SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Friday's session are Hewlett-Packard Co., Walt Disney Co., Gap Inc. and Starbucks Corp.
Ann Taylor Stores Corp. (ANN) are expected to report third-quarter earnings of 37 cents a share, according to analysts polled by Thomson First Call.
Cost Plus Inc. (CPWM) is seen posting a third-quarter loss of 12 cents a share.
Kirkland's Inc.'s (KIRK) third-quarter is expected to show a loss of 14 cents a share.
After Thursday's closing bell, Hewlett-Packard Co. (HPQ) reported fiscal fourth-quarter profit fell 62% from a year ago, as the company recorded more than $1 billion in restructuring charges.
Autodesk Inc. (ADSK) said its third-quarter profit jumped 28% as revenue climbed sharply higher on strong demand across its product lines and markets.
BEA Systems Inc. (BEAS) said its third-quarter profit rose 11% as revenue climbed on solid demand for its infrastructure software and strength in the Americas region.
Biogen Idec Inc. (BIIB) and Elan Corp. PLC (ELN) said the supplemental biologics license application for Tysabri for the treatment of multiple sclerosis has been accepted and designated for priority review by the Food and Drug Administration. The companies expect action by the FDA six months from the submission date. The submission was announced on Sept. 26.
Ditech Communications Corp. (DITC) after the closing bell on Thursday reported a fiscal second-quarter net loss of $1.39 million, or 4 cents a share. During the same period a year ago, Ditech reported net earnings of $45.8 million, or $1.27 a share. The Mountain View, Calif.-based telecommunications equipment provider posted revenue of $10.5 million vs. $24.3 million. Analysts surveyed by Thomson First Call had forecast second-quarter revenue of $10 million.
Foot Locker Inc. (FL) reported third-quarter net earnings of $66 million, or 42 cents a share, down 12% from $74 million, or 47 cents a share, in the year-ago period. Revenue at the New York-based retailer rose to $1.41 billion from $1.37 billion last year, and same-store sales rose 2.7%. Analysts polled by Thomson First Call had estimated earnings of 43 cents a share on revenue of $1.41 billion.
Gap Inc. (GPS) turned in a sharply lower third-quarter profit and pulled down its full-year expectations amid weak sales.
General Motors Corp. (GM) Chief Executive Rick Wagoner told employees in a memo Wednesday that it doesn't plan to file for a bankruptcy reorganization, according to a filing with the Securities and Exchange Commission. "That is not only unnecessary; it would be clearly contrary to the interests of our employees, our stock and bond holders, our dealers, and our suppliers and importantly, our customers," Wagoner said in the memo.
H&R Block Inc. (HRB) cut its full-year profit target after competition and rising rates in the mortgage market crimped the performance of the tax-preparation company's home-loan business.
Hibbett Sporting Goods Inc. (HIBB) reported third-quarter net earnings of $8.17 million, or 24 cents a share, up 33.6% from $6.11 million, or 17 cents a share, during the same period a year ago. The Birmingham, Ala.-based sporting goods retailer posted revenue of $110.6 million vs. $92.1 million. Analysts surveyed by Thomson First Call had forecast third-quarter earnings of 22 cents a share on revenue of $105 million. Hibbett also approved an additional $40 million to its share buyback program.
Hughes Supply Inc. (HUG), citing strong demand for its construction materials and maintenance products, delivered on its recently revised earnings forecast with a 35% jump in profit.
Linktone Ltd. (LTON) reported third-quarter earnings of $4.05 million, or 15 cents per American depositary share, up 43% from $2.83 million, or 10 cents per ADS, in the year-ago period. Revenue at the China-based wireless media company rose to $20.5 million from $13.3 million last year. Gross margin was 61% compared with 68% a year ago. Two analysts polled by Thomson First Call had estimated earnings of 14 cents per ADS on revenue of $18 million.
Marvell Technology Group Ltd. (MRVL) reported its third-quarter profit doubled from a year-ago.
Nordstrom Inc. (JWN) said its third-quarter profit rose 38% from a year earlier on higher-than-expected sales at stores the company has owned at least a year.
Sports Authority Inc. (TSA) reported third-quarter net earnings of $3.46 million, or 13 cents a share. In the same period last year, the company posted a net loss of $2.75 million, or 11 cents a share. Revenue at the Englewood, Colo.-based retailer rose to $559 million from $545 million, and same-store sales rose 1.2%. Analysts polled by Thomson First Call had estimated revenue of $562 million.
Starbucks Corp. (SBUX) rode new store openings and a nice bump in same-store sales to a 23% revenue increase in its fiscal fourth quarter as the coffee shop chain's profit surpassed Wall Street estimates.
Walt Disney Co. (DIS) said its net income was off 26.6% during the fourth quarter, due mostly to underperforming films, but its per-share profit beat analysts' expectations and sales also climbed during the period.