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Latest earnings news
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October 16, 2000: 10:02 p.m. ET
Network Associates, Millipore beat Street; Novellus, Altera hit the mark
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NEW YORK (CNNfn) - Network Associates and Millipore reported third-quarter earnings that beat Wall Street forecasts, while chip equipment maker Novellus Systems and semiconductor firm Altera were on target Monday, matching analysts' expectations for quarter financial results.
Electronics for Imaging met its third quarter estimates but warned of a fourth quarter earnings shortfall.
Bank of America surpassed analysts' estimates for its third quarter. Continental Airlines also flew high, thanks in part to a 16 percent revenue increase.
Polaroid missed its mark on the back of poor film sales. And auto parts manufacturer Eaton matched lowered forecasts for its third quarter.
Millipore crosses the mark
The maker of scientific products reported third-quarter earnings that rose 27 percent and beat analysts' expectations due to a strong performance in the company's Biosciences segment. Bedford, Mass.-based Millipore (MIL: Research, Estimates) on Monday said its net income was $28.7 million, or 61 cents a share, up 103 percent from 30 cents a share in the same period last year. That beat analysts' estimate of 58 cents a share, according to market research firm First Call/Thomson Financial. Revenue rose 27 percent to $239 million.
Network Associates blows past estimates
The Internet security solutions provider reported third-quarter earnings that beat analysts' expectations by three cents per share. Excluding non-cash interest expenses, amortization costs and compensation charges related to employee stock options, Santa Clara, Calif.-based Network Associates (NETA: Research, Estimates) earned 27 cents a share for the quarter ended Sept. 30, compared to 13 cents a share in the year-earlier quarter. That beat analysts' forecast of 24 cents a share for the quarter, according to a First Call. Revenue jumped 20 percent to $226 million.
Novellus matches Street
The chip equipment maker reported a third-quarter profit that was in line with Wall Street's expectations, on sales that more than doubled from the same period last year. [click here for full story]
Altera on target
The semiconductor maker reported third-quarter earnings that met analyst estimates on revenue that was slightly ahead of the company's previous forecast.[click here for full story]
Electronics for Imaging warns on 4Q
The computer printing technology company reported third-quarter profits that met Wall Street expectations, but warned that fourth-quarter earnings and revenue would fall far short of forecasts due to slack demand.[click here for full story]
Bank of America beats estimates
Bank of America Corp., the largest U.S. commercial bank, Monday reported third-quarter profits fell 15 percent due to a restructuring charge and a drop in the value of its auto-leasing portfolio. [click here for full story]
Continental Airlines flies high
The fifth-largest U.S. airline reported Monday that third-quarter earnings surged 56 percent to $2.24 a diluted share, surpassing Wall Street estimates. [click here for full story]
Polaroid misses the mark
The instant film and camera maker posted third-quarter profit Monday that fell far short of Wall Street forecasts and said it experienced some softness in film sales. [click here for full story]
Eaton beats lowered estimates
The industrial manufacturer reported a 6 percent decline in third-quarter profit Monday, beating lowered earnings forecasts, as weakness in its North American truck and auto markets cut into results. [click here for full story]
Alcan matches expectations
The world's second-largest aluminum maker said Monday its third-quarter profit rose on stronger volume and prices, meeting Street expectations for the quarter. But it warned of softening demand in certain markets. [click here for full story]
Columbia Energy trails forecasts
The operator of one of the largest natural gas transmission systems in the U.S. said third-quarter earnings were lower than expected due to higher interest expense and additional costs related to its fiber optics project. Columbia Energy (CG: Research, Estimates), which is set to close a takeover of NiSource Inc. on Nov. 1, reported third-quarter income from continuing operations of $19.5 million, or 24 cents per share. Analysts, surveyed by earnings tracker First Call, expected earnings per share of 29 cents 
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