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, Mattel, Nike, Oracle, Royal Dutch Shell


Friday's top stories and stocks with potential to move...


Stocks to watch for Friday, September 21, 2007:

  • Apple (AAPL) head Steve Jobs received a subpoena from the SEC regarding questions in a stock-options backdating case.
  • BEA Systems (BEAS) said that Nasdaq has granted it a stay regarding the delinquent filing of financial reports for past periods. In a statement, the company said the exchange has granted it until Nov. 14 to file the necessary reports. The reports cover results that have been restated due to the company's internal probe regarding its accounting for stock-option expenses.
  • Nike's (NKE) first-quarter profit surged to $569.7 million, or $1.12 a share, from $377.2 million, or 74 cents a share, a year earlier. Sales at the world's largest athletic-shoe maker rose to $4.7 billion. The results include a tax-related benefit of 20 cents a share. Analysts forecast Nike to earn 87 cents a share on revenue of $4.58 billion, according to Thomson Financial.
  • Mattel (MAT) apologized to China regarding the recall of Chinese-made toys, saying most of the items were defective because of the company's design flaws, not faulty manufacturing. MAT also said it recalled more products than were justified.
  • Oracle (ORCL) said its fiscal first-quarter profit rose 25% to $840 million, or 16 cents a share, compared with $670 million, or 13 cents a share, in the quarter a year earlier. Revenue rose to $4.53 billion from $3.59 billion. Excluding certain items and expenses, Oracle said earnings were 22 cents a share. Analysts had expected Oracle to post earnings excluding items of 21 cents a share on $4.3 billion in revenue.
  • Pfizer Inc (PFE) said on Friday it is in talks with investors about spinning off its Japanese research and development laboratory, which will cut about 10,000 job worldwide.
  • Royal Dutch Shell (RDS-A) will go ahead with a 325,000 barrel-per-day capacity expansion of its Motiva refinery in Port Arthur, Texas, at a cost of $7 billion, the Anglo-Dutch oil group said on Friday. The 285,000 bpd refinery is owned by Motiva Enterprises LLC, Shell's joint venture with Saudi Refining Co.
  • Tektronix (TEK) said its fiscal first-quarter net income fell to $20.08 million, or 26 cents a share, from $20.12 million, or 24 cents a share, a year earlier. The number of average outstanding shares decreased to 77.1 million from 83.5 million. Pro forma earnings were 40 cents a share. Sales, meanwhile, rose 8.7% to $291.5 million from $268.1 million. Analysts expected earnings of 39 cents a share and revenue of $285 million.

Market Update

  • Asian trading closed with the Hang Seng +0.56%, Nikkei -0.62%, Sensex +1.32%, Taiwan +1.36% and Shanghai -0.28%.
  • A quick glance across the pond finds the CAC +0.38%, DAX +0.57%, FTSE +0.77%, ATX +0.52%, Swiss Mkt. -0.02% and Stockholm +0.32%.
  • Crude oil is trading lower -0.10 to 81.68 while gold is up +3.2 to 743.1 this morning.
< Previous
  • 1
Next >

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.

Featured Videos