SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Tuesday's session are Procter & Gamble Co., Dell Inc. and Marsh & McLennan Cos. Inc.
Allergan Inc. (AGN) is expected to post third-quarter earnings of 79 cents a share, according to analysts polled by Thomson First Call.
Colgate-Palmolive Co. (CL) is seen reporting a third-quarter profit of 67 cents a share.
Entergy Corp.'s (ETR) third quarter is expected to show a per-share profit of $1.64.
Marsh & McLennan Cos. Inc. (MMC) is expected to report earnings of 38 cents a share in its third quarter.
Molson Coors Brewing Co.'s (TAP) third quarter is seen showing a per-share profit of $1.23.
Procter & Gamble Co. (PG) is expected to report a first-quarter profit of 76 cents a share.
ProLogis Trust (PLD) is seen posting a third-quarter profit of 81 cents a share.
Qwest Communications International Inc.'s (Q) third quarter is seen showing a loss of 7 cents a share.
Sirius Satellite Radio Inc. (SIRI) is expected to report a third-quarter loss of 16 cents a share.
TXU Corp. (TXU) is seen posting a third-quarter per-share profit of $2.46.
After Monday's closing bell, Dell Inc. (DELL) said that third-quarter earnings would be at the low end of its previous forecast due to weaker-than-expected sales.
Animas Corp. (PUMP) reported third-quarter net earnings of $418,000, or 2 cents a share, vs. $2.82 million, or 14 cents a share, in the year-ago period. Revenue at the West Chester, Pa.-based medical device company fell to $21.7 million from $22.7 million, and gross margin was 63%. Analysts polled by Thomson First Call had estimated earnings at 5 cents a share.
Apogee Enterprises Inc. (APOG) reaffirmed its expectation for 2006 earnings of 74 cents to 80 cents a share on revenue growth of 9% to 11%. The Minneapolis-based glass products company said the reaffirmation was made ahead of its participation in investor meetings this week.
Cedar Fair LP (FUN) reported third-quarter earnings of $170.8 million, or $3.11 per limited partner unit, an increase of 86% from $91.7 million, or $1.70 per partner unit a year ago. Revenue rose to $317 million from $305.6 million last year.
Echelon Corp. (ELON) reported a third-quarter net loss of $10.1 million, or 25 cents a share, vs. a net loss of $400,000, or a penny a share, during the same period a year ago. The pro forma loss was 12 cents a share for the quarter. The San Jose, Calif.-based networking company posted revenue of $16.3 million vs. $22.7 million.
Hughes Supply Inc. (HUG) raised its third-quarter earnings forecast to a range of 66 cents to 68 cents a share on revenue of $1.48 billion to $1.5 billion. The Orlando, Fla.-based distributor of construction and repair products had previously estimated third-quarter earnings of 58 cents to 60 cents a share on revenue of $1.35 billion to $1.37 billion. Hughes also said it plans to consider strategic alternatives to maximize shareholder value.
Intevac Inc. (IVAC) reported third-quarter net earnings of $6.19 million, or 29 cents a share, vs. $1.37 million, or 7 cents a share, during the same period a year ago. The Santa Clara, Calif.-based technology company posted revenue of $43.5 million vs. $35 million. Analysts surveyed by Thomson First Call had forecast third-quarter earnings of 25 cents a share on revenue of $38.2 million.
Mentor Corp. (MNT) reported second-quarter net earnings of $12.1 million, or 25 cents a share, down 3.3% from $12.5 million, or 26 cents a share, in the year-ago period. Revenue at the Santa Barbara, Calif.-based medical device company rose to $114.3 million from $108.8 million last year. Analysts polled by Thomson First Call had estimated revenue of $115 million.
Mills Corp. (MLS) said it expects its third-quarter results to be "substantially below expectations." The Arlington, Va.-based real estate investment trust rescheduled its third-quarter conference call to Nov. 9 from Nov. 1 to allow the company additional time to evaluate the accounting for several items in the results.
OSI Pharmaceuticals Inc. (OSIP) reported a third-quarter net loss of $20 million, or 39 cents a share, vs. a net loss of $123.2 million, or $2.88 a share, during the same period a year ago. The Melville, N.Y.-based biotechnology company posted revenue of $34 million vs. $13 million. The company said the increased revenue was primarily due to sales of its anti-cancer drug Tarceva. OSI Pharma and Genentech Inc. (DNA) co-market Tarceva.
Principal Financial Group Inc. (PFG) reported a better than expected third-quarter profit late Monday after the retirement-savings specialist generated record sales at its main full-service accumulation business.
Rackable Systems Inc. (RACK) reported third-quarter net earnings of $4.37 million, or 20 cents a share. In the same period last year, the company reported a net loss of $16 million, or $3.34 a share. There were 22 million shares outstanding in the third quarter compared to 4.8 million a year ago. Revenue at the Milpitas, Calif.-based server and storage products company rose to $57.4 million from $33.9 million last year, and gross margin was 24.1% vs. 18.1%.
Take-Two Interactive Software (TTWO) shares slid more than 9% in late trading Monday after the maker of video games cut its forecasts for 2005 and 2006, citing delayed release dates for some of its most popular titles.
XL Capital LTD. (XL) reported a third-quarter net loss of $1.05 billion, or $7.53 a share. In the same period a year ago, the company posted net earnings of $22.5 million, or 16 cents a share. On an operating basis, the company reported a loss of $8.01 a share. Revenue at the Bermuda-based insurer and reinsurer fell 2.7%, to $2.3 billion from $2.36 billion. After taking into account net reinstatement premiums and tax effects, the net impact of Hurricanes Katrina and Rita in the third quarter was $1.47 billion.