Stocks to Watch, Oct. 17: Intel and Johnson & Johnson

SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Tuesday's session are Intel Corp., Johnson & Johnson and CA Inc.

Intel (INTC) is expected to report third-quarter earnings of 18 cents a share, according to analysts polled by Thomson First Call.

International Business Machines Corp. (IBM) is expected to post earnings of $1.35 a share for the third quarter.

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Johnson & Johnson (JNJ) is expected to report third-quarter earnings of 93 cents a share for the third quarter.

Merrill Lynch & Co. (MER) is expected to post earnings of $1.47 a share for the third quarter.

Motorola Inc. (MOT) is expected to report third-quarter earnings of 34 cents a share.

Novellus Systems Inc. (NVLS) is expected to post earnings of 51 cents a share for the third quarter.

Office Depot (ODP) is expected to report third-quarter earnings of 44 cents a share.

U.S. Bancorp (USB) is expected to post earnings of 66 cents a share for the third quarter.

United Technologies Corp. (UTX) is expected to report third-quarter earnings of 96 cents a share.

Yahoo (YHOO) is expected to post earnings of 11 cents a share for the third quarter.

After Monday's closing bell, (CA), the management-software giant, said it would ask shareholders to approve new shareholder-rights plan that its board unanimously approved, and which could help it fend off any unwanted takeover offers.

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Benihana Inc. (BNHN) said fiscal second-quarter same-store sales rose 9.8 percent from the same period last year. The Miami-based restaurant chain also said total restaurant sales for twelve-week period ended Oct. 8 rose 7.9 percent, to $58.6 million from $54.3 million.

Callaway Golf Co. (ELY) said it sees a third-quarter per-share loss of 17 cents to 19 cents on sales of $193 million to $195 million. For the same period in the prior year, the golf products company said the per-share loss was 7 cents on sales of $221 million.

InterMune Inc. (ITMN) said it has entered into a collaboration agreement with Roche (RHHDY) to develop and commercialize products from InterMune's HCV protease inhibitor program.

Kemet Corp. (KEM) said it is reducing its headcount by 400 people through a "cost-reduction initiative" in its Mexico facilities. The company sees related costs of $800,000, and annual savings of more than $4 million per year.

KLA-Tencor Corp. (KLAC) said it expects to record a maximum of $400 million in additional charges for stock-based compensation expenses following the completion of its options probe. Also, Stuart Nichols has resigned as general counsel, and the company has terminated all aspects of its employment relationship with Kenneth Schroeder, former chief executive, effective immediately.

Memory Pharmaceuticals Corp. (MEMY) said the Food and Drug Administration has put the proposed Phase IIa clinical trial of its investigational new drug candidate MEM 3454 for Alzheimer's disease on clinical hold. The FDA required further explanations of revisions that were made to toxicology reports.

PPD Inc. (PPDI) reported third-quarter net earnings of $36.8 million, or 31 cents a share, compared with $35.8 million, or 31 cents a share, during the year-ago period. The pharmaceutical company posted revenue of $313.1 million vs. $273.3 million.

Robbins & Myers Inc. (RBN) said fourth-quarter net income rose, as sales gained, to $9 million, or 56 cents a share, from $335,000, or 2 cents a share, during the same period in the prior year.

Sonic Corp. (SONC) said fourth-quarter net income rose, as revenue gained, to $25.5 million, or 29 cents a share, from $22.8 million, or 25 cents a share, during the same period in the prior year. Analysts had expected per-share income of 28 cents.

SonoSite Inc. (SONO) said it expects third-quarter earnings of a penny to 2 cents a share on revenue of $40 million. The maker of handheld ultrasound equipment said its revenue in the U.S. was lower than expected due to its ongoing sales force transition.

Stanley Furniture Co. (STLY) said third-quarter net income fell, as revenue declined, to $3 million, or 26 cents a share, from $5.8 million, or 44 cents a share, during the same period in the prior year. Analysts had expected per-share income of 28 cents. Stanley said quarterly revenue fell to $75.9 million from $85.6 million.

Talisman Energy Inc. (TLM) said it is initiating a process to sell select properties in North America, and has retained Tristone Capital Inc. to initiate a competitive auction process.

Discount retailer Target Corp. (TGT) backed its view for October sales growth at stores open at least one year. The company sees growth of 3 percent to 5 percent.

TCF Financial Corp. (TCB) said Barry Winslow is retiring as chief operating officer. Winslow will step down as COO, effective Dec. 31, and will assist with transition activities until his retirement on March 31.

Triad Hospitals Inc. (TRI) said it expects third-quarter results to be cut by 18 cents per share due to an increase in the allowance for doubtful accounts. The owner of hospitals and ambulatory surgery centers said it sees per-share income from continuing operations for the third quarter of 46 cents to 47 cents, below Wall Street's view of 65 cents.

Trimeris Inc. (TRMS) said global sales of Fuzeon for the third quarter were $63 million, up 29 percent from the same period in the prior year. In the United States and Canada, quarterly sales of Fuzeon, an anti-HIV drug, were $33.6 million, up 18 percent from the prior year. Sales outside the U.S. and Canada for the third quarter were $29.5 million, up 44 percent from the prior year.

United Industrial Corp. (UIC) said its AAI Corp. defense unit has received three orders from the Army with a total value for up to $102.6 million. United Industrial said $57.7 million will be funded immediately, and the orders are for production, refurbishment, and repair of equipment for Shadow 200 Tactical Unmanned Aircraft Systems.

Universal Forest Products (UFPI) reported third-quarter net earnings of $17.7 million, or 91 cents, down 7.6 percent from $19.2 million, or $1 a share, during the year-ago period. The wood and wood-alternative products company posted revenue of $672.9 million vs. $721.5 million.

US Airways Group Inc. (LCC) said Al Crellin, executive vice president of operations, has resigned, effective Nov. 15. The carrier said President Scott Kirby will assume overall responsibility for flight operations, maintenance and safety functions.

Werner Enterprises Inc. (WERN) reported third-quarter net earnings of $24.6 million, or 31 cents a share, compared with $24.5 million, or 30 cents a share, during the year-ago period. The trucking and logistics company posted revenue of $541.3 million vs. $504.5 million.

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