Lower Opening
Stocks appear set to open lower
Friday.
United Healthcare
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UNH |
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Q3 net earnings of 71 cents a share, beating analysts’ consensus by a penny and
outpacing earnings of 54 cents a year ago for the same quarter. Revenues for the
company rose by 11%.
IVAX Pharmaceuticals, a subsidiary of
IVAX Corp
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than 1.2 billion tablets of the company’s equivalent of doxacycline, which is
another antibiotic used to treat anthrax. In addition, IVX has an application in
with the FDA for a generic version of Cipro.
Manor Healthcare
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that Q3 net income rose 53%. The nursing home operator posted earnings of 30
cents a share for the quarter, beating analysts’ estimates by a penny according to
a survey taken by Thomson Financial/First Call.
Beckman Coulter
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that earnings for Q3 rose 13.4%, citing an accelerated growth of the company’s
robotic genetic analysis services and equipment to detect diseases. Earnings for
the company came in at 52 cents a share, a penny shy of analysts’ estimates
according to Thomson Financial/First Call.
Taiwan Semiconductor
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TSM |
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Q3 numbers beating analysts’ estimates. The company also said that it sees that
improvement will be gradual and will continue into 2002.
Drug store chain Duane Reade
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reported a Q3 net of 27 cents a share, coming in at the lower end of guidance and a
penny shy of analysts’ estimates. The company also lowered its outlook for Q4 to
43-46 cents a share.
DB Alex Brown downgraded biotechnology
company Incyte Genomics
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INCY |
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Bear Stearns downgraded VeriSign
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from Attractive to Neutral.
Credit Suisse First Boston lowered its
rating on phone maker LM Ericcsson
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ERICY |
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company reported a Q3 loss of 5 cents, missing analysts’ consensus by a penny.
Robertson Stephens downgraded Vitesse
Semiconductor
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Centillium Communications
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CTLM |
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was upgraded by Robertson Stephens from Market Perform to Buy.
Applied Micro Circuits
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AMCC |
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downgraded by Robertson Stephens from Buy to Market Perform.
International Rectifier
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IRF |
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upgraded by Salomon Smith Barney from Neutral to Outperform and raised the price
target for the company from $35 to $45.
JDS Uniphase
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downgraded by Robertson Stephens from Buy to Market Perform.