on Aug. 7 because its fuel costs would be $100 million more than expected. UPS posted second-quarter earnings of 60 cents a share, in line with the 16-analyst estimate and up from the year-ago 52-cent profit.
lost 1 13/16, or 26.9%, to 4 15/16 after it warned investors that its fiscal 2000 earnings would miss the 12-analyst estimate of $1.74. The apparel company sees the year EPS between 26 cents to 36 cents a share, possibly 85% below expectations. Warnaco, which said its second-quarter earnings would also be lower, blamed the shortfall on higher interest expense, increased product price markdowns, weak sales in certain brands and expenses related to its litigation with Calvin Klein.
CNet Beats EPS Expectations While Revenue Doubles
AOL Earnings More Than Double, Despite Weakness in Ad Revenue
Sun Microsystems Shines With 62.5% Increase in Operating Earnings
Caterpillar Reports 11% Jump in Earnings, Surpasses Estimates
Update: Bristol-Myers Squibb, Eli Lilly Post Strong Earnings
Hasbro Sinks on Earnings Warning
National Discount Brokers Rises on Strong Earnings
Polaroid Falls After Reporting Flat Revenue
Delta, Northwest Soar Past Expectations
First Union Beats Lowered Expectations
Raytheon, Lockheed Shoot Past Expectations
Sprint Beats Expectations
Colgate-Palmolive Beats Expectations by a Penny
Lucent Tops Estimates but Warns of Slower Growth
July 14 Earnings
July 13 Earnings
July 12 Earnings