Lower Opening
Stocks appear set to open lower
Tuesday.
According to a report in the Wall
Street Journal, Enron
(
ENE |
Quote |
Chart |
News |
PowerRating) has talked with private equity firms and power trading
companies with regard to a capital infusion
of at least $2 billion.
Radio One Inc.
(
ROIA |
Quote |
Chart |
News |
PowerRating) reported a
wider Q3 loss and lowered their outlook for Q4. Radio One posted a loss of $10.1
million or 16 cents a share vs. a loss of $4 million or 10 cents a share for
the same quarter a year ago.
Electronics company Emerson Electric
(
EMR |
Quote |
Chart |
News |
PowerRating)
posted a Q4 net loss of $14.7 million or 3 cents a share, after a restructuring
charge. Before charges, the company made 58 cents a share, in line with analysts’
estimates according to a survey taken by Thomson Financial/First Call.
Health Insurer Oxford Health Plans
(
OHP |
Quote |
Chart |
News |
PowerRating)
posted Q3 profits that rose 6%. The company reported earnings of 85 cents a
share, beating analysts’ estimates of 80 cents according to Thomson
Financial/First Call.
Cellegy Pharmaceuticals
(
CLGY |
Quote |
Chart |
News |
PowerRating)
reported positive results for its gel to treat testosterone deficiency in its
late-stage clinical trial.
International Game Technology
(
IGT |
Quote |
Chart |
News |
PowerRating)
posted Q4 earnings of 73 cents a share, beating analysts’ consensus of 71 cents a
share according to a poll taken by Thomson Financial/First Call.
According to a report in the Financial
Times, Ford Motors
(
F |
Quote |
Chart |
News |
PowerRating) plans to lay off one-fifth of its U.S. white-collar staff,
approximately 8,000 employees.
Met Life
(
MET |
Quote |
Chart |
News |
PowerRating) posted earnings of
30 cents a share excluding one-time item vs. 49 cents for the same quarter a
year ago. Analysts surveyed by market research company Thomson Financial/First
Call were expecting 30 cents.