Flat To Lower Opening
Stocks appeared set to open flat to
lower Tuesday.
In what use to be called the Humphrey-Hawkins Testimony, Federal Reserve Board Chairman Alan Greenspan will be
speaking to Capitol Hill with regard to the state of the economy.Â
Lucent Technologies
(
LU |
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Chart |
News |
PowerRating) announced
that it will be cutting its workforce by another 15k to 20k workers.
Honeywell International
(
HON |
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News |
PowerRating) beat
analysts’ expectations by 2 cents a share. The company reported earnings of 55
cents, analysts polled by Thomson Financial/First Call were expecting an average
Q2 operating earning of 53 cents.Â
Texas Instruments
(
TXN |
Quote |
Chart |
News |
PowerRating) Q2
earnings came in a 3 cents a share. According to a consensus taken by Thomson
Financial/First Call, analysts’ were expecting earnings for the company to be 4
cents.
FEI Company
(
FEIC |
Quote |
Chart |
News |
PowerRating) reported Q2
earnings of 39 cents ahead of Wall Street expectations by a nickel. Earnings
increased by 63%.
Quest Diagnostics
(
DGX |
Quote |
Chart |
News |
PowerRating) earned 52
cents a share for Q2 beating analysts’ expectations by 4 cents. According to a
survey taken by Thomson Financial/First Call, Wall Street was expecting the
company to earn 48 cents for the quarter.
Lincair Holdings
(
LNCR |
Quote |
Chart |
News |
PowerRating) reported
earnings of 32 cents a share in line with analysts’ expectations. Revenues
increased 18% over the same quarter a year ago.
Laboratory Corporation of America
(
LH |
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Chart |
News |
PowerRating)
announced the company earned 74 cents beating analysts’ expectations by 4 cents.
The company credits the successful quarter due to increase demand for diagnostic
tests and strong pricing for the industry.
Ametek
(
AME |
Quote |
Chart |
News |
PowerRating) reported earning for
Q2 of 56 cents a share. The electronic instrument and motor maker met analysts’
expectations. Sales for the company increased 2.3% for the quarter.
Cirrus Logic
(
CRUS |
Quote |
Chart |
News |
PowerRating) announced Q1
earnings of 10 cents falling short of analysts’ expectations. Analysts were
looking for the company to earn between 8 cents to 14 cents, with an average
estimate of 11 cent according to research firm Thomson Financial/First Call.
Computer Associates
(
CA |
Quote |
Chart |
News |
PowerRating) posted
earnings of 55 cents a share for Q1. Earnings beat analyst’s expectations
by 7 cents. The company also stated that they expect to beat Q2 estimates.
Dentsply International
(
XRAY |
Quote |
Chart |
News |
PowerRating)
exceeded analysts’ Q2 earnings by a penny. According to Thomson Financial/First
Call, analysts’ expected the company to earn 51 cents a share.
American Electric Power
(
AEP |
Quote |
Chart |
News |
PowerRating) said
it earned 89 cents a share, beating analysts’ mean estimates of 78 cents
according to a survey taken by the research firm Thomson Financial/First
Call.Â
Jack Henry
(
JKHY |
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News |
PowerRating) was upgraded by
First Union to a Strong Buy from Buy.
According to a report by Reuters Securities,Â
Lucent Technologies
(
LU |
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Chart |
News |
PowerRating) said it will sell its fiber-optic unit to Japan’s
Furukawa Electric Co. and Corning
(
GLW |
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Chart |
News |
PowerRating) for $2.75 billion.
Brocade Communications
(
BRCD |
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Chart |
News |
PowerRating) was
upgraded by Morgan Stanley Dean Witter from Neutral to Outperform.
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