Morning News - Friday, November 3, 2006
TRB - the situation isn't looking so bright. With conditions in the newspaper industry deteriorating rapidly, the consensus on Wall Street is that Tribune shareholders should expect a sale to generate no more than the $32-$33 level at which the stock has lately been trading. WSJ
HAIN – 1Q EPS beats by 2c, reaffirms FY07 outlook. EPS 25 c vs consensus of 23c. Revs $210.2M vs consensus $204.49. Co reaffirms FY07 EPS of 1.15-$1.19 and Revs of $880M-$900M.
DENN – reported SSS of 3.9%. Guest check average rose 2.8%, guest count rose 1.1%.
BLS/T – The FCC has postponed a vote on the deal until the November 7th election as members of the commission are deadlocked on merger approval conditions.
Nikkei unch
Gold 623.60 – 4.10
Oil 58.40 +.52
Dollar: euro 1.2704 - .0086; yen 118.02 +.82
HAIN – 1Q EPS beats by 2c, reaffirms FY07 outlook. EPS 25 c vs consensus of 23c. Revs $210.2M vs consensus $204.49. Co reaffirms FY07 EPS of 1.15-$1.19 and Revs of $880M-$900M.
DENN – reported SSS of 3.9%. Guest check average rose 2.8%, guest count rose 1.1%.
BLS/T – The FCC has postponed a vote on the deal until the November 7th election as members of the commission are deadlocked on merger approval conditions.
Nikkei unch
Gold 623.60 – 4.10
Oil 58.40 +.52
Dollar: euro 1.2704 - .0086; yen 118.02 +.82
