![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, October 25, 2005 9:35:53 PM
Eye On Stocks For Wednesday, Oct. 26
Peter Kang, 10.25.05, 6:55 PM ET
Shares of Amazon.com fell 7.7% in the extended-trading session after the Internet retailer reported lower-than-expected third-quarter profit. Amazon posted earnings of 7 cents per share on sales of $1.86 billion. Analysts surveyed by Thomson First Call expected earnings of 10 cents per share on sales of $1.84 billion. The company projected fourth-quarter and fiscal 2005 guidance, which tracked slightly below analysts' forecasts.
Flextronics (nasdaq: FLEX - news - people ) was also battered in late trading as the electronics manufacturing services firm posted disappointing second-quarter results and guided to the downside for the third quarter. Flextronics announced income of 17 cents per share on sales of $3.88 billion, compared with analysts' estimates of 19 cents per share in earnings on sales of $4.11 billion. Third-quarter earnings are expected to range from 18 cents to 20 cents per share on revenue of $4.0 billion to $4.2 billion, lower than the current Street estimate of 25 cents per share in earnings and revenue $4.56 billion.
Lucent Technologies (nyse: LU - news - people ) is set to announce fourth-quarter earnings on Wednesday before the start of trading. The Wall Street consensus calls for the telecom equipment maker to report earnings of 5 cents per share on revenue of $2.46 billion, compared with year-ago earnings of 4 cents per share on revenue of $2.40 billion. Credit Suisse First Boston maintained a "neutral" rating and price target of $3.10 on the stock last Tuesday after Lucent announced a four-year contract with Cingular Wireless to provide IP Multimedia Subsystem (IMS) services. Lucent has "right-sized itself for survival," said CSFB, but concerns remain regarding the company's ability to generate profit amid a projected slowdown in capital spending by U.S. telecoms. "To better leverage its modest growth profile, we believe that Lucent will need to undertake another round of restructuring or to exit certain non-strategic business lines," it said.
F5 Networks (nasdaq: FFIV - news - people ) announced a fourth-quarter profit well above analysts' expectations and provided upside guidance for the fiscal first quarter. The network equipment maker posted earnings of 47 cents per share, on a pro forma basis, on sales of $80.6 million. Analysts expected earnings of 38 cents per share on sales of $77 million. F5 said first quarter income will range from 44 cents to 45 cents per share with sales projected in a range of $85 million to $87 million, compared with current Wall Street estimates of 38 cents per share in earnings on sales of $82 million. The stock jumped 15% in after-hours trading.
Infospace (nasdaq: INSP - news - people ) shares surged 16% in late trading after the company beat third-quarter earnings forecasts and issued upside fiscal 2005 guidance. The Internet and mobile technology firm announced adjusted earnings of 32 cents per share, compared with the consensus estimate of 18 cents per share. Sales also came in better than expected at $83 million, above the $77 million forecast. Infospace also offered upbeat guidance for the fourth quarter with earnings-per-share expected to range from 25 cents to 28 cents, compared with the Street forecast of 15 cents.
Want to track news by this author or about this industry? Forbes Attache makes it easy.
1 of 1
-------------------------------------------------------------
E-mail | Print | Comments | License Reprints | E-Mail Newsletters | RSS
---------------------------------------------------------------
G'day Mates.
Aussie
Australia is a beautiful place with wonderful people that just love Americans. You've got to go there some day. Give it a go Mate.
Recent LU News
- Lufax to Announce Second Quarter 2024 Financial Results on August 21, 2024 • PR Newswire (US) • 08/16/2024 11:00:00 AM
- Form SC 13D - General Statement of Acquisition of Beneficial Ownership • Edgar (US Regulatory) • 08/13/2024 05:11:26 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/09/2024 10:05:57 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/07/2024 10:04:26 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/30/2024 08:02:25 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/24/2024 08:00:56 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/12/2024 11:47:57 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/12/2024 01:01:56 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/07/2024 10:07:55 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/30/2024 08:07:56 PM
- Lufax Announces Results of Annual General Meeting • PR Newswire (US) • 05/30/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/08/2024 10:04:55 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/07/2024 10:31:44 AM
- Lufax Announces Annual General Meeting on May 30, 2024 and Filing of Its Annual Report on Form 20-F • PR Newswire (US) • 04/23/2024 01:05:00 PM
- Lufax Reports First Quarter 2024 Financial Results • PR Newswire (US) • 04/22/2024 09:30:00 PM
- Lufax to Announce First Quarter 2024 Financial Results on April 22, 2024 • PR Newswire (US) • 04/16/2024 11:00:00 AM
- U.S. Index Futures Rise as Fed’s Dovish Outlook Spurs Positive Investor Sentiment; Oil Prices See Minor Declines • IH Market News • 03/21/2024 11:26:38 AM
- Lufax Reports Fourth Quarter and Full Year 2023 Financial Results • PR Newswire (US) • 03/21/2024 08:30:00 AM
- Lufax to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on March 21, 2024 • PR Newswire (US) • 03/12/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/11/2024 08:01:49 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/05/2024 09:04:54 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 11:08:49 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/06/2024 09:02:03 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/05/2024 12:03:25 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/05/2024 09:03:03 PM
HealthLynked Corp. Announces Second Quarter and First Half 2024 Results: Continued Cost Reductions Set the Stage for Strategic Shift to App-Based Technology Services • HLYK • Aug 16, 2024 8:00 AM
PickleJar Announces Official Name Change and New Ticker Symbol • NREG • Aug 15, 2024 2:23 PM
VAYK's Q2 Profit Added to Accumulated Net Profit of Over $2.2 Million In 18 Months • VAYK • Aug 15, 2024 9:07 AM
Swifty Global Reports Strong Q2 Performance and Prepares for Major Exchange Uplisting • DRCR • Aug 15, 2024 9:04 AM
Mayback's Global Entertainment Signs Global Distribution Agreement with Children's Media Studio • AHRO • Aug 15, 2024 8:45 AM
POET Technologies Reports Second Quarter 2024 Financial Results • POET • Aug 15, 2024 8:04 AM