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Reply #91: Lucent, Alcoa fall during late trading, WD-40 shares also dip [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-10-06 04:56 PM
Response to Reply #81
91. Lucent, Alcoa fall during late trading, WD-40 shares also dip
http://www.marketwatch.com/News/Story/Story.aspx?dist=n...

SAN FRANCISCO (MarketWatch) -- Lucent Technologies Inc. shares dropped during Monday's evening-trading session after the telecom-equipment maker said that fiscal third-quarter earnings would come in at half the level expected by analysts.

Alcoa Inc. shares declined too after the world's largest aluminum maker reported second-quarter earnings that matched analysts' expectations.

WD-40 Co. also fell after the lubricant company gave a fiscal full-year forecast that was below Wall Street's estimates. Key Tronic Corp. surged after lifting earnings estimates.

Lucent (LU : 2.34, -0.03, -1.3% ) lost 6% to $2.20. The company, which agreed to merge with French rival Alcatel (ALA : 12.30, -0.13, -1.0% ) in April, said that it sees third-quarter income of 2 cents a share. Analysts polled by Thomson First Call had expected per-share earnings of 4 cents.

The company also forecast third-quarter revenue of $2.04 billion, below analyst estimates.

<snipping back to Alcoa>

Income from continuing operations totaled $752 million, or 86 cents a share, matching the number analysts surveyed by Thomson First Call had expected. Quarterly revenue at Alcoa (AA : 33.41, -0.14, -0.4% ) fell slightly short of Wall Street estimates. See full story.

...more...
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  -STOCK MARKET WATCH, Monday 10 July ozymandius  Jul-10-06 04:52 AM   #0 
  - WrapUp by Tim W. Wood  ozymandius   Jul-10-06 04:55 AM   #1 
  - Today's Reports  ozymandius   Jul-10-06 04:57 AM   #2 
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  - U.S. wholesale inventories up 0.8% in May  UpInArms   Jul-10-06 09:43 AM   #49 
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  - Oil prices fall below $74 a barrel  ozymandius   Jul-10-06 04:59 AM   #3 
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  - Gas prices up nearly 11 cents in 2 weeks  ozymandius   Jul-10-06 05:03 AM   #5 
  - 3.08 a gallon here in northern MI  JNelson6563   Jul-10-06 06:42 AM   #11 
     - Paid $3.25 at my local Citgo  Paulie   Jul-10-06 08:36 AM   #27 
        - $3.17 in DuPage Co yesterday  TOJ   Jul-10-06 09:09 AM   #37 
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  - Asia going nuclear amid rising oil prices  54anickel   Jul-10-06 08:57 AM   #33 
  - I've really had my head in the sand about  BareNakedLiberal   Jul-10-06 10:37 AM   #57 
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     - Take good care GD. Hope to see you back soon. eom  54anickel   Jul-10-06 09:05 AM   #36 
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  - hate them, eh? Well, I guess that I'm going  BareNakedLiberal   Jul-10-06 10:52 AM   #61 
     - Then you spend 2 hrs in the store Cherry picking  RawMaterials   Jul-10-06 02:09 PM   #77 
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  - Still a steady leak. DJIA virtually unchanged now. Up 1.30  Roland99   Jul-10-06 01:45 PM   #71 
     - Yep  stop the bleeding   Jul-10-06 01:49 PM   #72 
  - Aon names Gen. Richard Myers to board (revolving door report)  UpInArms   Jul-10-06 01:53 PM   #73 
  - 3:03 EST numbers and blather  UpInArms   Jul-10-06 02:04 PM   #76 
  - A little late-day faerie dust for the Dow. Up almost 30 now.  Roland99   Jul-10-06 02:27 PM   #78 
  - "Sellers continue to show their resolve..."  RUMMYisFROSTED   Jul-10-06 02:35 PM   #79 
  - Closing numbers: And Alcoa posts 62% jump in profits (should be fun tom.)  Roland99   Jul-10-06 03:07 PM   #80 
     - something bad just happened to Alcoa  stop the bleeding   Jul-10-06 03:14 PM   #81 
     - Hmm....not sure what. Article on Alcoa news >>>>  Roland99   Jul-10-06 03:37 PM   #82 
     - I don't know - earnings call is at 5pm EST  stop the bleeding   Jul-10-06 03:44 PM   #83 
     - Alcoa drops 3.2 pct after revenue miss  54anickel   Jul-10-06 04:09 PM   #86 
        - Higher profits on lower revenue. Isn't that usually good? Low costs?  Roland99   Jul-10-06 04:12 PM   #88 
           - Missed the Streets estimate - better article here (I added to OP)  54anickel   Jul-10-06 04:14 PM   #89 
              - 0.75% off street estimates.  Roland99   Jul-10-06 05:31 PM   #92 
     - Lucent, Alcoa fall during late trading, WD-40 shares also dip  UpInArms   Jul-10-06 04:56 PM   #91 
     - Blather, if anyone is interested  54anickel   Jul-10-06 03:58 PM   #84 
        - Energy sector forecast to be up 25%. *25%* !!!!  Roland99   Jul-10-06 04:11 PM   #87 
 

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