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Stocks to Watch, Feb. 28: Teva, Autodesk and Staples

By MarketWatch
Published | Updated

SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Tuesday's session are Teva Pharmaceutical Industries Ltd., Autodesk Inc., Staples Inc., H.J. Heinz Co., and Williams Cos.

Autodesk Inc. (ADSK) is expected to report fourth-quarter earnings of 35 cents a share, according to analysts polled by Thomson First Call.

Fresh Del Monte Produce Inc. (FDP) is seen posting a fourth-quarter profit of a penny a share.

H.J. Heinz Co.'s (HNZ) third-quarter earnings are expected to be 56 cents a share.

Hospira Inc. (HSP) is expected to post earnings of 45 cents a share in its fourth quarter .

Invitrogen Corp. (IVGN) is seen reporting a fourth-quarter per-share profit of 88 cents.

Pacific Sunwear's (PSUN) fourth-quarter earnings are expected to be 63 45 cents a share

Staples Inc. (SPLS) is expected to report a per-share profit of 38 cents a share in its fourth quarter

Teva Pharmaceutical Industries (TEVA) is seen posting fourth-quarter earnings of 43 cents a share.

Vornado Realty Trust's (VNO) fourth-quarter per-share profit is expected to be 42 cents a share.

Williams Cos. (WMB) is expected to post earnings of 31 cents a share in its fourth quarter.

After Monday's closing bell, Shanghai-based Shanda Interactive Entertainment Ltd. (SNDA) reported it swung to a fourth-quarter loss as revenue declined. See full story. See After Hours column.

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Alleghany Corp. (Y) said fourth-quarter net income was $52.6 million, compared with $53.9 million during the same period last year, while revenue was $306.9 million, compared with $273.3 million a year ago.

Conseco Inc. (CNO) reported fourth-quarter net earnings applicable to common shareholders of $67.6 million, or 42 cents a share, compared with $76.9 million, or 46 cents a share, during the year ago period. Net income came in at $77.1 million, or 45 cents a share, vs. $86.4 million, or 51 cents a share, a year ago. Net operating income was 44 cents vs. 42 cents a share. Analysts polled by Thomson First Call had forecast fourth-quarter earnings of 45 cents a share. Revenue at the Carmel, Ind.-based insurance company fell to $1.08 billion from $1.11 billion a year ago. Two analysts had estimated revenue of $1.09 billion for the quarter.

Dominion Homes Inc. (DHOM) said fourth-quarter net income was $991,000, or 12 cents a share, compared with $1.02 million, or 12 cents a share, during the same period last year. The homebuilder said quarterly revenue was $111.5 million, compared with $115.5 million last year.

Dycom Industries Inc. (DY) reported fiscal second-quarter net earnings of $3.87 million, or 10 cents a share, compared with $7.37 million, or 15 cents a share, during the year-ago period. Revenue at the Palm Beach Gardens, Fla.-based provider of specialty contracting services rose to $244.1 million from $224.5 million a year ago. Analysts surveyed by Thomson First Call had forecast second-quarter earnings of 8 cents a share on revenue of $213 million.

Kindred Healthcare Inc. (KND) reported fourth-quarter net earnings of $25.6 million, or 59 cents a share, up 32% from $19.4 million, or 46 cents a share, in the year-ago period. Revenue at the Louisville, Ky.-based company rose 11% to $989 million from $893.2 million

KongZhong Corp. (KONG) said fourth-quarter net income was $6.26 million, or 17 cents per American depositary share, compared with $6.6 million, or 19 cents a share, during the same period last year. Analysts polled by Thomson First Call had expected per-share income of 20 cents. The provider of wireless entertainment said quarterly revenue was $22.1 million, compared with $16.5 million last year.

An acquisition in Brazil and store closings in the U.K. will lead McDonald's Corp. (MCD) to take about $60 million in pre-tax charges in the first quarter, the fast-food giant told federal regulators. See full story.

Nuvelo Inc. (NUVO) reported a fourth-quarter net loss of $20.9 million, or 49 cents a share, vs. a net loss of $13 million, or 40 cents a share, in the year ago period. There were 42.9 million shares outstanding compared with 32.2 million last year. Revenue at the San Carlos, Calif.-based pharmaceutical company rose to $183,000 from $43,000 last year. Analysts polled by Thomson First Call had forecast a loss of 47 cents a share on revenue of $180,000.

PDL BioPharma Inc. (PDLI) reported a fourth-quarter net loss of $23.1 million, or 22 cents a share, vs. a net loss of $14.6 million, or 15 cents a share, in the year-ago period. Excluding certain items, the company reported a profit of 6 cents a share compared with a loss of 12 cents a share last year. Revenue at the Fremont, Calif.-based biopharmaceutical company rose to $83.7 million from $22.8 million last year. Analysts surveyed by Thomson First Call had forecast revenue of $88 million.

PMC Sierra Inc. (PMCS) reaffirmed its first-quarter sales outlook. The Santa Clara, Calif.-based chip developer expects revenue to be in the range of $78 million to $80 million. It said its $425 million cash acquisition of the former storage-chip business of Agilent Technologies will close by March 1.

Teleflex Inc. (TFX) said fourth-quarter net income was $35.5 million, or 87 cents a share. During the same period last year, the company reported a net loss of $71.6 million, or $1.77 a share. The diversified industrial company said quarterly revenue was $646.6 million, compared with $645 million last year.

ValueClick Inc. (VCLK) reported fourth-quarter net income of $13.6 million, or 13 cents a share. The online marketing company did not provide year-ago comparisons, saying it will restate its financial reports for fiscal 2004 and for the first three quarters of 2004 and 2005 due to an error related to its 2004 income tax benefit and its deferred income tax assets. It expects to revise its fiscal 2004 net earnings to $32.9 million, or 39 cents a share, from reported net income of $87.9 million, or $1.05 a share. ValueClick also raised its 2006 revenue forecast to a range of $490 million to $500 million from $480 million to $500 million. It also forecast first-quarter revenue of $110 million to $112 million.