Earnings Report

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Millenium Chem. rallies as upgrade offsets Q4 miss (3:47 PM ET) Millenium Chemical(MCH: news, chart, profile)is rising $1.37, or 15 percent, to $10.52 after the company received an upgrade from Salomon Smith Barney... firm posted on Thursday a loss before items of 22 cents per share in the fourth quarter,

Reinsurance Group gets a lift from Q4 results (2:15 PM ET) Reinsurance Group(RGA: news, chart, profile)is adding $1.53, or 5.7 percent, to $28.55 after the St. Louis life reinsurance firm posted fourth-quarter earnings from continuing operations of $37.8 million, or 76 cents a share,

Providian Financial falls on Q4 earns miss (1:35 PM ET) Providian Financial(PVN: news, chart, profile)shares are down 37 cents, or 5.6 percent, to $6.25 after the San Francisco-based firm posted fourth-quarter earnings of $12.1 million, or 4 cents per share,

Soft spending hurts Sports Authority in Q4 (12:04 PM ET) The Sports Authority(TSA: news, chart, profile)is down $1.48, or 18.1 percent, to $6.70, after the Fort Lauderdale, Fla., sporting goods retailer forecast earnings from normal operations of 46 to 49 cents per share, in the fourth quarter, below its previous outlook for a profit of 50 to 53 cents a share.

Departing doctors trip Province Healthcare in Q4 (11:44 AM ET) Province Healthcare(PRV: news, chart, profile)is losing more than 16 percent to $6.86 after the Brentwood, Tenn., healthcare services firm said that its fourth-quarter results would miss current Wall Street expectations

Massey Energy tumbles following Q4 results (11:27 AM ET) Massey Energy(MEE: news, chart, profile)shares are down more than 14 percent to $7.83 in midday action. After Thursday's closing bell, the Richmond, Va., coal producer posted a loss of $10.5 million, or 14 cents a share, for the fourth quarter.

Sonic Solutions storms higher on Q3 results, outlook (11:01 AM ET) Sonic Solutions(SNIC: news, chart, profile)is up more than 11 percent to $4.74 after the Novato, Calif., maker of DVD authoring software reported third-quarter pro forma earnings of $2.5 million, or 12 cents per share, [always beware of "pro forma"]

Avid Tech blows past Q4 operating earnings view (10:50 AM ET) Avid Technology(AVID: news, chart, profile)shares are leaping more than 10 percent to $4.67 after the Tewksbury, Mass., provider of multimedia editing technology posted fourth-quarter earnings before items of $7.8 million, or 28 cents per share,

Brightpoint boosts Q4 earnings outlook (10:32 AM ET) Brightpoint(CELL: news, chart, profile)is rising more than 14 percent to $9.88 after the Indianapolis-based distributor of mobile phones forecast earnings from continuing operations ranging from $2.8 million to $3.1 million, or 35 to 38 cents a share, for the fourth quarter.

MicroStrategy tops Nasdaq percentage gainers list (10:24 AM ET) MicroStrategy(MSTR: news, chart, profile)is soaring more than 28 percent to $20.74 in early action. After Thursday's closing bell, the McLean, Va., provider of business intelligence software reported fourth-quarter earnings before items of $5.5 million, or 40 cents per share,

Merix sees shortfall in Q3 (10:12 AM ET) Merix(MERX: news, chart, profile)is falling more than 15 percent to $6.95 in early action. After Thursday's closing bell, the Forest Grove, Ore., circuit board maker forecast a shortfall in its third-quarter results

Columbia Sportswear looks for 2% EPS growth in FY03 (9:52 AM ET) Columbia Sportswear(COLM: news, chart, profile)is giving up more than 10 percent to $38 after the Portland, Ore., provider of active outdoor apparel reported fourth-quarter earnings of $29.1 million, or 72 cents per share, 8 cents ahead of the average estimate of analysts polled by Thomson First Call. However, looking ahead, the company sees earnings growth of up to 2 percent in 2003

AMAT warning socks European chip stocks (9:42 AM ET) European chip stocks posted declines of 3-4 percent on Friday after U.S. chip equipment Applied Materials(AMAT: news, chart, profile)warned it expects orders for the first quarter to come in below target.

ChevronTexaco falls short of Q4 consenus forecast (9:16 AM ET) ChevronTexaco(CVX: news, chart, profile)said fourth-quarter operating earnings were $1.065 billion, or $1.00 per share, compared to $498 million, or 47 cents per share, excluding items.

Applied Materials widens view of Q1 order decline (9:14 AM ET) Applied Materials(AMAT: news, chart, profile)is saying that it expects orders for the first quarter to come in below target.

King Pharma updates FY03 outlook (8:54 AM ET) King Pharmaceuticals(KG: news, chart, profile)is updating its earnings outlook for fiscal 2003 to reflect Thursday's acquisition of Elan's primary care business unit. The company now sees earnings of $1.60 to $1.78 per share on revenue of $1.65 billion to $1.85 billion in 2003,

Wendy's meets Wall St. earnings view for Q4 (8:46 AM ET) Wendy's International(WEN: news, chart, profile)is posting fourth-quarter earnings of $50.7 million, or 44 cents a share

Airborne delivers better than expected Q4 profit (8:41 AM ET) Airborne(ABF: news, chart, profile)is reporting fourth-quarter earnings of $12.2 million, or 25 cents a share,

UAL loses $1.5 bln in Q4, sees 'significant' Q1 losses (8:41 AM ET) UAL(UAL: news, chart, profile)reported a fourth quarter loss of $1.5 billion, or $20.70 a share.

Dynegy posts Q4 loss of $341M; outlines restatements (8:28 AM ET) Dynegy(DYN: news, chart, profile)is reporting a loss of $341 million, ot $1.15 per share for the fourth quarter.

Honeywell's Q4 ongoing earns matches expectations (8:21 AM ET) Honeywell(HON: news, chart, profile)reported fourth quarter ongoing earnings that met expectations, as cost cutting and productivity initiatives helped offset a difficult economic environment, and indicated that 2003 results would be in line with Wall Street forecasts. The net loss for the quarter, which includes asbestos-related charges, was $1.47 billion, or $1.78 a share. Excluding non-recurring items, earnings were 50 cents a share, down from 55 cents in the year-earlier period. Revenue was flat at $5.86 billion.

W-H Energy sees Q1 earnings ahead of views (8:06 AM ET) W-H Energy Services(WHES: news, chart, profile)is reporting fourth-quarter earnings of $3.3 million, or 12 cents a share.

Benihana comes in a penny ahead in Q3 (7:59 AM ET) Benihana(BNHN: news, chart, profile)is reporting third-quarter earnings of $2.2 million, or 24 cents a share, a penny ahead of Wall Street's consensus estimate. Revenue jumped 9.1 percent in the latest three months to $43.8 million from $40.2 million in the same period a year earlier.

Varco meets Q4 earnings view (7:54 AM ET) Varco International(VRC: news, chart, profile)is reporting fourth-quarter earnings before items of $22 million, or 22 cents a share, down from its year-ago equivalent profit of $27.2 million, or 28 cents a share.

Constellation Energy tops Q4 earns estimate (6:15 AM ET) Constellation Energy(CEG: news, chart, profile)reported fourth quarter earnings, excluding non-recurring items, of 41 cents a share, above the average analyst estimate compiled by Thomson First Call of 35 cents.

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Cisco earns 14c, revenue $4.71b(4:14 pm ET)
Cisco Systems (CSCO: news, chart, profile) reported fiscal second-quarter earnings of $991 million, or 14 cents a share, on revenue of $4.71 billion.

Boston Scientific's profit up 62%, meets expectations(4:12 pm ET)
Boston Scientific said Tuesday that fourth-quarter profit surged 62 percent to $105 million, or 25 cents per share, compared with $65 million, or 16 cents per share, in the 2001 fourth quarter..


99 Cents Only says FY03 growth will be 'back-weighted'(2:33 pm ET)
99 Cents Only Stores (NDN: news, chart, profile) is off more than 10 percent to $24.14 after the City of Commerce, Calif., discount retailer posted fourth-quarter earnings of $19.7 million, or 28 cents a share, meeting Wall Street's consensus estimate, .

Hewitt sees FY03 revenue growth at low end of range(2:06 pm ET)
Hewitt Associates (HEW: news, chart, profile) is sinking $4.28, or 14 percent, to $26.90 after the Lincolnshire, Ill., provider of human resources outsourcing and consulting services reported first-quarter core earnings of $29.5 million, or 30 cents per share,

Ansys tops Q4 EPS view by a nickel(1:40 pm ET)
Ansys (ANSS: news, chart, profile) is adding more than 10 percent to $20.60 in recent trades. Before the opening bell, the Southpointe, Pa., provider of simulation software reported fourth-quarter earnings of $6.3 million, or 41 cents a share, up from its year-ago profit of $5.1 million, or 33 cents a share,

In-line Q4 results unable to buoy CompuCredit shares(11:52 am ET)
CompuCredit (CCRT: news, chart, profile) is losing more than 12 percent to $5.94 after the Atlanta credit card services provider reported fourth-quarter earnings of $16.7 million, or 35 cents a share,

DaimlerChrysler plans to up 2002 dividend to $1.57/shr(11:22 am ET)
German-U.S. automaker DaimlerChrysler (DCX: news, chart, profile) on Tuesday said it's Board of Management is proposing to the Supervisory Board to distribute a dividend of $1.57 per share for 2002, up from $1.05 a share a year ago.

DaimlerChrysler 02 profits up, sales down(11:21 am ET)
DaimlerChrysler (DCX: news, chart, profile) was down 85 cents, or 2.7 percent, at $30.64 in New York after the German-U.S. auto maker said operating profit excluding one-time effects rose to $6.1 billion in 2002 vs. $1.4 billion a year-ago

Losses widen at American Superconductor (11:20 am ET)
American Superconductor (AMSC: news, chart, profile) is down more than 18 percent to $3.95 after the Westborough, Mass., superconductor electricity technology firm posted a third-quarter loss of $12.6 million, or 60 cents a share, wider than its year-ago equivalent loss of $10.9 million, or 53 cents a share,

Hologic turns in loss for Q1 (10:44 am ET)
Hologic (HOLX: news, chart, profile) is down $1.70, or 18 percent, to $8.04, in early action. Before the opening bell, the Bedford, Mass., medical imaging equipment firm posted a first-quarter loss of $912,000, or a nickel per share, narrower than its year-ago loss of $1.6 million, or 10 cents a share.

Oxford Health slides on 'weak' Q4 earns quality(10:33 am ET)
Shares of Oxford Health Plans (OHP: news, chart, profile)reported earnings of 97 cents a share, up from 85 cents in the year-earlier period,

Argonaut delays release of Q4, FY results(9:49 am ET)
Argonaut Group (AGII: news, chart, profile) is down more than 23 percent to $12.05 after the San Antonio specialty insurance firm announced the delay of the release of its fourth-quarter and full-year results.


Chubb stumbles in pre-open on Q4 earns miss(9:21 am ET)
Chubb shares (CB: news, chart, profile) are getting knocked $3.08, or 5.6 percent, to $51.49 in pre-open trading after the insurer reported fourth-quarter operating earnings of $83.7 million, or 48 cents a share, up from 21 cents a share in the year-earlier quarter,

Genzyme sees lower-than-expected profit, shares off(9:16 am ET)
Shares of Genzyme were off 5 percent in pre-market trading Tuesday after the biotech firm forecast 2003 earnings below analysts' expectations.

Low interest rates take toll on MBIA in Q4 (9:08 am ET)
MBIA (MBI: news, chart, profile) is reporting fourth-quarter earnings of $121.4 million, or 84 cents per share, down from its year-ago profit of $156.4 million, or $1.05 per share.

ATA Holdings Q4 losses narrrow as revenue rises(8:58 am ET)
The Indianapolis-based parent of American Trans Air, or ATA, lost $57.6 million, or $4.90 a share, in the three-month period. Last year, ATA lost $81.3 million, or $7.05 a share. Revenue in the quarter came to $311 million, up from $222 million.

Paccar posts Q4 earnings of $122.2M(8:47 am ET)
Paccar (PCAR: news, chart, profile) is reporting fourth-quarter earnings of $122.2 million, or $1.05 per share, up from its year-ago profit of $50.4 million, or 44 cents a share.

Watson's net income slips, tops target(8:36 am ET)
Watson Pharmaceuticals said Tuesday its fourth-quarter net profit declined to $43.1 million, or 40 cents per share, from $46.3 million, or 43 cents per share, in the 2001 fourth quarter.

Emerson comes in a penny short in Q1(8:28 am ET)
Emerson (EMR: news, chart, profile) is reporting first-quarter earnings of $217 million, or 52 cents a share, a penny short of the average estimate of analysts polled by Thomson First Call.

Patterson-UTI gains as Q4 earns top expectations(8:22 am ET)
Shares of Patterson-UTI Energy (PTEN: news, chart, profile) are tacking on 52 cents, or 1.7 percent, to $31.05 in pre-open trading after ... reported fourth-quarter earnings of $1.8 million, or 2 cents a share, down from 24 cents a share in the year-earlier period,

Avon tops Q4 earns ests., ups 2003 outlook(8:04 am ET)
Avon Products (AVP: news, chart, profile) reported fourth-quarter net income of $193 million, or 80 cents a share, up from 46 cents a share in the year-earlier period

CVS beats Q4 earns estimates(7:33 am ET)
CVS (CVS: news, chart, profile) reported fourth-quarter earnings of $200.1 million, or 49 cents a share, up from 24 cents a share in the year-earlier period and above the average analyst estimate compiled by Multex of 47 cents a share

Colgate-Palmolive's Q4 earns rise, exceed expectations(7:25 am ET)
Colgate-Palmolive (CL: news, chart, profile) reported fourth-quarter earnings of $340.9 million, or 59 cents a share, up from 49 cents a share in the year-earlier period,

Myriad Genetics reports wider-than-expected Q2 loss(7:01 am ET)
Myriad Genetics (MYGN: news, chart, profile) reported a fiscal second-quarter loss of $6.9 million, or 27 cents a share, versus a loss of 10 cents a share in the year-earlier period,

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<A HREF=http://cbs.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&amp;sid=4904&amp;guid=%7B56E5B 6EA%2DAEBD%2D47DD%2DA691%2D824B94109071%7D>Tiffany &amp; Co. profits up</A>

Tiffany &amp; Co. said Wednesday its profit rose 7.9 percent in the latest quarter, thanks to a solid increase in sales.

The upscale specialty retailer reported net income of $89.3 million, or 60 cents a share, for the fiscal fourth quarter ended Jan. 31, up from net of $82.7 million, or 55 cents a share, in the prior fourth quarter.

The previous year's figure included an investment-related impairment charge of 3 cents a share.

Sales grew 9.4 percent to $619 million from $565.8 million in the prior fourth quarter. The fourth-quarter earnings topped Wall Street's consensus estimate of 59 cents a share, which was based on a Thomson First Call poll of 14 analysts. Likewise, sales topped the $612.1 million First Call estimate.

While all of the sales growth was due to openings of new stores, Tiffany's growth is a good sign of a recovering economy.