NEW YORK (CNN/Money) -
With a slew of earnings news streaming in this week, investors will be looking to see which companies have been turning a profit and which ones have been generating wider losses.
Novell Inc. (NOVL: Research, Estimates) said late Monday it reversed a year-ago first-quarter loss, earning $10 million, or 3 cents a share, compared with a net loss of $12 million, or 3 cents, from the previous period.
Revenue rose to $267 million from $260 million during the same period.
The news boosted the software maker's shares 1.7 percent higher to $11.40 on INET electronic brokerage from its $11.21 Nasdaq closing price.
Online movie rental company Netflix Inc. said because of higher marketing costs it now expects to post a wider first-quarter net loss of $5.6 million to $8.1 million, versus the $1.2 million to $3.7 million loss it predicted earlier.
Excluding charges, the Los Gatos, Calif. company says it will post a loss of $900,000 to $3.4 million.
Netflix (NFLX: Research, Estimates) shares rose 2.5 percent to $35.90 on INET after closing at $35.02 on the Nasdaq.
Shares of Odyssey Healthcare Inc. fell after the bell as the company predicted its 2004 and first-quarter earnings per share would fall below Wall Street's estimates.
The hospice care provider expects to earn 20 cents to 22 cents per share for its first-quarter and $1.03 to $1.05 for the full 2004 fiscal year. Analysts surveyed by Reuters Research expect Odyssey Healthcare to earn 25 cents per share in the first-quarter and $1.09 a share for the full year.
Odyssey Healthcare (ODSY: Research, Estimates) shares fell to $24.30 on the INET electronic brokerage system from a close at $27.43 on Nasdaq.
Natural gas producer Chesapeake Energy Corp. posted a higher fourth-quarter profit of $62.4 million, or 25 cents a share, compared to a profit of $23.7 million, or 13 cents a share, in the year earlier period.
Chesapeake Energy (CHK: Research, Estimates) shares closed at $12.54 on the New York Stock Exchange.
Earnings will continue to flow in Tuesday with quarterly results from Home Depot (HD: Research, Estimates), Federated Department Stores (FD: Research, Estimates), HJ Heinz Co. (HNZ: Research, Estimates) and Smithfield Foods (SFD: Research, Estimates) scheduled before the bell and Weight Watchers (WTW: Research, Estimates) and H & R Block (HRB: Research, Estimates) reporting after the markets close.
Looking ahead, Midway Games (MWY: Research, Estimates) will release its earnings Wednesday and retailers JC Penney (JCP: Research, Estimates), Limited (LTD: Research, Estimates), Gap Inc. (GPS: Research, Estimates), Kohl's (KSS: Research, Estimates) will present their quarterly figures Thursday.
--from staff and wire reports
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