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Aug. 3, 2000, 5:58 p.m. EDT

Emulex stock up after sales bump

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By Chris Kraeuter, CBS.MarketWatch.com

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Revenue climbed to $6 billion from $5.5 billion.

Coffee retailer Starbucks /zigman2/quotes/207508890/composite SBUX +1.57% rose slightly after announcing same store sales for the month of July.

Starbucks said July comparable store sales increased 8 percent compared with July 1999.

Overall sales rose 34 percent during the most recent month to $175 million compared with $131 million during July 1999.

Starbucks shares rose 0.4375 to 40.50 on Island after closing up 13/16 to 40 1/16.

Jupiter Communications shares popped up 24 percent on very light volume after the company reported a loss better than expected.

Excluding amortization, Jupiter reported a net loss of $227,000, or 1 cent a share, compared with net income of $191,000, or 2 cents a share, for the same quarter last year.

Analysts surveyed by First Call expected a loss of 7 cents a share.

Jupiter Communications reported second-quarter net income of $1.6 million, or 11 cents per share, compared with $199,000, or 2 cents per share, for the same quarter one year ago.

Revenue for the second quarter was $25.7 million compared with $4.5 million during the same quarter last year.

Jupiter shares rose 6 to 31.5 on light trading after closing down 1 ½ to 25 ½.

Communications Systems /zigman2/quotes/204781833/composite CSII +2.26% shares were not active after the company announced quarterly net income decreased 9 percent and it is seeking a merger.

CSI shares closed down 1/16 to 13 15/16.

Communications Systems reported second-quarter net income of $1.59 million, or 18 cents per share, compared with $1.75 million, or 20 cents per share, for the same quarter last year.

One analyst surveyed by First Call expected earnings of 31 cents a share.

Revenue was $32 million compared with $29.8 million for the same quarter last year.

“We are very disappointed with CSI’s second-quarter operating results,” said Curtis A. Sampson, president and CEO. “Our primary business units posted below-plan sales and profitability due to temporary weaknesses in certain targeted markets, delays in receiving major orders and pricing pressures.”

According to a company statement, CSI said it has retained an investment bank to assist in discussions regarding a merger of CSI into another firm.

/zigman2/quotes/207508890/composite
US : U.S.: Nasdaq
$ 112.99
+1.75 +1.57%
Volume: 788,408
Dec. 6, 2021 9:58a
P/E Ratio
31.92
Dividend Yield
1.73%
Market Cap
$130.51 billion
Rev. per Employee
$75,872
loading...
/zigman2/quotes/204781833/composite
US : U.S.: Nasdaq
$ 19.42
+0.43 +2.26%
Volume: 12,433
Dec. 6, 2021 9:58a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$770.06 million
Rev. per Employee
$332,017
loading...

Chris Kraeuter is a reporter for CBS.MarketWatch.com.

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