Onyx Software reports wider loss (ONXS) by Mike Tarsala
Onyx Software (ONXS), maker of customer service software, reported a wider
third-quarter net loss, including charges. The company reported a pro forma net loss
of $6.7 million, or 16 cents a share, compared with a pro forma profit of $894,000, or
2 cents in the same period a year ago. The pro forma result excludes the
amortization of intangibles, stock-based compensation expense, restructuring-related
costs and impairment of certain assets. The company's net loss widened to $55.9
million, or $1.37 a share, compared with $691,000 2 cents a share in the year-ago
period. Onyx Software shares lost 13 cents to close at $3.65 in regular Nasdaq
trading.
4:45PM
BEA Systems cuts staff, warns (BEAS) by August Cole
BEA Systems said Thursday that it would reduce profit and revenue expectations for
the third and fourth quarters while cutting staff by up to 10 percent by the end of the
year. BEA Systems (BEAS) said it expects third-quarter pro forma earnings will now
total 5 cents to 6 cents a share while revenue should range between $217 million to
$221 million. For the fourth quarter, the company forecasts per-share profit of 6 cents
to 7 cents a share. According to Thomson Financial, analysts had forecast third and
fourth quarter per-share profit of 8 cents and 9 cents, respectively. The company will
take a charge of $110 million in the third quarter and $15 million to $20 million for the
fourth in part to cover severance charges.
4:27PM
Priceline.com beats lowered expectations (PCLN, EXPE, TVLY) by Bambi Francisco
Priceline.com [pcln] said it lost $3.6 million, or 2 cents a share, in its third quarter.
The online travel site posted a $199 million loss in the same period a year ago.
Excluding certain charges, Priceline.com earned $6.3 million, or 3 cents per share. In
the same period a year ago, it lost 1 cent per share. Analysts surveyed by Thomson
Financial/First Call expected the company to earn 1 cent. Prior to Sept. 11, however,
analysts expected Priceline.com to earn 5 cents. Quarterly sales fell to $302 million
from $341 million generated in the same period a year ago, but exceeded the
consensus estimate of $290 million. On October 3, Priceline.com said sales would
come in at the high end of a range of between $280 million and $300 million. Shares
of Priceline.com fell 9 percent to $4.40 in regular trading.
Gruß dr. Broemme
Onyx Software (ONXS), maker of customer service software, reported a wider
third-quarter net loss, including charges. The company reported a pro forma net loss
of $6.7 million, or 16 cents a share, compared with a pro forma profit of $894,000, or
2 cents in the same period a year ago. The pro forma result excludes the
amortization of intangibles, stock-based compensation expense, restructuring-related
costs and impairment of certain assets. The company's net loss widened to $55.9
million, or $1.37 a share, compared with $691,000 2 cents a share in the year-ago
period. Onyx Software shares lost 13 cents to close at $3.65 in regular Nasdaq
trading.
4:45PM
BEA Systems cuts staff, warns (BEAS) by August Cole
BEA Systems said Thursday that it would reduce profit and revenue expectations for
the third and fourth quarters while cutting staff by up to 10 percent by the end of the
year. BEA Systems (BEAS) said it expects third-quarter pro forma earnings will now
total 5 cents to 6 cents a share while revenue should range between $217 million to
$221 million. For the fourth quarter, the company forecasts per-share profit of 6 cents
to 7 cents a share. According to Thomson Financial, analysts had forecast third and
fourth quarter per-share profit of 8 cents and 9 cents, respectively. The company will
take a charge of $110 million in the third quarter and $15 million to $20 million for the
fourth in part to cover severance charges.
4:27PM
Priceline.com beats lowered expectations (PCLN, EXPE, TVLY) by Bambi Francisco
Priceline.com [pcln] said it lost $3.6 million, or 2 cents a share, in its third quarter.
The online travel site posted a $199 million loss in the same period a year ago.
Excluding certain charges, Priceline.com earned $6.3 million, or 3 cents per share. In
the same period a year ago, it lost 1 cent per share. Analysts surveyed by Thomson
Financial/First Call expected the company to earn 1 cent. Prior to Sept. 11, however,
analysts expected Priceline.com to earn 5 cents. Quarterly sales fell to $302 million
from $341 million generated in the same period a year ago, but exceeded the
consensus estimate of $290 million. On October 3, Priceline.com said sales would
come in at the high end of a range of between $280 million and $300 million. Shares
of Priceline.com fell 9 percent to $4.40 in regular trading.
Gruß dr. Broemme
