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AFTER THE CLOSE.(TO THE POINT)
COMVERSE TECHNOLOGY earned 43 cents a share in its first quarter, up 34% anda cent above views. Sales rose 36% to $365 million.
LENNAR'S May new-home orders rose 19% to 2,099 homes. Beazer Homes USA said its May home orders climbed 35% to 899.
FURNITURE BRANDS will cut 1,000 jobs, or 12% of its work force. It'll merge two units and close three sites, cutting capacity by 15%. This quarter's sales will fall 12%-15%.
MERIDIAN MEDICAL TECH netted 22 cents in its third ...
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