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Friday November 12, 2004 (9:55 am ET)

Dell Posts Higher Profit

Kohl's reports results and gets a downgrade, Hormel raises guidance, and more of Friday's stocks in the news
PC maker Dell (DELL) announced third-quarter earnings of 33 cents, vs. 26 cents a share a year ago, meeting the consensus estimate. Revenue rose 18%. Dell sees third-quarter EPS of 36 cents on revenue of $13.5 billion. CIBC World upgraded the stock to sector outperform from sector perform. S&P maintained a hold ranking.

Kohl's (KSS) announced third-quarter earnings of 42 cents per share, vs. 35 cents last year, in line with analyst estimates. The retailer says same-store sales rose 1.2%, and gross margins increased to 35.9% from 34.1%. Deutsche Bank downgraded to hold from buy.

Pixar (PIXR) posted impressive third-quarter earnings Friday, showing 38 cents vs. 23 cents last year, and beating Wall Street estimates by 14 cents a share.

Hormel Foods (HRL) raised its fourth-quarter guidance Friday, citing a better-than-expected turkey market.

Agilent (A) posted earnings of 15 cents a share, vs. 3 cents a year ago.

Charles Schwab (SCH) reported client daily average revenue trades in October were down 1% from October, 2003, and up 16% from September, 2004. It says net new assets brought to the company by new and current clients last month totaled $3.9 billion.

Payless Shoesource (PSS) posted third-quarter earnings per share of 10 cents (including item), vs. a 3-cents loss a year ago, as lower selling, general, and administrative costs offset 2.1% lower same-store sales.

BEA Systems (BEAS) posted third-quarter earnings per share of 8 cents, vs. 7 cents a year ago (GAAP basis), on a 5% revenue rise. S&P reiteratd a hold ranking.
 
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