6:38PM Swift Trans reports for Q4, light on revs (SWFT) 19.92 +0.88: Reports Q4 (Dec) earnings of $0.31 per share, which includes a $1.4 mln noncash pre-tax benefit for the decrease in market value of interest rate derivative agreements, $0.01 better than the Reuters Research consensus of $0.30, in line with First Call estimate of $0.31; revenues rose 13.8% year/year to $637.6 mln vs the $644.6 mln consensus.
6:28PM Kroger Co recalls Private Selection Roast Beef (KR) 18.64 -0.09: Co announced a voluntary recall of Private Selection Roast Beef from some Kroger-owned supermarkets. The recall was initiated after a sample taken from a Kroger deli service counter in Atlanta by the Georgia Dept of Agriculture tested positive for Listeria monocytogenes. The product is being removed from store shelves immediately. Co has not received any customer complaints of illness related to the roast beef.
6:06PM General Dynamics subsidiary receives $578 mln Naval contract (GD) 93.20 -1.22: National Steel and Shipbuilding Co (NASSCO), a wholly owned subsidiary of GD, announced today that the U.S. Navy has exercised options to build two additional ships under the T-AKE program, a new class of combat logistics force ships. The $578.2 mln contract brings the total number of ships awarded to NASSCO to six, and the total contract value to $1.87 bln. The contract includes options for an additional six ships.
6:04PM Owens-Illinois misses by $0.13, ex items, beats on revs (OI) 11.90 -0.06: Reports Q4 (Dec) earnings of $0.04 per share, excluding numerous items that amounted to a charge of $7.37, $0.13 worse than the Reuters Research consensus of $0.17; revenues rose 10.6% year/year to $1.50 bln vs the $1.42 bln consensus.
5:54PM U.S. Steel files $600 mln mixed security shelf (X) 35.09 -0.21:
5:43PM Dentsply reports for Q4 (XRAY) 43.67 -0.70: Reports Q4 (Dec) earnings of $0.60 per share, excludes $0.02 gain from discontinued operations but includes a $3.7 mln restructuring charge and a $5.8 mln pre-tax gain, and may not be comparable to the Reuters Research consensus of $0.59 (we are currently checking with Reuters); revenues rose 11.9% year/year to $429.7 mln vs the $441.5 mln consensus.
5:35PM Mentor Graphics guides for Q1 and Y04 (MENT) 17.40 -0.59: -- Update -- Co sees Q1 revenues of $165 mln and Y04 revenues of $722 mln, Reuters consensus is $164 mln and $705 mln, respectively. Co sees Q1 EPS of $0.05 and Y04 of $0.80, ex items, Reuters consensus is $0.12 and $0.83, respectively.
5:12PM MTS Systems announces 2.5 mln share buyback (MTSC) 24.50 +0.24: Co announces that its Board of Directors has authorized it to repurchase 2.5 mln shares of its common stock, in addition to approx 610,000 shares remaining under an existing authorization. The new authorization is equal to about 12% of MTSC's shares outstanding.
5:11PM PDF Solutions issues Q1, Q2 guidance (PDFS) 14.61 -0.94: Co expects Q1 pro forma EPS of ($0.01)-$0.01 on $12.5-$13.0 mln in sales, vs consensus of $0.02 and $14.0 mln. Co also expects Q2 EPS of $0.03-$0.05 on $14.4-$15.2 mln, vs consensus of $0.04 and $15.5 mln.
5:10PM DST Systems beats (DST) 42.83 +0.56: Reports Q4 (Dec) earnings of $0.59 per share, excluding multiple ex items, $0.13 better than the Reuters Research consensus of $0.46; revenues rose 6.0% year/year to $448.4 mln vs the $419.4 mln consensus.
5:08PM BRCM trades up 2.90 pts in after hours, a 4.50 pt reversal off after hours lows :
5:07PM Adv Fibre Comm beats by $0.01 (AFCI) 24.70 +0.30: -- Revision -- Earlier we had reported that AFCI had reported earnings of $0.06 per share. This was their GAAP EPS number and included one time special items that amounted to a $0.04 charge. After backing out these charge the company reported earnings of $0.10 per share, $0.01 better than Reuters consensus of $0.09.
5:05PM Urologix, ProstaLund, and ACMI settle patent infringement lawsuit (ULGX) 8.59 +0.27: -- Update --
5:04PM Abbott Labs wins 5-year blood screening contract (ABT) 43.49 -0.49: Co announces that it has been awarded a 5-year contract to supply instruments and 5 infectious disease tests used for screening donated blood to the 76 members of America's Blood Centers. The tests consist of markers for hepatitis, HIV and other retroviruses. Terms of the deal were not disclosed.
5:03PM Broadcom guides Q1 revenues well above consensus (BRCM) 40.60 -0.75: -- Update -- On call, BRCM says it has not experienced any seasonal softness in the Q1 (Mar) period, and now expects a 10% sequential increase in revenues... This puts revs at ~$527.01 mln versus the Reuters Research consensus estimate of $467.5 mln... Management also says that bookings have been strong, and gross margins should be around Q4's (Dec) level.
5:02PM BRCM recovers after hours losses; trades up $0.60 in reaction to guidance :
4:57PM Network Associates beats, guides below consensus to reflect sale (NET) 16.11 -0.14: Reports Q4 (Dec) earnings of $0.26 per share, $0.05 better than the Reuters Research consensus of $0.21; revenues fell 0.2% year/year to $268.9 mln vs the $257.1 mln consensus. Company sees Q1 EPS of $0.10 vs consensus of $0.12 on rrevenues of $208-212 mln, consensus $223.6 mln. For Y04, company sees EPS of $0.67-0.72 mln vs consensus of $0.68 on revenues of $915-945 mln, consensus $985 mln. Revised guidance reflects sale of Magic business.
4:50PM NPTest Holding misses by $0.04 (NPTT) 12.23 -0.67: Reports Q4 (Dec) loss of $(0.12) per share, ex-items, $0.04 worse than the Reuters Research consensus of $(0.08); revenues rose 11.0% year/year to $55.0 mln vs the $54.6 mln consensus.
4:50PM Mentor Graphics misses by a penny (MENT) 17.40 -0.59: Reports Q4 (Dec) earnings of $0.30 per share, $0.01 worse than the Reuters Research consensus of $0.31; revenues rose 12.1% year/year to $201.9 mln vs the $188.8 mln consensus.
4:47PM InfoSpace beats by $0.10, ex items; guides above Q1 and Y04 consensus (INSP) 24.81 -0.20: Reports Q4 (Dec) earnings of $0.21 per share, excludes a $3.8 mln gain on sale and a $1.2 mln restructuring charge, $0.10 better than the Reuters Research consensus of $0.11; revenues rose 29.6% year/year to $46.9 mln vs the $39.4 mln consensus. Co sees Q1 revenues of $44-47 mln and Y04 revenues between $195-205 mln, Reuters consensus is $37 mln and $157 mln, respectively.
4:47PM Galyan's Trading lowers guidance (GLYN) 11.10 -0.30: Co guides Q4 outlook to $0.60-$0.62 on sales of approx $249 mln (Reuters Research consensus $1.04 and $253.33 mln). The expectations are based on less than expected sales and continued markdowns in a highly promotional retail environment.
4:46PM RedEnvelope Inc beats by $0.02, guides Q4 revs below consensus (REDE) 11.05 -0.06: Co reports Q3 net $0.13 a share, 2 cents better than the Reuters Research consensus. Revs rose 4.8% to $35.922 mln (consensus $35.31 mln). For Q4, co sees revs of $16-$17 mln (consensus $17.78 mln) and a loss of $2.6-$3.1 mln.
4:40PM INSP revs $46.9 mln vs $39.37 mln consensus; EPS number includes item :
4:40PM Nuance beats by 4 cents (NUAN) 8.50 -0.28: Co reports Q4 EPS of ($0.01), $0.04 better than consensus of ($0.05); revs were $16.7 mln, vs consensus of $14.4 mln. "Although we anticipate substantial revenue growth in Q1 of 2004 over the prior year's Q1, we are forecasting lower license revenues in Q1 of 2004, as compared to Q4 of 2003. We expect revenue growth for the entire year of 2004 and anticipate reaching profitability during the second half of the year."
4:38PM SafeNet beats by $0.10, pro forma (SFNT) 37.80 +1.43: Reports Q4 (Dec) earnings of $0.30 per share, pro forma, $0.10 better than the Reuters Research consensus of $0.20; revenues rose 91.0% year/year to $18.8 mln vs the $18.6 mln consensus.
4:37PM Atari delays DRIV3R release, lowers guidance (ATAR) 4.27 -0.21: -- Update -- Co announces it has elected to move the ship date of DRIV3R from the end of March to June 1, 2004. Also, based on a preliminary review of results from holiday sales, the co lowers Q3 guidance to EPS of $0.17-$0.19 on $190 mln in sales, down from prior guidance of $0.23-$0.30 and $215-$235 mln. Co also lowers its FY04 guidance to breakeven pro forma EPS and $460-$470 mln in sales, vs prior guidance of $0.36-$0.46 and $560-$590 mln.
4:36PM CoSine Comms delays release of Q4 results pending completion of 2003 audit (COSN) 10.33 +0.05:
4:35PM NetIQ beat by $0.02, ex items; guides in line for Q3 (NTIQ) 13.21 -0.29: Reports Q2 (Dec) earnings of $0.01 per share, ex items, $0.02 better than the Reuters Research consensus of ($0.01); revenues fell 20.4% year/year to $64.0 mln vs the $60.1 mln consensus. Co expects Q3 (Mar) revenues of $61-65 mln and EPS of a loss of $0.03 to breakeven, ex items, Reuters consensus is $62 mln and breakeven, respectively.
4:35PM Entrust beats by $0.02, guides Q1 in line with consensus (ENTU) 5.03 +0.14: Reports Q4 (Dec) GAAP net of breakeven, $0.02 better than the Reuters Research consensus of ($0.02); revenues fell 4% year/year to $23.7 mln vs the $22.1 mln consensus. Co also guides Q1, sees results of breakeven to a GAAP loss of $0.03, vs the R.R. consensus of ($0.01), and revenues of $22.0-24.0 mln, vs an estimate of $22.0 mln.
4:28PM Proxim beats by a penny, ex items (PROX) 2.55 -0.06: Reports Q4 (Dec) pro forma net loss of $0.02 per share, excluding charges, $0.01 better than the Reuters Research consensus of ($0.03); revenues fell 22.6% year/year to $38.6 mln vs the $37.0 mln consensus.
4:26PM VISX beats by $0.03; Reiterates Y04 guidance (EYE) 26.10 -0.25: Reports Q4 (Dec) earnings of $0.17 per share, $0.03 better than the Reuters Research consensus of $0.14; revenues rose 5.7% year/year to $38.2 mln vs the $38.4 mln consensus. Company sees Y04 EPS of $0.70-0.74 vs the Reuters Research consensus of $0.74 on revs of $167-171 mln vs consensus of $167.1 mln.
4:25PM Robt Half reports in line, ex items (RHI) 25.81 +0.16: Reports Q4 (Dec) earnings of $0.03 per share, excluding a $0.01 loss per share impact from co's Protiviti subsidiary, in line with the Reuters Research consensus of $0.03; revenues rose 8.2% year/year to $517.7 mln vs the $502.3 mln consensus.
4:25PM Kyphon reports in-line EPS, announces in-line 2004 EPS guidance (KYPH) 29.95 -0.33: Reports Q4 (Dec) earnings of $0.08 per share, in line with the Reuters Research consensus of $0.08; revenues rose 74.9% year/year to $39.7 mln vs the $37.6 mln consensus. Co expects 2004 GAAP EPS of $0.36-$0.41 on $186-$190 mln in sales, vs consensus of $0.38 and $171.3 mln. Co also announces that CFO Jeffrey Kaiser expects to transition into a part-time role as EVP and Treasurer due to health reasons.
4:25PM Anaren Microwave beats by $0.01 (ANEN) 20.78 +0.58: Reports Q2 (Dec) earnings of $0.07 per share, $0.01 better than the Reuters Research consensus of $0.06; revenues fell 0.7% year/year to $19.6 mln vs the $18.9 mln consensus. Note, this is for continuing operations.
4:23PM Kraft Foods reports in line, ex items, beat on revs; guide for Q1 and Y04; announce 6,000 jobs to be cut (KFT) 32.13 -0.35: Reports Q4 (Dec) earnings of $0.50 per share, in line with the Reuters Research consensus of $0.50; revenues rose 6.2% year/year to $8.33 bln vs the $8.14 bln consensus. Co sees Q1 EPS of $0.42-0.45, excluding a $0.10 charge, Reuters consensus is $0.47 and Y04 EPS of $1.93-2.00, excluding a $0.30 restructuring charge, Reuters consensus is $2.00. Co also announces that they will cut approx 6,000 jobs globally.
4:23PM AdvancePCS beats, ex items, guides higher, inks deal with DNA (ADVP) 56.40 -0.80: Reports Q3 (Dec) earnings of $0.58 per share, $0.03 better than the Reuters Research consensus of $0.55; revenues rose 3.9% year/year to $3.91 bln vs the $3.95 bln consensus. Company sees Y04 EPS of $2.20-2.22 vs consensus of $2.17, also announces its specialty pharmacy AdvancePCS Specialty RX has inked deal with Genentech (DNA) to provide RAPTIVA to patients who have their pharmacy benefits managed by ADVP.
4:19PM Mentor Corp misses by a penny (MNT) 24.90 -0.10: Reports Q3 (Dec) earnings of $0.26 per share, $0.01 worse than the Reuters Research consensus of $0.27; revenues rose 13.3% year/year to $106.5 mln vs the $97.4 mln consensus.
4:18PM Multimedia Games reports in line; reaffirms Y04 EPS (MGAM) 46.16 -1.76: Reports Q1 (Dec) earnings of $0.48 per share, in line with the Reuters Research consensus of $0.48; revenues rose 26.3% year/year to $105.8 mln vs the $106.3 mln consensus. Company reaffirms Y04 EPS of $2.64 vs the Reuters Research consensus of $2.67.
4:17PM Terayon Comm reports in line, guides Q1 below consensus (TERN) 5.60 -0.18: Reports Q4 (Dec) net loss of $0.08 per share, in line with the Reuters Research consensus of ($0.08); revenues rose 70.0% year/year to $43.0 mln vs the $41.7 mln consensus. Co also guides Q104, sees loss of $0.07-0.09 (ex items), vs the R.R. consensus of ($0.06), and revenues of $39-42 mln, vs an estimate of $44.8 mln.
4:17PM Millennium Pharm beats by $0.02, ex items (MLNM) 17.40 -0.55: Reports Q4 (Dec) loss of $0.30 per share, ex items, $0.02 better than the Reuters Research consensus of ($0.32); revenues fell 11.8% year/year to $85.4 mln vs the $84.0 mln consensus (First Call consensus is $91.6 mln.
4:17PM CSG Systems beats by $0.03; affirms Q1 and 2004 (CSGS) 13.70 -0.65: Reports Q4 (Dec) earnings of $0.18 per share, excluding a $0.04 charge for restructuring, $0.03 better than the Reuters Research consensus of $0.15; revenues fell 16.3% year/year to $129.9 mln vs the $128.8 mln consensus. Co sees Q1 and 2004 revenue of $125-$132 mln and $520-$535 mln, respectively, vs consensus of $128.2 mln and $524.9 mln. Full year EPS expected to be $0.77-$0.87, excluding restructuring charges, vs consensus of $0.78.
4:15PM Elec For Imaging beats by 2 cents, guides Q1 above consensus (EFII) 28.38 +0.17: Reports Q4 (Dec) earnings of $0.27 per share, $0.02 better than the Reuters Research consensus of $0.25; revenues rose 19.0% year/year to $107.9 mln vs the $106.1 mln consensus. Co expects Q1 pro forma EPS of $0.20-$0.21 on $102-$104 mln in sales, vs consensus of $0.19 and $100.6 mln. (Note that the co gave a second pro forma Q1 EPS forecast of $0.19-$0.20, which includes various items.)
4:15PM Electronic Arts beats by $0.06, guides Q4 below consensus (ERTS) 48.53 -0.89: Reports Q3 (Dec) earnings of $1.26 per share, $0.06 better than the Reuters Research consensus of $1.20; revenues rose 19.6% year/year to $1.48 bln vs the $1.48 bln consensus. Company sees Q4 EPS of $0.17-0.20 vs consensus of $0.25 on revenues of $550-570 mln, consensus $570 mln; sees Y04 EPS of $1.74-1.77 vs consensus of $1.77.
4:15PM AFCI prelim $0.10, penny ahead; revs $84.8 mln vs $85.13 mln consensus :
4:13PM MGAM prelim $0.48, in line; sees Q2 of $0.51, consensus $0.58 :
4:12PM Pixelworks beats by $0.02, ex items; guides in line for Q1 (PXLW) 14.99 -0.39: Reports Q4 (Dec) earnings of $0.11 per share, $0.02 better than the Reuters Research consensus of $0.09; revenues rose 40.2% year/year to $40.8 mln vs the $38.8 mln consensus. Co sees Q1 EPS of $0.08-0.09 and revenue in the range of $41-43 mln, Reuters consensus is $0.08 and $42 mln, respectively
4:12PM Flextronics beats by $0.03, ex items, raises Q4 guidance above consensus (FLEX) 17.81 +0.04: Reports Q3 (Dec) pro forma earnings of $0.17 per share, excluding intangibles amortization, restructuring and other charges, $0.03 better than the Reuters Research consensus of $0.14; revenues rose 7.8% year/year to $4.15 bln vs the $3.84 bln consensus. Co also raises Q4 guidance, now sees pro forma EPS of $0.09-0.11, vs the R.R. consensus of $0.08, and revenues of $3.4-3.6 bln, vs an estimate of $3.2 bln.
4:12PM Avaya beats by $0.03, ex items (AV) 15.41 +0.39: Reports Q1 (Dec) earnings of $0.07 per share, excluding $0.05 loss from discontinued operations, $0.03 better than the Reuters Research consensus of $0.04; revenues rose 2.6% year/year to $971.0 mln vs the $964.2 mln consensus.
4:11PM Cymer beats, guides in line (CYMI) 42.77 -3.48: Reports Q4 (Dec) earnings of $0.04 per share, $0.04 better than the Reuters Research consensus of $0.00; revenues rose 4.3% year/year to $73.0 mln vs the $70.9 mln consensus. Company sees Q1 total product revenues increasing 5-10% sequentially, equates to $76.65-80.3 mln, consensus $77 mln
4:11PM EFII prelim $0.27, 2 cents ahead :
4:10PM FLEX prelim $0.17, 3 cents ahead :
4:08PM Broadcom files $750 mln shelf registration (BRCM) 40.60 -0.75: -- Update --
4:08PM Broadcom beats by $0.03, ex items (BRCM) 40.60 -0.75: Reports Q4 (Dec) pro forma earnings of $0.19 per share, excluding charges, gains and effects included in GAAP reporting, $0.03 better than the Reuters Research consensus of $0.16; revenues rose 61.9% year/year to $479.1 mln vs the $463.0 mln consensus.
4:08PM Amazon.com reports in-line EPS, issues guidance (AMZN) 55.74 -1.29: Reports Q4 (Dec) earnings of $0.29 per share, in line with the Reuters Research consensus of $0.29; revenues rose 36.2% year/year to $1.95 bln vs the $1.86 bln consensus. Co expects Q1 revs of $1.39-$1.49 bln (consensus $1.32 bln), and expects 2004 revs of $6.2-$6.7 bln (consensus $6.22 bln). Co also announced that it has authorized a debt repurchase program worth $650 mln.
4:08PM CYMI prelim $0.04, 4 cents ahead; revs $73 mln vs $70.9 mln consensus :
4:07PM BRCM prelim $0.19, 3 cents ahead :
4:06PM Emulex beats, guides higher (ELX) 29.18 +0.42: Reports Q2 (Dec) non-GAAP earnings of $0.24 per share, $0.01 better than the Reuters Research consensus of $0.23; revenues rose 23.4% year/year to $94.4 mln vs the $91.7 mln consensus. Company sees EPS of $0.25 vs consensus of $0.24 on revs of $100-102 mln, consensus $97.15 mln
4:06PM ERTS prelim $1.26, 6 cents ahead; revs $1.475 bln vs $1.476 bln consensus :
4:06PM PXLW prelim $0.11, ex items, Reuters consensus is $0.08 :
4:06PM Harris Corp reports in line, guides Y04 in line (HRS) 48.45 -0.69: Reports Q2 (Dec) earnings of $0.50 per share, in line with the Reuters Research consensus of $0.50; revenues rose 16.2% year/year to $608.6 mln vs the $605.6 mln consensus. Co also guides Y04, sees EPS of $1.85-1.95 vs the R.R. consensus of $1.91.
4:06PM Pericom Semi beats by $0.02, pro forma; guides Q3 revs above consensus (PSEM) 12.50 +0.45: Reports Q2 (Dec) loss of $0.02 per share, pro forma, $0.02 better than the Reuters Research consensus of ($0.04); revenues rose 51.4% year/year to $16.9 mln vs the $16.3 mln consensus. Company sees Q3 revs of $18.0-18.5 mln vs the R.R. consensus of $17.75 mln.
4:06PM Sirenza Micro beats by $0.01 (SMDI) 6.88 -0.29: Reports Q4 (Dec) net of breakeven, ex-items, $0.01 better than the Reuters Research consensus of ($0.01); revenues rose 130.4% year/year to $13.3 mln vs the $11.2 mln consensus.
4:04PM ELX prelim $0.24, penny ahead; revs $94.4 mln vs $91.68 mln consensus :
4:04PM MEMC Elec beats by $0.02 (WFR) 11.04 +0.19: Reports Q4 (Dec) earnings of $0.15 per share, $0.02 better than the Reuters Research consensus of $0.13; revenues rose 4.8% year/year to $205.3 mln vs the $204.8 mln consensus.
4:03PM AMZN jumps 1.70 pts in after hours :
4:03PM Coherent beats by $0.13 (COHR) 25.61 +0.90: Reports Q1 (Dec) loss of $0.01 per share, $0.13 better than the Reuters Research consensus of ($0.14); revenues rose 5.8% year/year to $108 mln vs the $104.7 mln consensus.
4:02PM Zygo Corp beats by $0.05, ex items (ZIGO) 18.98 0.00: Reports Q2 (Dec) earnings of $0.05 per share, ex items, $0.05 better than the Reuters Research consensus of $0.00; revenues rose 5.3% year/year to $27.7 mln vs the $25.3 mln consensus.
4:02PM AMZN prelim revs $1.95 bln vs $1.86 bln consensus :
6:28PM Kroger Co recalls Private Selection Roast Beef (KR) 18.64 -0.09: Co announced a voluntary recall of Private Selection Roast Beef from some Kroger-owned supermarkets. The recall was initiated after a sample taken from a Kroger deli service counter in Atlanta by the Georgia Dept of Agriculture tested positive for Listeria monocytogenes. The product is being removed from store shelves immediately. Co has not received any customer complaints of illness related to the roast beef.
6:06PM General Dynamics subsidiary receives $578 mln Naval contract (GD) 93.20 -1.22: National Steel and Shipbuilding Co (NASSCO), a wholly owned subsidiary of GD, announced today that the U.S. Navy has exercised options to build two additional ships under the T-AKE program, a new class of combat logistics force ships. The $578.2 mln contract brings the total number of ships awarded to NASSCO to six, and the total contract value to $1.87 bln. The contract includes options for an additional six ships.
6:04PM Owens-Illinois misses by $0.13, ex items, beats on revs (OI) 11.90 -0.06: Reports Q4 (Dec) earnings of $0.04 per share, excluding numerous items that amounted to a charge of $7.37, $0.13 worse than the Reuters Research consensus of $0.17; revenues rose 10.6% year/year to $1.50 bln vs the $1.42 bln consensus.
5:54PM U.S. Steel files $600 mln mixed security shelf (X) 35.09 -0.21:
5:43PM Dentsply reports for Q4 (XRAY) 43.67 -0.70: Reports Q4 (Dec) earnings of $0.60 per share, excludes $0.02 gain from discontinued operations but includes a $3.7 mln restructuring charge and a $5.8 mln pre-tax gain, and may not be comparable to the Reuters Research consensus of $0.59 (we are currently checking with Reuters); revenues rose 11.9% year/year to $429.7 mln vs the $441.5 mln consensus.
5:35PM Mentor Graphics guides for Q1 and Y04 (MENT) 17.40 -0.59: -- Update -- Co sees Q1 revenues of $165 mln and Y04 revenues of $722 mln, Reuters consensus is $164 mln and $705 mln, respectively. Co sees Q1 EPS of $0.05 and Y04 of $0.80, ex items, Reuters consensus is $0.12 and $0.83, respectively.
5:12PM MTS Systems announces 2.5 mln share buyback (MTSC) 24.50 +0.24: Co announces that its Board of Directors has authorized it to repurchase 2.5 mln shares of its common stock, in addition to approx 610,000 shares remaining under an existing authorization. The new authorization is equal to about 12% of MTSC's shares outstanding.
5:11PM PDF Solutions issues Q1, Q2 guidance (PDFS) 14.61 -0.94: Co expects Q1 pro forma EPS of ($0.01)-$0.01 on $12.5-$13.0 mln in sales, vs consensus of $0.02 and $14.0 mln. Co also expects Q2 EPS of $0.03-$0.05 on $14.4-$15.2 mln, vs consensus of $0.04 and $15.5 mln.
5:10PM DST Systems beats (DST) 42.83 +0.56: Reports Q4 (Dec) earnings of $0.59 per share, excluding multiple ex items, $0.13 better than the Reuters Research consensus of $0.46; revenues rose 6.0% year/year to $448.4 mln vs the $419.4 mln consensus.
5:08PM BRCM trades up 2.90 pts in after hours, a 4.50 pt reversal off after hours lows :
5:07PM Adv Fibre Comm beats by $0.01 (AFCI) 24.70 +0.30: -- Revision -- Earlier we had reported that AFCI had reported earnings of $0.06 per share. This was their GAAP EPS number and included one time special items that amounted to a $0.04 charge. After backing out these charge the company reported earnings of $0.10 per share, $0.01 better than Reuters consensus of $0.09.
5:05PM Urologix, ProstaLund, and ACMI settle patent infringement lawsuit (ULGX) 8.59 +0.27: -- Update --
5:04PM Abbott Labs wins 5-year blood screening contract (ABT) 43.49 -0.49: Co announces that it has been awarded a 5-year contract to supply instruments and 5 infectious disease tests used for screening donated blood to the 76 members of America's Blood Centers. The tests consist of markers for hepatitis, HIV and other retroviruses. Terms of the deal were not disclosed.
5:03PM Broadcom guides Q1 revenues well above consensus (BRCM) 40.60 -0.75: -- Update -- On call, BRCM says it has not experienced any seasonal softness in the Q1 (Mar) period, and now expects a 10% sequential increase in revenues... This puts revs at ~$527.01 mln versus the Reuters Research consensus estimate of $467.5 mln... Management also says that bookings have been strong, and gross margins should be around Q4's (Dec) level.
5:02PM BRCM recovers after hours losses; trades up $0.60 in reaction to guidance :
4:57PM Network Associates beats, guides below consensus to reflect sale (NET) 16.11 -0.14: Reports Q4 (Dec) earnings of $0.26 per share, $0.05 better than the Reuters Research consensus of $0.21; revenues fell 0.2% year/year to $268.9 mln vs the $257.1 mln consensus. Company sees Q1 EPS of $0.10 vs consensus of $0.12 on rrevenues of $208-212 mln, consensus $223.6 mln. For Y04, company sees EPS of $0.67-0.72 mln vs consensus of $0.68 on revenues of $915-945 mln, consensus $985 mln. Revised guidance reflects sale of Magic business.
4:50PM NPTest Holding misses by $0.04 (NPTT) 12.23 -0.67: Reports Q4 (Dec) loss of $(0.12) per share, ex-items, $0.04 worse than the Reuters Research consensus of $(0.08); revenues rose 11.0% year/year to $55.0 mln vs the $54.6 mln consensus.
4:50PM Mentor Graphics misses by a penny (MENT) 17.40 -0.59: Reports Q4 (Dec) earnings of $0.30 per share, $0.01 worse than the Reuters Research consensus of $0.31; revenues rose 12.1% year/year to $201.9 mln vs the $188.8 mln consensus.
4:47PM InfoSpace beats by $0.10, ex items; guides above Q1 and Y04 consensus (INSP) 24.81 -0.20: Reports Q4 (Dec) earnings of $0.21 per share, excludes a $3.8 mln gain on sale and a $1.2 mln restructuring charge, $0.10 better than the Reuters Research consensus of $0.11; revenues rose 29.6% year/year to $46.9 mln vs the $39.4 mln consensus. Co sees Q1 revenues of $44-47 mln and Y04 revenues between $195-205 mln, Reuters consensus is $37 mln and $157 mln, respectively.
4:47PM Galyan's Trading lowers guidance (GLYN) 11.10 -0.30: Co guides Q4 outlook to $0.60-$0.62 on sales of approx $249 mln (Reuters Research consensus $1.04 and $253.33 mln). The expectations are based on less than expected sales and continued markdowns in a highly promotional retail environment.
4:46PM RedEnvelope Inc beats by $0.02, guides Q4 revs below consensus (REDE) 11.05 -0.06: Co reports Q3 net $0.13 a share, 2 cents better than the Reuters Research consensus. Revs rose 4.8% to $35.922 mln (consensus $35.31 mln). For Q4, co sees revs of $16-$17 mln (consensus $17.78 mln) and a loss of $2.6-$3.1 mln.
4:40PM INSP revs $46.9 mln vs $39.37 mln consensus; EPS number includes item :
4:40PM Nuance beats by 4 cents (NUAN) 8.50 -0.28: Co reports Q4 EPS of ($0.01), $0.04 better than consensus of ($0.05); revs were $16.7 mln, vs consensus of $14.4 mln. "Although we anticipate substantial revenue growth in Q1 of 2004 over the prior year's Q1, we are forecasting lower license revenues in Q1 of 2004, as compared to Q4 of 2003. We expect revenue growth for the entire year of 2004 and anticipate reaching profitability during the second half of the year."
4:38PM SafeNet beats by $0.10, pro forma (SFNT) 37.80 +1.43: Reports Q4 (Dec) earnings of $0.30 per share, pro forma, $0.10 better than the Reuters Research consensus of $0.20; revenues rose 91.0% year/year to $18.8 mln vs the $18.6 mln consensus.
4:37PM Atari delays DRIV3R release, lowers guidance (ATAR) 4.27 -0.21: -- Update -- Co announces it has elected to move the ship date of DRIV3R from the end of March to June 1, 2004. Also, based on a preliminary review of results from holiday sales, the co lowers Q3 guidance to EPS of $0.17-$0.19 on $190 mln in sales, down from prior guidance of $0.23-$0.30 and $215-$235 mln. Co also lowers its FY04 guidance to breakeven pro forma EPS and $460-$470 mln in sales, vs prior guidance of $0.36-$0.46 and $560-$590 mln.
4:36PM CoSine Comms delays release of Q4 results pending completion of 2003 audit (COSN) 10.33 +0.05:
4:35PM NetIQ beat by $0.02, ex items; guides in line for Q3 (NTIQ) 13.21 -0.29: Reports Q2 (Dec) earnings of $0.01 per share, ex items, $0.02 better than the Reuters Research consensus of ($0.01); revenues fell 20.4% year/year to $64.0 mln vs the $60.1 mln consensus. Co expects Q3 (Mar) revenues of $61-65 mln and EPS of a loss of $0.03 to breakeven, ex items, Reuters consensus is $62 mln and breakeven, respectively.
4:35PM Entrust beats by $0.02, guides Q1 in line with consensus (ENTU) 5.03 +0.14: Reports Q4 (Dec) GAAP net of breakeven, $0.02 better than the Reuters Research consensus of ($0.02); revenues fell 4% year/year to $23.7 mln vs the $22.1 mln consensus. Co also guides Q1, sees results of breakeven to a GAAP loss of $0.03, vs the R.R. consensus of ($0.01), and revenues of $22.0-24.0 mln, vs an estimate of $22.0 mln.
4:28PM Proxim beats by a penny, ex items (PROX) 2.55 -0.06: Reports Q4 (Dec) pro forma net loss of $0.02 per share, excluding charges, $0.01 better than the Reuters Research consensus of ($0.03); revenues fell 22.6% year/year to $38.6 mln vs the $37.0 mln consensus.
4:26PM VISX beats by $0.03; Reiterates Y04 guidance (EYE) 26.10 -0.25: Reports Q4 (Dec) earnings of $0.17 per share, $0.03 better than the Reuters Research consensus of $0.14; revenues rose 5.7% year/year to $38.2 mln vs the $38.4 mln consensus. Company sees Y04 EPS of $0.70-0.74 vs the Reuters Research consensus of $0.74 on revs of $167-171 mln vs consensus of $167.1 mln.
4:25PM Robt Half reports in line, ex items (RHI) 25.81 +0.16: Reports Q4 (Dec) earnings of $0.03 per share, excluding a $0.01 loss per share impact from co's Protiviti subsidiary, in line with the Reuters Research consensus of $0.03; revenues rose 8.2% year/year to $517.7 mln vs the $502.3 mln consensus.
4:25PM Kyphon reports in-line EPS, announces in-line 2004 EPS guidance (KYPH) 29.95 -0.33: Reports Q4 (Dec) earnings of $0.08 per share, in line with the Reuters Research consensus of $0.08; revenues rose 74.9% year/year to $39.7 mln vs the $37.6 mln consensus. Co expects 2004 GAAP EPS of $0.36-$0.41 on $186-$190 mln in sales, vs consensus of $0.38 and $171.3 mln. Co also announces that CFO Jeffrey Kaiser expects to transition into a part-time role as EVP and Treasurer due to health reasons.
4:25PM Anaren Microwave beats by $0.01 (ANEN) 20.78 +0.58: Reports Q2 (Dec) earnings of $0.07 per share, $0.01 better than the Reuters Research consensus of $0.06; revenues fell 0.7% year/year to $19.6 mln vs the $18.9 mln consensus. Note, this is for continuing operations.
4:23PM Kraft Foods reports in line, ex items, beat on revs; guide for Q1 and Y04; announce 6,000 jobs to be cut (KFT) 32.13 -0.35: Reports Q4 (Dec) earnings of $0.50 per share, in line with the Reuters Research consensus of $0.50; revenues rose 6.2% year/year to $8.33 bln vs the $8.14 bln consensus. Co sees Q1 EPS of $0.42-0.45, excluding a $0.10 charge, Reuters consensus is $0.47 and Y04 EPS of $1.93-2.00, excluding a $0.30 restructuring charge, Reuters consensus is $2.00. Co also announces that they will cut approx 6,000 jobs globally.
4:23PM AdvancePCS beats, ex items, guides higher, inks deal with DNA (ADVP) 56.40 -0.80: Reports Q3 (Dec) earnings of $0.58 per share, $0.03 better than the Reuters Research consensus of $0.55; revenues rose 3.9% year/year to $3.91 bln vs the $3.95 bln consensus. Company sees Y04 EPS of $2.20-2.22 vs consensus of $2.17, also announces its specialty pharmacy AdvancePCS Specialty RX has inked deal with Genentech (DNA) to provide RAPTIVA to patients who have their pharmacy benefits managed by ADVP.
4:19PM Mentor Corp misses by a penny (MNT) 24.90 -0.10: Reports Q3 (Dec) earnings of $0.26 per share, $0.01 worse than the Reuters Research consensus of $0.27; revenues rose 13.3% year/year to $106.5 mln vs the $97.4 mln consensus.
4:18PM Multimedia Games reports in line; reaffirms Y04 EPS (MGAM) 46.16 -1.76: Reports Q1 (Dec) earnings of $0.48 per share, in line with the Reuters Research consensus of $0.48; revenues rose 26.3% year/year to $105.8 mln vs the $106.3 mln consensus. Company reaffirms Y04 EPS of $2.64 vs the Reuters Research consensus of $2.67.
4:17PM Terayon Comm reports in line, guides Q1 below consensus (TERN) 5.60 -0.18: Reports Q4 (Dec) net loss of $0.08 per share, in line with the Reuters Research consensus of ($0.08); revenues rose 70.0% year/year to $43.0 mln vs the $41.7 mln consensus. Co also guides Q104, sees loss of $0.07-0.09 (ex items), vs the R.R. consensus of ($0.06), and revenues of $39-42 mln, vs an estimate of $44.8 mln.
4:17PM Millennium Pharm beats by $0.02, ex items (MLNM) 17.40 -0.55: Reports Q4 (Dec) loss of $0.30 per share, ex items, $0.02 better than the Reuters Research consensus of ($0.32); revenues fell 11.8% year/year to $85.4 mln vs the $84.0 mln consensus (First Call consensus is $91.6 mln.
4:17PM CSG Systems beats by $0.03; affirms Q1 and 2004 (CSGS) 13.70 -0.65: Reports Q4 (Dec) earnings of $0.18 per share, excluding a $0.04 charge for restructuring, $0.03 better than the Reuters Research consensus of $0.15; revenues fell 16.3% year/year to $129.9 mln vs the $128.8 mln consensus. Co sees Q1 and 2004 revenue of $125-$132 mln and $520-$535 mln, respectively, vs consensus of $128.2 mln and $524.9 mln. Full year EPS expected to be $0.77-$0.87, excluding restructuring charges, vs consensus of $0.78.
4:15PM Elec For Imaging beats by 2 cents, guides Q1 above consensus (EFII) 28.38 +0.17: Reports Q4 (Dec) earnings of $0.27 per share, $0.02 better than the Reuters Research consensus of $0.25; revenues rose 19.0% year/year to $107.9 mln vs the $106.1 mln consensus. Co expects Q1 pro forma EPS of $0.20-$0.21 on $102-$104 mln in sales, vs consensus of $0.19 and $100.6 mln. (Note that the co gave a second pro forma Q1 EPS forecast of $0.19-$0.20, which includes various items.)
4:15PM Electronic Arts beats by $0.06, guides Q4 below consensus (ERTS) 48.53 -0.89: Reports Q3 (Dec) earnings of $1.26 per share, $0.06 better than the Reuters Research consensus of $1.20; revenues rose 19.6% year/year to $1.48 bln vs the $1.48 bln consensus. Company sees Q4 EPS of $0.17-0.20 vs consensus of $0.25 on revenues of $550-570 mln, consensus $570 mln; sees Y04 EPS of $1.74-1.77 vs consensus of $1.77.
4:15PM AFCI prelim $0.10, penny ahead; revs $84.8 mln vs $85.13 mln consensus :
4:13PM MGAM prelim $0.48, in line; sees Q2 of $0.51, consensus $0.58 :
4:12PM Pixelworks beats by $0.02, ex items; guides in line for Q1 (PXLW) 14.99 -0.39: Reports Q4 (Dec) earnings of $0.11 per share, $0.02 better than the Reuters Research consensus of $0.09; revenues rose 40.2% year/year to $40.8 mln vs the $38.8 mln consensus. Co sees Q1 EPS of $0.08-0.09 and revenue in the range of $41-43 mln, Reuters consensus is $0.08 and $42 mln, respectively
4:12PM Flextronics beats by $0.03, ex items, raises Q4 guidance above consensus (FLEX) 17.81 +0.04: Reports Q3 (Dec) pro forma earnings of $0.17 per share, excluding intangibles amortization, restructuring and other charges, $0.03 better than the Reuters Research consensus of $0.14; revenues rose 7.8% year/year to $4.15 bln vs the $3.84 bln consensus. Co also raises Q4 guidance, now sees pro forma EPS of $0.09-0.11, vs the R.R. consensus of $0.08, and revenues of $3.4-3.6 bln, vs an estimate of $3.2 bln.
4:12PM Avaya beats by $0.03, ex items (AV) 15.41 +0.39: Reports Q1 (Dec) earnings of $0.07 per share, excluding $0.05 loss from discontinued operations, $0.03 better than the Reuters Research consensus of $0.04; revenues rose 2.6% year/year to $971.0 mln vs the $964.2 mln consensus.
4:11PM Cymer beats, guides in line (CYMI) 42.77 -3.48: Reports Q4 (Dec) earnings of $0.04 per share, $0.04 better than the Reuters Research consensus of $0.00; revenues rose 4.3% year/year to $73.0 mln vs the $70.9 mln consensus. Company sees Q1 total product revenues increasing 5-10% sequentially, equates to $76.65-80.3 mln, consensus $77 mln
4:11PM EFII prelim $0.27, 2 cents ahead :
4:10PM FLEX prelim $0.17, 3 cents ahead :
4:08PM Broadcom files $750 mln shelf registration (BRCM) 40.60 -0.75: -- Update --
4:08PM Broadcom beats by $0.03, ex items (BRCM) 40.60 -0.75: Reports Q4 (Dec) pro forma earnings of $0.19 per share, excluding charges, gains and effects included in GAAP reporting, $0.03 better than the Reuters Research consensus of $0.16; revenues rose 61.9% year/year to $479.1 mln vs the $463.0 mln consensus.
4:08PM Amazon.com reports in-line EPS, issues guidance (AMZN) 55.74 -1.29: Reports Q4 (Dec) earnings of $0.29 per share, in line with the Reuters Research consensus of $0.29; revenues rose 36.2% year/year to $1.95 bln vs the $1.86 bln consensus. Co expects Q1 revs of $1.39-$1.49 bln (consensus $1.32 bln), and expects 2004 revs of $6.2-$6.7 bln (consensus $6.22 bln). Co also announced that it has authorized a debt repurchase program worth $650 mln.
4:08PM CYMI prelim $0.04, 4 cents ahead; revs $73 mln vs $70.9 mln consensus :
4:07PM BRCM prelim $0.19, 3 cents ahead :
4:06PM Emulex beats, guides higher (ELX) 29.18 +0.42: Reports Q2 (Dec) non-GAAP earnings of $0.24 per share, $0.01 better than the Reuters Research consensus of $0.23; revenues rose 23.4% year/year to $94.4 mln vs the $91.7 mln consensus. Company sees EPS of $0.25 vs consensus of $0.24 on revs of $100-102 mln, consensus $97.15 mln
4:06PM ERTS prelim $1.26, 6 cents ahead; revs $1.475 bln vs $1.476 bln consensus :
4:06PM PXLW prelim $0.11, ex items, Reuters consensus is $0.08 :
4:06PM Harris Corp reports in line, guides Y04 in line (HRS) 48.45 -0.69: Reports Q2 (Dec) earnings of $0.50 per share, in line with the Reuters Research consensus of $0.50; revenues rose 16.2% year/year to $608.6 mln vs the $605.6 mln consensus. Co also guides Y04, sees EPS of $1.85-1.95 vs the R.R. consensus of $1.91.
4:06PM Pericom Semi beats by $0.02, pro forma; guides Q3 revs above consensus (PSEM) 12.50 +0.45: Reports Q2 (Dec) loss of $0.02 per share, pro forma, $0.02 better than the Reuters Research consensus of ($0.04); revenues rose 51.4% year/year to $16.9 mln vs the $16.3 mln consensus. Company sees Q3 revs of $18.0-18.5 mln vs the R.R. consensus of $17.75 mln.
4:06PM Sirenza Micro beats by $0.01 (SMDI) 6.88 -0.29: Reports Q4 (Dec) net of breakeven, ex-items, $0.01 better than the Reuters Research consensus of ($0.01); revenues rose 130.4% year/year to $13.3 mln vs the $11.2 mln consensus.
4:04PM ELX prelim $0.24, penny ahead; revs $94.4 mln vs $91.68 mln consensus :
4:04PM MEMC Elec beats by $0.02 (WFR) 11.04 +0.19: Reports Q4 (Dec) earnings of $0.15 per share, $0.02 better than the Reuters Research consensus of $0.13; revenues rose 4.8% year/year to $205.3 mln vs the $204.8 mln consensus.
4:03PM AMZN jumps 1.70 pts in after hours :
4:03PM Coherent beats by $0.13 (COHR) 25.61 +0.90: Reports Q1 (Dec) loss of $0.01 per share, $0.13 better than the Reuters Research consensus of ($0.14); revenues rose 5.8% year/year to $108 mln vs the $104.7 mln consensus.
4:02PM Zygo Corp beats by $0.05, ex items (ZIGO) 18.98 0.00: Reports Q2 (Dec) earnings of $0.05 per share, ex items, $0.05 better than the Reuters Research consensus of $0.00; revenues rose 5.3% year/year to $27.7 mln vs the $25.3 mln consensus.
4:02PM AMZN prelim revs $1.95 bln vs $1.86 bln consensus :
