CNNfn after the bell
|
|
May 4, 1999: 6:46 p.m. ET
Egghead scrambles by Street; Playboy loses 5 cents a share
|
NEW YORK (CNNfn) - The eggs went over easy, but the bunny had a tough time Tuesday after Wall Street closed its doors.
Online software retailer Egghead.com Inc. (EGGS) cracked Wall Street estimates with better than expected fourth-quarter earnings. The Vancouver, Wash.-based company reported a net loss of $12.8 million or 50 cents per share, beating First Call's estimates of 56 cents per share loss. This compares with a net loss of $35 million or $1.51 per share in the year ago period.
The company reported total revenues of $42.3 million for the fourth quarter compared to $26.6 million in the year ago period. During the holiday quarter, the company saw $41.9 million in revenues.
The fiscal year 1999 net loss was $34.4 million or $1.40 per share compared to $50.2 million or $2.40 per share for the fiscal year 1998.
Playboy Enterprises Inc. (PLA) reported a net loss of $1 million or 5 cents per basic and diluted share, compared to net income of $0.1 million or zero cents per share in the year ago period. The company's quarterly earnings are not covered by First Call.
The company reported an operating loss of $2 million in the first quarter of 1999, compared to operating income of $1.2 million in the previous year's quarter. Revenues in the 1999 first quarter were $73.6 million, up from $71.8 million in the year ago period.
Newbridge Networks Corp. (NN) warned that fourth-quarter results would be disappointing due to difficulty in managing the supply line. The Canadian company said fourth-quarter revenue is expected to be $460 million with operating earnings reaching 12 to 14 cents. Analysts surveyed by First Call Corp. had been looking for earnings of 21 cents per share supplier of computer-networking equipment and services.
Circle International Group Inc. (CRCL) matched analysts' first-quarter estimates of 11 cents on net income of $1.9 million. The results compared to first quarter 1998 earnings of $5.4 million or 31 cents per share.
Without Y2K costs, which were $3.2 million; information technology upgrade expenses of $1.4 million, net income for the 1999 first quarter would have been $5.3 million or 31 per share. Revenues for the first quarter were $182.9 million, up 11 percent compared to $165.4 million for the same period last year.
American Medical Security Group Inc. (AMZ) beat Wall Street estimates by 1 cent, reporting net income of $3 million or 18 cents per share. This tops First Call's estimates of 18 cents per share and exceeds by 28 percent the income from continuing operations of $2.3 million or 14 cents per share reported for the same quarter of 1998. Total revenues were $274.1 million, up 11.5 percent from $245.8 million.
|
|
|
|
|
|