Mixed Opening
Stocks appeared set to open mixed
Friday.
Gross Domestic Products increased .7%
but was weaker than expected. Personal Consumption Expenditures increased 1.7%.
Fair Isaac
(
FIC |
Quote |
Chart |
News |
PowerRating) earned 53 cents a
share for Q3 with revenues increasing 11%. The company beat analysts’
expectations by 3 cents.
Biotechnology company Amgen
(
AMGN |
Quote |
Chart |
News |
PowerRating)
announced an increase in Q2 profits of 7%. The company earned 30 cents per share
beating analysts’ expectations of 2 cents, according to Thomson Financial/First
Call.
Microelectronic manufacturer Veeco
Instruments
(
VECO |
Quote |
Chart |
News |
PowerRating) reported Q2 earnings of 40 cents on income of $10.0
million. According to a poll taken by Thomson Financial/First Call analysts’
mean estimates were for 37 cents.
Qualcomm
(
QCOM |
Quote |
Chart |
News |
PowerRating) reported Q3
profits fell 20%. The company earned 22 cents a share, beating Wall Street’s
estimates of 21 cents a share, according to Thomson Financial/First
Call.
Life insurance company American
General
(
AGC |
Quote |
Chart |
News |
PowerRating) reported Q2 earnings of 71 cents a share, in line with
analysts’ expectations, based on data collected by Thomson Financial/First Call.
Corporate office of Kentucky Fried
Chicken, Pizza Hut and Taco Bell, Tricon Global
(
YUM |
Quote |
Chart |
News |
PowerRating) reported Q2 earnings
of 73 cents, beating analysts’ views by 2 cents.
Beckman Coulter
(
BEC |
Quote |
Chart |
News |
PowerRating) reported
earnings of 58 cents a share in line with analysts’ expectations for Q2.
Duane Reade
(
DRD |
Quote |
Chart |
News |
PowerRating) reported Q2
earnings of 36 cents a rise of 45.6%. According to analysts surveyed by Thomson
Financial/First Call, consensus was for earnings of 35 cents a share.
Coffee shop chain Starbucks
(
SBUX |
Quote |
Chart |
News |
PowerRating)
earned 12 cents a share, meeting Q3 targets. The company’s sales increased 19% to
$663 million.
Peoples Energy
(
PGL |
Quote |
Chart |
News |
PowerRating) reported Q3
earnings of 31 cents a share, beating analysts’ lowered estimates of 28
cents a share. The natural gas distributor forecasts FY 2001 earnings will
come in between $3.15 to $3.25 a share. According to Thomson Financial/First
Call, lowered estimates were for $3.19.
Columbia Sportswear
(
COLM |
Quote |
Chart |
News |
PowerRating) was
downgraded by Goldman Sachs from Market Outperform to Market Perform.
First Union Securities upgraded
Advance Fiber Communications
(
AFCI |
Quote |
Chart |
News |
PowerRating) from Buy to Strong Buy.
Qualcomm
(
QCOM |
Quote |
Chart |
News |
PowerRating) was upgraded by
ABN Amro to Buy from Hold and set a price target of $80 a share.
Reliant Energy
(
REI |
Quote |
Chart |
News |
PowerRating) beat Q2
earning estimates of 77 cents a share according to a poll taken by Thomson
Financial/First Call.. The energy company reported earnings of 84 cents a share.
Until later,