Fishhead
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- Oct 20, 1999
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<TABLE cellSpacing=0 cellPadding=2 width="100%" bgColor=white border=0 xmlns:msxsl="urn:schemas-microsoft-com:xslt" xmlns:js="http://cbs.markewatch.com/xsl"><TBODY><TR><TD width="100%">U.K.-based pharmaceuticals maker Amarin Corp. (AMRN: news, chart, profile) said its fiscal 2004 Form 20-F includes a going concern line from its independent auditor PricewaterhouseCoopers.
Avid Technology (AVID: news, chart, profile) received an upgrade to "overweight" from JP Morgan.
Bank of America Corp. (BAC: news, chart, profile) reported first-quarter net income of $4.7 billion, or $1.14 a share, up from $2.68 billion, or 91 cents, earned in the same period in 2004. The Charlotte, N.C.-based financial-services giant's quarterly revenue reached $14.02 billion from $9.53 billion. Results for the latest quarter don't include contributions from FleetBoston Financial, the acquisition of which closed April 1, 2004. Analysts, were looking for earnings of 97 cents a share on revenue of $13.83 billion, on average. Merger-related restructuring charges subtracted 2 cents from the latest quarter's profit, Bank of America said. Shares of Bank of America lost 40 cents to finish at $44.28 on Friday.
The Bombay Co. (BBA: news, chart, profile) filed with the Securities and Exchange Commission for a 15-day extension of the deadline to file its fiscal 2004 Form 10-K. The Fort Worth, Texas-based retailer said it needed more time to review the effects a change to its lease accounting method.
Big Lots Inc. (BLI: news, chart, profile) delayed the filing of its 2004 Form 10-K on Friday. The Columbus, Ohio-based off-price retailer said it needs more time to assess its financial results in accordance with the Sarbanes-Oxley Act.
Check Point Software Technologies (CHKP: news, chart, profile) said first-quarter net profit rose 76% to $73.7 million, or 29 cents a share, with revenue rising 19% to $137.7 million. Its EPS excluding net acquisition-related charges rose to 30 cents a share, topping Thomson First Call-compiled analyst estimates of 29 cents. It bought back 2.1 million shares at close to $50 million during the quarter.
Power generator Dynegy Inc. (DYN: news, chart, profile) settled a securities lawsuit for $468 million, according to lead plaintiff, the University of California. See full story.
Eli Lilly (LLY: news, chart, profile) reported first-quarter earnings of $736.6 million, or 68 cents per share, up from its year-ago profit of $400.4 million, or 37 cents per share. Excluding items, the Indianapolis drug maker earned $671.4 million, or 62 cents per share, in the 2004 first quarter. Sales rose 4% in the latest three months to $3.497 billion from $3.376 billion in the same period a year earlier. The company saw the greatest strength in demand for its Gemzar, Evista and diabetes care products, which all posted single-digit percentage sales gains and offset year-over-year drops in sales of Strattera and Zyprexa. Also, results were helped by strong demand for new products, which accounted for 14 percent of total sales. The average estimate of analysts polled by Thomson First Call was for earnings of 66 cents per share in the March period on sales of $3.564 billion. The stock closed Friday at $58.07, up 5.3%.
Embraer Empresa Brasileira De (ERJ: news, chart, profile) said late Friday that of the 145 aircraft it plans to deliver in fiscal 2005, it delivered 30 in the first quarter. The Sao Jose Dos Campos, Brazil-based company said first-quarter order backlog was $9.9 million.
Glimcher Realty Trust (GRT: news, chart, profile) named Marshall Loeb, the former Chief Financial Officer of Parkway Properties, to serve as its Chief Operating Officer. On Friday shares of Glimcher Realty, a Columbus, Ohio real estate investment trust, rose 24 cents to $24.01.
Hasbro Inc. (HAS: news, chart, profile) reported a first-quarter loss of $3.7 million, or 2 cents a share, a reversal from the prior year's profit of $6.5 million, or 3 cents a share. The toymaker's overall quarterly revenue came in at $454.9 million, down 4% from $474.2 million a year ago. Exchange rates contributed $7 million to sales in the latest quarter. Toy segment revenue increased 9%, reflecting initial shipments ahead of the May 19 debut of the latest installment of "Star Wars." Analysts were looking for a quarterly profit of 4 cents a share on revenue of $488 million. Hasbro turned an operating profit of $1.5 million, down from $14.7 million in the 2004 first quarter. Shares of Hasbro fell 24 cents, or 1.2%, to end Friday at $19.29.
Human Genome Sciences (HGSI: news, chart, profile) reported positive results in the Phase I clinical trial of its HGS-ETR1 tumor treatment. Results of the trial demonstrate that the drug can be administered safely and repetitively to patients with advanced solid malignancies at doses up to and including 10 mg/kg intravenously every 14 or 28 days.
Krispy Kreme Doughnuts Inc. (KKD: news, chart, profile) said Friday after the closing bell that it filed an application with the Ontario Superior Court of Justice for a restructuring of KremeKo Inc. Krispy Kreme has a 40.6% interest in KremeCo. In connection with the application, Krispy Kreme said it agreed to provide debtor-in-possession financing to provide funds for KremeKo's operations during the restructuring process.
MetLife Inc. (MET: news, chart, profile) reached an agreement that will keep 1,310 jobs in Hartford, Conn., after its $12 billion acquisition of Travelers Life & Annuity from Citigroup (C: news, chart, profile) closes. The total job losses in the area will total 490 from a previous count of 1,200, Connecticut Gov. Jodi Rell was quoted as saying in a statement issued by MetLife. The company said 1,310 jobs will be preserved for at least one year after the transaction closes. MetLife also said that there will be no change -- except for attrition -- to about 1,200 positions it now has in the state.
Movie Gallery (MOVI: news, chart, profile) said first-quarter same store sales rose 1.5%. The company reiterated its forecast for first-quarter sales in the range of $228 million to $233 million and repeated it expects earnings to range between 56 and 60 cents a share.
Neurochem (NRMX: news, chart, profile) said results from Phase II/III study of its investigational treatment of renal failure, Fibrillex, did not meet its primary endpoint, which included the call for a 20% absolute difference in the number of patients stabilized and/or improved between Fibrillex and placebo groups. The study showed at 13.4% more patients whose condition remained stable or improved on Fibrillex as compared to the placebo group. The company said it would continue to seek regulatory approval of Fibrillex, which was well tolerated and showed that it had a clinical effect on the treatment of renal failure. The stock closed Friday down 85 cents at $11.07.
Parexel International (PRXL: news, chart, profile) warned that fiscal third-quarter results will fall short of expectations amid weakness in its consulting and marketing services business as a result of project delays and the delay of contract signatures by a key client. The company now expects earnings of 15 to 17 cents a share and revenue of $136 million, vs. prior projections for earnings of 25 to 27 cents a share and revenue of $145 million to $150 million. The pharmaceutical outsourcing company's stock closed Friday down 8 cents at $22.95.
Pemco Aviation Inc. (PAGI: news, chart, profile) reported a fourth-quarter loss of $3.2 million, or 78 cents a share. Last year, the Birmingham, Ala.-based company reported earnings of $3.2 million, or 72 cents a share. Revenue was $59.5 million vs. $63.4 million.
Salem Communications Corp. (SALM: news, chart, profile) increased its first-quarter net broadcasting revenue growth outlook to 10%. The Camarillo, Calif.-based company also increased its quarterly same-station new broadcasting revenue forecast to 10%.
Snap-On Inc. (SNA: news, chart, profile) shares may be on the verge of snapping out of their well-worn trading zone, according to Barron's Online. Bulls watching the toolmaker tell the publication that CEO Jack Michaels could be effective in boosting Snap-On's earnings over the next two years as he aims to improve the company's supply chain and make manufacturing changes so that machines will be more efficient, increasing production flexibility. Michaels, formerly HNI Corp.'s (HNI: news, chart, profile) CEO, was named as Snap-On's CEO in November. Barron's said he was credited with a fourfold rise in office furniture maker HNI's shares, in part by improving its manufacturing procedures.
SunTrust Banks (STI: news, chart, profile) reported first-quarter net earnings of $492.3 million, or $1.36 a share, up from $361.8 million, or $1.28 a share, earned in the first three months of 2004. Operating income, adjusted to exclude National Commerce Financial merger charges, came in at $1.40 a share, SunTrust said. Quarterly revenue totaled $1.883 billion. Analysts had been looking for earnings of $1.32 a share, on average, on revenue of $1.894 billion, according to estimates compiled by Thomson First Call. The company also said that "positive trends continue" and that the integration of National Commerce "remains on track." Shares of SunTrust fell 76 cents, or 1.1%, to end Friday's trading at $70.16.
Symantec (SYMC: news, chart, profile) received an upgrade to :buy" from Deutsche Bank. The firm said it thinks the company will exceed earnings estimates for the March quarter.
Wendy's International (WEN: news, chart, profile) doubled the award to $100,000 for information that pinpoints the origin of a finger found in bowl of chili at a restaurant in San Jose, Calif. See full story.
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Michael Baron is a reporter for MarketWatch in New York.
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Avid Technology (AVID: news, chart, profile) received an upgrade to "overweight" from JP Morgan.
Bank of America Corp. (BAC: news, chart, profile) reported first-quarter net income of $4.7 billion, or $1.14 a share, up from $2.68 billion, or 91 cents, earned in the same period in 2004. The Charlotte, N.C.-based financial-services giant's quarterly revenue reached $14.02 billion from $9.53 billion. Results for the latest quarter don't include contributions from FleetBoston Financial, the acquisition of which closed April 1, 2004. Analysts, were looking for earnings of 97 cents a share on revenue of $13.83 billion, on average. Merger-related restructuring charges subtracted 2 cents from the latest quarter's profit, Bank of America said. Shares of Bank of America lost 40 cents to finish at $44.28 on Friday.
The Bombay Co. (BBA: news, chart, profile) filed with the Securities and Exchange Commission for a 15-day extension of the deadline to file its fiscal 2004 Form 10-K. The Fort Worth, Texas-based retailer said it needed more time to review the effects a change to its lease accounting method.
Big Lots Inc. (BLI: news, chart, profile) delayed the filing of its 2004 Form 10-K on Friday. The Columbus, Ohio-based off-price retailer said it needs more time to assess its financial results in accordance with the Sarbanes-Oxley Act.
Check Point Software Technologies (CHKP: news, chart, profile) said first-quarter net profit rose 76% to $73.7 million, or 29 cents a share, with revenue rising 19% to $137.7 million. Its EPS excluding net acquisition-related charges rose to 30 cents a share, topping Thomson First Call-compiled analyst estimates of 29 cents. It bought back 2.1 million shares at close to $50 million during the quarter.
Power generator Dynegy Inc. (DYN: news, chart, profile) settled a securities lawsuit for $468 million, according to lead plaintiff, the University of California. See full story.
Eli Lilly (LLY: news, chart, profile) reported first-quarter earnings of $736.6 million, or 68 cents per share, up from its year-ago profit of $400.4 million, or 37 cents per share. Excluding items, the Indianapolis drug maker earned $671.4 million, or 62 cents per share, in the 2004 first quarter. Sales rose 4% in the latest three months to $3.497 billion from $3.376 billion in the same period a year earlier. The company saw the greatest strength in demand for its Gemzar, Evista and diabetes care products, which all posted single-digit percentage sales gains and offset year-over-year drops in sales of Strattera and Zyprexa. Also, results were helped by strong demand for new products, which accounted for 14 percent of total sales. The average estimate of analysts polled by Thomson First Call was for earnings of 66 cents per share in the March period on sales of $3.564 billion. The stock closed Friday at $58.07, up 5.3%.
Embraer Empresa Brasileira De (ERJ: news, chart, profile) said late Friday that of the 145 aircraft it plans to deliver in fiscal 2005, it delivered 30 in the first quarter. The Sao Jose Dos Campos, Brazil-based company said first-quarter order backlog was $9.9 million.
Glimcher Realty Trust (GRT: news, chart, profile) named Marshall Loeb, the former Chief Financial Officer of Parkway Properties, to serve as its Chief Operating Officer. On Friday shares of Glimcher Realty, a Columbus, Ohio real estate investment trust, rose 24 cents to $24.01.
Hasbro Inc. (HAS: news, chart, profile) reported a first-quarter loss of $3.7 million, or 2 cents a share, a reversal from the prior year's profit of $6.5 million, or 3 cents a share. The toymaker's overall quarterly revenue came in at $454.9 million, down 4% from $474.2 million a year ago. Exchange rates contributed $7 million to sales in the latest quarter. Toy segment revenue increased 9%, reflecting initial shipments ahead of the May 19 debut of the latest installment of "Star Wars." Analysts were looking for a quarterly profit of 4 cents a share on revenue of $488 million. Hasbro turned an operating profit of $1.5 million, down from $14.7 million in the 2004 first quarter. Shares of Hasbro fell 24 cents, or 1.2%, to end Friday at $19.29.
Human Genome Sciences (HGSI: news, chart, profile) reported positive results in the Phase I clinical trial of its HGS-ETR1 tumor treatment. Results of the trial demonstrate that the drug can be administered safely and repetitively to patients with advanced solid malignancies at doses up to and including 10 mg/kg intravenously every 14 or 28 days.
Krispy Kreme Doughnuts Inc. (KKD: news, chart, profile) said Friday after the closing bell that it filed an application with the Ontario Superior Court of Justice for a restructuring of KremeKo Inc. Krispy Kreme has a 40.6% interest in KremeCo. In connection with the application, Krispy Kreme said it agreed to provide debtor-in-possession financing to provide funds for KremeKo's operations during the restructuring process.
MetLife Inc. (MET: news, chart, profile) reached an agreement that will keep 1,310 jobs in Hartford, Conn., after its $12 billion acquisition of Travelers Life & Annuity from Citigroup (C: news, chart, profile) closes. The total job losses in the area will total 490 from a previous count of 1,200, Connecticut Gov. Jodi Rell was quoted as saying in a statement issued by MetLife. The company said 1,310 jobs will be preserved for at least one year after the transaction closes. MetLife also said that there will be no change -- except for attrition -- to about 1,200 positions it now has in the state.
Movie Gallery (MOVI: news, chart, profile) said first-quarter same store sales rose 1.5%. The company reiterated its forecast for first-quarter sales in the range of $228 million to $233 million and repeated it expects earnings to range between 56 and 60 cents a share.
Neurochem (NRMX: news, chart, profile) said results from Phase II/III study of its investigational treatment of renal failure, Fibrillex, did not meet its primary endpoint, which included the call for a 20% absolute difference in the number of patients stabilized and/or improved between Fibrillex and placebo groups. The study showed at 13.4% more patients whose condition remained stable or improved on Fibrillex as compared to the placebo group. The company said it would continue to seek regulatory approval of Fibrillex, which was well tolerated and showed that it had a clinical effect on the treatment of renal failure. The stock closed Friday down 85 cents at $11.07.
Parexel International (PRXL: news, chart, profile) warned that fiscal third-quarter results will fall short of expectations amid weakness in its consulting and marketing services business as a result of project delays and the delay of contract signatures by a key client. The company now expects earnings of 15 to 17 cents a share and revenue of $136 million, vs. prior projections for earnings of 25 to 27 cents a share and revenue of $145 million to $150 million. The pharmaceutical outsourcing company's stock closed Friday down 8 cents at $22.95.
Pemco Aviation Inc. (PAGI: news, chart, profile) reported a fourth-quarter loss of $3.2 million, or 78 cents a share. Last year, the Birmingham, Ala.-based company reported earnings of $3.2 million, or 72 cents a share. Revenue was $59.5 million vs. $63.4 million.
Salem Communications Corp. (SALM: news, chart, profile) increased its first-quarter net broadcasting revenue growth outlook to 10%. The Camarillo, Calif.-based company also increased its quarterly same-station new broadcasting revenue forecast to 10%.
Snap-On Inc. (SNA: news, chart, profile) shares may be on the verge of snapping out of their well-worn trading zone, according to Barron's Online. Bulls watching the toolmaker tell the publication that CEO Jack Michaels could be effective in boosting Snap-On's earnings over the next two years as he aims to improve the company's supply chain and make manufacturing changes so that machines will be more efficient, increasing production flexibility. Michaels, formerly HNI Corp.'s (HNI: news, chart, profile) CEO, was named as Snap-On's CEO in November. Barron's said he was credited with a fourfold rise in office furniture maker HNI's shares, in part by improving its manufacturing procedures.
SunTrust Banks (STI: news, chart, profile) reported first-quarter net earnings of $492.3 million, or $1.36 a share, up from $361.8 million, or $1.28 a share, earned in the first three months of 2004. Operating income, adjusted to exclude National Commerce Financial merger charges, came in at $1.40 a share, SunTrust said. Quarterly revenue totaled $1.883 billion. Analysts had been looking for earnings of $1.32 a share, on average, on revenue of $1.894 billion, according to estimates compiled by Thomson First Call. The company also said that "positive trends continue" and that the integration of National Commerce "remains on track." Shares of SunTrust fell 76 cents, or 1.1%, to end Friday's trading at $70.16.
Symantec (SYMC: news, chart, profile) received an upgrade to :buy" from Deutsche Bank. The firm said it thinks the company will exceed earnings estimates for the March quarter.
Wendy's International (WEN: news, chart, profile) doubled the award to $100,000 for information that pinpoints the origin of a finger found in bowl of chili at a restaurant in San Jose, Calif. See full story.
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Michael Baron is a reporter for MarketWatch in New York.
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