Labor Ready (NYSE: LRW) 28% HIGHER; reports Q1 EPS of $0.21, 5 cents better than estimates.(0.16) Revenues were $290 million vs. $281.3 million consensus. Sees Q2 EPS of $0.33-$0.35, versus the consensus of $0.31. Sees FY EPS of $1.40-$1.45, versus the consensus of $1.24. Also announces new $100 million stock buyback
Avici Systems Inc. (Nasdaq: AVCI) 20% LOWER; reports Q1 EPS of $0.42, versus the consensus of $0.07. Revenues came in at $20.5 million versus the consensus of $13.1 million. Declares special $2/share dividend. Avici announced that it will be transitioning away from core router development to focus on its new product initiative, Soapstone Networks. The company said that the routing market is under tremendous pressure from alternative technologies such as Ethernet switching and we do not believe our focus on core routers and our position as the number three supplier in this market to be a sustainable growth business for the company.
Spansion (Nasdaq: SPSN) 19% LOWER; reports Q1 loss of $0.56, versus the consensus of a $0.24 loss. Revenues came in at $628 million versus the consensus of $678.3 million. Due to the intensely competitive pricing environment, the company is not providing specific financial guidance for the second quarter of 2007 at this time.
Power-One Inc. (NASDAQ: PWER) 11.5% LOWER; expects to report revenue slightly below guidance at approximately $124 million, and a net loss of approximately $0.14 per share. The consensus is revenue of $129.5 million and EPS of $0.01.
E*TRADE Financial (Nasdaq: ETFC) 4.8% LOWER; reports Q1 EPS of $0.39, 1 cent better than estimates.(0.38) Revenues were $645 million vs. $671.72 million consensus. The Company also announced today that its Board of Directors has authorized an additional $250 million stock repurchase plan. Revised 2007 EPS guidance to $1.55-$1.75, which compares to the consensus of $1.70.
Alliance Data (NYSE: ADS) 3.8% LOWER; reports Q1 EPS of $0.95, 4 cents better than estimates.(0.91) Revenues were $549.2 million vs. $538.93 million consensus. Sees Q3 EPS of at least $0.80, versus the consensus of $0.86. Raises FY EPS to $3.60, versus prior view of $3.55 and the consensus of $3.59.
Intersil (Nasdaq: ISIL) 3.6% HIGHER; reports Q1 EPS of $0.29, ex-items, 1 cent better than estimates.(0.28) Revenues were $167.7 million vs. $164.72 million consensus. Sees Q2 EPS of $0.30-$0.31, ex-items, versus the consensus of $0.30. Sees Q2 revs up 3%-5%
eBay (Nasdaq: EBAY) 2.5% HIGHER; reports Q1 EPS of $0.33, 3 cents better than estimates.(0.30) Revenues were $1.77 billion vs. $1.72 billion consensus. Sees Q2 EPS of $0.31-$0.33, versus the consensus of $0.31. Sees 2007 EPS of $1.30-$1.34, versus the consensus of $1.29.
AptarGroup (NYSE: ATR) INDICATED HIGHER; reports Q1 EPS of $0.82, 10 cents better than estimates.(0.72) Revenues were $449.8 million vs. $442.42 million consensus. Sees Q2 EPS of $0.96-$1.01, versus the consensus of $0.89. The Board of Directors increased the quarterly dividend by 18% to $.26 per share ($1.04 per share annually on a pre-split basis), payable May 23, 2007 to shareholders of record as of May 2, 2007. AptarGroup’s Board also approved a 2-for-1 stock split to be effected in the form of a stock distribution to shareholders of record as of the close of business on May 2, 2007.
CEO Carl Siebel to retire at end of year.
Labor Ready (NYSE: LRW) 28% HIGHER; reports Q1 EPS of $0.21, 5 cents better than estimates.(0.16) Revenues were $290 million vs. $281.3 million consensus. Sees Q2 EPS of $0.33-$0.35, versus the consensus of $0.31. Sees FY EPS of $1.40-$1.45, versus the consensus of $1.24. Also announces new $100 million stock buyback
Avici Systems Inc. (Nasdaq: AVCI) 20% LOWER; reports Q1 EPS of $0.42, versus the consensus of $0.07. Revenues came in at $20.5 million versus the consensus of $13.1 million. Declares special $2/share dividend. Avici announced that it will be transitioning away from core router development to focus on its new product initiative, Soapstone Networks. The company said that the routing market is under tremendous pressure from alternative technologies such as Ethernet switching and we do not believe our focus on core routers and our position as the number three supplier in this market to be a sustainable growth business for the company.
Spansion (Nasdaq: SPSN) 19% LOWER; reports Q1 loss of $0.56, versus the consensus of a $0.24 loss. Revenues came in at $628 million versus the consensus of $678.3 million. Due to the intensely competitive pricing environment, the company is not providing specific financial guidance for the second quarter of 2007 at this time.
Power-One Inc. (NASDAQ: PWER) 11.5% LOWER; expects to report revenue slightly below guidance at approximately $124 million, and a net loss of approximately $0.14 per share. The consensus is revenue of $129.5 million and EPS of $0.01.
E*TRADE Financial (Nasdaq: ETFC) 4.8% LOWER; reports Q1 EPS of $0.39, 1 cent better than estimates.(0.38) Revenues were $645 million vs. $671.72 million consensus. The Company also announced today that its Board of Directors has authorized an additional $250 million stock repurchase plan. Revised 2007 EPS guidance to $1.55-$1.75, which compares to the consensus of $1.70.
Alliance Data (NYSE: ADS) 3.8% LOWER; reports Q1 EPS of $0.95, 4 cents better than estimates.(0.91) Revenues were $549.2 million vs. $538.93 million consensus. Sees Q3 EPS of at least $0.80, versus the consensus of $0.86. Raises FY EPS to $3.60, versus prior view of $3.55 and the consensus of $3.59.
Intersil (Nasdaq: ISIL) 3.6% HIGHER; reports Q1 EPS of $0.29, ex-items, 1 cent better than estimates.(0.28) Revenues were $167.7 million vs. $164.72 million consensus. Sees Q2 EPS of $0.30-$0.31, ex-items, versus the consensus of $0.30. Sees Q2 revs up 3%-5%
eBay (Nasdaq: EBAY) 2.5% HIGHER; reports Q1 EPS of $0.33, 3 cents better than estimates.(0.30) Revenues were $1.77 billion vs. $1.72 billion consensus. Sees Q2 EPS of $0.31-$0.33, versus the consensus of $0.31. Sees 2007 EPS of $1.30-$1.34, versus the consensus of $1.29.
AptarGroup (NYSE: ATR) INDICATED HIGHER; reports Q1 EPS of $0.82, 10 cents better than estimates.(0.72) Revenues were $449.8 million vs. $442.42 million consensus. Sees Q2 EPS of $0.96-$1.01, versus the consensus of $0.89. The Board of Directors increased the quarterly dividend by 18% to $.26 per share ($1.04 per share annually on a pre-split basis), payable May 23, 2007 to shareholders of record as of May 2, 2007. AptarGroup’s Board also approved a 2-for-1 stock split to be effected in the form of a stock distribution to shareholders of record as of the close of business on May 2, 2007.
CEO Carl Siebel to retire at end of year.
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