SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Tuesday's session are Google Inc., Alcoa Inc. and Cablevision Systems Corp.
Alcoa (AA) is expected to report earnings per share for the third quarter of 77 cents.
Chattem Inc. (CHTT) is expected to post per-share income of 42 cents for the third quarter.
Genentech Inc. (DNA) is expected to post per-share income of 51 cents for the third quarter.
Supervalu Inc. (SVU) is expected to report earnings of 53 cents per share for the second quarter.
After Monday's closing bell, Google (GOOG) said it has agreed to acquire privately held YouTube Inc., the No. 1 Internet video-sharing site on the Web, for $1.65 billion in stock. See full story.See After Hours column.
AngioDynamics Inc. (ANGO) named Robert Mitchell to the newly created position of executive vice-president and chief operating officer, effective Dec. 1. Mitchell was chief executive of Millimed Holdings Inc., a privately-held company in Denmark that develops drug eluting products to treat vascular diseases.
Cablevision (CVC) founding family has offered once again to take the cable-television operator private, this time in a $7.9 billion deal that's 15% higher than an unsuccessful bid last year. See full story.
Dendrite International Inc. (DRTE) said its largest customer has extended its contract for sales force support services through the end of 2007, but added that the customer plans to transfer the services in-house and to third-party vendors after that date. Dendrite said the services that the unnamed customer plans to transfer are worth 10% of the company's expected 2006 revenue, and less than 10% of its expected revenue in 2007. See After Hours column.
EpiCept Corp. (EPCT) said it has submitted a Market Authorization Application to the European Medicines Agency for the Evaluation of Medicinal Products for Ceplene, the company's lead oncology product candidate, for patients with acute myeloid leukemia.
Franklin Resources Inc. (BEN) , the parent of the Franklin and Templeton mutual funds, said preliminary September-end assets under management rose to $511.3 billion from $453.1 billion in the same month a year ago. The month's total stock-fund assets were $302.1 billion, bond-fund assets were $112.3 billion, hybrid-fund assets were $90.6 billion and money market assets were $6.3 billion.
Lifeway Foods Inc. (LWAY) said third-quarter sales rose 26% to $6.56 million from $5.2 million during the same period in the prior year.
Medtronic Inc. (MDT) said the Food and Drug Administration has granted an investigational device exemption for a clinical trial to study the Infuse bone graft in a cervical spinal fusion.
Natco Group Inc. (NTG) named Bradley Farnsworth as its new chief financial officer.
Parametric Technology Corp. (PMTC) said it has substantially completed the review of its stock-option grant practices and expects to record a non-cash stock-based compensation charge of about $2.3 million in the fourth quarter. Also Monday, Parametric Technology said it expects fiscal 2007 per-share earnings of 71 cents to 76 cents, or $1.15 to $1.20 on a pro forma basis, on revenue of $940 million. Analysts are looking for earnings of $1.15 a share on revenue of $916 million.
Rohm and Haas Co. (ROH) said it expects third-quarter earnings of 85 cents a share on revenue that's 7% higher than the year-ago period. The earnings outlook includes about 3 cents a share related to the settlement of tax contingencies in the quarter. Analysts are forecast third-quarter earnings of 80 cents a share on revenue of $2.05 billion.
ScanSource Inc. (SCSC) said it is reviewing its stock-option practices since its initial public offering in 1994. A board committee will be assisted by independent legal counsel and advisors.
Semco Energy Inc. (SEN) named Donald Thomason non-executive chairman of its board. The public utility company said Thomason, who joined the board in 1995, succeeds John Albertine, who retired from the board today.