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Spanish-language broadcasters hit after Hispanic Broadcasting warns; Amazon up
NEW YORK (CNNfn) - Hispanic Broadcasting cast a pall over other Spanish-language broadcasters after the company warned of lower-than-expected revenue for its fiscal fourth quarter.|
Amazon.com moved up after-hours Monday after the online retailer reporter an increase in sales in its fourth quarter.
Monday's after-hours losers
Hispanic Broadcasting (HSP: Research, Estimates) down $1.50 to $22.38. Univision (UVN: Research, Estimates) unchanged at $43.81. Deutsche Banc Alex. Brown downgraded the Spanish-language broadcasters to "buy" from "strong buy." Hispanic Broadcasting warned Sunday that its fourth-quarter revenue and cash flow would be below expectations.
Monday's after-hours newsmakers
Amazon.com (AMZN: Research, Estimates) up 22 cents to $15.16. The online retailer said on Monday that sales for the crucial fourth quarter rose more than 40 percent to $960 million, while its pro forma operating loss shrank.
Time Warner (TWX: Research, Estimates) unchanged at $60.64. Jessica Reif Cohen of Merrill Lynch said Monday Time Warner's fourth-quarter earnings should come in at 13 cents a share, compared with 20 cents a year ago. Cohen previously projected earnings of 19 cents a share. Cohen cited increases in interest expense and digital media spending. Time Warner is the parent company of CNNfn.
Cisco Systems (CSCO: Research, Estimates) up 35 cents to $36.88, Intel (INTC: Research, Estimates) up 37 cents to $32.31. Oracle (ORCL : Research, Estimates) unchanged at $29.94† BEA Systems (BEAS: Research, Estimates) up $2.19 to $48.63, America Online (AOL: Research, Estimates) up 91 cents to $40.94. A number of big-name technology stocks continued to suffer after Friday's sell-off.
SAP (SAP: Research, Estimates) down 13 cents to $36. Europe's biggest software maker said its fourth-quarter performance was stronger than expected.
Versata (VATA: Research, Estimates) down 6 cents to $3.75. The software provider said it expects to report a fourth-quarter loss, wider than Wall Street expectations, due to slowing sales.
Drugstore.com (DSCM: Research, Estimates) unchanged at $2.16 The online pharmacy said fourth-quarter sales would surpass Wall Street forecasts.
Dell Computer (DELL: Research, Estimates) up 6 cents to $19.19. Bear Stearns cut its fiscal 2001 and 2002 earnings estimates for the computer maker, reflecting lower sales and margins.
Tut Systems (TUTS: Research, Estimates) unchanged at $5.84. The broadband systems access provider warned it would post lower-than-expected fourth-quarter results, citing tight capital markets and slowing orders in the telecommunications industry.
New Era of Networks (NEON: Research, Estimates) down 3 cents to $3.06. The software company said late Friday it expects to record a loss of about 35 cents per share for the fourth quarter -- far weaker than analysts' estimates of a profit -- and will take a restructuring charge in the quarter.
Exabyte (EXBT: Research, Estimates) up 41 cents to $2.75. The network backup systems provider fell despite saying it expected fourth-quarter pretax loss per share to be at least 20 percent narrower than a year earlier.
AmeriTrade (AMTD: Research, Estimates) down 19 cents to $8.44. The online stock-trading company said it will lay off about 9 percent of its work force, due to a decrease in market volume in recent months.
USG (USG: Research, Estimates) unchanged at $21.31. Goldman Sachs analyst Christopher Winham cut his outlook for the gypsum wallboard maker's earnings per share.
VerticalNet (VERT: Research, Estimates) up 12 cents to $4.03. The provider of business-to-business online commerce centers named company co-founder Michael Hagan as its new president and chief executive, replacing Joseph Galli, who is headed for Newell Rubbermaid (NWL: Research, Estimates).
Salton Inc (SFP: Research, Estimates) down 10 cents to $18.84. The maker of George Foreman indoor grills on Monday warned that its second-quarter net sales would be weaker than expected and would be down from a year earlier as the soft retail environment took away some of the company's punch.
COR Therapeutics (CORR: Research, Estimates) unchanged at $31.19. The pharmaceutical confirmed consensus estimates of a "slight profit" in the fourth quarter and that the 2000 sales of its Integrilin drug would be within previous guidance.
US Airways Group (U: Research, Estimates) unchanged at $44. AMR (AMR: Research, Estimates),the parent of American Airlines, is negotiating to buy the assets of Trans World Airlines (TWA: Research, Estimates) and some assets resulting from a proposed merger of UAL (UAL: Research, Estimates) and US Airways, according to published reports.
Ciphergen Biosystems (CIPH: Research, Estimates) up 56 cents to $8.88. The company, which makes biochips that enable researchers to understand diseases, said its fourth-quarter revenue will be 10 to 15 percent below its earlier expectations.
Aclara BioSciences (ACLA: Research, Estimates) up 6 cents to $13.75. Caliper Technologies (CALP: Research, Estimates) said Sunday it and scientific-instrument maker Aclara BioSciences had settled patent lawsuits pending between them.
Standard Commercial (STW: Research, Estimates) closed up $1.19 at $719. First Union Securities upgraded the tobacco merchant to "strong buy" from "buy."
-- compiled by Mark Gongloff and Parija Bhatnagar from staff and wire reports