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.
