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  • Today - Tuesday, May 21, 2013

  • CSS
    4:54 PM CSS Industries (CSS) declares $0.15/share quarterly dividend, in line with previous. Forward yield 1.94%. For shareholders of record June 05. Payable June 17. Ex-div date June 03. (PR) [Dividends] Comment!
  • MTSC
    4:54 PM MTS Systems (MTSC) declares $0.30/share quarterly dividend, in line with previous. Forward yield 2.03%. For shareholders of record June 10. Payable July 01. Ex-div date June 06. (PR) [Dividends] Comment!
  • MDLZ
    4:54 PM Mondelez International (MDLZ) declares $0.13/share quarterly dividend, in line with previous. Forward yield 1.68%. For shareholders of record July 01. Payable July 15. Ex-div date June 27. (PR) [Dividends] Comment!
  • WRB
    4:53 PM W. R. Berkley (WRB) declares $0.10/share quarterly dividend, 11% increase from prior dividend of $0.09. Forward yield 0.96%. For shareholders of record June 11. Payable July 02. Ex-div date June 07. (PR) [Dividends] Comment!
  • KRFT
    4:53 PM Kraft Foods Group (KRFT) declares $0.50/share quarterly dividend, in line with previous. Forward yield 3.53%. For shareholders of record June 28. Payable July 12. Ex-div date June 26. (PR) [Dividends] Comment!
  • ALOT
    4:52 PM Astro-Med (ALOT) declares $0.07/share quarterly dividend, in line with previous. Forward yield 2.64%. For shareholders of record June 14. Payable July 1. Ex-div date June 12. (PR) [Dividends] Comment!
  • ADI, INTU
    4:51 PM Tech guidance roundup: 1) Analog Devices (ADI - earnings) expects FQ3 revenue of $655M-$685M and EPS of $0.51-$0.56, below a consensus of $688.3M and $0.58. 2) Intuit (INTU - earnings) expects FQ4 revenue of $702M-$727M and EPS of $0.03-$0.07, largely below a consensus of $726.7M and $0.11. 3) Compuware (CPWR - earnings) expects FY14 revenue of $1B and GAAP EPS of $0.35-$0.37; consensus is for revenue of $1.01B and non-GAAP EPS of $0.42. ADI -1.3% AH. INTU +0.5%. CPWR +0.9%. (Analog Devices PR) (Intuit PR) (Compuware PR) [Tech, Earnings] Comment!
  • LO
    4:30 PM Lorillard (LO) says its board has authorized and additional $500M to its share repurchase program, bringing the aggregate amount up to $1B of its outstanding stock. The original $500M share repurchase program was announced on March 8. Purchase decisions will be as determined by company management. [Consumer] Comment!
  • NTAP
    4:30 PM More on NetApp: $1B in buybacks promised over next 4 months, $2B over next 12 months; FQ4 buybacks totaled $180M. Company is cutting 900 jobs (~7% of workforce) in restructuring (Piper predicted 1,300), expects to take $50M-$60M in pretax charges. NetApp claims "double-digit growth in branded bookings," which suggests OEM sales (to IBM?) are weak. FQ4 product revenue (66% of total) -2% Y/Y, software/maintenance +6%, services +8%. Gross margin was 61.2%, +160 bps Y/Y. FQ1 guidance likely to stoke share loss worries. NTAP +2.1% AH. (PR) [Tech, Earnings] 1 Comment
  • UAN, CVI
    4:28 PM CVR Partners (UAN) -3.3% AH after announcing a secondary offering of 12M common units by CVR Energy (CVI). UAN will receive no proceeds from the offering. [Energy] Comment!
  • DY
    4:25 PM Dycom (DY): FQ3 EPS of $0.21 beats by $0.04. Revenue of $437.4M beats by $27.2M. (PR) [Earnings, Breaking News] Comment!
  • CPWR
    4:20 PM Compuware (CPWR): Q1 EPS of $0.26 beats by $0.21. Revenue of $239.9M beats by $0.22M. Shares +3.2% AH. (PR) [Earnings, Breaking News, Tech, On the Move] Comment!
  • HLF
    4:18 PM Herbalife's (HLF +2.7%) naming of PricewaterhouseCoopers as its new outside auditor puts an end to a six-week search, which turned out to be an unusually difficult and drawn out process - the company actually had to seek counsel from the SEC to avoid conflict of interest issues - and was intensely scrutinized because of the bitter public battle between Ackman and Icahn over HLF's business model. The news is a positive for the shares today, if only because the company has been blocked temporarily from raising money in the markets because of its lack of an auditor. [Healthcare, Consumer, Global & FX, On the Move] Comment!
  • SKS
    4:13 PM Saks (SKS +11.1%) has hired Goldman to explore strategic alternatives, "including a possible sale of the company," the NY Post reports. P-E firms, including KKR and Leonard Green, are seen as likely bidders. Shares +15.8% AH, adding to today's big post-earnings gains. [Consumer, M&A, On the Move, Breaking News] Comment!
  • CSS
    4:11 PM CSS Industries (CSS): FQ4 EPS of -$0.21. Revenue of $53.6M (+12.3% Y/Y). (PR) [Earnings, Breaking News] Comment!
  •  
    4:10 PM Market recap: Stocks pushed higher as regional presidents Dudley and Bullard signaled the Fed remains far from winding down its stimulus, plus a bullish outlook from Goldman Sachs. Bernanke is on deck tomorrow with Senate testimony. Leading the gains were health care, consumer and bank stocks, while telecom and tech weighed on the downside. Treasurys rose; 30-year yields fell to 1.935%. [Top Stories] 1 Comment
  • FFHL
    4:09 PM Fuwei Films (FFHL): Q1 EPS of -$0.22. Revenue of $12.3M. (PR) [Earnings, Breaking News, Consumer] Comment!
  • NTAP
    4:08 PM NetApp (NTAP): FQ4 EPS of $0.69 beats by $0.01. Revenue of $1.72B (+1% Y/Y) misses by $40M. Expects FQ1 revenue of $1.475B-$1.575B and EPS of $0.45-$0.50, below consensus of $1.6B and $0.53. Initiates $0.15/share quarterly dividend (1.6% yield) with intention to increase over time. Increases buyback authorization by $1.6B to $3B. Shares +3.3% AH. CC at 5:30PM ET (webcast). (PR) [Tech, Earnings, On the Move, Breaking News] Comment!
  • CHRM
    4:07 PM Charm Communications (CHRM): Q1 EPS of -$0.05. Revenue of $38.1M (+13.6% Y/Y). (PR) [Earnings, Breaking News] Comment!
  • ADI
    4:02 PM Analog Devices (ADI): FQ2 EPS of $0.52 in-line. Revenue of $659M misses by $1.84M. Shares -1.2% AH. (PR) [Earnings, Breaking News, Tech, On the Move] Comment!
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