Stocks Look To Open Weaker
Stocks appear set to open lower
Thursday.
Synopsys
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of 28 cents a share, in line with analysts’ estimates as reported by research firm
Thomson Financial/First Call.
Retailer Claire’s Stores
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CLE |
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posted a Q2 loss of 12 cents, well under analysts’ expectations of 2 cents a
share.
Cytec Industries
(
CYT |
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upgraded by Lehman Brothers from Buy to Strong Buy.
The Wall Street Journal raised issues
in an article questioning Waste Management’s
(
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expenses” the trash hauler took.
Comverse Technologies
(
CMVT |
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upgraded to Add from Hold by ABN Amro.
Nintendo said it will delay the
release of the company’s new Game Cube console by two weeks. This will give
Microsoft’s
(
MSFT |
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The Limited
(
LTD |
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PowerRating) posted Q2
earnings of 8 cents a share, in line with analysts’ estimates according to Thomson
Financial/First Call.
Metro One Communications
(
MTON |
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reiterated guidance yesterday and issues a press release this morning. The
company said it has not lowered guidance or outlook, “contrary to what
may be implied by certain recent financial market commentary.”
Ciena Corp
(
CIEN |
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to the S&P 500, replacing American General
(
AGC |
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PowerRating).
Homebuilder Toll Brothers
(
TOL |
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posted Q3 earnings of $1.54 a share, beating analysts’ consensus by 32 cents.
The Nikkei made a new 17-year low last
night.
Krispy Kreme Doughnuts
(
KKD |
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PowerRating)
posted Q2 earnings of 10 cents a share, outpacing analysts’ estimates by a penny
according to a survey taken by Thomson Financial/First Call.
Retailer Men’s Wearhouse
(
MW |
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PowerRating)
reported a drop in Q2 profits by 36%. The company earned 25 cents share vs.
38 cents a year ago. Earnings fell in line with analysts’ expectations according
to a poll taken by Thomson Financial/First Call.
Jobless claims for last week (August
18, 2001) increased by 8000 to 393,000 above the revised numbers of 385,000 from
380,000.
Merrill Lynch denied that it was
issuing warrants on Taiwan Semiconductor
(
TSM |
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PowerRating).