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.
17:32 ET IBM Q4 guidance clarification (IBM) 64.90 -3.58: -- Update -- In Q&A portion, was asked to clarify its Q4 guidance with respect to PwC contribution... company says that current Street revenue estimate implies 12% sequential growth and that it is comfortable with that range when including revenues from PwC Consulting... IBM +5.00 at 69.90
17:29 ET IBM "generally comfortable" with Q4 estimates (IBM) 64.90 -3.58: -- Update -- On call, says it will begin to benefit from the enhanced revenue contribution from the PwC acquisition in Q4 and notes it is generally comfortable with the range of analyst expectations for its Q4 performance (current Multex consensus is $1.34 EPS and revenues of $22.27 bln), but adds that PwC contribution hasn't been accounted for in most analyst models... separately, says it's not ready to give specific 2003 guidance... IBM +4.99 at 69.89
17:20 ET After Hours Indications : The late session tone is solidly positive behind IBM's results. S&P futures at 867, trade six points above fair value while the Nasdaq 100 after hours indicator is higher by 7.5 points.
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