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Stocks to Watch, March 28: Paychex, Red Hat

Among the companies whose shares are expected to see active trade in Tuesday's session are Paychex Inc., Lennar Corp., Tiffany & Co. and Red Hat Inc.

H.B. Fuller Co. (FUL) is expected to report fiscal first quarter earnings of 27 cents a share, according to analysts polled by Thomson First Call.

Lennar Corp. (LEN) is seen posting a per-share profit of $1.54 in its fiscal first quarter.

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Paychex Inc.'s (PAYX) fiscal third-quarter results are expected to show earnings of 31 cents a share.

Red Hat Inc. (RHAT) is expected to post a fourth-quarter profit of 12 cents a share.

Tibco Software Inc. (TIBX) is seen posting fiscal first-quarter earnings of 5 cents a share.

Tiffany & Co.'s (TIF) fourth-quarter per-share profit is expected to be 84 cents a share.

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Charles & Colvard (CTHR) said it expects first-quarter sales of $7.5 million to $8.4 million, compared with $11.2 million during the same period last year. The two analysts polled by Thomson First Call are looking for quarterly revenue of $12 million. See After Hours column.

ElkCorp (ELK) lowered its fiscal third-quarter earnings forecast to a range of 40 cents to 43 cents a share from its earlier range of 50 cent to 53 cents a share. The Dallas-based roofing manufacturer also said it now expects fiscal 2006 per-share earnings to come in at the low end of its previously forecast range of $2.25 to $2.40.

The Interpublic Group of Companies (IPG) told investors it expects to post a double-digit operating margin by 2008, after it cycles through a series of issues, including the loss of several advertising clients, over the remainder of 2006 and 2007. Chairman Michael Roth cautioned, however, that the company's attainment of its goal will depend on the overall ad environment, which has been sluggish for more than three years.

Luby's Inc. (LUB) reported fiscal second-quarter net earnings of $3.3 million, or 12 cents a share, up 26% from $2.63 million, or 10 cents a share, in the year-ago period. Revenue at the Houston-based restaurant chain rose 5.7% to $75 million from $71 million, while same-restaurant sales rose 6.7%.

Manitowoc Co. (MTW) said it expects its first-quarter per-share profit to be at least 20 cents higher than the current Wall Street consensus estimate of 62 cents. The construction equipment provider also raised its 2006 earnings forecast to a range of $3.75 to $4 a share from its earlier range of $3.30 to $3.60 a share. Analysts polled by Thomson First Call are expecting 2006 earnings of $3.65 a share.

Medtronic Inc. (MDT) said the Food and Drug Administration has approved its AneuRx AAAdvantage abdominal aortic aneurysm stent graft with Xcelerant delivery system. AneuRx AAAdvantage is a device to treat bulges in the aorta artery.

Mentor Corp. (MNT) said it has received a binding $463 million offer from Coloplast AS to purchase Mentor's surgical urology and clinical and consumer healthcare business segments. Santa Barbara, Calif.-based Mentor said it has agreed to negotiate exclusively with Coloplast during the irrevocable period of the offer.

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