SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Thursday's session are Microsoft Corp., MetLife Inc., Comcast Corp., Kellogg Co. and Akamai Technologies Inc.
Aetna Inc. (AET) is expected to report fiscal second-quarter earnings of 16 cents a share, according to analysts polled by Thomson First Call.
Bristol-Myers Squibb Co. (BMY) is seen posting a first-quarter profit of 32 cents a share.
Comcast Corp.'s (CMCSA) first-quarter earnings are expected to be 14 cents a share.
Dow Chemical Co. (DOW) is expected to post a per-share profit of $1.17 in its first quarter.
Kellogg Co. (K) is seen reporting first-quarter earnings of 63 cents a share.
MetLife Inc.'s (MET) first-quarter results are expected to show a per-share profit of $1.09.
Microsoft Corp. (MSFT) is expected to report fiscal third-quarter earnings of 33 cents a share
Raytheon Co. (RTN) is seen posting a profit of 53 cents a share in its first quarter.
Reynolds American Inc.'s (RAI) first-quarter per-share profit is expected to be $1.87.
Wendy's International Inc. (WEN) is expected to post first-quarter earnings of 46 cents a share.
After Wednesday's closing bell, Akamai Technologies Inc. (AKAM) said first-quarter profit fell 18%, hurt by the cost of employee stock options, while sales at the Internet service provider surged 50%. See full story.See full story.
Amkor Technology Inc. (AMKR) reported first-quarter net earnings of $35.7 million, or 20 cents a share. During the same period a year ago, Amkor posted a net loss of $119.1 million, or 68 cents a share. Revenue at the Chandler, Ariz.-based provider of advanced semiconductor assembly and test services rose to $645.1 million from $417.5 million. Analysts polled by Thomson First Call had forecast first-quarter revenue of $619 million.
Applied Micro Circuits Corp. (AMCC) said the fourth-quarter net loss was $138.3 million, or 47 cents a share, compared with a net loss of $5.34 million, or 2 cents a share, during the same period in the prior year. On a pro forma basis, the company reported quarterly per-share income of 2 cents, up from a penny in the prior year. Analysts polled by Thomson First Call had expected per-share income of 2 cents. Revenue for the first quarter was $67 million, up from $64.2 million in the prior year. Analysts were looking for revenue of $66 million.
Avaya Inc. (AV) posted a meager increase in second-quarter profit, saying supply constraints hurt sales of its corporate-phone systems. See full story.
Business Objects SA (BOBJ) said that quarterly profit fell 18% as expenses rose and more than offset a 12% increase in revenue. See full story.
A merger and increasing demand for generic drugs helped Express Scripts Inc. (ESRX) to first-quarter profit gains, the company said. See full story.
Callaway Golf (ELY) said its first-quarter profit jumped almost 25% on the back of strong sales of its woods lineup, which includes its X460 and Fusion FT-3 drivers. See full story.
Cendant Corp. (CD) , which is in the process of breaking up into at least three separate businesses, swung to a gain during the first quarter but saw several businesses report lower operating profits. See full story.
Centex Corp. (CTX) reported fiscal fourth-quarter earnings rose 6% from the year-earlier quarter on the strength of home-building revenue. See full story.
DTE Energy Co. (DTE) , parent of utilities Detroit Edison and Michigan Consolidated Gas Co., reported an 11% rise in its quarterly profit. See full story.
Hercules Inc. (HPC) said that it tripled its first-quarter profit, with improved sales volume, higher prices and the sale of a majority stake in a subsidiary driving the gains. See full story.
InfoSpace Inc. (INSP) reported a first quarter profit that fell nearly 97% from the same period last year, when the company had the benefit of a large one-time gain related to a legal settlement. See full story.
Komag Inc. (KOMG) reported a first-quarter profit that nearly doubled from a year ago as the top maker of computer hard disks saw revenue climb on shipments of 32 million disk units. See full story.
LSI Logic Corp. (LSI) reported its quarterly net income grew four-fold, helped by cost cuts, as the chipmaker put the final touches on a broad-based reorganization. See full story.
Maxim Integrated Products Inc. (MXIM) said its fiscal third-quarter profit declined to $120.3 million, or 36 cents a share, from $125.5 million, or 37 cents a share, a year ago. Excluding options and items, the company's profit would have been $148.6 million, or 45 cents a share, meeting the average of analysts' estimates. Revenue for the period ended March 25 rose to $478.1 million from $400.2 million. Wall Street analysts, on average, expected the maker of analog and mixed-signal integrated circuits to report revenue of $480.2 million, according to a Thomson First Call survey.
Maxtor Corp. (MXO) reported a first-quarter loss that grew nearly five times from a year ago, as the disk-drive maker said that its volume growth slowed ahead of its pending acquisition by Seagate Technology (STX) . See full story.
Netgear Inc. (NTGR) reported first-quarter net earnings of $9.87 million, or 29 cents a share, up 26% from $7.9 million, or 24 cents a share, in the year-ago period. Excluding certain items, per-share earnings came in at 31 cents a share compared with 25 cents a share last year. Revenue at the Santa Clara, Calif.-based networking products company rose 17% to $127.3 million from $109 million. Analysts polled by Thomson First Call had forecast earnings of 26 cents a share on revenue of $123 million.
Redback Networks Inc. (RBAK) said its first-quarter loss narrowed to $2.6 million, or 5 cents a share, from $7.1 million, or 13 cents, a year earlier. Excluding stock option expenses, the San Jose, Calif.-based maker of networking equipment said it earned $500,000, or 1 cent a share, compared to a loss of $6 million, or 11 cents a share, a year earlier. Sales rose 69% to $57.9 million, surpassing the average estimate of analysts polled by Thomson First Call, who expected $52 million.
Photon Dynamics Inc. (PHTN) reported second-quarter net income of $2.52 million, or 13 cents a share. For the same period last year, the company reported a net loss of $10.3 million, or 61 cents a share. The flat panel display market services supplier said quarterly revenue was $50.3 million, up from $25.3 million last year.
Pulte Homes Inc. (PHM) said first-quarter earnings climbed 20% as the company moved more homes than in the year-ago period. See full story.
Sohu.com Inc. (SOHU) reported first-quarter net earnings of $6.04 million, or 16 cents a share, up 5.7% from $5.71 million, or 15 cents a share, in the year-ago period. Excluding share-based compensation expenses, the company earned $7.8 million, or 20 cents a share. Revenue rose 32% to $31.3 million from $30.5 million. Analysts polled by Thomson First call had forecast earnings of 15 cents a share on revenue of $30 million.
STATS ChipPAC Ltd. (STTS) reported first-quarter net earnings of $12 million, or a penny a share. During the same period a year ago, the company posted a net loss of $27.1 million, or a penny a share. There were 2.16 billion shares outstanding during the quarter vs. 1.95 billion a year ago. The Singapore-based provider of semiconductor test and packaging services recorded net earnings of 6 cents per American Depositary Share. Revenue rose to $385.7 million from $234.1 million.
Trident Microsystems Inc. (TRID) reported third-quarter net earnings of $6.98 million, or 11 cents a share. During the same period a year ago, the company posted a net loss of $4.51 million, or 10 cents a share. Pro forma earnings were 18 cents a share compared with 2 cents a share a year ago. Revenue at the Sunnyvale, Calif.-based provider of digital TV semiconductor technology rose to $44.7 million from $16.1 million. Analysts surveyed by Thomson First Call had forecast third-quarter earnings of 16 cents a share on revenue of $41 million.
Xilinx Inc. (XLNX) said its fourth-quarter net income rose to $110.7 million, or 32 cents a share, up from $67.2 million, or 19 cents a share, in the year-earlier period. Sales climbed 21% to $472.3 million. The San Jose, Calif.-based company also said it plans to raise its quarterly cash dividend to 9 cents a share, up from 7 cents a share.
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