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CNNfn after the bell
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December 14, 1998: 5:43 p.m. ET
Bonded Motors calls off secondary offering, Samsonite posts loss
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NEW YORK (CNNfn) - Corporate America took a breather from its usual flurry of after-market announcements Monday, but a handful of companies still managed to post earnings announcements, profit warnings and a small acquisition.
Samsonite Corp. (SAMC) late Monday reported revenue of $199.1 million and a net loss of $3.4 million, or 33 cents per share on a diluted basis, for the third quarter ended Oct. 31.
In the year-ago period, Samsonite had revenue of $211.1 million and income before extraordinary items of $23.5 million, or $1.11 per share on a diluted basis. The net loss for the latest quarter, includes the accrual of $6.4 million of preferred stock dividends.
Shiloh Industries, Inc. (SHLO), a steel processor for the automotive, heavy truck, and heating and air conditioning industries, also reported net income of $1.8 million, or 14 cents per share for the fourth quarter ended Oct. 31, down significantly from $5.5 million, or 42 cents per share last year.
Revenue totaled $79 million for the quarter compared with $72.4 million last year.
In other sector news, pharmaceutical services company Quintiles Transnational Corp. (QTRN) late Monday agreed to buy one of five drug research development centers owned by Hoescht-Marion, the pharmaceuticals arm of German Hoechst AG (HOEG), for $93 million.
Hoechst said this is not part of its on-going effort to merge its life sciences business with French drug maker Rhone-Poulence S.A. (RHON).
In a report likely to drag down its stock at the opening bell Tuesday, Fresh Del Monte Produce Inc.(FDP) said it expects fourth-quarter results to be about the same as last year, but below analysts' expectations.
At the same time, Bonded Motors Inc. (BMTR) canceled a previously planned secondary stock offering and said it will take a $300,000 fourth quarter charge to cover expenses related to the now-canceled offering. The company also warned it expects fourth-quarter earnings to fall below Wall Street's expectations.
Lastly, Network software provider Novell, Inc. (NOVL) said it invested more than $9 million in minority equity positions in five network software companies.
Through its $50 million Internet Equity Fund, Novell took stakes in enCommerce Inc., NetObjects Inc., ObjectSpace Inc., Oblix Inc., and Orbital Technologies Inc, Novell said in a statement. 
--from staff and wire reports
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