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Markets & Stocks
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Stocks to watch Tuesday
Novell shares up slightly in after-hours trade as the software maker reversed a year-ago 1Q loss.
February 23, 2004: 5:39 PM EST

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.

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Netflix Incorporated
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Chesapeake Energy Corporation

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.  Top of page


--from staff and wire reports




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.