<TABLE cellSpacing=0 cellPadding=2 width="100%" bgColor=white border=0 xmlns:msxsl="urn:schemas-microsoft-com:xslt" xmlns:js="http://cbs.markewatch.com/xsl"><TBODY><TR><TD width="100%">Arena Pharmaceuticals (ARNA: news, chart, profile) announced positive top-line results from its Phase 2 clinical trial of its obesity drug candidate APD356. The company said there was a "highly statistically significant" weight loss in patients taking the 15 mg dose of the drug, with no statistically significant weight loss in the 1 mg or 5 mg groups.
Artesyn Technologies (ATSN: news, chart, profile) said its chief financial officer, Richard Thompson, has resigned to pursue another career opportunity. The company said its corporate controller, Gary Larsen, would assume CFO duties until a replacement can be found. The power conversion company's stock closed Tuesday down 26 cents at $7.11.
Asyst Technologies (ASYT: news, chart, profile) narrowed its fourth-quarter loss to $2.9 million, or 6 cents a share, from $7.7 million, or 16 cents a share, a year ago. Pro forma loss was $2.5 million, or 5 cents a share. Revenue rose to $142.1 million from $130.1 million a year earlier.
Bally Total Fitness (BFT: news, chart, profile) said it has put its Crunch Fitness clubs up for sale. The company has retained The Blackstone Group to assist in the sale of the club, which has more than 21 full-service gyms and 85,000 members. Bally said it will continue to evaluate alternatives for its other non-core assets. The stock closed Tuesday down 3 cents at $3.15.
Beacon Roofing Supply (BECN: news, chart, profile) reported second-quarter net income of $2.4 million, or 9 cents a share, compared to a net loss of $10 million, or 56 cents a share, in the year-ago period. Revenue rose 39% to $172 million. A survey of analysts by Thomson First Call forecasted earnings of 7 cents a share and revenue of $162.3 million. Shares fell 5 cents to $22.29 on Tuesday.
Boots & Coots International Well Control (WEL: news, chart, profile) said that first-quarter profit rose to $2.5 million from $8,000 in the year-earlier period. Net income attributable to common shareholders came to $2.3 million, or 7 cents a share, reversing a year-ago loss of $114,000, or no cents a share, the company said. Revenue for the three months ended March 31 increased to $14.3 million from $4.4 million in last year's first quarter. Thomson First Call doesn't publish an analyst estimate for the company. The Houston oil-field services' company's shares closed unchanged at 93 cents Tuesday.
Carter's Inc. (CRI: news, chart, profile) agreed to buy OshKosh B'Gosh Inc. (GOSHA: news, chart, profile) in a cash deal worth $312 million. Carter's said it will shell out $26 a share to take over OshKosh -- a significant discount to the company's closing price of $29.40. Atlanta-based Carter's added that it expects the transaction to be neutral to slightly accretive to 2005 earnings before estimated refinancing charges and accounting adjustments. See full story.
Ceridian Corp. (CEN: news, chart, profile) said first-quarter profit rose 27% to $22 million, or 15 cents a share, from $17.3 million, or 11 cents a share, in the year-ago period. Analysts polled by Thomson First Call were looking for earnings, on average, of 16 cents a share. Revenue for the three months ended March 31 increased 14% to $357.4 million from $313.9 million in last year's first quarter, and ahead of analysts' outlook for $352 million in revenue. The Minneapolis human resources company affirmed its fiscal 2005 earnings target at 68 to 75 cents a share, but reduced its second-quarter view by 1 cent to 14 to 15 cents a share, due to the timing of severance costs. Analysts' project full-year and second-quarter earnings at 72 cents a share and 15 cents a share, respectively. Ceridian's stock closed down 8 cents at $17.51 Tuesday.
Churchill Downs (CHDN: news, chart, profile) lost $13.9 million, or $1.08 a share, for the first-quarter period, wider than the $11.7 million and 98 cents of a year ago. Revenue came in at $56.3 million, up from $37.7 million as the company added 61 race dates from an acquisition, while the take from its simulcast network soared tenfold. Revenue gains were offset in part by $2.8 million in spending related to a failed ballot initiative in Florida, along with higher corporate expenses. See full story.
Cisco Systems (CSCO: news, chart, profile) reported third-quarter net income rose 16% as the No. 1 maker of networking gear held costs in check and sold more of its equipment to corporations, consumers and phone companies. Cisco said profit for the period ended April 30 rose to $1.41 billion, or 21 cents a share, from $1.21 billion, or 17 cents, a year ago. Excluding some charges, Cisco reported earnings of 23 cents a share, just topping the 22-cent average estimate of Wall Street analysts. Sales rose 10% to $6.19 billion, up from $5.62 billion a year ago -- when the quarter had an extra week -- and in line with analyst estimates of $6.16 billion. See full story.
Comcast Corp. (CMCSA: news, chart, profile) , the largest cable company in the U.S, expects cable expenditures to remain flat for the next three years, said Mike Tallent, executive vice president of administration and finance. Speaking at the company's analyst and investor meeting Tuesday, Tallent said spending should stay about $3 billion to $3.2 billion between 2006 and 2008. The company expects to spend between $3.2 billion and $3.3 billion in 2005. Capital spending was $3.6 billion last year.
CompuDyne Corp. (CDCYE: news, chart, profile) said its first-quarter loss widened to $319,000, or 4 cents a share, from $307 million, or 4 cents a share, a year ago. Revenue fell to $36.3 million from $39 million a year earlier.
Corinthian Colleges (COCO: news, chart, profile) said it could not file its quarterly report by the May 10 deadline as additional time is needed to complete its review of the accounting of operating leases. The company expects to file the report for the quarter ending March within the 5-day extension period. The post-secondary education company's stock closed Tuesday up 6 cents at $14.31.
DreamWorks Animation (DWA: news, chart, profile) said its first-quarter profit was $46 million, or 44 cents a share. In the year-ago period, it lost $25 million or 33 cents a share. Revenue rose to $167 million from $41 million. Analysts polled by Thomson First Call, though, were expecting a profit of 58 cents a share on revenue of $175.2 million. DreamWorks also said it expects full-year earnings in the range of $1 to $1.25 a share, well shy of the First Call target of $1.88 a share.
Eastman Kodak's (EK: news, chart, profile) board elected Antonio Perez to become the company's chief executive. Perez, currently Kodak's president, will take over as CEO effective June 1, succeeding Dan Carp, the company said. Carp, who's served as CEO since January 2000, will remain on as chairman through the end of the year, at which time he'll retire after 35 years with Rochester, N.Y.-based Kodak. The 59-year-old Perez previously served a 25-year stint at Hewlett-Packard Co. and was recruited by Carp to join Kodak in April 2003. They will address shareholders at the company's annual meeting later Wednesday. Shares of Eastman Kodak fell 27 cents, or 1.1%, to end at $25.45 on Tuesday. See full story.
Federated Department Stores (FD: news, chart, profile) reported first-quarter earnings of $123 million, or 71 cents a share, up from its year-ago profit of $97 million, or 53 cents a share. The Cincinnati department store operator noted the performance in the latest quarter was above both its initial outlook for a profit of 45 to 50 cents a share, and its revised outlook for a profit of 65-70 cents a share. Sales rose 2.5% in the latest three months to $3.61 billion from $3.52 billion in the same period a year earlier. The average estimate of analysts polled by Thomson First Call was for a profit of 67 cents a share in the April period. Looking ahead, the company forecast earnings of 80 to 85 cents a share in the second quarter. Wall Street's current consensus estimate for the July quarter is for earnings of 83 cents a share. The stock closed Tuesday at $63.90, down 35 cents.
Genesco (GCO: news, chart, profile) reported first-quarter sales of $286 million, up 27% from $226 million last year. Genesco reiterated its first-quarter earnings target of 25-26 cents a share. The company said its earnings forecast includes charges of $1.6 million, or 6 cents a share, for an anticipated settlement of a previously disclosed class action lawsuit over California wage laws. A survey of analysts by Thomson First Call forecasted earnings of 26 cents a share. Genesco stock fell 14 cents to $28.68 on Tuesday.
GTECH Holdings (GTK: news, chart, profile) said it would provide 200 video gaming machines to Harrah's Entertainment (HET: news, chart, profile) as part of a new strategic relationship. GTECH expects to generate revenue of $5.8 million from the replacement of the machines. The company said it may supply additional slot products in the future, and said it would work with Harrah's to develop new game content. GTECH shares closed Tuesday up 10 cents at $26.12 and Harrah's fell 85 cents to $66.40
Interline Brands Inc. (IBI: news, chart, profile) reported first-quarter net income applicable to common shareholders of $1.4 million, or 4 cents a share. Its pro forma earnings were $7.9 million, or 24 cents a share. Last year, its loss attributable to common shareholders was $10.1 million, or $153 a share. Revenue for the quarter rose 14% to $196.5 million from $173.6 million a year ago.
Kohl's (KSS: news, chart, profile) was upgraded at Prudential to overweight. The firm cited improving store traffic trends and new store productivity.
Marvel Enterprises (MVL: news, chart, profile) said its board has approved an additional $150 million for its share buyback program. It also said it extended the program to June 30, 2006. Marvel shares fell 19 cents to $19.88 Tuesday.
May Department Stores (MAY: news, chart, profile) was hit with a downgrade by Prudential Securities to underweight.
Novelis Inc. (NVL: news, chart, profile) , the aluminum rolled products business spun off by Alcan Inc. (AL: news, chart, profile) earlier this year, reported first-quarter net income of $59 million, or 78 cents a share, on revenue of $2.12 billion. Analysts were looking for earnings of 33 cents a share on revenue of $2.06 billion, according to estimates compiled by Thomson First Call, on average. On a "carve out" basis as part of Alcan, the Atlanta-based company generated net income of $69 million, or 92 cents a share, in the first quarter of 2004. Novelis said quarterly rolled product shipments increased 4.2% on a year-over-year basis. Revenue increased by 17% from the year-ago first quarter and by 5.1% from the fourth quarter of 2004. Novelis also said that it expects to achieve 5% to 10% growth in total regional income for 2005 and that the year's capital spending won't top $175 million. The stock slipped 19 cents to end Tuesday's trading at $21.69.
Nu Horizons Electronics Corp. (NUHC: news, chart, profile) reported fiscal fourth-quarter earnings of $116,000, or a penny a share, down from $409,259, or 2 cents a share, in the same period a year ago, as the company continues to face pressure on gross margins. Revenue rose 12% to $114.2 million from last year's $102 million. The technology components distributor's stock closed Tuesday down 6 cents at $6.02.
O'Charley's Inc. (CHUX: news, chart, profile) warned that second-quarter and 2005 earnings would miss expectations as higher employee benefit, restaurant and pre-opening costs are expected to offset improved food cost margins. The restaurant operator expects to earn 19 to 23 cents a share in the second quarter, below the average analyst estimate compiled by Thomson First Call of 29 cents, and sees 2005 earnings of $1.10 to $1.16 a share, including restricted stock plan-related costs of 5 to 7 cents a share, vs. analyst forecasts of $1.30 a share. For the first quarter, earnings rose to $10.1 million, or 44 cents a share from $7.6 million, or 33 cents a share in the same period a year ago, and above analyst projections of 43 cents share. Revenue grew to $290.5 million from last year's $267.7 million, missing analyst estimates of $297.5 million, amid a 1.4% increase in same-store sales.
OpenTV (OPTV: news, chart, profile) reported a first-quarter loss of $3.3 million, or 3 cents a share, compared with a loss of $8.9 million, or 7 cents a share, a year ago. The San Francisco-based interactive television services company said revenue rose to $22.8 million from $17.4 million last year.
Opinion Research Corp. (ORCI: news, chart, profile) postponed the pricing of its public sale of common stock due to market conditions. The stock closed Tuesday down 85 cents, or 12%, at $6.40. The market research company had originally announced in October 2004 that it filed to sell common stock with a value of up to $50 million, but said in February 2005 that it would have to delay the sale until its audited financial statements for 2004 were completed.
Sirenza Microdevices (SMDI: news, chart, profile) reaffirmed its revenue estimate for the second quarter ending June 30, at a range of $14 million to $15 million. Sirenza reported first-quarter revenue of $12.2 million. Sirenza plans to report second-quarter results July 26. Sirenza Microdevices, based in Broomfield, Colo., designs and supplies electronics products for the commercial communications, aerospace and defense markets.
Sitel Corp. (SWW: news, chart, profile) reported first-quarter net income of $1.4 million, or 2 cents a share, down 70% from $4.8 million, or 7 cents a share, a year ago. Revenue rose 2.9% to $251.2 million from $244.1 million a year ago.
Tarrant Apparel Group (TAGS: news, chart, profile) said its first-quarter net loss narrowed to $106,000, or no cents a share, from $3 million, or 10 cents a share, in the prior-year period. Sales increased to $44.8 million from $42.2 million in last year's first quarter. Thomson First Call doesn't publish an analyst estimate for the company. Cost cuts and a charge in the year-ago period contributed to the narrower loss, the Los Angeles apparel company said. Additionally, Tarrant affirmed its fiscal 2005 outlook for net income of about $9 million to $12 million. Shares closed up 2 cents at $1.48 Tuesday.
Tarragon Corp. (TARR: news, chart, profile) reported first-quarter earnings of $21.6 million, or 70 cents a share, up from $1.9 million, or 7 cents a share in the same period a year ago . Revenue rose 57% to $80.6 million from last year's $51.4 million, with homebuilding revenue increasing 76% to $63.6 million. Contract backlog as of the end of March increased 81% to $423.5 million. The stock closed Tuesday up 68 cents at $21.84.
URS Corp. (URS: news, chart, profile) said that its first-quarter earnings rose to $20.1 million, or 45 cents a share, from $13.8 million, or 39 cents a share, a year ago. Revenue was $922 million vs. $830.3 million a year earlier. The San Francisco-based company reaffirmed its 2005 revenue outlook of $3.6 billion. URS said it expects its 2005 net income to be about $96 million, or $2.10 a share. The company said it expects its second-quarter earnings per share to be between 25% and 29% of its 2005 earnings forecast of $2.10 a share.
Yahoo Inc. (YHOO: news, chart, profile) intends on making the online music-subscription market a little more crowded by launching a new service that costs less than what some rivals are charging. The Yahoo Music Unlimited service will cost $6.99 a month, or $59.98 for a full-year subscription, and allow unlimited downloads from a library of more than 1 million songs. Users will then be able to play songs on their computers or on portable MP3 music players that use the Microsoft (MSFT: news, chart, profile) Windows Media format. See full story.
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Michael Baron is a reporter for MarketWatch in New York</TD></TR></TBODY></TABLE>
Artesyn Technologies (ATSN: news, chart, profile) said its chief financial officer, Richard Thompson, has resigned to pursue another career opportunity. The company said its corporate controller, Gary Larsen, would assume CFO duties until a replacement can be found. The power conversion company's stock closed Tuesday down 26 cents at $7.11.
Asyst Technologies (ASYT: news, chart, profile) narrowed its fourth-quarter loss to $2.9 million, or 6 cents a share, from $7.7 million, or 16 cents a share, a year ago. Pro forma loss was $2.5 million, or 5 cents a share. Revenue rose to $142.1 million from $130.1 million a year earlier.
Bally Total Fitness (BFT: news, chart, profile) said it has put its Crunch Fitness clubs up for sale. The company has retained The Blackstone Group to assist in the sale of the club, which has more than 21 full-service gyms and 85,000 members. Bally said it will continue to evaluate alternatives for its other non-core assets. The stock closed Tuesday down 3 cents at $3.15.
Beacon Roofing Supply (BECN: news, chart, profile) reported second-quarter net income of $2.4 million, or 9 cents a share, compared to a net loss of $10 million, or 56 cents a share, in the year-ago period. Revenue rose 39% to $172 million. A survey of analysts by Thomson First Call forecasted earnings of 7 cents a share and revenue of $162.3 million. Shares fell 5 cents to $22.29 on Tuesday.
Boots & Coots International Well Control (WEL: news, chart, profile) said that first-quarter profit rose to $2.5 million from $8,000 in the year-earlier period. Net income attributable to common shareholders came to $2.3 million, or 7 cents a share, reversing a year-ago loss of $114,000, or no cents a share, the company said. Revenue for the three months ended March 31 increased to $14.3 million from $4.4 million in last year's first quarter. Thomson First Call doesn't publish an analyst estimate for the company. The Houston oil-field services' company's shares closed unchanged at 93 cents Tuesday.
Carter's Inc. (CRI: news, chart, profile) agreed to buy OshKosh B'Gosh Inc. (GOSHA: news, chart, profile) in a cash deal worth $312 million. Carter's said it will shell out $26 a share to take over OshKosh -- a significant discount to the company's closing price of $29.40. Atlanta-based Carter's added that it expects the transaction to be neutral to slightly accretive to 2005 earnings before estimated refinancing charges and accounting adjustments. See full story.
Ceridian Corp. (CEN: news, chart, profile) said first-quarter profit rose 27% to $22 million, or 15 cents a share, from $17.3 million, or 11 cents a share, in the year-ago period. Analysts polled by Thomson First Call were looking for earnings, on average, of 16 cents a share. Revenue for the three months ended March 31 increased 14% to $357.4 million from $313.9 million in last year's first quarter, and ahead of analysts' outlook for $352 million in revenue. The Minneapolis human resources company affirmed its fiscal 2005 earnings target at 68 to 75 cents a share, but reduced its second-quarter view by 1 cent to 14 to 15 cents a share, due to the timing of severance costs. Analysts' project full-year and second-quarter earnings at 72 cents a share and 15 cents a share, respectively. Ceridian's stock closed down 8 cents at $17.51 Tuesday.
Churchill Downs (CHDN: news, chart, profile) lost $13.9 million, or $1.08 a share, for the first-quarter period, wider than the $11.7 million and 98 cents of a year ago. Revenue came in at $56.3 million, up from $37.7 million as the company added 61 race dates from an acquisition, while the take from its simulcast network soared tenfold. Revenue gains were offset in part by $2.8 million in spending related to a failed ballot initiative in Florida, along with higher corporate expenses. See full story.
Cisco Systems (CSCO: news, chart, profile) reported third-quarter net income rose 16% as the No. 1 maker of networking gear held costs in check and sold more of its equipment to corporations, consumers and phone companies. Cisco said profit for the period ended April 30 rose to $1.41 billion, or 21 cents a share, from $1.21 billion, or 17 cents, a year ago. Excluding some charges, Cisco reported earnings of 23 cents a share, just topping the 22-cent average estimate of Wall Street analysts. Sales rose 10% to $6.19 billion, up from $5.62 billion a year ago -- when the quarter had an extra week -- and in line with analyst estimates of $6.16 billion. See full story.
Comcast Corp. (CMCSA: news, chart, profile) , the largest cable company in the U.S, expects cable expenditures to remain flat for the next three years, said Mike Tallent, executive vice president of administration and finance. Speaking at the company's analyst and investor meeting Tuesday, Tallent said spending should stay about $3 billion to $3.2 billion between 2006 and 2008. The company expects to spend between $3.2 billion and $3.3 billion in 2005. Capital spending was $3.6 billion last year.
CompuDyne Corp. (CDCYE: news, chart, profile) said its first-quarter loss widened to $319,000, or 4 cents a share, from $307 million, or 4 cents a share, a year ago. Revenue fell to $36.3 million from $39 million a year earlier.
Corinthian Colleges (COCO: news, chart, profile) said it could not file its quarterly report by the May 10 deadline as additional time is needed to complete its review of the accounting of operating leases. The company expects to file the report for the quarter ending March within the 5-day extension period. The post-secondary education company's stock closed Tuesday up 6 cents at $14.31.
DreamWorks Animation (DWA: news, chart, profile) said its first-quarter profit was $46 million, or 44 cents a share. In the year-ago period, it lost $25 million or 33 cents a share. Revenue rose to $167 million from $41 million. Analysts polled by Thomson First Call, though, were expecting a profit of 58 cents a share on revenue of $175.2 million. DreamWorks also said it expects full-year earnings in the range of $1 to $1.25 a share, well shy of the First Call target of $1.88 a share.
Eastman Kodak's (EK: news, chart, profile) board elected Antonio Perez to become the company's chief executive. Perez, currently Kodak's president, will take over as CEO effective June 1, succeeding Dan Carp, the company said. Carp, who's served as CEO since January 2000, will remain on as chairman through the end of the year, at which time he'll retire after 35 years with Rochester, N.Y.-based Kodak. The 59-year-old Perez previously served a 25-year stint at Hewlett-Packard Co. and was recruited by Carp to join Kodak in April 2003. They will address shareholders at the company's annual meeting later Wednesday. Shares of Eastman Kodak fell 27 cents, or 1.1%, to end at $25.45 on Tuesday. See full story.
Federated Department Stores (FD: news, chart, profile) reported first-quarter earnings of $123 million, or 71 cents a share, up from its year-ago profit of $97 million, or 53 cents a share. The Cincinnati department store operator noted the performance in the latest quarter was above both its initial outlook for a profit of 45 to 50 cents a share, and its revised outlook for a profit of 65-70 cents a share. Sales rose 2.5% in the latest three months to $3.61 billion from $3.52 billion in the same period a year earlier. The average estimate of analysts polled by Thomson First Call was for a profit of 67 cents a share in the April period. Looking ahead, the company forecast earnings of 80 to 85 cents a share in the second quarter. Wall Street's current consensus estimate for the July quarter is for earnings of 83 cents a share. The stock closed Tuesday at $63.90, down 35 cents.
Genesco (GCO: news, chart, profile) reported first-quarter sales of $286 million, up 27% from $226 million last year. Genesco reiterated its first-quarter earnings target of 25-26 cents a share. The company said its earnings forecast includes charges of $1.6 million, or 6 cents a share, for an anticipated settlement of a previously disclosed class action lawsuit over California wage laws. A survey of analysts by Thomson First Call forecasted earnings of 26 cents a share. Genesco stock fell 14 cents to $28.68 on Tuesday.
GTECH Holdings (GTK: news, chart, profile) said it would provide 200 video gaming machines to Harrah's Entertainment (HET: news, chart, profile) as part of a new strategic relationship. GTECH expects to generate revenue of $5.8 million from the replacement of the machines. The company said it may supply additional slot products in the future, and said it would work with Harrah's to develop new game content. GTECH shares closed Tuesday up 10 cents at $26.12 and Harrah's fell 85 cents to $66.40
Interline Brands Inc. (IBI: news, chart, profile) reported first-quarter net income applicable to common shareholders of $1.4 million, or 4 cents a share. Its pro forma earnings were $7.9 million, or 24 cents a share. Last year, its loss attributable to common shareholders was $10.1 million, or $153 a share. Revenue for the quarter rose 14% to $196.5 million from $173.6 million a year ago.
Kohl's (KSS: news, chart, profile) was upgraded at Prudential to overweight. The firm cited improving store traffic trends and new store productivity.
Marvel Enterprises (MVL: news, chart, profile) said its board has approved an additional $150 million for its share buyback program. It also said it extended the program to June 30, 2006. Marvel shares fell 19 cents to $19.88 Tuesday.
May Department Stores (MAY: news, chart, profile) was hit with a downgrade by Prudential Securities to underweight.
Novelis Inc. (NVL: news, chart, profile) , the aluminum rolled products business spun off by Alcan Inc. (AL: news, chart, profile) earlier this year, reported first-quarter net income of $59 million, or 78 cents a share, on revenue of $2.12 billion. Analysts were looking for earnings of 33 cents a share on revenue of $2.06 billion, according to estimates compiled by Thomson First Call, on average. On a "carve out" basis as part of Alcan, the Atlanta-based company generated net income of $69 million, or 92 cents a share, in the first quarter of 2004. Novelis said quarterly rolled product shipments increased 4.2% on a year-over-year basis. Revenue increased by 17% from the year-ago first quarter and by 5.1% from the fourth quarter of 2004. Novelis also said that it expects to achieve 5% to 10% growth in total regional income for 2005 and that the year's capital spending won't top $175 million. The stock slipped 19 cents to end Tuesday's trading at $21.69.
Nu Horizons Electronics Corp. (NUHC: news, chart, profile) reported fiscal fourth-quarter earnings of $116,000, or a penny a share, down from $409,259, or 2 cents a share, in the same period a year ago, as the company continues to face pressure on gross margins. Revenue rose 12% to $114.2 million from last year's $102 million. The technology components distributor's stock closed Tuesday down 6 cents at $6.02.
O'Charley's Inc. (CHUX: news, chart, profile) warned that second-quarter and 2005 earnings would miss expectations as higher employee benefit, restaurant and pre-opening costs are expected to offset improved food cost margins. The restaurant operator expects to earn 19 to 23 cents a share in the second quarter, below the average analyst estimate compiled by Thomson First Call of 29 cents, and sees 2005 earnings of $1.10 to $1.16 a share, including restricted stock plan-related costs of 5 to 7 cents a share, vs. analyst forecasts of $1.30 a share. For the first quarter, earnings rose to $10.1 million, or 44 cents a share from $7.6 million, or 33 cents a share in the same period a year ago, and above analyst projections of 43 cents share. Revenue grew to $290.5 million from last year's $267.7 million, missing analyst estimates of $297.5 million, amid a 1.4% increase in same-store sales.
OpenTV (OPTV: news, chart, profile) reported a first-quarter loss of $3.3 million, or 3 cents a share, compared with a loss of $8.9 million, or 7 cents a share, a year ago. The San Francisco-based interactive television services company said revenue rose to $22.8 million from $17.4 million last year.
Opinion Research Corp. (ORCI: news, chart, profile) postponed the pricing of its public sale of common stock due to market conditions. The stock closed Tuesday down 85 cents, or 12%, at $6.40. The market research company had originally announced in October 2004 that it filed to sell common stock with a value of up to $50 million, but said in February 2005 that it would have to delay the sale until its audited financial statements for 2004 were completed.
Sirenza Microdevices (SMDI: news, chart, profile) reaffirmed its revenue estimate for the second quarter ending June 30, at a range of $14 million to $15 million. Sirenza reported first-quarter revenue of $12.2 million. Sirenza plans to report second-quarter results July 26. Sirenza Microdevices, based in Broomfield, Colo., designs and supplies electronics products for the commercial communications, aerospace and defense markets.
Sitel Corp. (SWW: news, chart, profile) reported first-quarter net income of $1.4 million, or 2 cents a share, down 70% from $4.8 million, or 7 cents a share, a year ago. Revenue rose 2.9% to $251.2 million from $244.1 million a year ago.
Tarrant Apparel Group (TAGS: news, chart, profile) said its first-quarter net loss narrowed to $106,000, or no cents a share, from $3 million, or 10 cents a share, in the prior-year period. Sales increased to $44.8 million from $42.2 million in last year's first quarter. Thomson First Call doesn't publish an analyst estimate for the company. Cost cuts and a charge in the year-ago period contributed to the narrower loss, the Los Angeles apparel company said. Additionally, Tarrant affirmed its fiscal 2005 outlook for net income of about $9 million to $12 million. Shares closed up 2 cents at $1.48 Tuesday.
Tarragon Corp. (TARR: news, chart, profile) reported first-quarter earnings of $21.6 million, or 70 cents a share, up from $1.9 million, or 7 cents a share in the same period a year ago . Revenue rose 57% to $80.6 million from last year's $51.4 million, with homebuilding revenue increasing 76% to $63.6 million. Contract backlog as of the end of March increased 81% to $423.5 million. The stock closed Tuesday up 68 cents at $21.84.
URS Corp. (URS: news, chart, profile) said that its first-quarter earnings rose to $20.1 million, or 45 cents a share, from $13.8 million, or 39 cents a share, a year ago. Revenue was $922 million vs. $830.3 million a year earlier. The San Francisco-based company reaffirmed its 2005 revenue outlook of $3.6 billion. URS said it expects its 2005 net income to be about $96 million, or $2.10 a share. The company said it expects its second-quarter earnings per share to be between 25% and 29% of its 2005 earnings forecast of $2.10 a share.
Yahoo Inc. (YHOO: news, chart, profile) intends on making the online music-subscription market a little more crowded by launching a new service that costs less than what some rivals are charging. The Yahoo Music Unlimited service will cost $6.99 a month, or $59.98 for a full-year subscription, and allow unlimited downloads from a library of more than 1 million songs. Users will then be able to play songs on their computers or on portable MP3 music players that use the Microsoft (MSFT: news, chart, profile) Windows Media format. See full story.
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Michael Baron is a reporter for MarketWatch in New York</TD></TR></TBODY></TABLE>
