Mixed Opening
Stocks appear set to open flat to
mixed Tuesday.
Pharmacia Corp
(
PHA |
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PowerRating) reported
earnings of 36 cents a share, 2 cents shy of analysts’ expectations.
Qwest Co.
(
Q |
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PowerRating) has filed a shelf
registration statement for the proposed issuance worth $2.5 billion of debt and
equity securities.
Tesoro Petroleum
(
TSO |
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PowerRating) said it
will buy a refinery from Valero Energy
(
VLO |
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PowerRating) for approximately $1.08
billion. The purchase is for a refinery in San Francisco which will help boost
output, in addition to giving the company exposure in California.
CVS Corp
(
CVS |
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PowerRating) reported a Q4 net
loss of $133.8 million, or 34 cents a share, vs. a net income for $206.2
million, or 51 cents a share.
Monsanto Co.
(
MON |
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News |
PowerRating) reported a Q4
profit of 9 cents a share, or $21 million. MON also beat analysts’ consensus of 8
cents a share according to a poll taken by Thomson Financial/First Call.
Inrange Technologies Corp.
(
INRG |
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News |
PowerRating)
posted a Q4 net loss of $10.3 million, or 12 cents a share, compared to $7.4
million, or 9 cents a share, for the same quarter a year ago.
American Standard
(
ASD |
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News |
PowerRating) reported a
decline in Q4 earnings due to the charges from job cuts. The company
earned 76 cents a share for the quarter according to tracking firm Thomson
Financial/First Call. Analysts’ average consensus was for earnings of 78 cents.
Mykrolis Corp’s
(
MYK |
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PowerRating) lock-up
period expires today.
Colgate-Palmolive Co
(
CL |
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PowerRating) reported
a rise in Q4 earnings by 3%. Net income came in at 49 cents a share, or $295.3
million, compared with the same quarter a year ago of 46 cents a share, or $286.7
million. Before charges, CL earned 52 cents a share, in line with analysts’
forecasts according to a poll taken by Thomson Financial/First Call.
Emerson Electric
(
EMR |
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News |
PowerRating) posted Q1
earnings of 61 cents a share, or $255 million. A year earlier the company earned
83 cents, or $357 million.
Maker of the George Foreman Grill,
Salton Inc.
(
SFP |
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Chart |
News |
PowerRating) posted a Q2 net income of $21.2 million, or $1.42 a share,
vs. $26.6 million, or $1.60 a share, a year ago.
Time Warner Telecom
(
TWTC |
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Chart |
News |
PowerRating) posted
a net loss of $32.5 million, or 28 cents a share, as opposed to a loss of $3.4
million, or 3 cents a share, a year ago. Analysts’ tracking the company were
expecting a loss of 30 cents a share according to Thomson Financial/First Call.