SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Tuesday's session are Verizon Communications, Archer Daniels Midland Co., Electronic Data Systems, Hilton Hotels Corp. and PortalPlayer Inc.
Alcan Inc. (AL) is expected to report first-quarter earnings of $1.07 a share, according to analysts polled by Thomson First Call.
Archer Daniels Midland Co. (ADM) is seen posting a fiscal third-quarter profit of 46 cents a share.
Duke Energy Corp.'s (DUK) first-quarter per-share profit is expected to be 49 cents.
Electronic Data Systems (EDS) is expected to report earnings of 8 cents a share in its first quarter.
Hilton Hotels Corp. (HLT) is seen posting a first-quarter profit of 18 cents a share.
InterActiveCorp's (IACI) first-quarter results are expected to show a per-share profit of 27 cents.
Molson Coors Brewing Co. (TAP) is expected to report first-quarter earnings of 13 cents a share.
Sirius Satellite Radio Inc.'s (SIRI) first-quarter loss is expected to be 36 cents a share.
St. Paul Travelers Cos. (STA) is seen reporting a first-quarter per-share profit of $1.29.
Verizon Communications (VZ) is expected to report first-quarter earnings of 59 cents a share.
After Monday's closing bell, PortalPlayer Inc. (PLAY) reported first-quarter net earnings of $6.53 million, or 26 cents a share, down 16% from $7.81 million, or 31 cents a share, in the year-ago period. Excluding items, earnings came in at 40 cents a share compared with 33 cents a share last year. Revenue at the San Jose, Calif.-based company rose to $72.3 million from $44.5 million. Analysts polled by Thomson First Call had forecast earnings of 35 cents a share on revenue of $74 million.
Chesapeake Energy Corp. (CHK) said its net earnings jumped as oil and gas production set a record for the 19th consecutive quarter. See full story.
Endurance Specialty Holdings Ltd. (ENH) reported better-than-expected first-quarter results late Monday after the Bermuda-based reinsurer avoided big losses that plagued the industry late last year. See full story.
Fisher Scientific International Inc. (FSH) said first-quarter net income was $103.2 million, or 79 cents a share, compared with $77 million, or 61 cents a share, during the same period in the prior year. On a pro forma basis, per-share income was 88 cents, up from 80 cents in the prior year. Analysts polled by Thomson First Call had expected per-share income of 83 cents. The scientific products provider said first-quarter revenue was $1.41 billion, up from $1.31 billion in the prior year.
Great American Financial Resources Inc. (GFR) has agreed to acquire Cleveland-based Ceres Group Inc. (CERG) for $205 million, or $6.13 a share in cash, the companies said after Monday's closing bell. The transaction is expected to close in the third quarter, and is subject to customary approvals and clearances. Cincinnati-based Great American is an insurance holding company with $12 billion in assets.
Haverty Furniture Co. (HVT) reported first-quarter net earnings of $5.1 million, or 23 cents a share, up from $3.17 million, or 14 cents a share, in the year-ago period. Revenue at the Atlanta-based company rose to $209.1 million from $207.6 million, while same-store sales fell 0.6%. Analysts polled by Thomson First Call had forecast earnings of 16 cents a share on revenue of $210 million.
Hovnanian Enterprises Inc. (HOV) cut its second-quarter and full-year earnings forecasts late Monday amid production delays, slower sales and other issues that suggest the homebuilder is feeling the effects of a cooling U.S. housing market. See full story.
Intevac Inc. (IVAC) said first-quarter net income was $7.01 million, or 32 cents a share. During the same period last year, the company reported a net loss of $3.9 million, or 19 cents a share. Intevac said quarterly revenue was $49.6 million, up from $10.6 million in the prior year.
Principal Financial Group Inc. (PFG) reported better than expected first-quarter results after the company sold a record amount of retirement-savings products. See full story.