Stronger Opening
Stocks appear set to open higher Thursday.
Cisco Systems
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CSCO |
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PowerRating) reported
earnings after the close of 9 cents a share, beating analysts’ estimates of 5
cents a share.
Cendant
(
CD |
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PowerRating) posted earnings of 23
cents on an adjusted basis, outpacing analysts’ estimates of 21 cents a share
for the quarter.
Household International
(
HI |
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PowerRating) faces
a class action lawsuit in which plaintiffs say the company has mislead and
defrauded customers.
After a sell-off of its stock,
Whirlpool
(
WHR |
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PowerRating) reaffirmed 2002 earnings of $5.72-$6.00 a share vs.
analysts’ estimates of $5.87. The sell-off was triggered by market rumors on the
integrity of WHR’s 2001 earnings. The rumors are without merit according to a
statement put out by Whirlpool’s CEO.
Staples
(
SPLS |
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PowerRating) announced that it
expects to beat Q4 earnings consensus of 25 cents a share even with same-store
sales they expect will come in shy of expectations.
Tyco International
(
TYC |
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PowerRating) has
called off the merger with Bard (C.R.)
(
BCR |
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PowerRating).
Performance Technology
(
PTIX |
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PowerRating)
reported earnings of 8 cents a share, in line with analysts’ estimates according
to Multex.
QLT Phototherapy
(
QLTI |
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PowerRating)
posted Q4 earnings of 11 cents per share, beating analysts’ estimates by 2 cents
according to a survey taken by Multex.
Cyberonics
(
CYBX |
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PowerRating) beat analysts’
estimates of a loss of 38 cents a share according to a Multex consensus. CYBX
posted a Q3 loss of 27 cents.
Itron
(
ITRI |
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PowerRating) reported earnings of
26 cents a share, beating analysts’ estimates of 22 cents a share for Q4.
Advance Auto
(
AAP |
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PowerRating) filed
registration statements for a public offering of 9 million shares in the
company’s common stock.
Timberland Co
(
TBL |
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News |
PowerRating) reported a
decrease in Q4 earnings. The footwear and apparel maker earned $30.2 million, or
77 cents a share, compared with $40.9 million, or 96 cents a share, for the same
quarter a year ago.