SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Tuesday's session are Deere & Co., Waste Management Inc., Cendant Corp., Qwest Communications Inc. and Abercrombie & Fitch Co.
Abercrombie & Fitch Co. (ANF) is expected to report fourth-quarter earnings of $1.78 a share, according to analysts polled by Thomson First Call.
Ameren Corp. (AEE) is seen posting a fourth-quarter profit of 21 cents a share.
Cephalon Inc.'s (CEPH) fourth quarter is expected to show a per-share profit of 74 cents.
Deere & Co. (DE) is expected to post fiscal first-quarter earnings of 83 cents a share.
Marsh & McLennan Cos. (MMC) is seen posting a profit of 31 cents a share in its fourth quarter.
Masco Corp.'s (MAS) fourth-quarter per-share profit is expected to be 50 cents.
Outback Steakhouse Inc. (OSI) is expected to report fourth-quarter earnings of 55 cents a share.
Qwest Communications Inc. (Q) is seen posting a fourth-quarter loss of 5 cents a share.
Transocean Inc.'s (RIG) fourth-quarter results are expected to show a per-share profit of 48 cents.
Waste Management Inc. (WMI) is expected to see a per-share profit of 40 cents in its fourth quarter.
After Monday's closing bell, Cendant Corp. (CD) posted a fourth-quarter profit 50% higher than the same period last year, but offered a reduced outlook for the first quarter. See full story. See full story.
3M Co. (MMM) increased its quarterly dividend 9.5%, to 46 cents a share from 42 cents. The dividend is payable March 12 to shareholders as of Feb. 24. 3M has also approved an annual share buyback of $2 billion that runs through February of 2007.
Amgen Inc. (AMGN) said it plans to offer $2 billion in convertible senior notes due 2011 and $2 billion in convertible senior notes due 2013. The company expects to use the proceeds from the offering and those from warrant transactions to purchase $3 billion worth of shares of its common stock, some of which may be purchased at the same time as the closing of the notes sale.
AMR Corp. (AMR) said Chief Financial Officer James Beer plans to leave the company to take a CFO position with software company Symantec Corp. (SYMC) . Beer will remain with the company as its CFO through the filing of AMR's annual report, the company said.
Arch Capital Group (ACGL) said fourth-quarter net income fell 6%. See full story.
Blackboard Inc. (BBBB) said fourth-quarter net income was $23.1 million, or 79 cents a share, compared with $4.73 million, or 17 cents a share, during the same period last year. The company said quarterly cash net income was $23.2 million, or 79 cents a share, compared with $5.61 million, or 20 cents a share, last year. Analysts polled by Thomson First Call had expected per-share income of 26 cents. The education software provider said quarterly revenue was $35.7 million, compared with $30.1 million last year. Analysts were looking for revenue of $36 million.
Bob Evans Farms Inc. (BOBE) said third-quarter net income was $14 million, or 39 cents a share, compared with $6.64 million, or 19 cents a share, during the year-earlier period. Analysts polled by Thomson First Call had expected per-share income of 25 cents. The restaurant operator said quarterly revenue was $399.5 million, compared with $381 million last year. Analysts were looking for revenue of $391 million.
Bois d'Arc Energy Inc. (BDE) said fourth-quarter net income was $10.4 million, or 16 cents a share, compared with $7.61 million last year. The energy exploration company went public in May, and did not provide a net income per-share result for the same period last year. Quarterly revenue was $48.8 million, compared with $35.4 million last year.
Cutera Inc. (CUTR) reported fourth-quarter net earnings of $5.81 million, or 41 cents a share, compared with $2.07 million, or 16 cents a share, during the same period a year ago. The Brisbane, Calif.-based laser technology company posted revenue of $24 million vs. $16.1 million. Analysts surveyed by Thomson First Call had forecast fourth-quarter earnings of 30 cents a share on revenue of $22 million.
Genesee & Wyoming Inc. (GWR) said the company and its joint-venture partner, Wesfarmers Ltd. (WFAFF) have agreed to sell their Western Australia operations and certain other assets of the Australian Railroad Group to Queensland Rail and Babcock & Brown Limited for A$1.3 billion ($956 million). The deal includes certain additional completion adjustments, estimated to be A$25 million ($18 million), and is expected to close in the second quarter. Genesee expects to record an after-tax gain of $107 million, and to receive $205 million after making provisions for U.S. and Australian taxes.
Hoku Scientific Inc. (HOKU) revised its fourth-quarter revenue forecast to $1.4 million. Kapolei, Hawaii-based Hoku said the revision is due to a delay in the demonstration system installation under a fuel cell contract with the U.S. Navy. Hoku also said it has been awarded a new contract by Nissan Motor Co. (NSANY) . Financial terms weren't disclosed. Hoku is developing hydrocarbon-based membranes and membrane electrode assemblies for Nissan's fuel cell cars and trucks.
IVillage Inc. (IVIL) reported fourth-quarter net earnings of $8.85 million, or 11 cents a share, vs. $2.39 million, or 3 cents a share, in the year-ago period. Revenue rose to $30.1 million from $18.2 million. Analysts polled by Thomson First Call had forecast earnings of 12 cents a share on revenue of $28 million.
Lexar Media Inc. (LEXR) said it expects a fourth-quarter net loss of $17 million to $21 million, or 21 cents to 26 cents a share. During the same period last year, the maker of memory products said its net loss was $63.3 million, or 80 cents a share. Analysts polled by Thomson First Call are looking for per-share income of 4 cents. Lexar said it expects fourth-quarter revenue of $240 million to $245 million, compared with $189 million last year, and an overall gross margin of 6% to 8%. Analysts are looking for revenue of $226 million. Lexar said it will discuss the quarter's results on March 6.
Lincoln National Corp. (LNC) reported fourth-quarter results that topped analyst expectations. See full story.
Palm Inc. (PALM) declared a 2-for-1 split of its common stock to be effected in the form of a stock dividend. The Sunnyvale, Calif.-based mobile computing company said additional shares will be distributed March 14 to shareholders as of Feb. 28.
Radyne Corp. (RADN) said fourth-quarter net income was $4.29 million, or 24 cents a share, compared with $2.98 million, or 18 cents a share, during the year-earlier period. Quarterly revenue was $36.8 million, compared with $16.8 million last year.
Suntech Power Holdings Co. (STP) said fourth-quarter net income was $10.6 million, or 9 cents a share, compared with $11 million, or 12 cents a share, during the year-earlier quarter. The solar energy company said quarterly revenue was $89 million, compared with $37.7 million last year. Looking forward, Suntech sees first-quarter revenue of $75 million to $80 million.