Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The following companies recently issued guidance:
21st Century Holding Co. (TCHC) has boosted its fourth-quarter estimate, and now expects to report net income of 41-50 cents a share on a GAAP basis. The financial services holding company said it expects 2002 earnings of $1.33-$1.42 a share. For the first quarter of 2003, 21st Century said it expects a profit of 50 cents a share. For 2003 and 2004, the company's guidance remains at $2.00-$2.15 a share and $2.50-$3.00 a share, respectively.
3M (MMM) predicts first-quarter earnings will rise to between $1.38 and $1.43 a diluted share. For 2003 overall, 3M expects earnings to rise between $5.80 and $6 a share.
Affiliated Computer (ACS) expects to report earnings of 56 cents a diluted share in the third quarter and 59 cents a diluted share in the fourth quarter. The company expects to report 2003 earnings of $2.18 a diluted share.
Alcan Inc. (AL) expects per share earnings, excluding non-recurring items and foreign currency balance sheet translation effects, of 37-47 cents a share for the first quarter of 2003 and $1.80 to $2.20 a share for all of 2003.
American Pharmaceutical Partners Inc. (APPX) raised its fourth quarter and 2002 guidance, and now expects earnings of 33 cents to 37 cents a share. The company put 2002 earnings at 86 cents to 90 cents a share.
Ameritrade (AMTD) backed its previous second-quarter earnings guidance of 3 cents to 5 cents a share, but lowered its revenue guidance to a range of $153 million to $187 million. The company widened its third-quarter earnings guidance to a range of 7 to 10 cents a share. The company also lowered its third-quarter revenue guidance to between $166 million and $200 million. For the fourth quarter, Ameritrade also widened its earnings per share guidance to between 9 and 12 cents. The company also lowered its revenue projection to between $161 million and $195 million.
AMP Ltd. (A.AXM) said Tuesday it expects to report a bottom-line net loss of around A$900 million for the year ending Dec. 31, 2002.
A.O. Smith Corp. (AOS) backed its full-year 2003 earnings estimate of between $2.05 and $2.25 a share. The company expects first-quarter earnings of 41 to 45 cents a share due to the impact of its stock offering in the second quarter of 2002.
Arvinmeritor Inc. (ARM) raised its sales guidance for the current fiscal year, and now expects fiscal 2003 sales of $7.8 billion. The company expects to earn $2.50 to $2.70 a share in fiscal 2003. For the second quarter, Arvinmeritor expects to earn 40 cents to 46 cents a share. Second-quarter sales are slated at $2 billion.
BJ Services Co. (BJS) expects second-quarter earnings between 22 cents and 25 cents a share. For the year ending Sept. 30, BJ lowered its earnings guidance to between $1.05 and 1.15 a share.
Boston Scientific Corp. (BSX) expects to post fourth-quarter earnings of $130 million, or 31 cents a share, excluding special charges, on sales of $814 million. Including special charges, the company said fourth-quarter earnings should total $105 million, or 25 cents a share. For the year, Boston Scientific expects to report operating earnings of $413 million, or $1 a share.
Captiva Software Corp. (CPTV) raised its fourth-quarter guidance, and now expects to report revenue of $13 million to $13.5 million and pro forma earnings per share of 8 cents to 10 cents a share.
Cash America International Inc. (PWN) expects fourth-quarter 2002 earnings at the top end of Wall Street expectations. A Thomson First Call poll of three analysts rendered a mean earnings estimate of 29 cents a share for the fourth quarter. For 2003 overall, the company still expects to earn 84 cents to 89 cents a share.
Celadon Group Inc. (CLDN) cut its earnings guidance for the 2003 calendar year, and now expects to report earnings for the second quarter ended Dec. 31 of between 12 cents and 14 cents a share. The company said its earnings for the fiscal year ending June 30 are expected to be about 70 cents.
Coachmen Industries Inc. (COA) anticipates fourth-quarter earnings below expectations, and expects to report 17 cents a share. Coachmen cut its full-year earnings to 62 cents a share, below previous estimates.
Credit Suisse Group (CSR) expects a net loss of approximately CHF1.0 billion for the fourth quarter and a net loss of approximately CHF3.4 billion for the full year 2002, including charges.
Crompton Corp. (CK) expects fourth-quarter earnings excluding items to be 9 cents a share. The company expects bottom-line earnings for the quarter of $2.4 million, or 2 cents a share, including charges.
Duane Reade Inc. (DRD) lowered its fourth-quarter earnings guidance to 38 cents to 41 cents a share, which includes a gain. The company said it expects to report full-year 2002 earnings of $1.28 to $1.31 a share, on sales of $1.27 billion. For full-year 2003, Duane Reade expects earnings of $1.40 to $1.50 a share, on sales of $1.44 billion to $1.49 billion.
Eaton Corp. (ETN) said it expects to post first-quarter operating earnings of 90 cents a share to $1 a share and full-year operating earnings of $5 a share to $5.25 a share.
Fiserv Inc. (FISV) said its earnings-per-share target for 2003 is $1.58 to $1.62 a share, before any realized gains from investment sales.
Global Industries Ltd. (GLBL) said its loss for 2002, including a charge, was between 31 and 33 cents a share.
Hubbell Inc. (HUBB) expects 2003 earnings of $1.95 to $2.15, including a charge.
Iberiabank Corp.'s (IBKC) boosted its expectations for 2003 earnings per share to a range of $3.27 to $3.33, excluding merger-related expenses.
InfoNow Corp. (INOW) expects to report fourth-quarter revenue of about $3.7 million, up about 20% from $3.1 million in the third quarter. The company also said it sees net income for the fourth quarter of about $650,000, or 7 cents a share.
Kensey Nash Corp. (KNSY) boosted its estimated results for the third quarter and fiscal 2003, and now sees third-quarter earnings of 16 cents a share, on revenue of $11 million. For fiscal 2003, the company predicts EPS growth of 40% to 50%, despite an expected increase in average shares.
Logitech (LOGI) expects fourth-quarter income of $32 million, excluding interest expense and taxes, on revenue of $285 million to $290 million. Fiscal 2003 results will be higher than the company's earlier goal of $120 million in operating income on revenue of $1.07 billion, the company said.
Media 100 Inc. (MDEA) expects to report a fourth-quarter loss of 11-13 cents a share, in line with previous guidance.
Meridian Bioscience (VIVO) still expects earnings of 42 cents to 47 cents a share for the fiscal year ending Sept. 30. It also predicts sales of $64 million to $67 million.
Metro-Goldwyn-Mayer Inc. (MGM) expects to report net income in the range of $55 million to $60 million, or 22 cents to 24 cents a share, including gains, for the fourth quarter ended Dec. 31, 2002. Revenue in the 2002 fourth quarter is expected to be in the range of $615 million to $620 million. Metro-Goldwyn-Mayer said it expects to report a net loss in the range of $140 million to $145 million, or 56 cents to 58 cents a share, for full 2002.
Mothers Work Inc. (MWRK) boosted its 2003 guidance, and now sees 2003 revenue between $498 million and $503 million, and earnings per share between $2.60 and $2.70. The new forecast assumes same-store sales increase of 2% to 3%. In November, Mothers Work forecast 2003 earnings per share between $2.56 and $2.61 a share on sales between $495 million and $500 million.
Movie Gallery Inc. (MOVI) raised fourth-quarter earnings to between 37 cents and 40 cents a share. Movie Gallery also announced guidance for the year ending Jan. 4, 2004, and expects adjusted earnings of $1.34 to $1.44 a share. The company expects full-year 2003 revenue to increase to $635 million to $655 million, helped by an anticipated same-store revenue increase of between 2% and 5%.
MRO Software (MROI) maintained revenue projections of $180 million to $190 million for fiscal 2003. Pro-forma earnings per share are expected to be in the range of 30 cents to 40 cents a share for the same period.
Quanex Corp. (NX) expects to report first-quarter earnings per share similar to the year-ago period, with full-year 2003 earnings per share expected to rise about 10%.
Susquehanna Bancshares Inc. (SUSQ) expects first-quarter earnings between 39 and 41 cents a share and 2003 earnings between $1.62 and $1.68 a share.
Technitrol Inc. (TNL) expects 2003 earnings of 63 cents to 75 cents a share, excluding one-time items. The guidance includes the acquisition of the Eldor consumer business announced on Jan. 9.
Zenith National Insurance Corp. (ZNT) restated its fourth-quarter and year guidance to reflect an accounting change. The company now expects a loss of $7.5 million, or 40 cents a share in the fourth quarter. Net income for the year ended Dec. 31, 2002, is estimated at $10.5 million, or 56 cents a share.
>>>I was under the impression that China and Russia are already involved and are urging the N. Koreans to not build any more nukes....
<<<
Suppose it doesn't work. I'd play it safe. Besides, the general market looks like crap. All and all the odds favor a defensive posture. When you don't know what to do....do nothing.
>>>Zeev or anyone have any thoughts on the Chinese Internet stocks? SINA, SOHU, NTES. I believe Wahz was a little positive on these but can't seem to remember. They seem to be getting awfully pricey in this market - short candidates?<<<
I'd be careful from here. Should the N.Korea drama turn worse China will get involved and many of these stocks could tank. Besides, these stocks are wayyyyyyyyy overvalued.
XMSR....Catch me if you can.
>>>yeah Bearmove, I completely agree-we could get a nice squeeze coming up. good to see your still around. I rememebr the good ole days back in the Shark Tank.<<<
How are you buddy? Yup, I'm still doing my thing. Glad to see you here.
Rich
KNSY up almost 2 points on strong earnings. The stock needs to get thru $20.
Kensey Nash Corp. (KNSY) boosted its estimated results for the third quarter and fiscal 2003, citing second-quarter results and the visibility for the period.
Kensey Nash, which makes medical devices, now sees third-quarter earnings of 16 cents a share, on revenue of $11 million. For fiscal 2003, the company predicts EPS growth of 40% to 50%, despite an expected increase in average shares.
Analysts expected third quarter earnings of 15 cents a share, and fiscal 2003 earnings of 59 cents a share.
Full-year results expected by Wall Street would represent a 37% increase from Kensey Nash's fiscal 2002 earnings of 43 cents a share, on revenue of $29.03 million.
(MORE) Dow Jones Newswires
01-20-03 1816ET
VXGN worth watching here...
APPX will surge...
American Pharmaceutical Partners Raises 2002 Fourth Quarter and Full Year
Earnings Guidance
LOS ANGELES, Jan. 21 /PRNewswire-FirstCall/ -- American Pharmaceutical Partners, Inc. (Nasdaq: APPX), today announced that a preliminary review of fourth quarter and year end operating results indicate that estimated 2002 fourth quarter net earnings will be in the range of $0.33 to $0.37 per diluted share and full year earnings in a range of $0.86 to $0.90 per diluted share. These estimates exceed the Company's earlier estimate and the current FirstCall consensus earnings estimate of $0.21 per diluted share for the fourth quarter of 2002 and $0.73 per diluted share for the full year 2002. The Company attributed these results to strong demand for recently launched, higher margin products, combined with the leverage of fixed production and other costs over higher product volumes. APP's results remain subject to review by its outside independent auditors. The company plans to report its complete results for the 2002 fourth quarter and full year on February 26, 2003.
DISH could surge today on news.
By Andy Pasztor And John Lippman
NEW YORK (Dow Jones)--EchoStar Communications Corp. (DISH) Chairman Charles Ergen, recently blocked by federal regulators from acquiring his main rival in the U.S. satellite-television market, has been talking with long-standing adversary Rupert Murdoch as well as Liberty Media Corp. (L) about possibly selling his company, according to industry officials familiar with the contacts.
There haven't been any formal negotiations, Mr. Ergen isn't commenting on his motives and it isn't clear what response these preliminary feelers have sparked. EchoStar currently has a market capitalization of $12.4 billion and debt of about $5.7 billion.
The surprising twist could indicate that the EchoStar chief is worried about his long-term ability to compete against players with deeper pockets, better access to programming and worldwide reach. He tried to attain that last year with an $18 billion bid for Hughes Electronics Corp. (GMH) and its DirecTV satellite unit but was shot down by federal regulators on antitrust grounds. Mr. Murdoch is now interested in acquiring DirecTV as part of his U.S. expansion plans.
People familiar with the matter say Mr. Ergen also had a similar contact with executives of Liberty Media, controlled by cable-TV mogul John Malone.
A headstrong entrepreneur, Mr. Ergen built EchoStar's Dish Network into the country's second-largest direct-to-home satellite service with eight million subscribers, compared with 11.2 million U.S subscribers for DirecTV.
For years, he has decried accelerating consolidation among cable-TV providers and global media companies. But he now appears to have at least opened the door to joining that trend.
EchoStar didn't dispute that it has been engaged in discussions with the pair of media powerhouses, but it isn't clear which side made the overture. In a brief statement, EchoStar said it "continues to focus its efforts on maintaining its leadership position in the cable and satellite industry. Obviously our board of directors would be required to consider any firm proposal that would benefit our shareholders." A company spokesman said Mr. Ergen wasn't available for comment.
Spokesmen for Mr. Murdoch's News Corp. (NWS) and Liberty Media also declined to comment.
While Mr. Ergen hasn't publicly indicated he is considering putting his company on the block, some Wall Street analysts and industry officials previously suggested that in the long run, it could be tough for EchoStar to survive on its own. Not only is Mr. Ergen's company in an increasingly expensive fight with DirecTV to snare new customers and subsidize receiving equipment provided to subscribers, it also faces a fierce battle with cable operators offering high-speed Internet service that EchoStar can't match nationwide.
Unlike Hughes, for instance, EchoStar has spent more than $150 million but still doesn't have a clear-cut strategy to use satellites for fast Internet connections as part of its array of offerings. What's more, capacity constraints on its satellite fleet allow it to offer local television channels to only about 65% of the U.S. population.
Indeed, long before the government vetoed EchoStar's bid for General Motors Corp.'s (GM) Hughes Electronics, Mr. Ergen acknowledged that his company would need more heft to survive in an era of media consolidation and vertically integrated giants able to control their own content and distribution. In an interview in late 2001 at his Littleton, Colo., headquarters, Mr. Ergen argued that an EchoStar-Hughes combination was the only way either satellite company could effectively compete against entrenched cable interests. At one point, he disclosed that he initially thought it would be EchoStar that got snapped up in a merger. "Quite frankly, I thought I was probably going to have to sell the company," he said.
Just before the Federal Communications Commission resoundingly rejected the DirecTV-EchoStar deal last October, Mr. Ergen told an industry gathering in New York that the entire satellite-broadcast industry could "fall off the cliff" because of its inability to compete across the board with cable providers for all 100 million homes with television sets. In additional comments to analysts the next month, Mr. Ergen worried that "the satellite category seems to have lost momentum" in retail outlets.
He added that his management team accepted the fact that "we're not going to become a dominant broadband player." Yet for the most part, such statements previously were viewed as ways to buttress Mr. Ergen's own expansion hopes.
The feeler to Mr. Murdoch belies the long and stormy relationship between the two men. Messrs. Ergen and Murdoch attempted in 1997 to merge their respective fledgling satellite-TV operations, but the joint venture collapsed three months later amid acrimony and lawsuits.
Then, in 2001, Mr. Murdoch made a bid for Hughes Electronics only to be outmaneuvered by Mr. Ergen, who came in at the last minute with an all-cash bid that was considerably simpler than what Mr. Murdoch offered and, hence, was more appealing to the board of General Motors, Hughes's parent.
That move triggered a behind-the-scenes lobbying campaign by News Corp. aimed at state regulators and lawmakers to scuttle the EchoStar-DirecTV deal on antitrust grounds. Since that deal fell apart, News Corp. and Liberty have banded together again to make a new run at DirecTV.
GM has suggested that it isn't in any rush to make a decision concerning the fate of its satellite-TV unit which, in the meantime, has altered its business strategy to concentrate less on grabbing new subscribers and more on wringing maximum revenue from current clients. GM and Hughes also are considering options that include spinning off DirecTV or selling it to other potential corporate buyers or private-equity groups.
In this volatile environment, say analysts, Mr. Murdoch could use the EchoStar gambit to pressure GM and Hughes to quickly embrace his proposal. On the other hand, if News Corp. loses out once more in its bid to buy DirecTV, EchoStar could end up as Mr. Murdoch's default choice to acquire his long-sought foothold in the U.S. satellite-TV market.
-Martin Peers contributed to this article.
(END) Dow Jones Newswires
01-21-03 0000ET
OJ, $19.57 seems to be the downside target for XLNX. You can look over some numbers here...http://www.stockconsultant.com/consultnow/basicplus.cgi?ID=sample&zz=7423&symbol=XLNX
Its my opinion that we will see some better looking earning reports this week. Some which I'm targeting are NBTY which reports on Wed. QCOM also reports on Wed so I will zoom in the the stock on Tues. I also like TTEK which reports on Wed. AMZN reports on Thurs and I'm expecting a sell on the news move. I also like AMZN short going forward.
I may buy FLEX going into their Thurs earnings report. SBUX reports on Thurs and I suspect they will again report a great quarter. ATVI reports on Wed and I've got a feeling they will surprise to the upside. I like the recent insider buying. EK reports on Wed. Their report should be very interesting coming off the busy holiday season. SNDK also reports on Wed. Thurs we get AMGN so I will watch this one starting on Tue for a feel. Another stock I'm watching is HD. Fri's action was interesting considering the general market tanked.
Chuck Hill of Thomson First Call said that, so far, earnings are shaping up as expected. With 19 percent of the S&P 500 reporting, fourth-quarter earnings have grown about 9.6 percent.
Seems many are expecting the general market to head alot lower. The deck seems stacked as if the world was ending. Everyone and his brother is buying gold. Last week a cashier at a dept store recommended I should buy gold stocks. That is a red flag to me. I've learned a long time ago to always expect the unexpected.
>>>Last week I gave a friend the link to this board as site where one may find some experienced traders to learn from. After what I saw the last couple days I'm embarrassed that I did.
Jim, if you are still lurking, please forgive me. Usually this is a good board for traders, and usually, one of the best. I hope it returns that way soon.
Joe <<<
I'm also somewhat surprised at the recent postings. I'm new here and more interested in selected trading ideas and opinions. I personally would prefer to see more trading ideas vs the back and forth debating about he said she said.
We should see some action within the Linux stocks this coming week.
It's a LinuxWorld, after all
By Stephen Shankland
Staff Writer, CNET News.com
January 19, 2003, 9:00 PM PT
http://news.com.com/2100-1001-981287.html?tag=fd_top
Bullish Patterns
Triple Top/Bottom:
BSX SLM HMA
Triangle Breakout:
SLM HMA AMLN
Range Breakout:
AMLN
Trend Reversal:
TKTX GAJ SEB SPAR CTIB
WVFC
Bearish Patterns
Triple Top/Bottom:
BDK GD BGEN KEY OMC
FLEX HGSI STM FCS
Triangle Breakout:
CPB INTU MYG OMC PRE
MKC
Range Breakout:
GD KEY
Head and Shoulder:
USAI TMCS
Trend Reversal:
FMS-
Stochastic Combo:
MAT CLE PEGA NANX
Watch
Triple Top/Bottom:
WFC PCAR CMA G SPC
WWY EBAY AMLN
Triangle Breakout:
ALD EFX HUM TJX FNF
FTN KTC
Range Breakout:
CINF HUM
Trend Reversal:
ME-A WCS BEM JLN CFFC
LCUT WEYS
Moving Average Crosses:
AXP BA BMY CEN C
CSC FDX HAL HIG INTC
IBM MAY MSFT ORCL ADPT
ADBE ALTR ANDW AMAT BMET
Stochastic Combo:
APOL FAST ETN THC UN
SDS FRNT EBIX CWP PNK
SYKE ASGN ALKS NOIZ DLM
FSII
http://www.tradetrek.com/LivePick/default.asp
"Foreigners aren't going to let us off the hook easily," Gross says. And any exodus out of U.S. assets could have a "real fire-in-the-theater potential," he says.
Of course, the Fed could try to forestall a disastrous run by buying up the domestic assets that foreigners sell - a move that Gross admits would soften the blow temporarily.
"But ultimately," Gross says, "if the Fed has to do those sorts of things ... that's a perversion of capitalism as I know it and it would not be conducive to the long-term health of the economy."
http://www2.ocregister.com/ocrweb/ocr/article.do?id=21205§ion=BUSINESS&year=2003&mon...
>>>Bearmove, As you are well aware I am the HD expert. IMO they have not yet reached bottom. The sales goals they made today will be almost impossible to meet. Sure we could see abounce but it's only a matter of time before they drift lower. Like MSFT, HD's final chapters have been changed. The story now has a different ending in many minds.
Joe<<<
I'm not totally in agreement with you Joe. I like the way the stock is holding up here. I agree that revenues and earnings are crap. As for MSFT....I may buy before the close.
IOM of all things is surging up to a day high. It could very well breakout soon.
HD bottom?
I'm now interested in fuel cell stocks which no one seems to care about. That is when you buy.
Watching these...BLDP....FCEL ...PLUG
At some point soon I believe perception will take these up. Oil hitting new highs. I smell an opportunity here going forward.
NBTY is holding those gains so far. Earnings are due on the 22nd. The stock is a great earnings play.
TRMS is breaking out thru its 200day MA.
PS....SLM has moved up further since my post.
09:59 ET Applied Materials may close ops for week in February - BofA (AMAT) 13.70 -0.64:
Banc of America says channel checks indicate that AMAT will close operations for a week in Feb
due to weak business conditions; firm also believes there is a possibility that the co will close for a
week in March as well, and continues to think the stock will retest its Sept lows.
BSX breakout to new high.
SLM.....This one is cooking and trying to break thru the new high wall.
PLUM....Big surge. Worth watching but won't chase it.
>>>Which way was that Bear <<<
My error.....trying to learn how to use these boards.
NBTY heading north..
NBTY heading north..
NBTY heading north..
OMG...FYI
SOURCE: Form 4
ISSUER: OM GROUP INC
SYMBOL: OMG
FILER: ARDSLEY ADVISORY PARTNERS
TITLE: Beneficial Owner
TRANSACTION: Purchase 300,000 01/14/03 $9.20-$9.28
OWNERSHIP: 3,450,000
The Form 4 is filed with the Securities and Exchange Commission by any
insider buying or selling their company's shares. This form must be
filed within two business days of the transaction.
Insider data source: Washington Service (info@washserv.com or 202-778-1384)
(END) Dow Jones Newswires
01-17-03 0012ET
SMD continues higher...
COST....Sold it near $30.55 to lock in a small gain.
Bought COST at the open.....stop at $29.75
By Johnathan Burns
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--The nation's largest data-networking companies and optical equipment makers continued to struggle during the fourth quarter as high-tech spending ran on end-of-year fumes.
A few companies showed strength relative to previous quarters, including optical switch maker Ciena Corp. (CIEN), which is expected to see a sequential increase in revenue, while switch maker Foundry Networks Inc. (FDRY) will post its highest sales results in more than five quarters.
But spending by enterprises and carriers remained weak on the whole, as Lucent Technologies Inc. (LU) hit what company officials believe to be a bottom point in quarterly revenue and optical component makers Corning Inc. (GLW) and JDS Uniphase Corp. (JDSU) saw their lowest sales totals in at least three years. Data-networking giant Cisco Systems Inc. (CSCO) is expected to post sequentially weaker sales.
Juniper Networks (JNPR), which sells large routers to service providers, is expected to lose a penny a share on revenue of $150.4 million in the fourth quarter, compared with earnings of 5 cents a share on revenue of $151 million a year ago, according to a Thomson First Call survey of analysts. The company reports Thursday after the close.
"We believe that Juniper may be benefiting from a possible carrier spending uptick outside the U.S. in the fourth quarter, particularly in Europe and Asia," said Lehman Brothers Inc. analyst Tim Luke. Lehman does not have an investment banking relationship with the company, and Luke does not own Juniper stock. "In the U.S., although aggregate carrier (capital spending) levels appear to be up significantly in the fourth quarter versus a very weak third quarter, we think most U.S. carriers are likely to underspend their 2002 budget dollars."
After spending freely in the late 1990s and into 2000, the economic slowdown and capital market shutdown forced carriers to drastically curtail equipment spending. Likewise for economic reasons, enterprises - or large businesses - also have reduced spending on switches, routers and related equipment and software in an effort to pinch pennies.
Cisco, the world's leading switch and router maker, is expected to earn 13 cents a share on revenue of $4.73 billion in its fiscal second quarter ending January, versus 9 cents on $4.82 billion a year ago.
Luke believes Cisco saw solid sales in November and early December, with more subdued sales toward the end of the year. He said Cisco will see slower to flattish sales in the U.S. enterprise market, which accounts for 40% to 45% of bookings. Sales in China are expected to be solid. He also expects that government spending - both federal and state - may have been slightly constrained in the quarter.
Luke does not own Cisco stock, and Lehman does not have an investment banking relationship with the company.
A Low For Lucent
Meanwhile, telecommunications equipment maker Lucent will have to rely on its wireless gear sales as the market for optical devices continues to suffer.
Lucent is expected to report a fiscal first-quarter loss of 21 cents a share on revenue of $2.11 billion, compared with a loss of 23 cents a share on revenue of $3.47 billion a year ago. Lucent's first quarter ended in December.
Lucent executives have said they believe the quarter will be the low point for revenue in fiscal 2003.
Weak carrier spending similarly has depressed sales at digital cross-connect maker Tellabs Inc. (TLAB), which is expected to post a fourth-quarter loss of 3 cents a share on sales of $283.3 million, compared with earnings of 3 cents a share on revenue of $470 million a year ago. It will be Tellabs' weakest quarter in terms of revenue in at least 15 quarters.
Ciena's fiscal first-quarter sales will be on a different trajectory, with revenue expected to be $66.8 million, up from $61.9 million the previous quarter. The company is expected to lose 14 cents a share, compared with a loss of 17 cents a share on revenue of $162.2 million a year ago. Ciena's first quarter ends in January.
Spending on optical equipment that goes into the long-haul portion of the network has been particularly constricted, knocking the wind out of companies such as Ciena, Tellabs and Lucent. Those companies, in turn, have stopped buying as many optical components to put into their systems from the likes of Corning and JDS Uniphase.
Corning also has been doubled over by a staggering drop in demand for its optical fiber, which has forced the company to close or mothball manufacturing facilities.
Corning is expected to post a loss of 9 cents a share in the fourth quarter on revenue of $777 million compared with a loss of 28 cents on revenue of $974 million a year ago. Corning's sales will be its lowest in at least 14 quarters.
JDS Uniphase will post its lowest quarterly sales results since 1999 in the company's fiscal second quarter ended in December. The company is expected to lose 5 cents a share on revenue of $152.5 million, compared with a loss of 2 cents a share on revenue of $289.1 million a year ago.
Networking equipment maker Foundry is expected to earn 6 cents a share on revenue of $83.5 million in the fourth quarter, compared with earnings of a penny a share and revenue of $65.4 million a year ago.
"We believe Foundry saw continued demand from the government and also from higher education," said Mark Sue, analyst with C.E. Unterberg Towbin. He owns no company stock and the firm has no investment banking relationship with the company. "Additionally, we believe Foundry saw strength in Japan and a return of activity in Europe during the quarter."
For its fiscal second quarter ended in December, switch maker Extreme Networks Inc. (EXTR) last week reported a loss of 17 cents a share on revenue of $90.2 million, compared with a loss of 9 cents a share on revenue of $109.1 million a year ago.
-By Johnathan Burns, Dow Jones Newswires; 201-938-2020; johnathan.burns@dowjones.com
(END) Dow Jones Newswires
01-16-03 1312ET
>>>BEAR..
Well that consolidation of guidances is nice.. May I ask from where did you find them?<<<
Schwab real-time news.
Larry, why does it matter? I'm here to contribute ideas.
The following companies recently issued guidance:
-Abbott Laboratories (ABT) forecast first-quarter earnings of 50 to 52 cents a share and 2003 earnings of $2.20 to $2.25 a share.
-Advo Inc. (AD) remains comfortable with its prediction of 2% revenue growth and 7% to 9% earnings per share growth in fiscal 2003. Based on fiscal 2002 revenue of $1.13 billion and diluted earnings of $2.07 a share, the company is projecting 2003 revenue of $1.15 billion and earnings of $2.21 to $2.26 a share.
-Apple Computer Inc. (AAPL) expects second-quarter revenue to be relatively flat with the first quarter's $1.47 billion, with a "slight" profit.
-Buca Inc. (BUCA) put fourth-quarter earnings at 11 cents a share, and expects the same amount in the first quarter. The company forecast per share earnings of 14 to 15 cents for the second quarter, 13 to 14 cents in the third and 19 to 20 cents in the fourth.
-Callaway Golf Co. (ELY) estimated that 2002 results will be at the high end or slightly above its earnings forecast of 96 cents to $1 a share, excluding items, on sales of $790 million.
-CBRL Group Inc. (CBRL) estimated fiscal second-quarter growth to be 30% above a year earlier, which would put earnings at 48 cents a share. The company expects full-year fiscal 2003 earnings of $2.
-Consolidated Edison Inc. (ED) expects 2003 income of $2.90 to $3.05 a share.
-Critical Path Inc. (CPTH) estimated fourth-quarter revenue to be $21 million to $22 million.
-Developers Diversified Realty Corp. (DDR) backed its guidance for 2003 funds from operations of $2.70 a share.
-D.R. Horton Inc. (DHI) forecast fiscal second-quarter earnings of 73 to 76 cents a share and fiscal 2003 earnings of $3.50 to $3.55 a share.
-Federated Department Stores Inc. (FD) forecast earnings before charges of $3.15 to $3.35 a share for the year ending in January 2004. The company expects to report earnings of $1.73 to $1.83 a share forthe latest fourth quarter and earnings of $3.15 to $3.25 a share for the year ending this month.
-Ferro Corp. (FOE) expects to report fourth-quarter earnings from continuing operations of 16 cents to 22 cents a share., excluding charges.
-Forest Laboratories Inc. (FRX) expects fiscal fourth-quarter earnings comparable to third-quarter earnings of 47 cents a share.
-Genentech Inc. (DNA) expects to meet its goal of posting 20% earnings growth in 2003. The company reported 2002 earnings of $63.8 million, or 12 cents a share, including $543.9 million in litigation charges.
-General Motors Corp. (GM) expects to earn $1.50 a share in the first quarter and $5 a share in 2003 overall. The estimates exclude results from its Hughes Electronics Corp. (GMH) operations and any special items.
-Heritage Property Investment Trust Inc. (HTG) expects 2003 funds from operation of $2.67 to $2.72 a share.
-Idec Pharmaceuticals Corp. (IDPH) expects to report fourth-quarter earnings of 26 cents a share and 2002 earnings of 85 cents a share.
-Integrity Media Inc. (ITGR) lowered its 2002 earnings forecast to 35 cents to 40 cents a share, with revenue of about $71 million.
-International Paper Co. (IP) expects fourth-quarter operating earnings slightly above First Call's consensus estimates of 26 cents a share, but will record a pretax charge of $450 million.
-Jones Apparel Group Inc. (JNY) affirmed its fourth-quarter earnings guidance of 48 cents to 50 cents a share.
-Kerzner International Ltd. (KZL) put its 2002 earnings at more than $2 a share, excluding certain items.
-Lightbridge Inc. (LTBG) reiterated that it expects to report fourth-quarter earnings of 3 cents to 6 cents a share on revenue between $31 million and $33 million.
-Mercury Computer Systems Inc. (MRCY) expects fiscal third-quarter earnings per share of 28 cents to 32 cents on revenue between $48 million and $51 million. The company sees fiscal 2003 earnings between $1 and $1.10 a share on revenue of $170 million to $175 million.
-Minerals Technologies Inc. (MTX) expects its fourth-quarter earnings to come in "significantly below" consensus Wall Street earnings estimate of 74 cents a share.
-Mony Group Inc. (MNY) expects 2003 core earnings between 30 cents and 35 cents a share. The company put its fourth-quarter earnings between 12 cents to 19 cents a share, including gains and charges.
-Netflix Inc. (NFLX) projected first-quarter revenue of between $51 million and $54 million and earnings before interest, taxes, depreciation and amortization of $5.7 million to $7.2 million.
-OSI Systems Inc. (OSIS) expects to report fiscal second-quarter earnings of 24 to 25 cents a share, with revenue exceeding $43.5 million.
-Parker Hannifin Corp. (PH) expects fiscal third-quarter earnings of 55 cents to 65 cents a share, excluding realignment costs. For the full fiscal year, the company projected earnings of $2.20 to $2.30 a share.
-Ross Systems Inc. (ROSS) expects to report fiscal second-quarter earnings of 45 cents a share on $12 million revenue.
-Sabre Holdings Corp. (TSG) expects first-quarter net income to be between 41 cents and 46 cents a share on revenue of $530 million to $550 million, including a $9 million charge. The company reiterated its 2003 net income guidance of $1.54 to $1.64 a share and its operating earnings forecast of $1.78 to $1.88 a share.
-Sierra Health Services Ind. (SIE) expects to exceed its 2002 earnings guidance of $1.30 to $1.35 a share.
-Singing Machine Co. (SMD) expects fiscal 2003 earnings of $1.32 to $1.37 a share, on revenue between $100 million to $150 million. The company will record a charge of 17 cents a share on an ended agreement.
-Sportsman's Guide, Inc. (SGDE) expects to report sales in the range of $65 million to $66 million and per share earnings of 50 cents to 52 cents for the fourth quarter.
-Symantec Corp. (SYMC) expects fiscal fourth-quarter revenue of $370 million to $390 million and pro forma earnings of 45 cents a share. For the fiscal year ending in March 2004, the company expects revenue of $1.65 billion and pro forma earnings of $1.88 a share.
-UniSource Energy Corp. (UNS) put 2002 earnings per share between 90 cents and $1, and widened its guidance for 2003 to $1.30 to $1.50 a share from $1.40 a share.
-United Technologies Corp. (UTX) said it feels comfortable with analysts' expectations for 2003 earnings of $4.55 to $4.80 a share as well as their views for "correspondingly strong cash flow."
-Wachovia Corp. (WB) expects 2003 results to show "some improvement" from 2002 income of $3.58 billion, or $2.60 a share.
-Watson Pharmaceuticals Inc. (WPO) estimated fourth-quarter earnings to be 44 cents to 45 cents a share on revenue of $320 million to $330 million.
-Whirlpool Corp. (WHR) will record a charge of $43 million, or 62 cents a share, in the fourth quarter, related to UAL Corp.'s (UAL) bankruptcy filing.
-Yahoo Inc. (YHOO) raised its 2003 revenue guidance to $1.15 billion to $1.22 billion, and forecast first-quarter revenue of $255 million to $275 million. The company expects 2003 earnings before interest, tax, depreciation and amortization of $295 million to $330 million.
(END) Dow Jones Newswires
01-16-03 1530ET
MSFT....Poor numbers so they try to sugar coat it with a split and div. Not biting..