@blauer
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alle 4Stocks to watch Wednesday
January 22, 2002: 6:11 p.m. ET
Motorola posts narrower loss, Earthlink
misses estimates.
NEW YORK (CNN/Money) - Corporate
earnings continued to dominate
after-the-bell Tuesday with the spotlight
on Motorola, which posted a narrower
fourth-quarter loss.
Others reporting after the bell included
software firm Computer Associates,
which logged a higher third-quarter profit
and Internet service provider Earthlink,
which missed fourth quarter estimates,
though its loss narrowed.
Motorola (MOT: Research, Estimates)
said its fourth-quarter loss narrowed to
a penny less than analysts expected
Tuesday.
Applied Micro Circuits (AMCC: Research, Estimates) and
Vitesse Semiconductor (VTSS: Researc h, Estimates) both
recorded a first-quarter loss on declining demand in the
sluggish economy.
Computer Associates (CA: Research, Estimates) reported a
higher profit that beat Wall Street expectations on higher
sales Tuesday.
But Internet Service Provider Earthlink (ELNK: Research,
Estimates) missed estimates even though its fourth quarter
loss narrowed thanks to more subscribers.
Novellus Systems Inc. (NVLS: Research, Estimates) posted a
sharply lower fourth-quarter net profit and missed sales
forecasts as the semiconductor equipment maker struggled
with weak demand in the chip industry.
The company reported net income of $17.2 billion, or 12
cents a share, compared with net income of $93.9 million, or
64 cents a share, a year earlier.
Analysts on average anticipated a profit of 11 cents a share
on sales of $202 million, according to earnings tracker First
Call.
Sales were more than halved to $200 million from $442.7
million. Novellus shares slid $1.61 to $36.23 in trading
Tuesday.
Commerce One Inc. (CMRC: Research, Estimates) posted a
fourth-quarter loss of $66.5 million, or 23 cents a share,
compared with a loss of $13.3 million, or 7 cents a share, a
year earlier. Analysts on average anticipated a loss of 16
cents a share, according to earnings tracker First Call.
The business-to-business software maker blamed a sluggish
U.S. economy for a downturn in revenue to $56 million from
$191.4 million.
The company reported a net loss of $168.3 million, or 59
cents a share, compared with a loss of $197.5 million, or 99
cents a share a year earlier.
Commerce One shares fell 12 cents to $2.60 Tuesday.
Business-to-business software company FreeMarkets Inc.
(FMKT: Research, Estimates) posted fourth- quarter
earnings of $3.9 million, or 9 cents a share, compared with a
loss of $10.4 million, or 27 cents a share, a year earlier.
That`s ahead of the 6 cents a share profit forecast by
analysts, according to First Call.
The company`s net loss for the quarter fell to $2.8 million
from $44.6 million a year earlier.
Revenue increased to $47.6 million in the quarter from $34.5
million.
Meanwhile, computer reseller CDW Computer Centers Inc.
(CDWC: Research, Estimates) posted fourth- quarter
earnings of 47 cents a share compared with earnings of 46
cents a share a year earlier. Analysts on average expected a
46-cents-a-share profit, according to First Call.
However, the company,
which reported net sales of
$988 million compared with
$1.01 billion, said it now
anticipates first-quarter
sales of $975
million-to-$1.025 billion and
earnings of 43-to-47 cents
a share, which is below
analyst forecasts.
CDW stock gained a quarter to $51.80 in trading Tuesday.
Compuware Corp. (CPWR: Research, Estimates) logged lower
third-quarter net income, but matched Wall Street estimates,
which excluded items, as the mainframe software maker saw
business begin to rebound.
For the quarter ended Dec. 31, Compuware reported earnings
excluding items of $49.3 million, or 13 cents a share,
compared with $46.7 million, or 13 cents a share, a year
earlier. Analysts on average anticipated an 11-cents-share
profit, according to First Call.
Net income fell to $29.8 million, or 8 cents a share, from $36
million, or 10 cents a share, in the third quarter a year ago.
Revenue fell to $450.6 million, from $495.4 million.
Compuware shares lost 23 cents to $12.47 Tuesday.
And storage equipment maker Emulex Corp (EMLX: Research,
Estimates) Tuesday reported a loss excluding items for the
second quarter ended Dec. 31 of $10.8 million, or 13 cents,
compared with $18.2 million, or 23 cents, for the same
quarter a year ago. Analysts expected a profit of 9 cents a
share, according to First Call.
Emulex reported a net loss of $28.3 million, or 35 cents a
share, including $39 million in charges, compared with net
income of $19.4 million, or 25 cents a share a year earlier.
Revenue fell 12 percent to $62.2 million. Emulex shares sank
$4.22 to $38.60 Tuesday.
prost
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