SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Wednesday's session are Tyco International Ltd., Abercrombie & Fitch and Intuit Inc.
Applied Materials Inc. (AMAT) is expected to report fiscal fourth-quarter earnings of 14 cents a share, according to analysts polled by Thomson First Call.
D. R. Horton Inc.'s (DHI) fiscal fourth quarter is expected to showing a per-share profit of $1.63.
Intuit Inc. (INTU) is seen posting a loss of 31 cents a share in its fiscal first quarter.
Men's Wearhouse Inc. (MW) is expected to post earnings of 35 cents a share in its third quarter.
Network Appliance Inc.'s (NTAP) second quarter is expected to show earnings of 18 cents a share.
PetsMart Inc. (PETM) is seen posting a third quarter profit of 19 cents a share.
Salesforce.com Inc. (CRM) is expected to report third-quarter earnings of 4 cents a share.
Talbots Inc.'s (TLB) third quarter is seen showing a per-share profit of 36 cents a share.
Too Inc. (TOO) is expected to post a profit of 43 cents a share in its third quarter.
Tyco International Ltd. (TYC) is seen posting fiscal fourth-quarter earnings of 46 cents a share.
Zale Corp's (ZLC) fiscal first quarter is expected to show a per-share loss of 35 cents.
After Tuesday's closing bell, Abercrombie & Fitch (ANF) turned out a 79% jump in third-quarter earnings and lifted its full-year forecast.
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Analog Devices Inc. (ADI) reported fiscal fourth-quarter net earnings of $68.3 million, or 18 cents a share, down 48.3% from $132.3 million, or 34 cents a share, during the same period a year ago. The Norwood, Mass.-based company posted revenue of $622.1 million vs. $632.1 million. Analysts surveyed by Thomson First Call had forecast fourth-quarter earnings of 34 cents a share on revenue of $615 million.
Aon Corp. (AOC) said it is considering selling its property and casualty underwriting division as the world's second-largest insurance broker continues to look for ways to streamline its business. The Chicago-based company said it is also mulling the sale of its warranty and credit insurance units.
Blue Coat Systems Inc. (BCSI) reported fiscal second-quarter net earnings of $4.16 million, or 28 cents a share, up from $607,000, or 5 cents a share, in the year-ago period. On a pro forma basis, earnings came in at 32 cents a share vs. 9 cents a share last year. Revenue rose to $36.7 million from $21.9 million. Analysts polled by Thomson First Call had estimated earnings of 30 cents a share on revenue of $36.8 million.
Borders Group Inc. (BGP) said its third-quarter loss widened from a year ago on costs associated with the remodeling of 55 stores. The Ann Arbor, Mich.-based book and music retailer said it lost $14 million, or 20 cents a share, compared to its year-ago loss of $1.1 million, or 1 cent a share. The figure in the latest period includes a charge of 2 cents a share related to the remodels. Revenue rose to $841 million from $838.6 million. Analysts polled by Thomson First Call were expecting a loss of 18 cents a share on revenue of $829.3 million.
Hancock Fabrics Inc. (HKF) reported a third-quarter net loss of $2.5 million, or 14 cents a share. In the same period last year, the company reported net earnings of $977,000, or 5 cents a share. Revenue at the Baldwyn, Miss.-based retailer fell to $103.9 million from $109.9 million. Analysts polled by Thomson First Call had estimated a loss of 9 cents a share on revenue of $104 million. Hancock also said it has suspended its quarterly dividend indefinitely.
JDS Uniphase Corp. (JDSU) expects to lay off 500 employees and record charges of no more than $20 million in the closure of its Rochester, Minn., facility and the consolidation of other operations, according to a company filing with the Securities and Exchange Commission after Tuesday's closing bell. JDSU expects the closure of the Rochester facility, the transition of products manufactured at its Ottawa, Ontario, site to contract manufacturers and an additional phase of consolidation at its Santa Rosa, Calif. facility to be complete by the end of 2006.
La-Z-Boy Inc. (LZB) reported a fiscal second-quarter net loss of $6.45 million, or 12 cents a share. During the same period a year ago, La-Z-Boy reported net earnings of $8.86 million, or 17 cents a share. The Monroe, Mich.-based furniture company posted revenue of $454.6 million vs. $520.8 million.
National City Corp. (NCC) said it plans to exit the indirect retail auto and motorsports lending business due to low returns and volume challenges. As a result, the Cleveland-based financial services company expects to incur between $100 million and $120 million in charges in the fourth quarter.
Semiconductor-equipment maker KLA-Tencor (KLAC) on Tuesday said Chief Executive Officer Kenneth Schroeder would retire Jan. 1 after more than 20 years with company, and be replaced by president and chief operating officer Richard Wallace.
Primedia Inc. (PRM) said it has acquired a majority stake in Automotive.com. New York-based Primedia said the price was $72.5 million in cash for the initial 80% stake. The remaining 20% will be acquired no later than early 2010, with the price contingent on the incremental earnings generated by Automotive.com.
Wilsons the Leather Experts Inc. (WLSN) reported a third-quarter net loss of $11.7 million, or 30 cents a share, vs. a net loss of $8.49 million, or 22 cents a share, in the year-ago period. Excluding lease termination costs, severance, and other restructuring charges related to the closing of 111 stores, the loss was 15 cents a share. Revenue fell to $76.4 million from $87.9 million last year, and same-store sales fell 11.3%. Two analysts polled by Thomson First Call had estimated a loss of 17 cents a share on revenue of $76 million.
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