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Latest earnings news
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October 25, 2000: 7:35 p.m. ET
VeriSign, Oxford, Viacom beat forecasts; SCI on target; Newmont, Cambridge slip up
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NEW YORK (CNNfn) - VeriSign, and managed-care company Oxford Health Plans beat analysts' quarterly forecasts Wednesday, while SCI Systems was in line with lowered Wall Street expectations.
Earnings of oil producer Unocal came in just short of estimates. Newmont Mining blamed weak gold prices for lackluster third- quarter results and Cambridge Technology reported a downside surprise.
DuPont made lowered third-quarter targets but reiterated that full-year profit won't make the grade, while Viacom saw profits rise, even though analysts had expected a loss for the quarter from the entertainment company.
Radio broadcaster Infinity Broadcasting and food products and apparel maker Sara Lee met analysts' forecasts while consumer goods producer Clorox beat estimates.
The online financial news provider MarketWatch.com beat Street estimates, narrowing its third quarter loss.
Click here to see how the 30 stocks in the Dow Jones industrial average are faring.
VeriSign blows past estimate
VeriSign Inc. on Wednesday reported a third-quarter operating profit that was three times what Wall Street had expected. [Click here for more]
SCI hits mark
SCI Systems Inc., a leading supplier of electronics manufacturing services on a contract basis, reported fiscal first-quarter results Wednesday that were in line with expectations, but said that personal computer and cable television growth had slowed. [Click here for more]
Oxford profits double
Managed-care company Oxford Health Plans Inc. said Wednesday its third-quarter profits excluding special items more than doubled from the same year-ago quarter, beating Wall Street's expectations as improved medical and administrative costs buoyed results. [Click here for more]
Unocal slips up
Oil exploration and production company Unocal Corp. (UCL: Research, Estimates) said profits rose more than fivefold, just short of analysts' estimates, due to higher crude oil and natural gas prices. Unocal reported $228 million, or 92 cents a share, up from $44 million, or 19 cents a share, a year ago. Analysts polled by First Call/Thomson Financial had looked for 93 cents a share.
No shine on Newmont 3Q
North America's biggest gold mining company, Newmont Mining Corp. (NEM: Research, Estimates), blamed a weak gold price for a third-quarter loss.
The company reported a loss of $18.7 million, or 11 cents a share, compared with a net loss of $39 million, or 23 cents a share, a year earlier. Analysts polled by First Call/Thomson Financial had looked for 7 cents a share.
Cambridge delivers 3Q hit
Technology services company Cambridge Technology Partners Inc. (CATP: Research, Estimates) reported a net loss of $27.8 million, or 44 cents
a share, for the third quarter, versus $10.7 million, or 18 cents a share, in the year-earlier period. Analysts had expected the company to lose only 6 cents a share, according to First Call/Thomson Financial.
DuPont warns on 2000
Chemical maker DuPont Co. (DD: Research, Estimates) hit lowered profit forecasts for the third quarter but lowered guidance for full-year profit for the second time in two months Wednesday. [Click here for more]
Viacom a 3Q 'Survivor'
Entertainment conglomerate Viacom (VIA.B: Research, Estimates), which bought television network CBS earlier this year, posted a profit of $33 million, or 2 cents a share, due principally to higher amortization of goodwill resulting from the merger. [Click here for more]
Infinity 3Q in line
Infinity Broadcasting (INF: Research, Estimates) reported third-quarter revenue of $1.03 billion, or 10 cents a share, versus 13 cents a share on earnings of $619 million a year earlier. This quarter's earnings were in line with expectations; analysts polled by First Call/Thomson Financial had looked for 10 cents a share from the radio broadcaster.
Forrester beats Street
Forrester Research (FORR: Research, Estimates) reported earnings of 24 cents a share, versus 14 cents a share a year earlier. Analysts polled by First Call/Thomson Financial had expected the Internet research firm to report 21 cents a share.
Clorox 1Q profits clean up
Consumer products maker Clorox Co. (CLX: Research, Estimates) edged past fiscal first-quarter forecasts Wednesday and said it is on track for the full-year earnings forecasts. The Oakland, Calif.-based company earned $100 million, or 42 cents a diluted share, before a charge for change in accounting practices. [Click here for more]
Hilton Hotels ahead by penny
Hilton Hotels (HLT: Research, Estimates) reported earnings of 17 cents a share versus 19 cents a year ago. Analysts had expected 16 cents a share from the hotel operator.
Sara Lee in line
Sara Lee (SLE: Research, Estimates) reported earnings of 28 cents a share, in line with analysts' expectations. The food products and apparel maker reported 29 cents a share a year ago.
Marketwatch.com narrows loss
Online financial news provider MarketWatch.com said its third-quarter pro forma loss narrowed and revenues nearly doubled year over year, as growth in the licensing business outpaced growth in dot-com advertising spending.
MarketWatch.com's (MKTW: Research, Estimates) pro forma loss, excluding amortization of goodwill and intangibles and its share in the results of its European joint venture, narrowed to $5.8 million, or 34 cents a share, from a loss of $6.9 million, or 50 cents a share, a year ago.
VeriSign shreds estimates
VeriSign Inc. (VRSN: Research, Estimates) on Wednesday reported a third-quarter operating profit that was three times what Wall Street had expected. During the period ended Sept. 30, VeriSign said it earned $38.4 million, or 18 cents per share, excluding the amortization of goodwill and other intangibles. [Click here for more]
Anheuser-Busch meets 3Q
Anheuser-Busch Cos. (BUD: Research, Estimates) Inc., the No. 1 U.S. beer brewer, reported third-quarter earnings Wednesday that matched Wall Street expectations. For the quarter ended Sept. 30, the St. Louis-based maker of Budweiser reported operating income of $813 million, or 56 cents a share, compared with operating income of $742 million, or 49 cents a share in the year-earlier quarter. [Click here for more]
AT&T warns on 4Q profit
AT&T Corp. (T: Research, Estimates) edged past third-quarter earnings estimates but warned that fourth-quarter profit from operations will miss analysts' forecasts due to continued pricing pressure on its long-distance business. On the day the company announced it plans to split into four different business units, Charles Noski, the telecom company's chief financial officer, told analysts that operating earnings per share should be 29-to-33 cents a share. [Click here for more] 
-- Compiled from staff and wire reports
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