Eastman Kodak (EK): The photography company said fourth-quarter profit will miss analysts' forecasts. The company said it expects to earn 65 cents to 75 cents a share. Analysts polled by First Call/Thomson Financial were predicting earnings of $1.07 per share. Shares of Kodak fell 25 cents, or nearly 1 percent, to $39.31 in morning trading.
Oracle (ORCL): The maker of database software hinted Monday that the company will announce strong quarterly financial results Thursday. The database giant is having a great quarter, "and we're going to have a great year," chief executive Larry Ellison said at a news conference. Shares of Oracle fell 38 cents, or about 1 percent, to $31.56.
Advanced Micro Devices (AMD): The chipmaker warned Monday that fourth-quarter revenue and profit will be lower than expected. The company estimated a net income of 50 cents to 60 cents per share, short of the 68 cents a share forecast by analysts surveyed by First Call. Shares of AMD rose 19 cents, or about 1 percent, to $17.50.
Toys "R" Us (TOY): Records from the toy seller's Internet division have been subpoenaed as part of an investigation of the company's privacy practices. New Jersey's Division of Consumer Affairs, which is overseen by the state attorney general's office, is conducting the investigation, according to reports. Lawsuits have been filed that accuse Toysrus.com of illegally sharing personal information about its Internet customers with market researchers. Shares of Toys "R" Us were unchanged at $17.56.
DoubleClick (DCLK): The online advertising company said Monday its revenues and earnings will fall short of expectations. The company said it expects earnings per share between break-even and 3 cent per share loss. Analysts polled by First Call expected the company to earn 2 cents per share. Shares of DoubleClick rose $1.19, or nearly 10 percent, to $13.13.
Dallas Semiconductor (DS): The semiconductor maker said Monday it expects fourth-quarter earnings to be 34 cents to 37 cents a share. Analysts polled by First Call expected the company to earn 44 cents. Shares of Dallas Semiconductor were unchanged at $34.
Covad Communications (COVD): The provider of high-speed Internet access warned that fourth-quarter and 2001 revenues will probably miss estimates. The company also said it will take a $20 million charge related to job cuts and other restructuring costs. Shares of Covad fell 44 cents, or about 14 percent, to $2.63.
Commerce One (CMRC): Auto industry marketplace Covisint on Tuesday formed an agreement that will give founders Ford Motor and General Motors a stake of about $1.26 billion in technology partner Commerce One. Commerce One, which came to Covisint through its partnership with GM, will provide many of the technologies to run the marketplace in return for an undisclosed amount of cash for consulting services and a share of the marketplace's recurring revenue. In addition, Commerce One will own a 2 percent equity interest in Covisint. Shares of Commerce One climbed $1.25, or nearly 3 percent, to $45.