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Latest corporate results
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October 24, 2000: 7:18 p.m. ET
Xerox misses target; Pfizer, Hershey, Qwest, PG&E, Texaco beat forecasts
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NEW YORK (CNNfn) - Xerox Corp. reported on Tuesday a loss for the latest quarter while Exxon Mobil, Texaco, Pfizer, Hershey, Colgate-Palmolive and the California utility PG&E, and more beat Wall Street forecasts.
Click here to see how the 30 stocks in the Dow Jones industrial average are faring.
Excite meets Street
Internet access company Excite@Home (ATHM: Research, Estimates) posted on Tuesday a third-quarter loss that matched Wall Street expectations, amid strong growth in subscribers to its high-speed service. Redwood City, Calif.-based Excite@Home, a high-speed Internet-access provider that also develops Web content, reported a pro forma loss of $41.6 million, or 10 cents per share. [Click here for more]
Compaq beats the Street
Compaq Computer Corp. (CPQ: Research, Estimates) on Tuesday reported a third-quarter profit of 30 cents per share, exceeding Wall Street's expectations as sales rose higher than expected. After the close of trading, Compaq said it earned $550 million, or 32 cents per share, during the period ended Sept. 30. [Click here for more]
Nortel beats Street
Nortel Networks Corp. (NT: Research, Estimates) beat Wall Street's earnings forecasts by a penny per share Tuesday with an 83 percent surge in third-quarter operating profit, but the telecom equipment maker's shares slid in after-hours trading after revenue figures fell short of projections. Nortel earned $574 million, or 18 cents per diluted share, up from $314 million, or 11 cents per share, in the year-earlier quarter. [Click here for more]
Amazon beats estimates
The Web retailing giant Amazon.com (AMZN: Research, Estimates) reported a third-quarter loss Tuesday that was narrower than analysts had expected, as its sales rose a more-than-expected 79 percent. For the third quarter ended Sept. 30, Amazon reported a pro forma operating loss of $68 million, or 25 cents per share. [Click here for more]
Pfizer profit jumps 30%
Pfizer (PFE: Research, Estimates) saw third-quarter profit jump 30 percent, helping the biggest U.S. drug maker top Wall Street forecasts by 2 cents a share, while rival Schering-Plough met expectations. [Click here for more]
Oil profits top forecasts
Three of the nation's biggest oil companies, Exxon Mobil (XOM: Research, Estimates), Texaco and Chevron, all reported third-quarter profits that topped forecasts, benefiting from higher oil prices. [Click here for more]
Hershey posts sweet 3Q
Hershey Foods Corp. (HSY: Research, Estimates) said Tuesday its third-quarter earnings rose 23 percent, beating the average analysts' forecast, boosted by strong back-to-school and Halloween demand for candy. [Click here for more]
Higher costs force Goodyear loss
Goodyear Tire and Rubber Co. (GT: Research, Estimates) reported a wider-than-expected third-quarter loss Tuesday as higher costs for raw materials and the falling value of the euro deflated the company's bottom line. [Click here for more]
Colgate profits rise
Colgate-Palmolive (CL: Research, Estimates), maker of soap, toothpaste and other products, earned 44 cents a share in the latest quarter, a penny above Wall Street forecasts, and up from 38 cents a share a year earlier.
Blockbuster profits up 3%
Blockbuster Inc. (BBI: Research, Estimates) said third-quarter earnings, excluding one-time items, rose 3 percent, beating Wall Street expectations, on growth in video rentals and international operations. The biggest U.S. video retailer earned 13 cents a share, excluding write-offs for intangible assets, versus 14 cents a share a year earlier. Wall Street on average expected profits of 10 cents a share, according to research firm First Call. [Click here for more]
Ameritrade posts small profit
Ameritrade Holding Corp. (AMTD: Research, Estimates) reported a small quarterly profit compared with a year-earlier loss as its customers' stock trading activity doubled. The No. 5 U.S. Internet broker earned $286,000, or breakeven per share, for its fiscal fourth quarter ended last month, versus a net loss of $9.2 million, or 5 cents a share, a year earlier. Wall Street forecasts called for a loss of 3 cents a share. [Click here for more]
Qwest beats Street
Telephone and data services company Qwest Communications International Inc. (Q: Research, Estimates) said its third-quarter operating profit rose 18.5 percent amid strong growth in data and Internet sales. [Click here for more]
Tyco comes in ahead
Tyco International Ltd. (TYC: Research, Estimates), a diversified manufacturing and services company, reported fiscal fourth-quarter earnings of 64 cents a share, up from 46 cents a share a year earlier and above Wall Street forecasts of 63 cents a share. [Click here for more]
PG&E earnings advance
PG&E Corp (PCG: Research, Estimates) -- parent of California's largest utility, Pacific Gas and Electric -- reported third-quarter profit of 62 cents a share, up from 50 cents a share a year earlier and above forecasts of 61 cents a share tallied by First Call.
Snap-On 3Q profit down
Snap-On Inc. (SNA: Research, Estimates), a maker of hand tools and auto repair products, reported a 27 percent decline in third-quarter profits Tuesday that met revised forecasts as results were hurt by weakness in the euro and the vehicle repair industry. Net income in the quarter ended Sept. 30 fell to $26.9 million, or 46 cents a share, from $36.6 million, or 62 cents, a year earlier. [Click here for more]
marchFIRST plunges
marchFIRST Inc. (MRCH: Research, Estimates) saw its stock plummet almost 60 percent Tuesday after the Internet consulting company missed third-quarter earnings expectations by 19 cents a share. In Tuesday afternoon trading, marchFIRST spiraled down $6.88, or 58 percent, to $4.94, recovering slightly from its earlier low in the day $4.75. [Click here for more]
Xerox 3Q disappoints
Xerox Corp. (XRX: Research, Estimates) Tuesday posted its first quarterly loss in 16 years, prompting the troubled copier company to disclose a brash turnaround plan that includes cutting more jobs, selling its stake in several of its businesses and wrapping up its once-lucrative sales and financing unit. [Click here for more]
MGM beats Street
Metro-Goldwyn-Mayer Inc. (MGM: Research, Estimates) reported third-quarter profits Tuesday that significantly exceeded Wall Street expectations, driven by strong performance of films in current theatrical release and those in its vast library. The Santa Monica, Calif.-based company, home to the James Bond franchise, said its net income rose to $27.1 million, or 13 cents a share, from $10.3 million, or 7 cents, a year earlier. [Click here for more]
Newell Rubbermaid warns
Consumer products maker Newell Rubbermaid Inc. (NWL: Research, Estimates) became the latest company Tuesday to lower earnings guidance for the fourth quarter and next year, even as it was reporting a record third-quarter profit that met expectations. The company said that a weakening of sales that began at the end of September and continued through this month led the company to project fourth-quarter earnings of 43 to 48 cents a share. [Click here for more]
-- compiled by Tanya Helenius, Joseph Lee and Lucy Banduci from staff and wire reports
First Call earnings reports
CNNfn: earnings warnings
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