<BREAKFAST WITH THE FOOL>
Tuesday, October 13, 1998
"To the list of famous oxymorons -- military intelligence, learned professor, deafening silence, and jumbo shrimp -- I'd add professional investing." -- Peter Lynch
Eastman Kodak Earnings Snapshot
The fiscal Q3 earnings for photographic products maker Eastman Kodak <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: EK)") else Response.Write("(NYSE: EK)") end if %> were picture perfect, as the company reported EPS of $1.21 compared to $0.71 a year ago. The results beat the Street's mean estimate by a penny. However, revenues were not so hot during the quarter, falling 10% from a year ago to $3.39 billion due in part to lower selling prices and volumes in the U.S. and the financial uncertainty in markets around the world.
But despite the sales drop, the firm's ongoing cost-cutting measures helped keep the profits up. Chairman and CEO George Fisher said Kodak will continue "to drive down costs to free resources for investments in initiatives that yield value-creating, long-term growth" in the months to come.
This Morning's Earnings Announcements:
Associates First Capital <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: AFS)") else Response.Write("(NYSE: AFS)") end if %> -- Q3 EPS: $0.91 vs. $0.78 last year; Estimate: $0.91
Capital One Financial <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: COF)") else Response.Write("(NYSE: COF)") end if %> -- Q3 EPS: $1.00 vs. $0.73 last year; Estimate: $1.00
Donaldson, Lufkin & Jenrette <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: DLJ)") else Response.Write("(NYSE: DLJ)") end if %> -- Q3 EPS: $0.15 vs. $0.93 last year; Estimate: $0.23
Enron Corp. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: ENE)") else Response.Write("(NYSE: ENE)") end if %> -- Q3 EPS: $0.47 vs. $0.42 last year; Estimate: $0.45
General Motors <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: GM)") else Response.Write("(NYSE: GM)") end if %> -- Q3 EPS: $1.28 loss vs. $1.35 profit last year; Estimate: $0.99 loss
Hertz Corp. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: HRZ)") else Response.Write("(NYSE: HRZ)") end if %> -- Q3 EPS: $1.09 vs. $0.86 last year; Estimate: $1.05
Merrill Lynch <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: MER)") else Response.Write("(NYSE: MER)") end if %> -- Q3 operating EPS: $0.28 vs. $1.24 last year; Estimate: $0.48
Whirlpool Corp. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: WHR)") else Response.Write("(NYSE: WHR)") end if %> -- Q3 EPS: $1.02 vs. $0.76 last year; Estimate: $1.03
News to Go
Earnings, earnings, earnings. The Q3 earnings reporting season is in full swing. Here's a Foolish run-down:
Last Night's Earnings Announcements:
Atmel Corp. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: ATML)") else Response.Write("(Nasdaq: ATML)") end if %> -- Q3 EPS: $0.04 vs. $0.30 last year; Estimate: $0.03
Avant! <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: AVNT)") else Response.Write("(Nasdaq: AVNT)") end if %> -- Q3 EPS: $0.38 vs. $0.26 last year; Estimate: $0.36
Broadcast.com <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: BCST)") else Response.Write("(Nasdaq: BCST)") end if %> -- Q3 EPS: $0.23 loss vs. $0.16 loss last year; Estimate: $0.26 loss
Broadcom Corp. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: BRCM)") else Response.Write("(Nasdaq: BRCM)") end if %> -- Q3 EPS: $0.17 vs. $0.07 loss last year; Estimate: $0.16
C-Cube Microsystems <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: CUBE)") else Response.Write("(Nasdaq: CUBE)") end if %> -- Q3 EPS: $0.28 (before gain) vs. $0.25 last year; Estimate: $0.27
Computer Task Group <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: TSK)") else Response.Write("(NYSE: TSK)") end if %> -- Q3 EPS: $0.37 vs. $0.26 last year; Estimate: $0.35
Earthlink Networks <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: ELNK)") else Response.Write("(Nasdaq: ELNK)") end if %> -- Q3 EPS: $0.04 loss vs. $0.36 loss last year; Estimate: $0.12 loss
Harley-Davidson <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: HDI)") else Response.Write("(NYSE: HDI)") end if %> -- Q3 EPS: $0.34 vs. $0.27 last year; Estimate: $0.33
Lattice Semiconductor <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: LSCC)") else Response.Write("(Nasdaq: LSCC)") end if %> -- Q2 EPS: $0.42 vs. $0.62 last year; Estimate: $0.41
Earnings Announcements Today:
Automatic Data Processing <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: AUD)") else Response.Write("(NYSE: AUD)") end if %> -- Q3 mean estimate: $0.40; last year: $0.35
Boise Cascade Corp. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: BCC)") else Response.Write("(NYSE: BCC)") end if %> -- Q3 mean estimate: $0.12; last year: $0.23 loss
Charles Schwab Corp. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: SCH)") else Response.Write("(NYSE: SCH)") end if %> -- Q3 mean estimate: $0.33; last year: $0.29
Intel Corp. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: INTC)") else Response.Write("(Nasdaq: INTC)") end if %> -- Q3 mean estimate: $0.80; last year: $0.88
International Paper <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: IP)") else Response.Write("(NYSE: IP)") end if %> -- Q3 mean estimate: $0.25; last year: $0.34
Johnson & Johnson <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: JNJ)") else Response.Write("(NYSE: JNJ)") end if %> -- Q3 mean estimate: $0.70; last year: $0.63
PepsiCo <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: PEP)") else Response.Write("(NYSE: PEP)") end if %> -- Q3 mean estimate: $0.40; last year: $0.35
More Foolishness
Some investors are sleeping easy thanks to ResMed Inc., this week's Daily Double... Alex Schay provides the low-down on hospital operator Columbia/HCA in the Fool on the Hill... Al Levit explains what was shakin' C-K stocks last week in the Cash-King Port report... Want to earn an A+ in Foolishness? Maybe it's time to take some classes at the Fool's School.
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Brian Graney (TMF Panic), Writer
Jennifer Silber (TMF Amused), Editor
</BREAKFAST WITH THE FOOL>