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Stocks to Watch: Anheuser-Busch, Apex Silver, Cisco, Google


What me now. Give it up, turn me loose. Watch me! Ow!


Stocks to watch for Wednesday, May 10:

  • Anheuser-Busch (BUD) close to deal to acquire Rolling Rock from IBRWF for $25m - NY Post.
  • Apex Silver Mines (SIL) reported 1Q EPS ($1.18)/ FC ($0.13), cites hedging losses; development of San Cristobal (Bolivian property) 54% complete and on track.
  • (BIDU) reported 1Q net earnings of 35.2 million yuan ($4.4 million), or 1.02 yuan a share ($0.13 cents). Excluding certain items, the profit came in at $0.16/share. Revenue rose to 135.6 million yuan ($16.9 million). Analysts polled by Thomson First Call had forecast earnings of $0.12/share on revenue of $15 million. Stock was up 22% in early trading.
  • Bob Evans Farms (BOBE) said same-store sales at Bob Evans restaurants fell 0.6% in April even as its average menu prices rose 3.2%. Same-store sales at its smaller Mimi's Cafe chain rose 1.8%.
  • California Pizza Kitchen (CPKI) reported 1Q EPS $0.23/share. Excluding expenses related to stock options, the company would have earned $0.27/share. Revenue came in at $129.7m, with same-store sales rising 6.4%. The average estimate of analysts polled by Thomson First Call had been for the company to earn $0.23/share on sales of $129m.
  • Churchill Downs (CHDN) cuts its losses in 1Q while brisk business in off-track betting and video poker in Louisiana helped partly offset a decline in the number of racing days due to hurricane-related disruptions and general softness elsewhere.
  • Cisco Systems (CSCO: News, Quote) is expected to move lower after it said late Tuesday that fiscal third-quarter profit dipped slightly, as the cost of employee stock options and expenses related to its acquisition of Scientific-Atlanta offset higher sales and a tax gain. Its forecast for the current quarter was below expectations.
  • DaimlerChrysler (DCX) expected to trade up after being upgraded to buy from hold at Deutsche Bank.
  • Walt Disney (DIS) may advance after its 2Q profit rose 12%, stronger than forecast, helped by ESPN.
  • Dusa Pharmaceuticals (DUSA) reported 1Q EPS ($0.15)/ FC ($0.21) on revenues of $4.75m/ FC $3.82m.
  • Google (GOOG) in talks with CTRP about using GOOG search engine.
  • Kerr-McGee (KMG) announced 2-for-1 stock split and increased quarterly dividend 25%.
  • Mylan Laboratories (MYL) reported net income $0.27/share. Revenue rose to $324.6m. A poll of analysts by Thomson First Call estimated $0.25/share, on revenue of $315m.
  • Microsoft (MSFT) said its Xbox 360 system will have a 10-million-unit head start by the time the competition enters the market, and more than 160 game titles by the end of the year. Bill Gates made the announcement at the Electronic Entertainment Expo in Los Angeles.
  • Peabody Energy (BTU) reaffirms guidance; sees FY EPS $1.87-$2.43/ FC $2.34, EBITDA $1bln-$1.15bln, income $506m-$655m.
  • Sina (SINA) reported 1Q EPS $0.12/share. Pro forma earnings were $0.16/share. Revenue $46.7m. Analysts polled by Thomson First Call had forecast $0.15 cents a share on revenue of $46m. Separately, Sina said Chief Executive Yan Wang has resigned. The company named Charles Chao to succeed him.
  • Sony (SNE) to offer software that will make its digital music players and PCs compatible with AAPLs proprietary AAC audio format.
  • Steris (STE) reported 4Q EPS $0.34/ FC $0.40 on revenues of $331.3m/ FC $328.2m; sees FY EPS $1.10-$1.20/ FC $1.30 on revenues of $1.21bln-$1.23bln/ FC $1.22bln
  • Symantec (SYMC) said quarterly profit eased slightly on high expenses, while revenue soared following its acquisition of Veritas Software and on strong performance across its businesses.
  • Transmeta (TMTA) 1Q loss was a penny a share. Transmeta said quarterly revenue was $19.5 million. In addition, Transmeta said Mark Kent, chief financial officer, is resigning.
  • US Concrete (RMIX) reported 1Q EPS ($0.08)/ FC ($0.06) on revenues of $139.6m/ FC $135.6m; sees 2Q EPS $0.18-$0.23/ FC $0.24 on revenues of $195m-$200m/ FC $205.8m, FY revenues of $725m-$750m/ FC $700.7m, EBITDAY $70m-$75m.


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