Updated from 11:22 a.m. EST

  • Plug Power ( PLUG) said revenue for the fourth quarter rose to $2.5 million from $1.5 million in the year-ago quarter. The company lost $17.1 million, or 34 cents a share, compared with a loss of $22.3 million, or 51 cents a share, for the same period in 2000. Analysts expected a loss of 37 cents.

    Earnings Reports & Outlooks

  • Fossil ( FOSL) reported earnings for the fourth quarter of 59 cents a share, excluding items, which was a penny ahead of estimates. Sales grew 11% to $176.1 million from $159.3 million in the year-ago quarter.

  • Jack in the Box ( JBX) said same-store sales for the four-week period ended Feb. 17 fell 0.8%. The company said sales in certain markets, such as San Francisco and Austin, Texas, have been hurt by the downturn in the high-tech industry. The restaurant operator also said sales slowed in the latter part of February during the Winter Olympics, "suggesting that some of our guests were opting to watch television coverage of the Games rather than dine out." The company still expects to earn about 44 cents for the second quarter and $2.24 for the fiscal year, in line with estimates.

  • Kroll ( KROL) said fourth-quarter income from continuing operations totaled $617,000, or 3 cents a share. In the year-earlier quarter, the company posted a loss from continuing operations of $6.2 million, or 28 cents a share. Including items, the company lost 2 cents. Sales rose to $59.2 million from $46.9 million. Kroll projected first-quarter earnings of 7 cents to 9 cents a share.

  • Sonic Automotive ( SAH) posted fourth-quarter earnings of $21.2 million, or 51 cents a share, compared with prior-year results of $12.3 million, or 29 cents a share. Excluding goodwill amortization expenses, the company earned 60 cents in the latest quarter. Analysts expected earnings of 46 cents. Revenue climbed to $1.68 billion from $1.42 billion.

  • United Rentals ( URI) reported fourth-quarter revenue of $704 million, down from $751 million in the year-ago quarter. Net income for the quarter was $32.2 million, or 34 cents a share, compared with $36.4 million, or 40 cents a share, in the same quarter a year ago. The consensus estimate for the latest quarter was 33 cents. Same-store rental revenue rose 3% for the quarter.

    Analyst Actions

  • Deutsche Banc Alex. Brown upgraded Peregrine Systems ( PRGN) to strong buy from buy. The firm believes Peregrine's fundamentals bottomed in the fourth quarter and that the stock offers a potentially greater reward than risk.

    Miscellaneous News

  • Sapient ( SAPE) is reducing its consulting workforce by 22% by eliminating 415 positions. The business and technology consulting company is also cutting 130 administrative jobs, or 24% of the division's workforce. Sapient will take a restructuring charge of $50 million to $55 million in the first quarter of 2002. Separately, Sapient said Chief Financial Officer Edward G. Goldfinger is leaving the company to join a private firm. Senior Vice President Susan D. Johnson is assuming the responsibilities of acting chief financial officer, while Sapient conducts a search for a permanent replacement.

    If you liked this article you might like

    Spain to Play Netherlands for World Cup

    Spain to Play Netherlands for World Cup

    Wal-Mart: Analysts' Upgrades, Downgrades

    Wal-Mart: Analysts' Upgrades, Downgrades

    Netherlands Advances to World Cup Final

    Netherlands Advances to World Cup Final

    Apple: Analysts' Upgrades, Downgrades

    Apple: Analysts' Upgrades, Downgrades

    World Markets Mostly Lower Monday

    World Markets Mostly Lower Monday