Higher Opening
Stocks appear set to open higher
Wednesday post the President’s State of the Union Address and on the final day of
the FOMC meeting and on the heels of a better-than-expected Q4 GDP number which rose 0.2%.
Manpower
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PowerRating) posted a Q4 net of
34 cents a share, beating analysts’ consensus by a penny. Comparing the same
quarter a year ago, MAN showed a decline in revenues of 7% to $25 billion. The
company lowered earnings guidance for Q1 to come in between 6 cents and 10 cents
a share, while analysts’ consensus was for 17 cents.
Cooper Cameron
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PowerRating) posted a Q4
profit of $29.9 million, or 53 cents, vs. a loss of $9.6 million, or 18 cents,
for the same quarter a year ago. CAM beat analysts’ expectations of 52 cents
according to a survey taken by Thomson Financial/First Call.
AT&T
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T |
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PowerRating) posted a profit of 5
cents a share vs. 24 cents for the same quarter a year ago. Revenues dropped
to $12.59 billion, or by 9.5%. AT&T beat estimates by a penny.
Constellation Energy Group
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PowerRating)
reported a loss for Q4 of $260.1 million, or $1.59 a share, compared to the same
quarter a year earlier of a profit of $86.1 million, or 57 cents a share. If you
exclude one-time costs, the company earned 46 cents for the quarter. According
to research firm Thomson Financial/First Call, estimate consensus was for 45
cents a share.
Tommy Hilfiger
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TO |
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PowerRating) reported Q3
earnings of 41 cents a share, beating the consensus of 38 cents according to Thomson
Financial/First Call, but shy of the 47 cents earned a year earlier.
Electronic payments technology firm
eFunds Corp
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EFDS |
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PowerRating) posted Q4 net income of $11.6 million, or 24 cents a
share, compared to $4.1 million, or 9 cents a share, for the same quarter a year
ago. Based on a poll taken by Thomson Financial/First Call, estimates were for 21
cents.
Abitibi-Consolidated
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PowerRating) posted
a Q4 profit of $4 million (Canadian), or 1 cent a share. Analysts’ surveyed
expected the newsprint maker to post a loss of 4 cents (Canadian).
Anadigics
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PowerRating) posted a Q4 loss
of $13 million, or 43 cents a share. Revenues fell to $21 million from $30.7
million a year ago.
ILEX Oncology
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PowerRating) said that
Campath, the company’s new leukemia drug, produced sales of $27.1 million in 2001.
Celgene Corp
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PowerRating) reported net
income of $6.7 million, or 8 cents, on a diluted basis compared to $3.7 million, or
5 cents a share, for the same quarter a year ago. Earnings for Q4 rose 81% based
on the strong sales of the company’s drug Thalomid, which used to treat leprosy.
Marsh & McLennan
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PowerRating) said Q4
profits dropped 50% due to a number of one-time items. MMC posted a net income
of $144 million, or 51 cents, compared to $286 million, or 98 cents a share, a year
ago the same quarter. Analysts surveyed by Thomson Financial/First Call were
expecting the company to report earnings of $286 million, or 99 cents a share.