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Earnings Analysis: 
UBS Raised Intel's Financial Outlook
Author: Albena Toncheva
123jump.com
Last Update: 11:03 AM ET July 06 2005



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UBS on Wednesday boosted its second-quarter outlook on Intel Corp., the world's largest chipmaker, on strong sales of laptop chips.

 
UBS on Wednesday boosted its second-quarter estimates on Intel Corp. (INTC: chart) on strong sales of laptop chips. The forecast is now of earnings 33 cents a share on sales of $9.3 billion, up versus the earlier estimate of 32 cents a share on sales of $9.2 billion. Intel is scheduled to report earnings on July 19. The company's stock gained 10 cents to $26.78 in early trading.

GTSI Corp. (GTSI: chart), an information technology supplier, said Wednesday its second-quarter results would suffer from lower bookings and shipments. On May 31, GTSI stopped providing monthly revenue and order data, and declared on Wednesday it won't meet its 2007 goal of doubling revenue from 2004 levels. Shares of GTSI shed 11 cents Tuesday to $8.25.

Nu Horizons Electronics Corp. (NUHC: chart), a distributor of active and passive electronic components, reported 1Q net income of $475,000, or 3 cents a share, down versus $1.2 million, or 7 cents a share in the comparable quarter a year earlier. Sales for the quarter ended May 31 advanced to $121.4 million vs. $118.2 million last year. Nu Horizons stock closed up 4.5% at $6.78 Wednesday.

Cutter & Buck Inc. (CBUK: chart) reported 4Q net income of $2.8 million, or 25 cents a share, down versus 49 cents a share, or $5.6 million in the year ago compareable quarter. Sales for the three-month period ending April 30 dropped to $34.9 million vs. $38.4 million. The company still recorded growth in gross margin to 48% vs. 45.9% in 4Q a year earlier. Analysts expected earnings of 28 cents a share. Cutter & Buck's stock closed flat at $13.04 Tuesday.

Delta and Pine Land Co. (DLP: chart) announced its 3Q net income after preferred dividends climbed to $36.2 million, or 91 cents a share compared with $31.3 million, or 79 cents a share a year earlier. Net sales and licensing fees advanced to $203.3 million against $185.6 million last year. The quarterly results include charges of 1 cent a share in 3Q compared with charges of 5 cents a share a year ago. The company also lifted its quarterly dividend by 25% to 15 cents a share and forecasted earnings between $1.02 to $1.11 a share for the full year 2005.

Schnitzer Steel Industries Inc. (SCHN: chart) reported third-quarter net income of $33.5 million, or $1.08 a share, versus $42.5 million, or $1.37 a share a year ago. Analysts estimated income of $1.05 a share. Revenue advanced to $226.8 million in the quarter vs. $193.8 million last year. 4Q 2005 sales volumes are seen below the fiscal 2005 quarterly run rate, according to the company, but total fiscal 2005 sales are likely to be around last year's level. Shares of the company climbed 75 cents to $24.65 Tuesday.

Restaurant chain Ruby Tuesday is scheduled to report fourth-quarter financial results after the closing bell. The company is expected to post earnings of 41 cents per share.

America's Car-Mart Inc. (CRMT: chart) said fourth-quarter profit declined 7% to $4.3 million, or 36 cents a share, versus a year-ago profit of $4.6 million, or 39 cents a share. Total revenues gained 16% to $55.2 million versus $47.7 million a year earlier. Earnings dropped on $700,000 in regulatory compliance-related costs. The company said that it sees sales and earnings to advance in a range of 10% - 14% to $1.63 - $1.70 a share in fiscal 2006. The company's shares declined 4.6%, or $1.04, to $21.69 at the open.
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