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Market Update : 
Payroll Data in the Focus
Author: Elena Todorova
123jump.com
Last Update: 9:06 AM EDT October 07 2005


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Asian markets closed down on weak U.S. markets and expectations of nonfarm payroll data. The Nikkei was the biggest decliner, down 1%. European stocks slightly declined at mid-day after two straight sessions of heavy losses, with the German DAX falling by 0.5%. Nonfarm payroll report is expected. Economists forecast that 143,000 jobs were lost in September.

 
Lone Star Steakhouse & Saloon (STAR: chart), restaurant chain, posted Q3 net earnings of 2 cents a share, vs. 17 cents a share in the same period last year on a flat revenue compared with the year-ago period.

Accenture Ltd (ACN: chart), provider of management consulting and technology, posted Q4 net earnings of 38 cents a share, vs. 30 cents a share in the same period last year on revenue growth, beating analysts’ expectations of 36 cents a share. The company also reported revenue including reimbursements of $4.31 billion vs. $3.81 billion. Accenture announced that it expects first-quarter net earnings of between 32 cents and 34 cents a share. The company also forecast fiscal 2006 earnings of $1.45 to $1.50 on revenue growth of 9% to 12%.

Burlington Coat Factory Warehouse Corp. (BCF: chart), retailer, reported a Q1 net loss of 36 cents a share, vs. 42 cents a share in the same period last year on revenue growth, missing analyst estimate of 30 cents a share.

Net2Phone (NTOP: chart), provider of Internet protocol communications services, posted a Q4 net loss of 13 cents a share, down vs. a net loss of 8 cents a share in the same period last year on slight revenue decline, missing analysts forecast by a penny.
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