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Latest earnings news
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July 31, 2000: 6:51 p.m. ET
Expedia, Union Carbide, Storage Tech, Baker Hughes beat forecasts; BN.com, Computer Sciences miss targets
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NEW YORK (CNNfn) - - Expedia reported a fourth-quarter loss that beat analysts' expectations Monday, while Union Carbide said its earnings nearly doubled.
Barnesandnoble.com, Storage Technology and Baker Hughes also beat Wall Street forecasts - with BN.com posting a much wider-than-expected loss.
Tyson Foods' profit fell from the comparable quarter last year, but matched analysts' expectations. Computer Sciences missed Wall Street expectations by a hair.
Computer Sciences misses the mark
Computer Sciences Corp. (CSC: Research, Estimates) reported a fiscal first-quarter profit that missed analysts' expectations by a penny. The company said it earned $96 million, or 56 cents per share, during the period ended June 30. That's up 13.5 percent from the same period last year, but just shy of the 57 cents per share analysts polled by earnings tracker First Call/Thomson Financial had expected from the company.[click here for full story]
BN.com posts wide loss
Barnesandnoble.com reported a much wider second-quarter net loss than expected, despite a surge in revenue. The New York-based online division of the book giant Barnes and Noble Inc. (BKS: Research, Estimates) posted a pro forma net loss of $39 million, or 27 cents a share, compared with a pro forma net loss of $22 million, or 17 cents a share in the year-ago quarter. Analysts had expected a loss of 18 cents a share for the company, which has been competing with larger rival Amazon.com for market share, according to First Call.[click here for full story]
 Expedia 4Q loss beats Street
Online travel service Expedia Inc. reported a fourth-quarter loss before special items that was far narrower than Wall Street expectations, buoyed by a sharp jump in revenue. Expedia (EXPE: Research, Estimates), which is majority owned by Microsoft Corp., said its pro forma loss, before special items, was $13.1 million, or 30 cents a share, versus a pro forma loss of $13.5 million a year ago. The company went public in October of 1999, and does not have comparable share data for the previous year.
Wall Street analyst has expected the company to report a loss of 47 cents a share, according to First Call.[click here for full story]
Union Carbide earnings double
Union Carbide Corp. (UK: Research, Estimates), in what could be its last report as an independent company, posted earnings of $119 million, or 86 cents a share, for the second quarter. That edged past the forecast of analysts surveyed by First Call of 85 cents a share, and more than doubled the $54 million, or about 40 cents a share, it earned in the year-earlier period. [click here for full story]
Tyson falls, but meets Street
Tyson Foods Inc. (TSN: Research, Estimates), the nation's biggest chicken processor, reported fiscal third-quarter earnings of $40 million, or 18 cents a share, compared with $68.4 million, or 30 cents a share, in the year-earlier period. First Call expected the company to earn 18 cents a share.
Storage Tech turns profit
Data-storage company Storage Technology Inc. (STK: Research, Estimates) reported second-quarter earnings of $8.7 million, or 9 cents a share, compared with a loss of $38.5 million, or 38 cents a share, a year earlier. First Call expected the company to earn 5 cents a share. [click here for full story]
Baker Hughes
Baker Hughes Inc. (BHI: Research, Estimates), the world's No. 3 oilfield services company, reported net income before one-time items of $41 million, or 12 cents a share, compared with $22.8 million, or 7 cents a share, in the year-earlier period. First Call expected the company to earn 7 cents a share. [click here for full story]
-- compiled by Mark Gongloff and Parija Bhatnagar from staff and wire reports
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