SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Thursday's session are Costco Wholesale Corp., Progressive Corp., Univision Communications Inc. and PetSmart Inc.
Angiotech Pharmaceuticals Inc. (ANPI) is expected to report a fourth-quarter loss of 16 cents a share, according to analysts polled by Thomson First Call.
Ciena Corp. (CIEN) is seen posting a fiscal first-quarter loss of 2 cents a share.
Costco Wholesale Corp.'s (COST) fiscal second-quarter profit is expected to be 60 cents a share.
Pep Boys (PBY) is seen posting a fourth-quarter loss of 19 cents a share.
Progressive Corp. (PGR) is expected to report a fiscal first-quarter per-share profit of $1.84.
Talbots Inc.'s (TLB) fourth-quarter earnings are expected to be 36 cents a share
Tenet Healthcare Corp. (THC) is expected to report a loss of 6 cents a share in its fourth quarter.
Univision Communications Inc.'s (UVN) fourth-quarter per-share profit is expected to be 23 cents a share.
World Wrestling Entertainment Inc. (WWE) is seen posting fiscal third-quarter earnings of 11 cents a share.
After Wednesday's closing bell, PetSmart Inc. (PETM) said fourth-quarter net income was $70.9 million, or 50 cents a share, compared with restated earnings of $65 million, or 43 cents a share, last year. See After Hours column.
ADC Telecom (ADCT) posted a small first-quarter loss after incurring acquisition-related costs and paying more money to retain key employees. See full story.
Aeropostale Inc. (ARO) said sales at stores open longer than a year, an important industry metric, dropped 5.4% in February. That was well short of Wall Street's expectations of an average increase of 3%, according to analysts reporting to Thomson First Call. Total sales rose 14.1% to $67.8 million.
Burlington Coat Factory Warehouse Corp. (BCF) said same-store sales for February rose 0.7%. The company said third-quarter same-store sales, or revenue from outlets open more than a year, was up 3.5% for the third quarter, which ended Feb. 26. Sales from continuing operations rose to $1.02 billion from last year's $968.1 million, up 5.7%.
Brisk same-store sales and widening margins helped Chico's FAS Inc. (CHS) to push its earnings up nearly 35% in the fourth quarter, but the women's-wear retailer said that looming stock-option expensing and pricey product rollouts will cool that torrid pace down a bit in the current fiscal year. See full story.
CV Therapeutics Inc. (CVTX) said the fourth-quarter net loss was $74.1 million, or $1.65 a share, compared with a net loss of $53.8 million, or $1.62 a share, during the same period last year. Analysts polled by Thomson First Call had expected a per-share loss of $1.41.
Dana Corp. (DCN) said it did not make the March 1 interest payments on its 7% senior notes due March 1, 2029, and its 6.5% senior notes due March 1, 2009. The total amount of the interest payments was $21 million. The Toledo, Ohio-based auto parts company said there is a 30-day grace period on the interest payments. Failure to make the payments by March 31 would constitute a default.
Fluor Corp. (FLR) reported a 36% jump in its fourth-quarter profit, citing improved results in most of its core business activities and a favorable tax settlement. See full story.
Foot Locker Inc. (FL) reported fourth-quarter net earnings of $96 million, or 61 cents a share, up 7.9% from $89 million, or 57 cents a share, in the year-ago period. Revenue at the New York-based retailer rose 1.9% to $1.56 billion from $1.54 billion, and same-store sales increased 3.9%. Analysts polled by Thomson First Call had forecast earnings of 55 cents a share on revenue of $1.569 billion.
General Dynamics Corp. (GD) said it will split its stock 2 for 1 and pay shareholders a 15% higher quarterly dividend. See full story.
Hovnanian Enterprises Inc. (HOV) reported a fiscal first-quarter profit that was flat compared with a year ago. See full story.
Men's Warehouse Inc. (MW) posted a 30% jump in fourth-quarter profit, as sales rose in the U.S. and Canada. See full story.
McDermott International Inc. (MDR) reported fourth-quarter net earnings of $36.1 million, or 48 cents a share, down from $42.5 million, or 61 cents, a year ago. Both periods exclude results of McDermott's Babcock & Wilcox subsidiary, which was dropped from its earnings reports from February 2000 through February 2006. Revenue for the three months ended Dec. 31 fell to $398.6 million from $473.7 million. Analysts polled by Thomson First Call had expected the company to hand in earnings of 39 cents a share.
Versant Corp. (VSNT) reported first-quarter net earnings of $776,000, or 22 cents a share, compared with $345,000, or 10 cents a share, during the year-ago period. Revenue fell to $4.63 million from $5.28 million a year ago, the Fremont, Calif.-based database management company said.