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Futures Drift Up Slightly - U.S. Commentary
($COMPX | Quote | Chart | News | PowerRating)
(RealTimeTraders.com)
With traders continuing to devour the feast of earnings news, the futures have
improved slightly over the past hour, but they are still fairly close to the
flat line.
DaimlerChrysler (DCX) revealed that Jurgen Schrempp, Chairman of its Board of
Management, will leave the company at the end of 2005, with Dieter Zetsche, head
of the Chrysler group, taking over his position. Tom LaSorda will become head of
the Chrysler unit. The company also reported a second-quarter profit of $0.88
per share, compared to $0.69 per share last year.
Bristol-Myers Squibb (BMY) announced a second-quarter non-GAAP profit of $0.47
per share, up from $0.46 per share last year. Wall Street analysts had expected
earnings to dip to $0.36 per share. For the full year, the company projected a
profit at the upper end of its previously given guidance range of $1.35-$1.45
per share.
Meritage Homes Corp. Topped The Q2 Consensus
- Stock To Watch (MTH | Quote | Chart | News | PowerRating)
(RealTimeTraders.com)
Meritage Homes Corp. (MTH) reported second quarter EPS of $2.05 after the
bell on Wednesday, which beat the consensus estimate of $1.73. The company
expects to report third quarter EPS of $2.20 to $2.30 and full year EPS of $7.75
to $8.00. The consensus estimates are for EPS of $2.04 and $7.95 respectively.
Meritage Homes Corp. traded in a range for the bulk of Wednesday's session and
closed unchanged at $84.70. The stock finished at the lower end of a 2-week
range at the highs of the year.
Pulte Homes Beat The Q2 Consensus - Stock To
Watch (PHM | Quote | Chart | News | PowerRating)
(RealTimeTraders.com)
Pulte Homes (PHM) reported second quarter EPS of $2.30 after the bell on
Wednesday, which topped the consensus estimate of $2.09. The company increased
its full year 2005 EPS guidance to between $10.00 and $10.50, compared to the
consensus estimate of $10.13. The company's Board of Directors also declared a
2-for-1 stock split in the form of a 100% stock dividend.
Pulte Homes climbed to the upside in the final 2 hours of Wednesday's session
and closed higher by 0.94 at $92.65. The stock finished near the middle of a 2
1/2 week range at the highs of the year.
Express Scripts Inc. Exceeded The Q2
Consensus - Stock To Watch (ESRX | Quote | Chart | News | PowerRating)
(RealTimeTraders.com)
Express Scripts Inc. (ESRX) reported second quarter EPS of $0.60 after
the close on Wednesday, which beat the consensus estimate of $0.57. Full year
EPS is expected to come in between $2.37 and $2.42, compared to the consensus
estimate of $2.33.
Express Scripts Inc. pulled back in the first 30 minutes of Wednesday's session
and closed lower by 0.42 at $48.57. The stock finished near the lower end of a
narrow, week and a half long range.
Celgene Corp. Is Heading Higher On Q2 Results (CELG | Quote | Chart | News | PowerRating)
(RealTimeTraders.com)
Celgene Corp. (CELG) reported second quarter EPS of $0.17 Thursday
morning, compared to the $0.07 reported last year. The consensus estimate was
for EPS of $0.14. The stock is now up 1.60 on 13K shares on Instinet.
Celgene Corp. moved to the downside at the open of Wednesday's session, before
settling into a range, to close down by 0.20 at $47.27. The stock closed near
the middle of a 2-week range at the highs of the year.
Andrew Corp. - UPDATE - Pulling Back
Following Q3 Miss (ANDW | Quote | Chart | News | PowerRating)
(RealTimeTraders.com)
We alerted readers at 7:16 that Andrew Corp. (ANDW) reported third quarter EPS
of $0.08, which fell short of the consensus estimate of $0.13. Fourth quarter
EPS is expected to come in between $0.04 and $0.07, including intangible
amortization costs of approximately $0.02 per share. The stock is now down 2.49
on 17K shares Thursday morning on Instinet.
Andrew Corp. climbed to the upside in the later half of Wednesday morning and
finished higher by 0.66 at $13.93. The stock rose to a 7 1/2 month high.
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