SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Monday's session are Walt Disney Co., Yum Brands Inc., Anadarko Petroleum and Spansion Inc.
Activision Inc. (ATVI) is expected to report fiscal third-quarter earnings of 36 cents a share, according to analysts polled by Thomson First Call.
Anadarko Petroleum Corp. (APC) is seen posting a fourth-quarter profit of $3.35 a share.
Hasbro Inc.'s (HAS) fourth-quarter earnings are expected to come in at 58 cents a share.
Humana Inc. (HUM) is expected to post a profit of 45 cents a share in its fourth quarter.
Nabors Industries Ltd. (NBR) is seen posting a per-share profit of $1.13 in its fourth quarter.
Principal Financial Group Inc.'s (PFG) fourth-quarter earnings are expected to be 72 cents a share.
Simon Property Group Inc. (SPG) is expected to report a profit of 59 cents a share in its fourth quarter.
Sohu.com Inc. (SOHU) is seen posting per-share earnings of 21 cents in its fourth quarter.
Temple-Inland Inc.'s (TIN) fourth-quarter per-share profit is expected to be 27 cents.
Walt Disney Co. (DIS) is expected to report a profit of 30 cents a share in its fiscal first quarter
Yum Brands Inc. (YUM) is seen posting a fourth-quarter per-share profit of 78 cents.
After Friday's closing bell, Spansion Inc. (SPSN) said its chief financial officer has resigned and the chipmaker's board has approved a new management structure. See full story. See After Hours column.
Boston Scientific Corp. (BSX) called its meeting with the Food and Drug Administration "productive," and said the company "reviewed with the FDA a path to resolve the issues they have identified." Last week, the medical device maker said it had received another FDA warning letter stating that the quality-control systems at several of its facilities were still inadequate, even after receiving prior warnings. "We take these issues very seriously and are making progress addressing them," Boston Scientific Chief Executive Jim Tobin said in a statement. "Resolving these issues is our highest priority."
Chicago Bridge & Iron Co. (CBI) said it has terminated Gerald Glenn, its chief executive, chairman and president, and Robert Jordan, chief operating officer. The supervisory board elected Philip Asherman as CEO and president and Jerry Ballengee as non-executive chairman, the engineering and construction company said. Additionally, the company said all of its previous 2005 earnings outlooks are "no longer operative." CB&I said, when given, any future forecasts will be subject to closing the books for 2005 and the completion of the audit committee's previously announced ongoing investigation.
Granite Construction Inc. (GVA) raised its 2005 earnings forecast to a range of $1.95 to $2 a share. The Watsonville, Calif.-based civil contractor and construction materials company had previously forecast a per-share profit of $1.55 to $1.60. The company said the improved results are primarily driven by continued strong demand for construction services and materials, as well as the ability to work late into the fourth quarter due to mild winter weather conditions in the West.
Jones Apparel Group Inc. (JNY) said it has completed the sale of its Polo Jeans Co. business to Polo Ralph Lauren Corp. (RL) for $355 million. Jones also said the company and Polo Ralph Lauren have settled their pending litigation.
Irwin Financial Corp. (IFC) said fourth-quarter net income was $6.5 million, or 23 cents a share, compared with $13.9 million, or 47 cents a share, during the year-earlier period. The bank said quarterly net interest income after provision for losses was $62 million, compared with $61 million last year. Non-interest income was $22 million, down from $60 million in the prior-year period.
Merck & Co. (MRK) said the Food and Drug Administration has approved Rotateq, a rotavirus gastroenteritis vaccine to treat diarrhea in infants and young children.
Nautilus Inc. (NLS) reported fourth-quarter net earnings of $2.77 million, or 8 cents a share, compared with $14.2 million, or 42 cents a share, during the same period a year ago. The Vancouver, Wash.-based fitness company posted revenue of $181.3 million vs. $169.6 million. Analysts surveyed by Thomson First Call had forecast fourth-quarter earnings of 10 cents a share on revenue of $181 million.
Pacific Gas and Electric Co. (PCG) said it has agreed to pay $295 million to resolve litigation related to the use of chromium at three of the company's gas compressor stations in the 1950s, 1960s and 1970s. The San Francisco-based energy company said the settlement resolves more than 10 years of litigation and closes substantially all of the outstanding chromium-related claims against it. "In the 1960s, some PG&E workers became aware that chromium was present in groundwater wells near our operations and, regrettably, the facts suggest that they did not share that information with others in the company or the public at the time," the company said in a statement.