SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Thursday's session are National Semiconductor, Blockbuster Inc., DreamWorks Animation SKG Inc. and TiVo Inc.
Aeropostale (ARO) is expected to report fourth-quarter earnings of 74 cents a share, according to analysts polled by Thomson First Call.
Blockbuster Inc. (BBI) is seen posting a fourth-quarter profit of 15 cents a share.
Children's Place Retail Stores Inc.'s (PLCE) fourth-quarter results are expected to show a per-share profit of $1.63.
DreamWorks Animation SKG Inc. (DWA) is expected to post earnings of 42 cents a share in its fourth quarter.
Four Seasons Hotels Inc (FS) is seen posting fourth-quarter earnings of 26 cents a share
J. Jill Group Inc.'s (JILL) fourth-quarter per-share profit is expected to be 13 cents.
National Semiconductor (NSM) is seen posting a fiscal third-quarter profit of 32 cents a share.
PanAmSat Holdings Corp.'s (PA) fourth-quarter results are expected to show earnings of 18 cents a share.
Urban Outfitters Inc. (URBN) is expected to report fourth-quarter earnings of 21 cents a share.
After Wednesday's closing bell, TiVo Inc. (TIVO) posted a narrower quarterly loss on a higher revenue, and outlined a new pricing structure aimed at attracting customers with plans that bundle its equipment with service. See full story. See After Hours column.
Coldwater Creek Inc. (CWTR) said fourth-quarter net income was $18.9 million, or 20 cents a share, up from $11.4 million, or 12 cents a share, during the same period last year. Analysts polled by Thomson First Call had expected per-share income of 17 cents. The apparel retailer said quarterly revenue was $287.9 million, up from $204.1 million last year. Analysts were looking for revenue of $255 million.
Comtech Telecommunications Corp. (CMTL) said second-quarter net income was $13.3 million, or 50 cents a share, compared with $10.2 million, or 39 cents a share, during the same period last year. The communications equipment company said quarterly revenue was $95.7 million, up from $78.1 million last year. Comtech also named Robert Rouse to the newly created position of chief operating officer, and named Michael Porcelain chief financial officer.
Shares of Irish drugmaker Elan Corp. Plc (ELN) and its U.S. partner Biogen Idec Inc. (BIIB) rocketed following a vote by an FDA advisory committee to allow their recalled drug Tysabri back on the market. See full story.
Franklin Resources Inc. (BEN) reported preliminary assets under management of $484.6 billion as of Feb. 28, vs. $415.9 billion in the same month a year ago. The San Mateo, Calif.-based mutual-fund company, parent of the Franklin and Templeton fund groups, said it managed $206.2 billion in global and international stock funds, $82.3 billion in U.S. stock portfolios, and $82.8 billion in hybrid funds, which hold stocks and bonds.
Gemstar-TV Guide (GMST) said its fourth-quarter net income climbed more than eightfold on a gain from the December sale of its SkyMall catalogue business. The company said net income was $12.7 million, or 3 cents a share, compared with net income of $1.6 million, or nil per share, in the same quarter a year earlier. Excluding a $43.2 million pre-tax gain, Gemstar would have posted a loss from continuing operations of $16.8 million, or 4 cents a share, in the latest three months. Revenue dropped to $129.4 million from $164.8 million. Analysts polled by Thomson First Call were expecting a loss of 5 cents a share, excluding the gain.
Hughes Supply Inc (HUG) , in likely its last financial report before being brought into the Home Depot fold, said its fourth-quarter profit jumped 58% on surging demand in its water and sewer and utilities segments. See full story.
Inter Parfums Inc. (IPAR) said fourth-quarter net income was $3.89 million, or 19 cents a share, up from $3.49 million, or 17 cents a share, during the same period last year. Analysts polled by Thomson First Call had expected per-share income of 15 cents. The perfumer said quarterly revenue was $65.7 million, up from $63.8 million last year. Analysts were looking for revenue of $66 million.
Johnson & Johnson (JNJ) said its board has authorized the repurchase of up to $5 billion in common stock.
K2 Inc. (KTO) said the fourth-quarter net loss was $232.1 million, or $5.01 a share. During the same period last year, the company reported net income of $8.83 million, or 18 cents a share. Quarterly pro forma per-share income was 28 cents, up from 23 cents last year. Analysts polled by Thomson First Call had expected per-share income of 26 cents. The sports-gear company said fourth-quarter revenue was $353.5 million, up from $338.9 million last year. Analysts were looking for revenue of $342 million.
Michaels Stores Inc. (MIK) said fourth-quarter net income of $117.3 million, or 86 cents a share, compared with $103.2 million, or 75 cents a share, for the same period a year ago. Sales for the Irving, Texas-based specialty retailer rose to $1.27 billion from last year's $1.18 billion. Excluding items, income came in at 85 cents a share. Analysts polled by Thomson First Call expected earnings of 85 cents a share.
SFBC International Inc. (SFCC) reported fourth-quarter net earnings of $3.79 million, or 20 cents a share, down 36% from $5.91 million, or 38 cents a share, in the year-ago period. The company said its results do not include an estimated $17 million to $24 million impairment charge it plans to record in the quarter. Revenue rose to $116.9 million from $49.3 million and direct revenue in the quarter was $87.6 million. Analysts polled by Thomson First Call had forecast earnings of 40 cents a share on revenue of $81.9 million.
United Technologies Corp. (UTX) said Louis Chenevert has been elected president, chief operating officer and board member, effective immediately. Chenevert was formerly president of United Technologies' Pratt & Whitney unit.
Veritas DGC Inc. (VTS) reported second-quarter net earnings of $31.1 million, or 81 cents a share, up from $17.4 million, or 51 cents, a year ago. Revenue for the three months ended Jan. 31 rose to $238.9 million from $192.2 million in the year-ago period. Analysts surveyed by Thomson First Call had expected the geophysical survey company to earn 67 cents a share on $205 million in revenue.
Wind River Systems Inc. (WIND) reported a fourth-quarter profit of $10.3 million, or 11 cents a share, on revenue of $70.2 million. During the same period a year ago, the maker of software for improving device performance earned $6.36 million, or 7 cents a share, on $63.2 million in revenue. Excluding one-time items, Wind River earned 11 cents a share. Analysts surveyed by Thomson First Call estimated the company would earn 12 cents a share on $74 million in revenue.