Wednesday, October 16, 2002 5:39:08 PM
17:09 ET IBM comments on PwC acquisition (IBM) 64.90 -3.58: -- Update -- On call, says it continues to expects PwC Consulting acquisition to have an impact of about $0.30 per share in Q4 ($0.05 from ongoing operations, including amortization of intangibles; $0.08-0.09 related to deal proceeds; and $0.15-0.16 worth of transition charges)... maintains that deal will be accretive in 2H02 and break-even for full-year... IBM +3.09 at 67.99
17:01 ET Macromedia beats by 11 cents (MACR) 7.33 +0.01: Reports Q2 (Sep) earnings of $0.13 per share, $0.11 better than the Multex consensus of $0.02; revenues fell 2% year/year to $85.4 mln vs the $83.8 mln consensus. Expects Q3 revs to be $78-$82 mln (vs consensus of $84.6 mln), and "both revenues and profit are expected to show sequential increases into the March quarter."
16:59 ET Symantec raises guidance (SYMC) 35.56 : -- Update -- On conference call, company guides Q3 (Dec) to around $0.38 EPS and $335-355 mln revenues (excluding costs from acquired businesses) vs. Multex consensus estimates of $0.35 and $336.5 mln; puts operating expenses at $204 mln. Company expects FYO3 earnings to come in at $1.55 and revenues at $1.33 bln vs. consensus of $1.42 and $1.31 bln.
17:01 ET Macromedia beats by 11 cents (MACR) 7.33 +0.01: Reports Q2 (Sep) earnings of $0.13 per share, $0.11 better than the Multex consensus of $0.02; revenues fell 2% year/year to $85.4 mln vs the $83.8 mln consensus. Expects Q3 revs to be $78-$82 mln (vs consensus of $84.6 mln), and "both revenues and profit are expected to show sequential increases into the March quarter."
16:59 ET Symantec raises guidance (SYMC) 35.56 : -- Update -- On conference call, company guides Q3 (Dec) to around $0.38 EPS and $335-355 mln revenues (excluding costs from acquired businesses) vs. Multex consensus estimates of $0.35 and $336.5 mln; puts operating expenses at $204 mln. Company expects FYO3 earnings to come in at $1.55 and revenues at $1.33 bln vs. consensus of $1.42 and $1.31 bln.
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