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Bottom lines
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February 5, 1998: 8:52 p.m. ET
CNet disappoints; animation studio Pixar handily beats consensus
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NEW YORK (CNNfn) - As the quarterly earnings season winds down, several household names came in Thursday with lower-than-expected results. Here is a list of companies that have issued their earnings or are expected to release results. All reported per-share figures are diluted.
Avon Products (AVP)
Fourth-quarter earnings per share: $1.01
First Call estimated EPS: $1.00
Year-ago: 99 cents
Avon said net income rose 1 percent to $133.7 million in the fourth quarter from $132 million in the year-earlier period.
Marriott International (MAR)
Fourth-quarter EPS: 79 cents
Estimated EPS: 88 cents
Year-ago: 80 cents
Marriott reported net income of $108 million during the fourth quarter compared with $110 million during the same period a year earlier.
Quaker Oats (OAT)
Fourth-quarter EPS: 22 cents
Estimated EPS: 23 cents
Year-ago: 12 cents
Fourth-quarter operating income, excluding unusual items, increased 1 percent to $90.4 million from $89.3 million a year ago.
Rubbermaid (RBD)
Fourth-quarter EPS: 21 cents
Estimated EPS: 22 cents
Year-ago: 13 cents
Rubbermaid reported fourth-quarter net earnings of $31.8 million compared with $19.9 million in the year-ago period.
Electronic Data Systems (EDS)
Fourth-quarter EPS: 57 cents
Estimated EPS: 60 cents
Year-ago: 56 cents
Fourth-quarter earnings totaled $283.4 million, up from $272.8 million a year. For the year, EDS earned $941.6 million compared to $1 billion in 1996. 1997 earnings include a one-time charge of $329.6 million to cover the disposal of assets
Pixar (PIXR)
Fourth-quarter EPS: 9 cents
Estimated EPS: 1 cent
Year-ago: 10 cents
Net income declined to $4.4 million in the fourth-quarter compared to $4.7 million a year ago. Revenues climbed to $7.1 million from $6.5 million last year.
CNet (CNWK)
Fourth-quarter EPS: loss of 76 cents
Estimated EPS: loss of 42 cents
Year-ago: loss of 32 cents
Despite a 127 percent rise in revenues to $33.6 million, heavy development costs associated with new websites hit the bottom line. For the quarter, the company reported a loss of $10.7 million compared to a loss of $4.2 million a year ago. CNet this week signed a partnership with Bloomberg, L.P. to jointly develop a site catering to technology investors.
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