Amdocs, Alliance Semiconductor, Eastman Kodak, Leap Wireless, Lexmark International and Micron Electronics are expected to move the markets today.
Amdocs (DOX): The maker of software for the telecommunications industry said it signed an agreement to provide billing systems for Sprint PCS Group. Amdocs rose $2.31 to $62.38.
Alliance Semiconductor (ALSC): The chipmaker said it expects fiscal second-quarter profit of 19 to 21 cents per share, well above the consensus estimates of 18 cents per share. Shares of Alliance rose $1 to $21.13.
Eastman Kodak (EK): The world's largest photography company said it will likely miss earnings projections for the current quarter due to weaker sales. In a statement released today, CFO Bob Brust said third-quarter earnings are likely to be 20 to 25 cents per share lower than expected. Shares of Eastman Kodak fell $9 to $50.
Leap Wireless (LWIN): ING Barings raised its rating on this wireless communications carrier from a "buy" to a "strong buy." Shares of Leap rose $3.63 to $59.56.
Lexmark International (LXK): The maker of laser printers said it expects third-quarter profit of 45 cents to 50 cents a share. The company was expected to earn 60 cents, the average estimate of seven analysts polled by First Call/Thomson Financial. Shares of Lexmark fell $13.50 to $38.50.
Micron Electronics (MUEI): The computing hardware and e-services company posted earnings today almost three times above projections. For the fourth quarter of its fiscal 2000, ended Aug. 31, Micron said it earned 24 cents per share, well above the 9 cents per share forecasted by analysts. Shares of Micron rose 50 cents to $12.88.
Palm (PALM): The No. 1 seller of handheld computers reported sales and earnings that beat Wall Street expectations. Excluding acquisition- and spinoff-related charges, Palm said it earned $23.9 million, or 4 cents per share, on revenue of $401 million for its fiscal first quarter, which ended Sept. 1. Analysts expected the company to earn 2 cents a share. Shares of Palm fell 50 cents to $51.75.