Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stocks To Watch: BEA Systems, Cabela's, Intuit, JC Penney, Telik

By

Today's big stories and some stocks with potential to move...

PrintPRINT

Stocks to watch for Friday, February 23

  • A.C. Moore Arts & Crafts (ACMR) fourth-quarter net income fell 39% to $6.6 million, or 33 cents a share, from $10.7 million, or 53 cents a share, a year earlier. The company's revenue grew 5.2% to $197.8 million from $188 million in the year-ago period.
  • Hedge fund Third Point LLC said it has filed a Schedule 13D with the Securities and Exchange Commission, urging the board of Acorda Therapeutics (ACOR) to initiate a process to sell the company. Entities advised by Third Point hold 9.9% of Acorda's shares.
  • BEA Systems (BEAS) reported partial results for its 2007 fourth quarter and fiscal year. BEA reported fourth-quarter revenue of $392 million, a 15% increase from a year ago, and $1.4 billion for its entire fiscal year, up 17% from the prior year.
  • Blockbuster (BBI) said it has entered into an agreement to sell its Australian subsidiary and grant the master franchise rights for its system in Australia to Video Ezy.
  • Cabela's (CAB) fourth-quarter net income rose nearly 26% to $53.4 million, or 80 cents a share, from a year-earlier profit of $42.5 million, or 64 cents a share. The Sidney, Neb., sporting goods retailer's revenue increased 16% to $781 million, from $675.4 million, while same-store sales rose 1.7%.
  • CarMax's (CMX) board approved a 2-for-1 split in the form of a share dividend of its common stock.
  • Chesapeake Energy reported (CHK) higher fourth-quarter profit and revenue from the year-ago period. Net income rose 29% to $418.4 million, or 96 cents per share, from $323.5 million, or $1.11 per share. Revenue climbed to $1.9 billion from $1.8 billion a year ago.
  • Chiquita Brands International (CQB) reported a fourth-quarter net loss of $41.9 million, or 99 cents a share, compared with a net loss of $19 million, or 45 cents a share, during the year-ago period. The Cincinnati-based produce company posted revenue of $1.08 billion vs. $999.1 million.
  • Covance (CVD) said it has authorized a stock buyback program of up to 3 million shares, or nearly 5% of the company's common stock.
  • Donaldson (DCI) second-quarter net income grew 16% to $31.3 million, or 38 cents a share, from $26.9 million, or 32 cents a share, a year earlier, as revenue grew 18%. The Minneapolis filtration systems company's revenue for the quarter ended January 31 grew to $463.7 million from $392.9 million in the year-ago period.
  • The Federal Communications Commission has requested further information from satellite-television provider DirecTV (DTV) and Major League Baseball regarding a pending agreement that would provide the league's "Extra Innings" package of out-of-market baseball games exclusively to DirecTV subscribers, FCC Chairman Kevin J. Martin said in a letter.
  • Disney (DIS) said it plans to build two more cruise ships, doubling the number of vessels the entertainment giant has for what it says has been a successful business.
  • Emdeon (HLTH) reported fourth-quarter net earnings of $346.4 million, or $1.14 a share, up from $32.9 million, or 9 cents a share. The 2006 fourth quarter included a gain of $352.3 million related to the sale of a 52% interest in the company's business services segment. Revenue fell to $230.1 million from $263.8 million.
  • First Potomac Realty Trust (FPO) reported fourth-quarter net earnings of $704,458, or 3 cents a share. In the same quarter last year, the company posted a net loss of $1.78 million, or 9 cents a share. Revenue at the Bethesda, Md.-based real estate investment trust rose to $27.8 million from $22.1 million
  • Flowers Foods said (FLO) it still expects 2007 net earnings of $1.33 to $1.43 a share, income from continuing operations of $81 million to $87 million, and revenue of $1.983 billion to $2.04 billion.
  • Gamco Investors (GBL) boosted its legal and regulatory reserves by $3 million and said it made a settlement offer to the Securities and Exchange Commission concerning a dispute over mutual fund share trading dating back more than three years.
  • Google (GOOG) plans to sell a Web-based word-processor and spreadsheet application for firms, marching further into Microsoft's core turf.
  • Home Properties (HME) reported fourth-quarter net earnings of $80.9 million, up from $55.1 million in the same quarter last year. Net income available to common shareholders rose to $79.6 million, or $2.33 a share/unit, from $53.7 million, or $1.68 a share/unit, a year ago.
  • Software provider Intuit (INTU) reported fiscal second-quarter net income of $145.3 million, or 40 cents a share, versus $182.9 million, or 50 cents a share, in the same period last year. Sales rose to $763.3 million from $742.7 million for the three months ended Jan. 31. Intuit, of Mountain View, Calif., sells the TurboTax and QuickBooks software programs.
  • J.C. Penney's (JCP) net fell 13% from a year ago when discontinued operations boosted results, but the retailer sees its private-label clothing fueling solid growth.
  • KLA-Tencor (KLAC) said it has entered into an accelerated share repurchase agreement under which it will buy back $750 million of its common stock. The San Jose, Calif.-based chip-equipment maker also said it has approved a new, 10 million share buyback program
  • M&T Bank (MTB) said it has authorized a stock buyback plan of up to 5 million additional shares, or roughly 4.6% of the company's outstanding common stock.
  • Microsoft (MSFT) was ordered by a federal jury to pay Alcatel-Lucent $1.52 billion for infringing on two patents related to MP3 technology.
  • Newmont Mining (NEM) said fourth-quarter profit more than tripled from a year earlier as soaring gold prices helped offset higher production costs.
  • Odyssey Re Holdings (ORH) reported fourth-quarter net earnings of $85.9 million. During the same period a year ago, the company posted a net loss of $77.3 million. The insurer posted total revenue of $654.6 million compared with $599.9 million. Separately, Odyssey Re doubled its quarterly cash dividend to 6.25 cents from 3.125 cents a share. The dividend is payable on March 30 to shareholders of record as of March 16.
  • Plains All American Pipeline (PAA) fourth-quarter net income fell 14% to $46 million, or 36 cents a limited partner unit, from $53.7 million, or 64 cents a unit, a year earlier, hurt by a decline in marketing revenue. Revenue fell 50% to $4.39 billion from $8.71 billion a year earlier.
  • Red Robin Gourmet Burgers (RRGB) turned in fourth-quarter results that were well ahead of Wall Street's expectations but offered a forecast range that was below them. For the most recent quarter, Red Robin said it made $8.82 million, or 53 cents a share, compared with last year's profit of $5.5 million, or 33 cents a share.
  • Roper Industries (ROP) reported fourth-quarter net earnings of $56.7 million, or 62 cents a share, up 12.5% from $50.4 million, or 57 cents a share, in the year-ago period. Revenue at the Sarasota, Fla.-based diversified industrial company rose 18% to $465.5 million from $393.2 million.
  • SBA Communications (SBAC) reported a fourth-quarter net loss of $24.3 million, or 23 cents a share, compared with a net loss of $32.3 million, or 38 cents a share, during the year-ago period. The Boca Raton, Fla.-based operator of wireless communications towers posted total revenue of $96.8 million compared with $72.4 million.
  • Sempra Energy's (SRE) fourth-quarter 2006 earnings fell 65% compared to a year ago due mainly to a write-down on the company's Argentine gas utilities, and lower net income at both the commodities trading unit and the San Diego Gas & Electric Co. division..
  • Telik (TELK) reported a fourth-quarter net loss of $17.6 million, or 34 cents a share, compared with a net loss of $16.2 million, or 31 cents a share, last year. The Palo Alto, Calif.-based biopharmaceutical company reported no revenue in the three months ended Dec. 31 or in the comparable period last year, while operating costs and expenses rose to $19.5 million from $18.2 million a year ago.
  • VA Software (LNUX) fiscal second-quarter net income plunged to $1.78 million, or 3 cents a share, from $10.5 million, or 17 cents a share, a year ago. The Fremont, Calif., software company said revenue for the quarter ended Jan. 31 increased 28% to $18.8 million from $14.7 million a year ago.
  • Valeant Pharmaceuticals International (VRX) said it has filed an investigational new drug application with the Food and Drug Administration for Cesamet, a treatment of cancer chemotherapy-induced neuropathic pain.
  • Verigy (VRGY) reported first-quarter net earnings of $13 million, or 22 cents a share. During the same period a year ago, the company posted a net loss of $16 million, or 32 cents a share. Revenue at the Cupertino, Calif.-based semiconductor test company fell to $165 million from $170 million.


Market Update

  • Asian trading closed with the Hang Seng -0.47%, Nikkei +0.44% and the Sensex -4.30%
  • Looking over at Europe, we find the CAC -0.05%, DAX +0.10%, FTSE -0.01%, ATX +0.16%, Swiss Mkt. -0.09% and Stockholm +0.19%.
  • Gold is down -1.7 to 681.3 and crude oil is +0.18 to 61.13 this morning.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE