Among the companies whose shares are expected to se active trade in Wednesday's session are Morgan Stanley, FedEx Corp., Bed Bath & Beyond Inc. and Darden Restaurants Inc.

Bed Bath & Beyond Inc. (BBBY) is expected to report first-quarter earnings of 35 cents a share, according to analysts polled by Thomson First Call.

FedEx Corp.'s (FDX) fiscal fourth-quarter results are expected to show a per-share profit of $1.77.

NEW! FOXBusiness.com's Investing Center

Finish Line Inc. (FINL) is expected to report a first-quarter per-share profit of 9 cents.

Jabil Circuit Inc. (JBL) is seen posting a fiscal third-quarter profit of 37 cents a share.

Morgan Stanley's (MS) fiscal second-quarter earnings are expected to come in at $1.45 a share.

Xyratex Ltd. (XRTX) is expected to post a second-quarter per-share profit of 87 cents.

After Tuesday's closing bell, Darden Restaurants Inc. (DRI) posted a nearly 10 percent. jump in quarterly profit. See after hours column.

Watch List

Christopher & Banks Corp. (CBK) reported first-quarter earnings of $14.6 million, or 39 cents a share, up from a year-ago profit of $9.3 million, or 26 cents a share. Sales rose 16 percent. in the latest three months to $142.5 million from $122.7 million in the same period a year earlier. Same-store sales increased 7 percent. for the quarter. The average estimate of analysts polled by Thomson First Call was for a profit of 37 cents a share in the May period.

Electronic Arts Inc. (ERTS) said it has agreed to acquire Fairfax, Va.-based Mythic Entertainment for an undisclosed sum. The transaction is expected to close in the second quarter of fiscal 2007.

FSI International Inc. (FSII) reported a third-quarter net loss of $2.43 million, or 8 cents a share, compared with a net loss of $2.04 million, or 7 cents a share, during the year-ago period. The company, which manufactures capital equipment for the microelectronics industry, posted revenue of $32 million vs. $19.1 million. Analysts polled by Thomson First Call had forecast a third-quarter loss of 7 cents a share on revenue of $28 million.

Hewlett-Packard Co. (HPQ) said it would give its three main business groups more authority over their operational activities as part of an ongoing, company-wide restructuring. H-P said its personal systems, imaging and printing and technology solutions groups would now be responsible for their own supply-chain, procurement and order-fulfillment operations, and other business functions. The groups will also be responsible for ensuring more efficiency of individual operations and business transactions across the company. H-P said the overhaul is part of restructuring plans announced in July 2005 that include previously announced job cuts of 15,300 employees.

Kindred Healthcare Inc. (KND) said it's reached a stipulation agreement with Ventas Inc. (VTR) . The stipulation prevents Ventas from taking any action adverse to Kindred's interests, at least until the court hears Kindred's motion for a preliminary injunction against Ventas. On Monday, Kindred announced a lawsuit against Ventas, its landlord, related to Kindred's refusal to turn over fair market rental appraisals it commissioned after Ventas initiated a rent reset process in May.

Spansion Inc. (SPSN) boosted its second-quarter revenue target to a range of $605 million to $635 million, up from its prior view of $590 million to $620 million. Spansion, of Sunnyvale, Calif., raised its forecast due to worldwide demand for its NOR flash memory chips used in cell phones and other consumer electronics.

Sonic Corp. (SONC) reported third-quarter net earnings of $23.8 million, or 27 cents a share, up 12 percent. from $21.3 million, or 23 cents a share, during the year-ago period. The Oklahoma City-based restaurant chain posted revenue of $186.5 million vs. $167.7 million. Analysts polled by Thomson First Call had forecast third-quarter revenue of $190 million. The company said system-wide same-store sales rose 4.3 percent. during the quarter.

Copyright (c) 2006 MarketWatch, Inc.

Visit FOXBusiness.com's Investing page.