SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Thursday's session are Dell Inc., Gap Inc., Barnes & Noble Inc., Autodesk Inc., Intuit Inc. and Synopsys Inc.
Advance Auto Parts Inc. (AAP) is expected to report first-quarter earnings of 70 cents a share, according to analysts polled by Thomson First Call.
Aeropostale Inc. (ARO) is seen posting a first-quarter per-share profit of 15 cents.
Autodesk Inc.'s (ADSK) first-quarter earnings are expected to be 31 cents a share.
Barnes & Noble Inc. (BKS) is expected to report a first-quarter profit of 13 cents a share.
Brocade Communications Systems Inc.'s (BRCD) fiscal second-quarter results are expected to show a per-share profit of 5 cents.
Dell Inc. (DELL) is seen posting earnings of 33 cents a share in its first quarter.
Gap Inc.'s (GPS) first-quarter per-share profit is expected to be 27 cents.
Marvell Technology Group Ltd. (MRVL) is seen posting earnings of 42 cents a share in its first quarter.
Nordstrom Inc.'s (JWN) first-quarter profit is expected to be 45 cents a share.
After Wednesday's closing bell, Intuit Inc. (INTU) said its quarterly profit dipped slightly on stock-option expenses and a higher tax rate, while revenue climbed a stronger-than-expected 14% on strong demand for its TurboTax and QuickBooks financial software. See full story.See After Hours column.
A strong performance from its Victoria's Secret businesses helped Limited Brands Inc. (LTD) to double-digit gains in first-quarter earnings, the company said. See full story.
BEA Systems Inc. (BEAS) reported a slight increase in its first-quarter profit as overall revenue grew 15% from a year ago as the corporate software developer saw gains in its software license fees and services sales. See full story.
Burger King Holdings Inc.'s (BKC) initial public offering of 25 million shares priced at $17 apiece, raising $425 million and becoming the richest U.S.-based restaurant IPO yet. See full story.
Foot Locker Inc. (FL) earned $59 million, or 38 cents a share, in its first quarter - up slightly from $58 million, or 37 cents, for the year-ago period. The latest results include a 1-cent benefit from an accounting change. Revenue came in at $1.37 billion, down almost 1%, while same-store sales were up 0.5%. Taking out the impact of foreign currency conversion, the company's total sales would have risen 0.2%. The average estimate of analysts polled by Thomson First Call had been for Foot Locker to earn 37 cents a share on $1.37 billion in revenue.
General Dynamics Corp. (GD) said it has agreed to acquire Chamberlain Manufacturing Corp.'s Scranton, Pa., division, which makes artillery projectiles and mortar bodies. Financial terms of the deal, which is expected to close in the third quarter, were not disclosed. Falls Church, Va.-based General Dynamics expects the acquisition to add immediately to its earnings.
Gymboree Corp. (GYMB) said first-quarter earnings were $17.9 million, or 53 cents a share, compared with earnings of $5.5 million, or 18 cents a share a year ago. Sales for the San Francisco-based specialty retailer were $186.2 million vs. last year's $160.8 million. Stock option expenses took a 4-cent bite out of per-share earnings. Analysts polled by Thomson First Call expected, on average, that the company would earn 46 cents a share on $189.3 million in sales.
Home Depot Inc. (HD) said its board has approved a $2 billion share buyback program.
Hooker Furniture Corp. (HOFT) said it has revised its second-quarter sales forecast to a range of flat to 2% lower than its sales during the same period a year ago. The Martinsville, Va.-based company had previously said it expected quarterly sales to increase in a range of 3% to 7% vs. the year-ago sales of $88.7 million.
Hot Topic Inc. (HOTT) lost $1.4 million, or 3 cents a share, in its fiscal first quarter — a turn from the profit of $5 million or 11 cents in the year ago period. The latest results include a 2-cent per share expenses for stock options. Sales at the teen wear retailer rose 3% to $154.0 million but same-store sales fell 9.6%. The average estimate of analysts polled by Thomson First Call had been for the company to lose 3 cents a share on revenue of $157 million.
Men's Wearhouse Inc. (MW) said first-quarter net income was $28.9 million, or 53 cents a share, compared with $22.7 million, or 41 cents a share, during the same period in the prior year. Pro forma per-share income for the quarter was 55 cents, compared with 46 cents in the prior year. Analysts polled by Thomson First Call had expected a per-share result of 49 cents. Men's Wearhouse said quarterly revenue was $434.6 million, up from $411.6 million in the prior year. Analysts were looking for revenue of $434 million.
Napster Inc. (NAPS) reported a loss from continuing operations of $9.9 million, or 17 cents a share, compared to a loss of $24.2 million, or 59 cents a share, for last year. Analysts were expecting a loss of 35 cents a share. Napster's revenue rose more than 50% to $26.8 million from $17.4 million last year. Analysts were expecting sales of $25.3 million. Napster said it had over 600,000 paying subscribers as of March 31.
PetSmart Inc. (PETM) said first-quarter earnings fell to $41.8 million, or 30 cents a share, compared with $44.7 million, or 30 cents a share, for the same period a year ago. Sales were $1 billion vs. last year's $903.2 million, with outlets open more than a year, or same-store sales, gaining 3.7%. Results were in line with those of analysts polled by Thomson First Call.
Shanda Interactive Entertainment Ltd. (SNDA) said first-quarter net income was 11.8 million yuan ($1.47 million), or 0.16 yuan per American Depositary Share, compared with net income of 220.1 million yuan in the prior year. Quarterly revenue was 341.4 million yuan ($42.6 million), down from 497 million yuan during the same period in the prior year.
STATS ChipPAC Ltd. (STTS) said it still expects second-quarter earnings of 6 cents to 9 cents per American Depositary Share on revenue that's 4% to 9% higher than the first quarter. The Singapore-based provider of semiconductor test and packaging services also said it still sees pro forma earnings of 13 cents to 16 cents per ADS for the quarter.
Synopsys Inc. (SNPS) reported first-quarter net earnings of $5.38 million, or 4 cents a share. In the same period last year, the company reported a net loss of $4.97 million, or 3 cents a share. Excluding items, the company reported a per-share profit of 17 cents compared with 9 cents last year. Revenue rose 13% to $274.8 million from $244.3 million. Analysts polled by Thomson First Call had forecast earnings of 15 cents a share on revenue of $266 million.
Business software provider Salesforce.com Inc. (CRM) said it slipped into a quarterly net loss amid higher research and development costs and as it spent more on marketing, offsetting a stronger-than-expected 63% surge in revenue. See full story.
Southwest Airlines (LUV) said it will buy back up to $300 million more of its own stock, which the company said covers about 18.6 million shares. The previous buyback covered 17.8 million shares and wrapped up last month, the Dallas-based low-fare airline said.