SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Thursday's session are Oracle Corp., Family Dollar Stores Inc., Del Monte Foods Co. and Jabil Circuit Inc.
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Del Monte Foods Co. (DLM) is expected to report fiscal fourth-quarter earnings of 20 cents a share, according to analysts polled by Thomson First Call.
Family Dollar Stores Inc. (FDO) is expected to post a fiscal third-quarter profit of 35 cents a share.
Gerber Scientific Inc. (GRB) is seen posting a fiscal fourth-quarter per-share profit of 11 cents.
Oracle Corp.'s (ORCL) is expected to report fiscal fourth-quarter earnings of 28 cents a share.
Rite Aid Corp. (RAD) is expected to report first-quarter earnings of 3 cents a share.
Solectron Corp. (SLR) is seen posting a per-share profit of 4 cents in its fiscal third quarter.
After Wednesday's closing bell, Jabil Circuit Inc. (JBL) reported a third-quarter profit that was up 8% from a year ago, but company executives said they were "disappointed" that the electronics contract manufacturer would have to lower forecasts for the rest of its fiscal year. See full story.See After Hours column.
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Adobe Systems Inc. (ADBE) said it has signed a multiyear agreement with Google Inc. (GOOG) to distribute the Google Toolbar with various Adobe products. Financial terms of the deal weren't disclosed. Adobe said the estimated revenue from the agreement for fiscal 2006 was factored into its previously announced financial targets. As a part of the agreement, Adobe and Google will launch availability of the Google Toolbar with downloads of Adobe's Macromedia Shockwave Player.
Bed, Bath & Beyond (BBBY) reported flat first-quarter earnings that were in line with analyst forecasts.
Clarcor Inc. (CLC) reported second-quarter net earnings of $16.8 million, or 32 cents a share, down 3.1% from $17.3 million, or 33 cents a share, during the year-ago period. The Franklin, Tenn.-based provider of filtration products posted revenue of $227.1 million vs. $219.8 million. Analysts polled by Thomson First Call had forecast second-quarter earnings of 38 cents a share on revenue of $233 million.
Finish Line Inc. (FINL) reported first-quarter net earnings of $4.36 million, or 9 cents a share, down from $12.7 million, or 26 cents a share, during the year-ago period. The Indianapolis-based specialty retailer posted revenue of $289 million vs. $291.3 million. Analysts surveyed by Thomson First Call had forecast first-quarter earnings of 9 cents a share on revenue of $288 million.
MedImmune (MEDI) said it plans to sell $1 billion worth of convertible notes. The Gaithersburg, Md., biotechnology said the offering consists of $500 million worth of convertible senior notes due 2011 and $500 million worth of convertible senior notes due 2013.
One Liberty Properties Inc. (OLP) said it's received notification of a formal investigation by the Securities and Exchange Commission. The Great Neck, N.Y., real estate investment trust said it believes the probe relates to possible improper payments made to its former president and chief executive officer from an entity that was doing business with one of the company's joint ventures at the time, and it noted that it reported the possibility of these improper payments to the SEC.
Phoenix Technologies Ltd. (PTEC) said it now expects third-quarter revenue of $10 million to $12 million, down from its previous forecast of $24.5 million to $26.5 million. The company attributed the lower-than-expected revenue to slower sales of core system software, among other factors. The company also said it's in a process of reducing its expenses through a restructuring program.
UTStarcom Inc. (UTSI) said it fell into a quarterly loss as revenue sank 34% from a year earlier, and the maker of infrastructure systems for networks forecast results for the current quarter that were below analysts' average expectation.
Xyratex Ltd. (XRTX) reported second-quarter earnings of $24.6 million, or 83 cents a share, up from a year-ago profit of $11.1 million, or 38 cents a share. On a non-GAAP (generally accepted accounting principles basis), the U.K. maker of data storage equipment earned $25.5 million, or 85 cents a share, up from a year-ago equivalent profit of $13 million, or 45 cents a share. Revenue rose 70.3% in the latest three months to $288.9 million from $169.6 million in the same period a year earlier. The average estimate of analysts polled by Thomson First Call was for a profit of 87 cents a share on revenue of $277 million for the May quarter.
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