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BUSINESS BRIEFS.(TO THE POINT)
MACHINERY
Actuant earnings rose 19% in Q4
The maker of tools and hydraulic equipment earned 82 cents a share, topping views by 4 cents. Sales rose 22% to $148.2 mil. Actuant expects to earn 71-76 cents in Q1 and $3.20-$3.50 for fiscal '04 vs. views for 78 cents and $3.29. Actuant surged 8% to a new high of 60.61.
TELECOM
Nextel's capital spending to drop
It'll cut next year's outlays "a few million dollars" below '03's $1.8 bil total. The cell-phone carrier sees '04 earnings of at least $1 a share and free cash flow of $600 mil or more. And it expects to get 1.9 mil new customers, despite push-to-talk services that mimic Nextel's flagship offering. It says rival services aren't as ...
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