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Stocks to Watch, March 16: AIG, Bear Sterns and Barnes & Noble

By MarketWatch
Published | Updated

SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Thursday's session are American International Group Inc., Bear Stearns Cos., Barnes & Noble Inc. and Gymboree Corp.

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American International Group Inc. (AIG) is expected to post a per-share profit of 24 cents a share in its fourth-quarter, according to analysts polled by Thomson First Call.

Barnes & Noble Inc. (BKS) is expected to report fourth-quarter earnings of $1.75 a share.

Bear Stearns Cos. (BSC) is seen posting a fiscal first-quarter profit of $2.95 a share.

Borders Group Inc.'s (BGP) fourth-quarter per-share profit is expected to be $1.76.

Cost Plus Inc. (CPWM) is expected to post a fourth-quarter profit of 98 cents a share.

Embraer (ERJ) is seen posting fourth-quarter earnings of 76 cents a share.

Patterson-UTI Energy Inc.'s (PTEN) fourth-quarter profit is expected to be 73 cents a share.

Petco Animal Supplies (PETC) is expected to report earnings of 45 cents a share in its fourth quarter.

Stein Mart Inc. (SMRT) is seen posting a per-share profit of 40 cents in its fourth quarter.

Winnebago Industries Inc.'s (WGO) fiscal second-quarter results are expected to show a per-share profit of 38 cents a share.

After Wednesday's closing bell, Gymboree Corp. (GYMB) said it swung to a fourth-quarter profit, helped by more full-priced selling. See full story. See After Hours column.

Watch List

BioMarin Pharmaceutical Inc. (BMRN) and Serono SA (SRA) said a Phase III study of Phenoptin showed positive results. Phenoptin is an investigational therapy for PKU, a genetic disorder caused by a deficiency of the enzyme phenylalanine hydroxylase, which is required for the metabolism of phenylalanine, an essential amino acid found in most protein-containing foods.

DaimlerChrysler AG's (DCX) Chrysler Group will ask many current and former salaried workers to pay more for health care next year as the automaker grapples with higher costs in the increasingly competitive U.S. auto market. See full story.

Faro Technologies Inc. (FARO) said it will delay filing its form 10-K for 2005 as it investigates "suspicious payments" related to its foreign sales activities in China. The Lake Mary, Fla.-based company said it has notified the Securities and Exchange Commission and the Department of Justice. The company is unable to say when it will file its 2005 annual report, and said it is withdrawing its 2006 financial forecasts.

Hot Topic Inc. (HOTT) earned $10.6 million, or 23 cents a share, in its fourth quarter, down sharply from the $17.4 million, or 38 cents a share, for the year-ago period. Total sales for the teen-wear retailer came in at $230.4 million, an increase of 9%, but same-store slumped 3.8%. In the earnings report, Hot Topic also said it plans to open just 50 new stores this year, 35 fewer than it had previously announced.

International Coal Group Inc. (ICO) said fourth-quarter net income was $3.28 million, or 3 cents a share, compared with $4.25 million, or 4 cents a share, during the same period last year. Quarterly revenue was $182.1 million, up from $136.1 million last year.

Media General (MEG) said it expects first-quarter earnings in the range of 27 cents to 30 cents a share. Three analysts polled by Thomson First Call were expecting a profit of 47 cents in the latest three months. Media General said publishing division revenue growth will be 3% to 3.5%, "somewhat softer than previously expected." In February, revenue rose 4% over the same month a year earlier, to $71.9 million.

Murphy Oil Corp. (MUR) revised its production outlook for the first quarter and 2006 to 110,000 barrels of oil equivalent a day from its prior view of 115,000. The company cited the Terra Nova field, off the east coast of Canada, which has experienced equipment issues, among other items.

Providence Service Corp. (PRSC) earned $2.4 million, or 24 cents a share, in its fourth quarter, flat compared with the $2.4 million, or 25 cents a share, of the year-ago period. The 2005 figures include a 4-cent a share hit for the acceleration of stock options. Revenue came in at $41.1 million, up 39%. The average estimate of analysts polled by Thomson First Call had been for Providence to earn 23 cents a share on revenue of $38 million.

Sovereign Bancorp Inc. (SOV) increased its quarterly cash dividend 33% to 8 cents from 6 cents a share. Sovereign also declared a 5% share dividend.

True Religion Apparel Inc. (TRLG) reported fourth-quarter net earnings of $3.69 million, or 16 cents a share, up 45% from $2.55 million, or 12 cents a share, in the year-ago period. Excluding a one-time charge for a legal settlement, the company earned 22 cents a share. Revenue at the Los Angeles-based company rose to $25.5 million from $13.6 million. Analysts polled by Thomson First Call had forecast earnings of 22 cents a share on revenue of $25 million.