SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Thursday's session are PepsiCo Inc., Healthways Inc. and Lam Research Corp.
Costco (COST) is expected to report earnings per share for the fourth quarter of 73 cents, according to analysts polled by Thomson First Call.
Domino's Pizza Inc. (DPZ) is expected to post per-share income of 35 cents for the third quarter.
Genzyme Corp. (GENZ) is expected to report income of 71 cents per share for the third quarter.
Journal Register Co. (JRC) is expected to report earnings per share of 19 cents for the third quarter.
MGIC Investment Corp. (MTG) is expected to post per-share income of $1.56 for the third quarter.
PepsiCo Inc. (PEP) is expected to report third-quarter per-share income of 86 cents.
Safeway Inc. (SWY) is expected to post earnings per share of 39 cents for the third quarter.
Winnebago Industries Inc. (WGO) is expected to report fourth-quarter earnings of 40 cents per share.
After Wednesday's closing bell, Healthways Inc. (HWAY) said it has agreed to pay $450 million to buy privately held Axia Health Management LLC, a national provider of preventive health and wellness programs.
Adobe Systems Inc. (ADBE) has concluded its voluntary review of stock-option grant practices, and found no improper grants to its executive officers. A broader review found certain instances where adjustments were made to grants after the grant date without a corresponding change to the measurement date.
Apogee Enterprises Inc.'s (APOG) board said it has raised the quarterly cash dividend 4% to 6.75 cents per share from 6.5 cents per share. The dividend is payable Nov. 15 to shareholders as of Oct. 31.
Asbury Automotive Group Inc. (ABG) increased its outlook for 2006 per-share income from continuing operations by 3 cents for a range of $1.85 to $1.90. Chief Executive Kenneth Gilman cited continued strength in higher margin businesses, such as used vehicles and parts and service.
Buckeye Technologies Inc. (BKI) said it sees per-share earnings of about 10 cents for the July-September quarter. The maker of cellulose-based products added that net sales for the period rose 16% from last year due to higher prices, among other factors.
CKE Restaurants Inc. (CKR) said it has increased its share buyback program by $50 million to $100 million.
Cypress Semiconductor Corp. (CY) said it has sold its PC clock assets and intellectual property rights to Spectra Linear for an undisclosed amount.
Cytogen Corp. (CYTO) said it has bought exclusive North American rights to Caphosol from Norway's InPharma AS. Cytogen will pay $5 million in upfront fees, and an additional $1 million after six months.
Discovery Laboratories Inc. (DSCO) reported "encouraging" results from its Phase II clinical trial of Surfaxin for the prevention and treatment of bronchopulmonary dysplasia, a chronic lung disease affecting premature infants.
Genentech Inc. (DNA) said the Food and Drug Administration has approved its colorectal cancer treatment Avastin for use in combination with chemotherapy as a first-line treatment for patients with advanced non-small cell lung cancer.
Lam Research (LRCX) said its quarterly net income jumped nearly fourfold as sales of its chip-equipment soared.
Multi-Fineline Electronix Inc. (MFLX) said it has filed a lawsuit against hedge fund managers Michael Roth and Brian Stark, as well as various Stark funds. Multi-Fineline alleges that the hedge funds and their managers have provided "false and misleading" regulatory filings, and haven't adequately informed M-Flex shareholders "as to the true nature" of their positions and intentions for the company.
Palm Harbor Homes Inc. (PHHM) said it expects to report a second-quarter net loss of 23 cents a share. Excluding charges, the home builder said it sees breakeven results on a per-share basis.
Rambus Inc. (RMBS) said it will focus primarily on revenue during its Oct. 19 quarterly conference call, and will not be in a position to finalize other financial results. The company added that it won't finalize other results until its audit committee has completed investigating the timing of past option grants.
Richardson Electronics Ltd. (RELL) swung to a first-quarter net loss of $1.1 million, or 6 cents a share, as expenses rose. In the same period last year, the company posted net earnings of $1.82 million, or 10 cents a share. See After Hours column.
Roche (RHHDY) and Trimeris Inc. (TRMS) said a supplemental new drug application for anti-HIV drug Fuzeon will be delayed until at least the first half of 2007. The Food and Drug Administration has requested additional safety information on the nature and occurrence of injection site reactions. Also, Trimeris said it now sees 2006 Fuzeon sales in the U.S. and Canada of $126 million to $134 million, compared with its prior view of $140 million to $150 million.
Rockwell Collins Inc. (COL) and Avcom Avionics & Instruments Inc. said they have settled all claims filed by Rockwell against Avcom. Avcom has acknowledged that it violated Rockwell Collins' copyrights and trademarks, and agreed to pay Rockwell Collins $3.4 million.
Ruby Tuesday Inc. (RI) reported fiscal first-quarter net earnings of $21.55 million, or 37 cents a share, vs. $21.64 million, or 34 cents a share, last year. Revenue at the restaurant chain operator rose to $338.7 million from $308.2 million.
Sabre Holdings Corp. (TSG) increased its quarterly cash dividend 30% to 13 cents from 10 cents a share. The dividend is payable Nov. 10 to shareholders as of Oct. 23.
Scania said it expects its third-quarter operating income to exceed market expectations by close to 25%. The Swedish truck maker cited higher deliveries and improved capacity utilization for its outlook.
Sealy Corp. (ZZ) said third-quarter net income rose, as revenue gained, to $29.4 million, or 30 cents a share, from $26.3 million, or 35 cents a share, during the same period in the prior year. Analysts had expected per-share income of 30 cents.
Simclar Inc. (SIMC) said it expects second-quarter net earnings of $790,000, or 12 cents a share, on revenue of $30.5 million. The maker of electronic and electro-mechanical products also said it will restate its results for 2005 and the first quarter of 2006 due to accounting errors in its Mexican operations.
Spartan Stores Inc. (SPTN) said second-quarter net earnings rose to $9.33 million, or 44 cents a share, compared with $6.85 million, or 32 cents a share, in the same period last year, on the back of strong sales and a higher gross margin. Analysts had expected per-share earnings of 39 cents.
Transmeta Corp. (TMTA) said it has filed a lawsuit against Intel Corp. (INTC) , alleging infringement of 10 Transmeta U.S. patents covering computer architecture and power efficiency technologies. The complaint seeks monetary damages, and requests an injunction against Intel's continuing sales of microprocessor products, such as Intel's Pentium III, Pentium 4, Pentium M, Core and Core 2 product lines.
Urologix Inc. (ULGX) said it sees first-quarter revenue of $5.4 million, compared to $6.2 million in the same period in the prior year. The medical products developer said the lower revenue is expected to have a negative impact on the company's net operating results.
UTStarcom Inc. (UTSI) said it is exploring strategic options to enhance stockholder value. The networking services company said its board has established a special committee and hired Merrill Lynch & Co. as a financial adviser.
Yum Brands Inc. (YUM) said third-quarter earnings jumped 20% thanks to strong growth in Chinese and other international markets. Yum said net income was $230 million, or 83 cents a share, compared with $205 million, or 69 cents a share, for the same period a year ago.