SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Friday's session are General Motors Corp., American International Group Inc. and Petco Animal Supplies Inc.
Among the companies whose shares are expected to see active trade in Friday's session are General Motors Corp., American International Group Inc. and Petco Animal Supplies Inc.
After Thursday's closing bell, General Motors Corp. (GM) late Thursday said its 2005 loss will be $2 billion steeper than it originally reported. See full story.
American International Group Inc. (AIG) said its fourth-quarter profit fell 72% after booking more than $2 billion of charges for regulatory settlements and increased reserves. See full story. See After Hours column.
Andrx Corp. (ADRX) said fourth-quarter net income was $8.26 million, or 11 cents a share, compared with $20.8 million, or 28 cents a share, during the same period last year. The pharmaceutical concern said quarterly revenue was $245 million, compared with $290.6 million last year. Analysts polled by Thomson First Call had expected revenue of $254 million.
Borders Group Inc. (BGP) said its fourth-quarter net income declined compared with last year's but a lower share count led to a higher per-share profit. Net income slumped 3% to $119.1 million, or $1.78 a share, compared with last year's profit of $122.8 million, or $1.62 a share. Same-store sales at the Borders domestic units climbed 2.5%. Borders said, however, that it is looking at a deeper first-quarter loss in a range of 20 cents to 30 cents a share.
California Micro Devices Corp. (CAMD) said it expects fourth-quarter net income of 7 cents to 8 cents a share on revenue of $16.5 million to $17.5 million. For the full year, the semiconductor products company expects per-share income of 29 cents to 30 cents on revenue of $69.3 million to $70.3 million. The company also said Chief Financial Officer R. Gregory Miller has resigned. Kevin Berry was named interim CFO.
Cintas Corp. (CTAS) reported third-quarter net income of $77.7 million, or 46 cents a share, compared with $71.3 million, or 41 cents a share, for the same period a year ago. The Cincinnati-based uniform company said sales were $836.4 million vs. last year's $755.2 million. Earnings per share were in line with average estimates from analysts polled by Thomson First Call.
EOn Communications Corp. (EONC) reported second-quarter net earnings of $607,000, or 5 cents a share. In the same period last year, the company reported a net loss of $528,000, or 4 cents a share. Revenue at the Atlanta-based company rose 16% to $2.96 million from $2.55 million.
Google Inc. (GOOG) expects capital expenditures in 2006 to be "significantly greater" than 2005, according to the company's annual form 10-K, which was filed late Thursday with the Securities and Exchange Commission. The Mountain View, Calif.-based Internet search giant's capital expenditures were $838.2 million in 2005 compared with $319 million in 2004. In a separate filing, Google said it expects is acquisition of a 5% stake in AOL from Time Warner Inc. to close by the end of the second quarter.
Petco Animal Supplies Inc. (PETC) reported fourth-quarter net income of $26.8 million, or 46 cents a share, compared with $26.3 million, or 45 cents a share for the same period a year ago. Sales were $541.5 million vs. last year's $492.3 million. Excluding one-time charges, the company would have reported earnings per share of 49 cents. Analysts polled by Thomson First Call expected the company, on average, to bring in 45 cents a share. The company also said its board has authorized a $100 million share buyback program.
RF Monolithics Inc. (RFMI) reported second-quarter net earnings of $140,000, or 2 cents a share, compared with $221,000, or 3 cents a share, during the year-ago period. Revenue at the Dallas-based supplier of radio frequency wireless solutions rose 13% to $12.7 million from $11.3 million.
Tektronix Inc. (TEK) reported fiscal third-quarter net earnings of $26.5 million, or 32 cents a share, vs. $26.8 million, or 30 cents a share, in the year-ago period. There were 83.3 million shares outstanding compared with 90.7 million last year. Excluding certain items, the company's profit came in at 37 cents a share compared with 31 cents a share a year ago. Revenue at the Beaverton, Ore.-based provider of technology measurement solutions rose to $262.1 million from $256.3 million. Analysts polled by Thomson First Call had forecast earnings of 33 cents a share on revenue of $263 million.
UTStarcom Inc. (UTSI) predicted it would fall into a loss for 2005 despite an expected 9.3% rise in revenue. The news was delivered along with word the company would delay its 2005 annual filing with regulators. UTStarcom, which makes infrastructure systems for networks among other things, predicted a loss of $462 million for the year, reversing a profit of $73.4 million the previous year. It pegged revenue at $2.95 billion, up from $2.7 billion a year ago.