The earnings parade continues Thursday with another wave of heavy-hitting companies. Fresh from the disappointing
cancellation of its merger with
two weeks ago, telecommunications giant
reported earnings Thursday morning that met estimates of 46 cents a share.
From across the Atlantic, Finnish mobile-phone maker
reported April-June pretax profit rising 62% on a year-over-year basis to $1.34 billion, at the top end of a
poll. The company said however it
expected third-quarter EPS to be at lower than the second quarter but at least equal to the level achieved in the third-quarter of 1999, due to the timing of new product introductions.
On the oil front,
reported strong earnings this morning. Oil companies have been gushing green lately, benefiting from surging oil and gas prices. Companies such as
can attest to that after more than
doubling second-quarter earnings.
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
climbed 9/16 to 24 9/16 after reporting second-quarter earnings of 26 cents a share, beating the nine-analyst estimate by a penny. The company's year-ago earnings were 53 cents a share, but that figure included revenue and earnings from Sea-Land's international container-shipping business, which was sold to
in December 1999. Results also include a gain of 8 cents a share on the June 1999 sale of CSX 's Grand Teton Lodge.
rose 1 3/16 to 34 7/16 after it posted third-quarter earnings of 58 cents, beating the 11-analyst estimate by a penny and up from year-ago earnings of 49 cents a share.
Last night, the company's
subsidiary said it would offer to pay about $95 million for all outstanding shares of Canadian mutual-fund company
Bissett & Associates Investment Management
National Fuel Gas
rose 9/16 to 49 7/16 after reporting third-quarter earnings of 36 cents a share, missing the seven-analyst estimate of 41 cents, but up from year-ago earnings of 30 cents a share. The company said it took an $8.3 million after-tax charge to earnings for the quarter as a result of a rise in natural gas prices.
rose 1 9/16, to 33 9/16 after it reported second-quarter earnings of 76 cents a share, well above the 14-analyst estimate of 58 cents and the year-ago 43 cents. The electric utility and energy services company said it plans to separate its operations into two publicly traded companies, dividing its regulated and unregulated businesses. The move is an attempt to satisfy Texas electric restructuring law, which calls for the state electric market to open to full competition Jan. 1, 2002.
Martha Stewart Living
moved up 1 7/8, or 8.4%, to 24 1/4 after it posted second-quarter earnings of 12 cents a share, beating the six-analyst estimate of 7 cents and the year-ago pro-forma 8 cents. The company said it expects to beat the 2000 EPS view of 24 cents.
Finnish telecom-equipment maker
sank 14 1/2, or 26%, to 41 5/16 after reporting April-June pretax profit rising 62% -- on a year-over-year basis -- to $1.34 billion, at the top end of a
poll. The company said, however, that it expected third-quarter EPS to be lower than the second quarter but at least equal to the level achieved in the third-quarter of 1999, due to the timing of new product introductions.
Nokia's CEO said he was confident and that the overall prospects of the company are unchanged, but that didn't prevent
Morgan Stanley Dean Witter
from cutting Nokia to outperform from strong buy and reducing its target to 65 euros from 75.
Donaldson Lufkin & Jenrette
cut Nokia to buy from top pick.
Banc of America
cut Nokia to buy from strong buy.
lost 11/16 to 19 15/16 after posting a second-quarter loss of 13 cents a share, which included a gain of $17.5 million. The three-analyst estimate was for a loss of 19 cents, while the year-ago loss was 12 cents.
dropped 2 1/8, or 7.6%, to 25 7/8 after it posted a second-quarter loss of 1 cent a share, which includes a gain of 29 cents a share. The five-analyst consensus was for a loss of 46 cents a share, while the year-ago loss was 31 cents a share.
shed 5 7/8, or 12.2%, to 39 5/16 after reporting second-quarter earnings of 46 cents a share, in line with the 18-analyst estimate and up from the year-ago 44 cents. The company said it expected 2000 communications services revenue growth to be at the low end of its previous growth forecast of 13.5% to 15.5%.
After Wednesday's Close
reported second-quarter earnings of 28 cents a share, which beat the 21-analyst estimate by a penny and was up from year-ago earnings of 25 cents a share. The company attributed the higher earnings to solid sales of its anemia drug Epogen. Despite the positive earnings, the stock slid down 7/8 to 68 1/2.
reported second-quarter earnings of 37 cents a share, beating the 19-analyst estimate of 34 cents and the year-ago 19 cents. The Singapore-based company also set a 2-for-1 stock split. Still, the stock dropped 5 7/8, or 7.4%, to 74.
yesterday lost its chairman and CEO, Dick Cheney, to presidential candidate Texas Gov.
George W. Bush
, who picked him to be his potential vice president. Halliburton reported second-quarter earnings of 17 cents a share, which beat the 22-analyst estimate, but was down from year-ago earnings of 19 cents a share.
Deutsche Banc Alex. Brown
raised the stock to buy from market perform. Halliburton moved up 1 13/16 to 45 3/8.
edged up 1/16 to 29 1/2 after it reported second-quarter earnings of 43 cents a share, beating the six-analyst estimate of 38 cents and up from year-ago earnings of 30 cents. Also, the company's board approved of a 3-for-2 stock split.
reported second-quarter earnings of 47 cents a share, besting the 13-analyst estimate by a penny. The company's year-ago earnings were 40 cents a share, after preferred dividends of $17.9 million. The stock rose 2 5/16 to 51.
Conseco Announces Major Restructuring Plan
AIG Meets, Chubb Beats Estimates
WorldCom Matches Estimates
Update: Nokia Plunges After Warning
EarthLink Posts Smaller-Than-Expected Loss
Texaco, Sunoco and Phillips Petroleum More Than Double Earnings
TheStreet.com Reports Narrower-Than-Expected Loss
July 21 Earnings
July 20 Earnings
July 19 Earnings
July 18 Earnings
July 17 Earnings
July 14 Earnings
July 13 Earnings
July 12 Earnings