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May 7, 1998, 6:00 p.m. EDT

Movers & Shakers -- 05-07-98

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By CBS.MarketWatch.com

U.S. stocks to watch

Esco Electronics Corp. (ESE) /zigman2/quotes/208880925/composite ESE -3.09% , which specializes in commercial defense systems, announced a second-quarter net profit of 26 cents a share, 2 cents ahead of the consensus forecast. Converse (CVE) /zigman2/quotes/209205351/composite CVE -2.12% posted a first-quarter net loss of 7 cents per share, far below the Zacks' estimate of a 9 cent profit. The atheletic-shoe maker says it sees a "sluggish" industry throughout 1998.

Software-developer Macromedia (MACR) reported fourth-quarter income of 5 cents per share, 2 cents ahead of Zacks' estimate of 3 cents.

The Sports Authority (TSA) warned that it expects to report a first-quarter loss of 12 cents a share. The average of the analysts' estimates called for the sporting goods retailer to earn 8 cents a share. Ahead of the report, the company announced it was being bought by Woolworth (Z) /zigman2/quotes/204413973/composite Z -7.86% .

U.S. gainers

America Online (AOL) rose 1 3/4 to 89 3/4 Thursday after the largest Internet service posted an operating profit of 16 cents a share, surpassing estimates. The company had been expected to earn 12 cents a share based on a survey of analysts by First Call. The company's revenue rose 54 percent year-over-year to $693.6 million. and .

AnnTaylor (ANN) rose 3 3/8 to 20 after the company said it expects to make 17 to 20 cents a share in its first quarter. Analysts expected the clothing store to report 13 cents a share.

Chrysler (C) /zigman2/quotes/207741460/composite C -0.70% shares rose4 7/16 to a new high of 53 1/4 on the news that its merger with Daimler-Benz has been approved. The deal values the stock at $61.22 a share. General Motors (GM) /zigman2/quotes/205226835/composite GM -2.08% shares fell 1 1/16 to 66 7/8 and Ford (F) /zigman2/quotes/208911460/composite F -2.77% lost 1/8 to 45 5/8.

Computer Learning Centers (CLCX) rose 2 13/16 to 16 1/4 after Illinois regulators allowed the computer technology school to resume operations at its Schaumberg campus. The company was under investigationfor misrepresenting facts in a marketing campaign.

Cubist Pharmaceutical (CBST) rose 1 1/8 to 5 11/16 after the company said it expanded its research and development agreement with Merck (MRK) /zigman2/quotes/209956077/composite MRK +0.23% . Merck licensed Cubist's data and a compound for research. In addition Merck agreed to give the company funding and royalty payments for certain drug development achievements.

Envirotest Systems (ENR) /zigman2/quotes/209643437/composite ENR -1.88% jumped 2 to 12 3/4 after the company said it hired investment banking firm Credit Suisse First Boston to research options to "maximize shareholder value."

Recoton Corp. (RCOT) rose 3 5/8 to 29 1/4 after the car audio sales company said it made 30 cents a share in its first quarter, far ahead of analysts' expectations of 12 cents a share.

Talbots jumped 3 15/16 to 23 3/8 after the retailer said its 29 percent sales growth in April will boost its quarterly earnings.

U.S. decliners

3Com (COMS) /zigman2/quotes/201007310/composite COMS +0.70% fell 2 5/32 to 32 1/4, after Deutsche Morgan Grenfell lowered its earnings forecasts for the company citing weakness in gross margins and declining sales in Asia.

Credit Management Solutions (CMSS) lost 2 1/8 to 5 7/8 after reporting a loss of 18 cents a share for its first quarter. Analysts expected a loss of 10 cents a share.

ErgoBilt (ERGB) dropped 1 1/8 to 3 3/8 after the company warned it would report a loss for its 1998 fiscal year. Analysts expected ErgoBilt to report a profit of 58 cents a share for the year.

Telecommunications software developer Information Management Associates, (IMAA) fell 2 9/16 to 11 1/4 after reporting a first-quarter loss of 75 cents per share compared to a loss of 9 cents per share a year ago. The company said the results reflected the cost of two recent acquisitions.

Mellon Bank (MEL) shares dropped 5 11/16 to 72 5/16 as speculation of a merger waned. The stock had surged in overnight trading on reports Chase Manhattan would emerge as a white knight bidder to block Bank of New York's unsolicited takeover offer. On April 22 Mellon rejected Bank of New York's bid.

MEMCO Software (MEMCF) lost 5 5/8 to 23 after the company announced it is buying two security software companies, AbirNet and Network Information Technology, for $43.7 million in stock and $11.3 million in cash.

Signature Resorts (OWN) fell 2 to 17 after the company reported first-quarter earnings of 14 cents a share vs. the 19 cents a share analysts expected.

/zigman2/quotes/208880925/composite
US : U.S.: NYSE
$ 62.47
-1.99 -3.09%
Volume: 14,203
May 24, 2022 12:22p
P/E Ratio
25.98
Dividend Yield
0.51%
Market Cap
$1.67 billion
Rev. per Employee
$272,434
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/zigman2/quotes/209205351/composite
US : U.S.: NYSE
$ 21.43
-0.47 -2.12%
Volume: 4.06M
May 24, 2022 12:30p
P/E Ratio
28.20
Dividend Yield
1.52%
Market Cap
$42.28 billion
Rev. per Employee
$7.16M
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/zigman2/quotes/204413973/composite
US : U.S.: Nasdaq
$ 38.11
-3.25 -7.86%
Volume: 3.27M
May 24, 2022 12:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$10.16 billion
Rev. per Employee
$1.40M
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/zigman2/quotes/207741460/composite
US : U.S.: NYSE
$ 52.40
-0.37 -0.70%
Volume: 10.68M
May 24, 2022 12:30p
P/E Ratio
6.18
Dividend Yield
3.89%
Market Cap
$102.48 billion
Rev. per Employee
$357,498
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/zigman2/quotes/205226835/composite
US : U.S.: NYSE
$ 35.25
-0.75 -2.08%
Volume: 6.54M
May 24, 2022 12:30p
P/E Ratio
5.82
Dividend Yield
0.00%
Market Cap
$52.49 billion
Rev. per Employee
$831,267
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/zigman2/quotes/208911460/composite
US : U.S.: NYSE
$ 12.48
-0.36 -2.77%
Volume: 25.14M
May 24, 2022 12:30p
P/E Ratio
4.39
Dividend Yield
3.20%
Market Cap
$51.58 billion
Rev. per Employee
$735,459
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/zigman2/quotes/209956077/composite
US : U.S.: NYSE
$ 94.05
+0.22 +0.23%
Volume: 3.65M
May 24, 2022 12:30p
P/E Ratio
16.84
Dividend Yield
2.93%
Market Cap
$237.28 billion
Rev. per Employee
$799,500
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/zigman2/quotes/209643437/composite
US : U.S.: NYSE
$ 30.35
-0.58 -1.88%
Volume: 143,980
May 24, 2022 12:30p
P/E Ratio
12.49
Dividend Yield
3.95%
Market Cap
$2.23 billion
Rev. per Employee
$503,250
loading...
/zigman2/quotes/201007310/composite
US : U.S.: Nasdaq
$ 0.26
+0.0018 +0.70%
Volume: 277,665
May 24, 2022 12:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$20.42 million
Rev. per Employee
$107,575
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