SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Wednesday's session are Yum Brands Inc., Alcoa Inc. and California Pizza Kitchen Inc.
Gannett Inc. (GCI) is expected to report earnings per share for the third quarter of $1.11, according to analysts polled by Thomson First Call.
Host Hotels & Resorts Inc. (HST) is expected to report per-share income of 8 cents for the third quarter.
Lam Research Corp. (LRCX) is expected to post first-quarter per-share income of $1.03.
M&T Bank Corp. (MTB) is expected to report income of $1.83 per share for the third quarter.
Media General Inc. (MEG) is expected to post per-share income of 44 cents for the third quarter.
Monsanto Co. (MON) is expected to post a fourth-quarter loss of 21 cents per share.
Ruby Tuesday Inc. (RI) is expected to report per-share income of 36 cents for the first quarter.
Sealy Corp. (ZZ) is expected to post per-share income of 30 cents for the third quarter.
Yum (YUM) is expected to report earnings of 75 cents per share for the third quarter.
After Tuesday's closing bell, Alcoa (AA) said profit and revenue rose in the third quarter, but missed Wall Street's estimate as a drop-off in aluminum prices started to chip away at earnings.
Audiovox Corp. (VOXX) said the second-quarter net loss narrowed, as cost of sales declined, to $1.96 million, or 9 cents a share, from $3.72 million, or 17 cents a share, during the same period in the prior year.
Bed Bath & Beyond Inc.'s (BBBY) company said it determined that from fiscal 1993 through the second quarter of fiscal 2006, it had certain unrecorded charges associated with its equity-based compensation plans. The Securities and Exchange Commission has indicated that it will conduct an informal inquiry into the company's stock options.
BMC Software Inc. (BMC) said it expects second-quarter per-share income before items and revenue to exceed the company's prior view. In August, the company had said it expected quarterly pro forma per-share income of 27 cents to 32 cents, and revenue of $365 million to $380 million.
Buca Inc. (BUCA) said Buca di Beppo same-restaurant sales in the third quarter rose 2.7% from the same period in the prior year.
California Pizza (CPKI) raised its outlook for third-quarter per-share earnings to a range of 33 cents to 34 cents, compared with its prior view of 32 cents to 33 cents. The company said quarterly same-restaurant sales rose 5.6% from the same period in the prior year, while the company had previously expected growth of 4% to 5%.
CMGI Inc. (CMGI) said it swung to a fourth-quarter net loss of $2.55 million, or a penny a share, as the company took a $7.4 million charge from discontinued operations.
Delphi Corp. (DPHIQ) said it plans to begin evaluating strategic alternatives for its power products business, including its possible sale.
Dominion Homes Inc. (DHOM) said it sold 209 homes during the third quarter, with a sales value of $39.4 million, compared with 433 homes, with a sales value of $81.8 million, during the year-ago period.
Shares of ECC Capital Corp. (ECR) rose more than 38% in after-hours trading on news that Bear Stearns Cos. has agreed to acquire ECC's mortgage banking platform for an undisclosed sum. See After Hours column.
E-Z-EM Inc. (EZEM) said first-quarter net income fell, as the company took a loss from discontinued operations, to $1.56 million, or 14 cents a share, from $2.55 million, or 23 cents a share, during the same period in the prior year. Analysts had expected per-share income of 12 cents.
Genentech Inc. (DNA) reported a 58% rise in third-quarter net earnings, helped by higher royalty revenues and lower costs, with sales of its recently launched treatment for the leading cause of blindness in the elderly hitting $153 million.
IDT Corp. (IDTI) reported a fourth-quarter net loss of $85.5 million, or 91 cents a share. In the same period last year, the telecommunications company posted breakeven results on a per-share basis. Revenue fell 2.1% to $555.5 million from $567.5 million.
InfoSpace Inc. (INSP) said it is implementing a restructuring plan that involves cutting 250 jobs beginning in the third quarter through mid-2007. As a result, the provider of mobile content plans to take a pretax third-quarter charge of $6.5 million for severance costs, and between $6 million and $7 million in other related expenses.
Lam Research Corp. (LRCX) said it has agreed to acquire the silicon growing and fabrication assets of Bullen Ultrasonics for $175 million in cash. Lam said it sees the transaction closing in 30 to 45 days.
Legg Mason Inc. (LM) said it expects net per-share income for the second quarter, ended Sept. 30, will be 96 cents to $1.02, while Wall Street is looking for $1.16. The asset manager cited lower-than -expected revenue.
Meade Instruments Corp. (MEAD) said it now expects a consolidated net loss of $15 million for the fiscal year ended Feb. 28 due to an $11 million charge in the fourth quarter. The maker of industrial optical products had previously expected a net loss of up to $4.1 million, or 21 cents a share.
Navarre Corp. (NAVR) said it expects to take an after-tax charge of 3 cents a share for the outstanding receivable related to the Tower Records Chapter 11 bankruptcy petition.
Newpark Resources Inc. (NR) said it has filed its restated results for the years 2003 to 2005. The provider of oil industry services said the restatement resulted in a reduction to net income of roughly $12.7 million for the period 1998 through 2002.
Oracle Corp. (ORCL) agreed to pay $98.5 million on behalf of PeopleSoft Inc. to settle charges that PeopleSoft provided inaccurate pricing information and overcharged the government on multiple contracts before it was acquired by Oracle.
Owens & Minor Corp. (OMI) said it will take a $4.5 million charge in the third quarter to record additional allowance for doubtful accounts receivable related to its direct-to-consumer business.
Pizza Inn Inc. (PZZI) said its fourth-quarter net loss widened to $4.42 million, or 43 cents a share, from a net loss of $112,000, or a penny a share, in the same period last year, as sales fell and expenses rose.
Smith & Wollensky Restaurant Group Inc. (SWRG) said September same-restaurant sales rose 0.9% to $10.7 million from $10.6 million during the same period in the prior year.
Spansion Inc.'s (SPSN) two largest stockholders, Advanced Micro Devices Inc.'s (AMD) AMD Investments Inc. subsidiary and Fujitsu Ltd. (FJTSY) , are selling 35 million shares of Class A common stock in an offering.
Willis Lease Finance Corp. (WLFC) said it has agreed to acquire up to $540 million of new spare aircraft engines from CFM International. Willis Lease may purchase up to a total of 45 spare engines over the next five years, with options to acquire up to an additional 30 engines.
Copyright (c) 2006 MarketWatch, Inc.