SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Thursday's session are General Electric Co., Advanced Micro Devices Inc., New York Times Co., and Lam Research Corp.
General Electric Co. (GE) is expected to report first-quarter 39c
Jos. A. Bank Clothiers Inc. (JOSB) is seen posting a fiscal fourth-quarter profit of 98 cents a share
MGIC Investment Corp.'s (MTG) first-quarter earnings are expected to be $1.62 a share.
McClatchy Co. (MNI) is expected to post a first-quarter profit of 67 cents a share.
New York Times Co. (NYT) is seen reporting a first-quarter profit of 27 cents a share.
Tribune Co.'s (TRB) first-quarter results are expected to show a per-share profit of 36 cents.
After Wednesday's closing bell, Advanced Micro Devices Inc. (AMD) reported that its profit increased in the first quarter on a surge in sales for chips used in servers, laptops and desktop computers. See full story.See After Hours column.
A group of private-equity funds led by Stone Point Capital LLC said it has submitted a binding offer for AXA Re, the reinsurance business of French insurance giant AXA SA (AXA) . See full story.
Consolidated Graphics Inc. (CGX) said it plans to explore strategic alternatives to enhance shareholder value, including a potential sale. The Houston-based printing company said it has retained UBS Investment Bank to act as its financial adviser.
H&R Block Inc. (HRB) the largest tax-preparation company in the U.S., reported an increase in fees from the crucial tax-season period. See full story.
International Rectifier Corp. (IRF) said it is exploring the potential sale of its non-focus products business, including its Non-Aligned Products and Commodity Products segments. In its most recently reported quarter, non-focus products comprised 23 percent of company revenue. International Rectifier said these products are not considered to be aligned with the company's long-term objectives or do not meet its gross margin and revenue growth targets.
Lam Research Corp. (LRCX) reported a fiscal third-quarter profit that was up 45% from a year ago as the semiconductor-equipment maker said sales of new technology products boosted its revenue numbers. See full story.
Nanometrics Inc. (NANO) said it expects first-quarter revenue to grow 25% from the $14.2 million it recorded in the fourth quarter. The Milpitas, Calif.-based metrology equipment supplier had previously forecast first-quarter revenue growth of 15% to 20% sequentially.
Spansion Inc. (SPSN) narrowed its first-quarter loss as sales rose from a year-ago, spurred by demand for its flash memory chips used in mobile phones, the company said. See full story.
Sycamore Networks Inc. (SCMR) said it has agreed to buy Allen Organ Company-owned Eastern Research, Inc. in a cash and stock offer valued at approximately $92.5 million. Sycamore will buy the networking equipment company as a part of Allen Organ's corporate reorganization. The $92.5 million consideration will consist of $8 million in cash and approximately 17.8 million shares.
Terabeam Inc. (TRBM) said it expects a loss for the first-quarter of $2.5 million to $4.5 million, on revenue of $18 million to $19 million. The company added that is has retained Franklin Court Partners LLC to explore a variety of possible strategic alternatives for its Ricochet business, including selling some or all of Ricochet's assets.
Tesoro Corp. (TSO) said it expects first-quarter per-share income of 60 cents. Analysts polled by Thomson First Call are looking for a result of 74 cents a share. The petroleum products refiner said the "rapid rise of crude oil prices" has impacted results.
Vulcan Materials Co. (VMC) said it now expects first-quarter per-share income from continuing operations of 62 cents to 63 cents. Previously, the construction materials producer had looked for a result of 50 cents to 60 cents. Analysts polled by Thomson First Call are looking for first-quarter per-share income of 57 cents.