Futures Point To A Lower Open

Futures Lower Early Monday, As Earnings Season Continues - U.S. Commentary ($COMPX | Quote | Chart | News | PowerRating)

(RealTimeTraders.com) 7/25/2005 6:59:56 AM The futures are lower in the early morning Monday, as traders get ready for another week of earnings season.

Arkansas Best (ABFS) revealed earnings for the second quarter of $0.91 per share, up from $0.76 per share last year and in line with analysts' consensus. The trucking firm said revenue for the period was $456.7 million, an increase compared to last year's mark of $424.5 million.

Triad Hospitals (TRI) announce second-quarter earnings from continuing operations of $0.71 per share, excluding refinancing transaction costs. Wall Street analysts had expected the company to earn $0.66 per share. The company stated that it now expects a profit for the full year of $2.82-$2.90 per share, compared to its previous guidance of $2.73-$2.83 per share. Triad lowered its outlook for provision for doubtful accounts to about 7.7%-8.2% of revenue due to the expected impact of its self-pay discount policy.

BellSouth (BLS) is scheduled to announce its quarterly results later in the morning. Wall Street analysts project a profit of $0.43 per share compared to last year's mark of $0.51 per share. Xerox (XRX), Quest Diagnostics (DGX) and Ashland (ASH) are among the other major companies set to report before the start of trading. Dow component American Express (AXP) is also expected to report earnings on Monday, with analysts predicting an increase in quarterly profit to $0.78 per share.
 

Millennium Pharmaceuticals Sold Its Rights For Integrilin To Schering Plough - Stock To Watch (MLNM | Quote | Chart | News | PowerRating)

(RealTimeTraders.com) 7/25/2005 7:40:37 AM Schering Plough (SGP) announced after the close on Friday that it had agreed to acquire exclusive development and commercialization rights to INTEGRILIN in the US, from Millennium Pharmaceuticals (MLNM) for an upfront payment of $35.5 million and royalties over the US lifespan of the drug.

Millennium Pharmaceuticals fell to the downside in the first 90 minutes of Friday's session and closed lower by 0.55 at $9.93. The stock closed testing some support.
 

Xerox Corp. - UPDATE - Pulling Back Following Q2 Miss (XRX | Quote | Chart | News | PowerRating)

(RealTimeTraders.com) 7/25/2005 8:20:06 AM We alerted readers at 7:02 that Xerox Corp. (XRX) reported second quarter EPS of $0.20, which fell short of the consensus estimate of $0.23. Revenues came in at $3.92, compared to the $3.85 billion reported last year. The stock is now down 1.02 on 2K shares Monday morning on Instinet.

Xerox Corp. climbed to the upside around 1:30 Friday afternoon and closed higher by 0.10 at $14.05. The stock finished near the upper end of a one-month range.

Pilgrim's Pride Corp. Topped The Q3 Consensus - Stock To Watch (PPC | Quote | Chart | News | PowerRating)

(RealTimeTraders.com) 7/25/2005 7:57:16 AM We alerted readers at 6:32 that Pilgrim's Pride Corp. (PPC) reported third quarter EPS of $1.28, which beat the consensus estimate of $1.20. The company increased its fourth quarter EPS guidance to between $0.90 and $1.00, from prior guidance of $0.73 to $0.91. The consensus estimate is for EPS of $0.92.

Pilgrim's Pride Corp. traded in a range for the majority of Friday's session and closed up by 0.16 at $36.85. The stock rebounded off of support, following a week and a half long pull back from resistance at the highs of the year.

Motorola Inc. Is Rising Higher On Barron's Comments (MOT | Quote | Chart | News | PowerRating)

(RealTimeTraders.com) 7/25/2005 7:28:42 AM This weekend's edition of Barron's featured comments on shares of Motorola Inc. (MOT), stating that the stock could climb an additional 25% as the company unveils new gadgets. Motorola is now up 0.71 on 15K shares Monday morning on Instinet.

Motorola Inc. climbed to the upside for the bulk of Friday afternoon and closed higher by 0.32 at $20.00. The stock climbed above resistance to close at a new 52-week high.

Entrust Technologies Inc. Is Heading Lower In Pre-Market Trade (ENTU | Quote | Chart | News | PowerRating)

(RealTimeTraders.com) 7/25/2005 7:52:37 AM Entrust Technologies Inc. (ENTU) climbed above Friday's range in the late afternoon and closed higher by 0.14 at $5.41. The stock closed challenging the upper end of a 3-week range at the highs of the year.

Entrust Technologies is now down 1.72 on 8K shares Monday morning on Instinet.

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