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Friday June 22, 8:21 PMMovers: Dow Jones, H&R Block, Cheesecake FactoryMySpace founder Brad Greenspan says he leading investment group seeking to buy about 25% equity stake in Dow Jones & Co. (DJ) for $60 per share. Separately, Dow Jones says its board will take over negotiations regarding News Corp's (NWS) $5 billion offer.H&R Block (HRB) posts $0.26 loss [including loss from discontinued operations], vs. $1.77 EPS a year ago, despite a 7.9% revenue rise. It sees fiscal year 2008 EPS from continuing operations of $1.25-$1.45 and that discontinued operations will post modest losses during fiscal year 2008's first two quarters. Cheesecake Factory (CAKE) shares fall after Raymond James downgrades to outperform from strong buy, and Bear Stearns reportedly downgrades to peer perform from outperform. Whole Foods Market (WFMI) plans to sell 35 natural-foods stores owned by Wild Oats Markets (OATS) to private-equity firm Apollo Management LP if Whole Foods succeeds in its attempt to acquire Wild Oats. Yahoo (YHOO) acquires Rivals.com, an online site for college, high school sports, and recruiting information. Terms were not disclosed. American Greetings (AM) posts $0.54, vs. $0.24 a year ago, first-quarter EPS on 3.4% revenue rise. It reaffirms forecast for fiscal year 2008 EPS from continuing operations of $1.35-$1.55. Esco Technologies (ESE) says PG&E's plan to request information from a group of vendors to evaluate their ability to address potential future functionality requirements for electric portion of its service territory could reduce ESE's fiscal year 2008 outlook. Andersons (ANDE) raises $2.35-$2.60 2007 EPS guidance to $2.80-$3.05. It cites strong second-quarter performance in its agricultural businesses. Panacos Pharmaceutical (PANC) says preliminary results from 250 mg cohort of Phase 2b study of bevirimat in patients failing HIV therapy due to drug resistance show plasma concentrations and antiviral effect were about double those seen in first Phase 2b cohort. Advanced Life Sciences (ADLS) announces positive results from the first of two Phase 3 clinical trials designed to assess safety, effectiveness of cethromycin, a once-a-day antibiotic for treatment of community acquired pneumonia. Pier 1 Imports (PIR) posts $0.64 first-quarter loss per share, vs. $0.27 loss a year ago, on 5.4% same-store sales drop and 5.2% total sales drop. Tribune (TRB) says consolidated revenues for May period were $406 million, down 11.1% year-over-year. It says publishing revenues in May were $292 million, vs. $325 million, down 10.3%, while advertising revenues fell 11.8%. |
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