SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Friday's session are Apple Computer Inc., Royal Philips Electronics NV and Cephalon Inc.
Maxim Integrated Products Inc. (MXIM) is expected to report earnings per share of 48 cents for the fourth quarter, according to analysts polled by Thomson First Call.
Occidental Petroleum Corp. (OXY) is expected to post second-quarter per-share income of $2.79.
Peoples Energy Corp. (PGL) is expected to report earnings per share of 6 cents for the third quarter.
Washington Post Co. (WPO) is expected to post second-quarter earnings per share of $9.51.
WebSideStory Inc. (WSSI) is expected to report second-quarter per-share income of 12 cents.
After Thursday's closing bell, Apple (AAPL) has discovered additional evidence of irregularities related to its stock-option grants. The company said it will delay filing its report for the latest quarter, and will likely need to restate its historical results to record non-cash charges for stock-option grants. See full story.
Philips (PHG) said it has inked a deal to sell an 80.1% stake in its semiconductor unit to a private equity consortium consisting of Kohlberg, Kravis Roberts & Co., Silver Lake Partners and AlpInvest Partners NV. See full story.
Cephalon (CEPH) said it swung to a profit in the second quarter and lifted its forecast for the full-year 2006 period. See full story.See After Hours column.
Activision Inc. (ATVI) said its quarterly loss widened and sales dropped 22% as the video-game industry continues to suffer a slump on an ongoing shift to next-generation gaming consoles. See full story.See After Hours column.
Applied Micro Circuits Corp. (AMCC) said its fiscal first-quarter sales rose to $69.7 million, up from $64.7 million in last year's period. The company didn't provide net income data due its internal review of its stock-option accounting.
Chiquita Brands International Inc. (CQB) said second-quarter net income fell as fuel costs rose and regulatory changes in the European banana market resulted in lower local pricing and increased tariffs. The banana company said quarterly net profit hit $22.9 million, or 54 cents a share, compared with $63.6 million, or $1.36 a share, during the same period in the prior year.
Crocs Inc. (CROX) said second-quarter net profit rose to $15.7 million, compared with $3.35 million during the same period in the prior year. Quarterly revenue rose to $85.6 million from $25.8 million in the prior year. See After Hours column.
Crown Castle International Corp. (CCI) said the Securities and Exchange Commission is conducting an informal inquiry into matters related to whether grants of stock options have been backdated. The company also said its second-quarter net loss narrowed from the same period in the prior year, while revenue reached $193.8 million, compared with $168.2 million in the prior year.
CV Therapeutics Inc. (CVTX) posted a net loss of $73.1 million, or $1.59 a share, for the second-quarter, compared with a loss of $51.6 million, or $1.43 a share, the year before. Revenue rose to $6.85 million from $5.75 million. See After Hours column.
Denny's Corp. (DENN) said same-store sales for company-owned Denny's restaurants rose 3% in July. The Spartanburg, N.C.-based restaurant chain said the guest check average rose 4.2%, while guest counts fell 1.1%.
Dominion Homes Inc. (DHOM) bell said it swung to a second-quarter loss as revenue declined on fewer closings and a decline in gross profit margin. Dominion said quarterly revenue fell to $75.8 million from $105.2 million in the prior year.
Sales of its animated feature "Madagascar" helped DreamWorks Animation SKG Inc. (DWA) swing to a gain for the second quarter and beat analysts' earnings forecasts. See full story.
Dynamic Materials Corp. (BOOM) reported second-quarter net income of $5 million, or 41 cents a share, compared with $2.1 million, or 18 cents a share, a year ago. Revenue at the metal products company was $27.8 million, up from $18.4 million last year. See After Hours column.
Gateway Inc. (GTW) reported a fiscal second-quarter loss of $7.7 million, even while revenue rose, as the No. 3 U.S. personal-computer company saw a complete turnaround from its year-ago profit. See full story.See After Hours column.
HCC Insurance Holdings Inc. (HCC) said it has agreed to acquire Allianz Health for $140 million in cash and reported a 38% jump in second-quarter net income. See full story.
Icos Corp. (ICOS) reported second-quarter net earnings of $6.8 million, or 9 cents a share, for the three-month period ended June 30. In the same quarter last year, the Bothell, Wash., biotechnology company lost $22.6 million, or 35 cents a share.
International Rectifier Corp. (IRF) said fourth-quarter net income hit $31 million, or 43 cents a share, compared with $24.7 million, or 35 cents a share, during the same period in the prior year.
Invitrogen Corp. (IVGN) posted a higher second-quarter profit but revenue that missed Wall Street's expectations. See full story.See After Hours column.
J.P. Morgan Chase & Co. (JPM) said it restated its 2005 year-end financial statement at the request of securities regulators over the way it had classified three years' worth of mortgage investments. See full story.
Leap Wireless International Inc. (LEAP) reported second-quarter net earnings of $7.5 million, or 12 cents a share, compared with $1.1 million, or 2 cents a share, in the same period last year. Quarterly revenue rose 18% to $267.9 million vs. $226.8 million.
Longs Drug Stores Corp. (LDG) said July retail drug store same-store sales rose 2.4% compared with last year.
Navistar International (NAV) said in four weeks it may announce layoffs at its Chatham, Ont., heavy truck assembly plant. The job cuts would be a result of an expected market decline because of the truck industry currently buying ahead of the stricter emissions regulations beginning in January.
Openwave Systems Inc. (OPWV) reported a fourth-quarter net loss of $4.67 million, or 5 cents a share, compared with a net loss of $62.3 million, or 91 cents a share, in the same period last year.
Parker Hannifin Corp. (PH) said total orders rose 14% in July compared with the same month last year.
PDL BioPharma Inc. (PDLI) posted a wider second-quarter loss due to increased costs, and said its terlipressin treatment failed to show statistical significance in a clinical trial. See full story.See After Hours column.
Ryerson Inc. (RYI) reported second-quarter net earnings of $22.2 million, or 76 cents a share, compared with $25.7 million, or $1.12 a share, in the same period last year. The Chicago-based metal company said quarterly revenue fell 0.8% to $1.51 billion vs. $1.52 billion due to the loss of two major customers and the sale of its oil and gas business in the first quarter of 2006.
Travel services provider Sabre Holdings Corp. (TSG) reported a 23% drop in second-quarter profit, hit by a tax reversal and higher operating costs. See full story.
True Religion Apparel (TRLG) earned $4.9 million, or 21 cents share in its second quarter, up from $2.4 million, or 18 cents, in the year-ago period. Sales at the clothing maker stood at $30.7 million, up from $22 million.
United Airlines, a unit of UAL Corp. (UAUA) , said traffic in July increased 3.4% to 11.07 billion revenue passenger miles. Load factor, or the percentage of a plane filled with passengers, rose 1.3 percentage points to 87.7%, while net capacity rose 1.9% to 12.62 billion available seat miles.
Univision Communications Inc. (UVN) said its second-quarter profit was $107.4 million, or 32 cents a share, compared with a profit of $36.1 million, or 10 cents a share — including the writedown of a loss in the fair value of an investment — in the prior year. Revenue rose to $634 million from $508 million.
Visteon Corp. (VC) shares jumped on reports that the auto parts maker has hired two investment banks to explore the sale of the company.
WebMD Health Corp. (WBMD) said the second-quarter net loss hit $1.16 million, or 2 cents a share, compared with a net loss of $1.55 million, or 3 cents a share, during the same period in the prior year. Quarterly revenue rose to $56.6 million from $41 million in the prior year.