SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Wednesday's session are Google Inc., Time Warner Inc., Boeing Co., Starbucks Corp. and Anheuser-Busch Cos.
Anheuser-Busch Cos. (BUD) is expected to report fourth-quarter earnings of 27 cents a share, according to analysts polled by Thomson First Call.
Boeing Co. (BA) is seen posting a fourth-quarter profit of 45 cents a share.
Duke Energy Corp.'s (DUK) fourth quarter is expected to show a per-share profit of 36 cents a share.
HCA Inc. (HCA) is expected to post earnings of 69 cents a share in its fourth quarter.
JDS Uniphase Corp. (JDSU) is seen posting breakeven results on a per-share basis in its fiscal second quarter.
Monster Worldwide Inc.'s (MNST) fourth-quarter results are expected to show earnings of 28 cents a share.
PepsiAmericas Inc. (PAS) is expected to report a fourth-quarter per-share profit of 28 cents.
Pulte Homes Inc. (PHM) is seen posting earnings of $1.97 a share in its fourth quarter.
Starbucks Corp.'s (SBUX) fiscal first-quarter earnings are expected to be 20 cents a share.
Time Warner Inc. (TWX) is expected to report a fourth-quarter profit of 22 cents a share.
Tribune Co. (TRB) is seen posting earnings of 56 cents a share in its fourth quarter.
After Tuesday's closing bell, Google Inc. (GOOG) said fourth-quarter profit rose 82%. However, its earnings excluding certain charges fell well short of Wall Street estimates, hurt by a higher-than-expected tax rate. See full story. See After Hours column.
Ace Ltd. (ACE) reported a 15% drop in fourth-quarter net income after the Bermuda-based insurer and reinsurer was hit by further losses from last year's unprecedented hurricane season. See full story.
Allstate Corp. (ALL) reported fourth-quarter profit that fell below analyst estimates as the insurer absorbed more costs from last year's unprecedented hurricane season. See full story.
Archipelago Holdings (AX) , which absorbed $34.7 million in merger costs, reported a $7.6 million loss in its last full quarter as an independent company. See full story.
Arthur J. Gallagher (AJG) said fourth-quarter profit declined 85%. Net income was $7.5 million, or 8 cents a share, vs. $49.1 million, or 52 cents a share, a year earlier, the insurance broker reported. Revenue was $376.1 million vs. 373.4 million, the company added.
Atmel Corp. (ATML) reported fourth-quarter net earnings of $53.8 million, or 11 cents a share. Last year, the semiconductor maker lost $7.1 million, or 1 cent a share. Revenue came in at $425.2 million compared with $408.3 million last year. Analysts surveyed by Thomson First Call were expecting Atmel to post a per-share loss of 1 cent on revenue of $428 million.
Vaccine vendor Chiron Corp. (CHIR) reported improved fourth-quarter earnings. See full story.
Chubb Corp. (CB) reported profit that topped analyst estimates. Net income came in at $614 million, or $2.92 a share, vs. $468 million, or $2.39 a share, in the fourth quarter of 2004, the insurer reported. Operating income, which excludes net realized investment gains and losses, reached a record $493 million, or $2.34 a share, in the period. That was ahead of the average estimate of 23 analysts in a Thomson First Call poll who were expecting profit of $2.14 a share. Chubb forecast 2006 operating income per share in the range of $8.60 to $9.00 a share.
Apartment real estate investment trust Equity Residential (EQR) said fourth-quarter funds from operations, a common profitability measure for REITs, rose from the year-ago period. See full story.
Flextronics International (FLEX) reported a third-quarter profit that fell 57% from a year ago due to more charges coming from restructuring efforts as well as a decline in overall sales. See full story.
Jones Lang LaSalle Inc. (JLL) reported fourth-quarter net earnings of $66.9 million, or $2.11 a share, up 34% from $50 million, or $1.62 a share. Revenue rose 21% to $499 million from $412.4 million a year ago, said the real estate and money management services provider.
Maxtor Corp. (MXO) cut its fourth-quarter loss by almost 80% as the company shipped almost 14 million disk drives and recorded gains from the sale of property and other investments. See full story.
Pixelworks Inc. (PXLW) reported a fourth-quarter net loss of $35.9 million, or 75 cents a share. Last year, the integrated circuits maker posted a profit of $4 million, or 8 cents a share. Its loss on a pro forma basis was $32 million, or 67 cents a share. Revenue rose to $43.3 million from $38.5 million last year. Pixelworks forecast a first-quarter net loss of 19 cents to 22 cents a share and a pro forma loss of 8 cents to 11 cents a share. It sees first-quarter revenue of $39 million to $43 million and a net gross profit margin of 40% to 42%.
Powerwave Technologies Inc. (PWAV) said fourth-quarter net income was $19.2 million, or 15 cents a share. During the same period last year, the Santa Ana, Calif.-based wireless technology company reported a net loss of $41.5 million, or 41 cents a share. PowerWave reported quarterly revenue of $258.7 million, compared with $156.4 million last year. Analysts polled by Thomson First Call had expected quarterly revenue of $262 million.
SigmaTel Inc. (SGTL) reported fourth-quarter net earnings of $4.65 million, or 12 cents a share, down 76% from $19.5 million, or 52 cents a share, last year. Pro forma net income was $6 million, or 16 cents a share, while revenue rose to $82 million from $78.6 million. Analysts polled by Thomson First Call had forecast earnings of 15 cents a share on revenue of $84 million. The Austin, Texas-based semiconductor company forecast a first-quarter loss of 10 cents to 17 cents a share, or a penny to 8 cents a share on a pro forma basis, on revenue of $52 million to $60 million. Analysts are looking for a first-quarter per-share profit of 10 cents a share on revenue of $76 million.
Symantec Corp. (SYMC) said its quarterly net profit sank, weighed down by charges following its big acquisition of Veritas Software. See full story.
Vulcan Materials Co. (VMC) reported a 6% higher fourth-quarter profit, pinning the improvement on higher product prices and stronger sales. See full story.
Zhone Technologies Inc. (ZHNE) reported a fourth-quarter net loss of $107.2 million, or 73 cents a share, compared with a net loss of $3.84 million, or 4 cents a share, during the same period a year ago. Pro forma earnings were a penny a share for the quarter. The Oakland, Calif.-based communications equipment company posted revenue of $53.2 million vs. $28.1 million.