SAN FRANCISCO – Among the companies whose stocks are expected to see active trading in Wednesday's session are McKesson Corp., Baidu.com and Prudential Financial Inc.
Also Wednesday, Allergan Inc. (AGN) is expected to post earnings per share of 94 cents for the third quarter, according to analysts polled by Thomson First Call.
Allied Waste Industries Inc. (AW) is expected to report per-share income of 14 cents for the third quarter.
Cigna Corp. (CI) is expected to post earnings of $2.17 a share in the third quarter.
Clorox (CLX) is expected to report per-share earnings of 71 cents in the first quarter.
Marsh & McLennan Cos. Inc. (MMC) is expected to post third-quarter earnings of 35 cents a share.
Mylan Laboratories (MYL) is expected to report per-share earnings of 32 cents in the second quarter.
Prudential Financial (PRU) is expected to post third-quarter earnings of $1.48 a share.
Rockwell Collins Inc. (COL) is expected to report earnings of 76 cents a share in the fourth quarter.
Sunoco Inc. (SUN) is expected to post per-share earnings of $2.19 in the third quarter.
Time Warner Inc. (TWX) is expected to report earnings of 20 cents a share in the third quarter.
McKesson Corp. reported a higher profit thanks to a one-time gain, cost controls and more sales of higher-margin drugs that offset a charge for discontinued operations.
Aventine Renewable Energy Holdings Inc. (AVR) reported third-quarter net earnings of $5.29 million, or 12 cents a share, compared with $17.7 million, or 49 cents a share, a year earlier, because of lower margins, as well as higher prices for corn and freight.
Baidu.com (BIDU) reported third-quarter profit of $10.8 million, or 31 cents a share, compared with a profit of $1.1 million, or 3 cents a share, a year earlier. The company said it sees fourth-quarter revenue of $34 million to $35 million, less than Wall Street had been expecting.
Cedar Fair Entertainment Co. (FUN) reported third-quarter net earnings of $132.9 million, or $2.42 a limited-partner unit, compared with $170.8 million, or $3.11 per LP unit, in the same period last year.
Chipotle Mexican Grill Inc. (CMG) reported third-quarter net earnings of $11.8 million, or 36 cents a share, compared with $5.08 million, or 19 cents a share, during the year-ago period. The Denver-based restaurant chain posted revenue of $211.3 million, up from a year-earlier $164.7 million.
Eagle Materials Inc. (EXP) said second-quarter net income rose, as revenue gained, to $66.1 million, or $1.32 a share, from $43.3 million, or 80 cents a share, during the same period in the prior year.
Equity Residential Properties Trust (EQR) reported third-quarter net earnings of $69.8 million, compared with $267.5 million in the same period last year. The Chicago-based real estate investment trust posted $56.4 million, or 19 cents a share, compared with $250.2 million, or 87 cents a share, in the prior year. Funds from operations were 62 cents a share, up from 56 cents a share.
Helix Energy Solutions Group Inc. (HLX) said third-quarter net income rose, as revenue increased, to $57 million, or 60 cents a share, from $42.7 million, or 53 cents a share, during the same period in the prior year. The company backed its view for full-year earnings of $2.80 to $3.20 a share, while analysts are looking for $3.06.
Iconix Brand Group Inc. (ICON) said it has agreed to purchase the brand Ocean Pacific from the Warnaco Group Inc. for $54 million. Warnaco will receive $10 million at closing, which is expected to be in November, with the remainder to be a short-term note from Iconix that is payable in full on or prior to Dec. 31.
Jones Lang LaSalle Inc. (JLL) reported third-quarter net earnings of $24.7 million, or 73 cents a share, compared with $20.6 million, or 61 cents a share, in the prior year, boosted by strong revenue growth. The company also said it is raising its semiannual dividend by 40 percent to 35 cents a share from 25 cents.
Krispy Kreme Doughnuts Inc. (KKD) said it has filed its Form 10-K for the fiscal year ended Jan. 29, 2006, with the Securities and Exchange Commission. The Winston-Salem, N.C.-based doughnut chain posted a fiscal 2006 net loss of $136 million, which included noncash impairment charges of $54 million and a noncash charge of $36 million related to the settlement of litigation. Separately, the company said it has reached a settlement of its securities class action and a partial settlement of its derivative action. The settlement class will receive a total consideration of about $75 million, the chain said.
Northwest Airlines (NWACQ) posted a third-quarter loss of $1.2 billion, compared with a loss of $475 million a year ago. Excluding restructuring costs and other items, the bankrupt carrier would have reported a profit of $252 million, compared with a loss of $234 million a year earlier.
Papa John's International Inc. (PZZA) said net income was $13.1 million, or 40 cents a share, compared with $10.8 million, or 31 cents a share, for the same period a year ago. Sales for the Louisville, Ky.-based restaurant chain were $239.7 million, against a year-ago $233.1 million.
Quicksilver Resources Inc. (KWK) said third-quarter net income fell, as expenses rose, to $22.9 million, or 28 cents a share, from $24.8 million, or 31 cents a share, during the same period in the prior year.
R.R. Donnelley & Sons Co. (RRD) and Banta Corp. (BN) said they have agreed to an all cash $1.3 billion deal in which R.R. Donnelley will acquire Banta, a Menasha, Wis.-based provider of printing and digital imaging solutions.
Stone Energy Corp. (SGY) said third-quarter net income fell, as expenses rose, to $21.8 million, or 79 cents a share, from $33 million, or $1.20 a share, during the same period in the prior year. The company said quarterly revenue rose to $181.6 million from $159.3 million in the prior year.
Stratex Networks Inc. (STXN) said the waiting period required by the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has ended for the proposed combination with Harris Corp.'s Microwave Communications Division.
Watson Pharmaceuticals Inc. (WPI) said the Federal Trade Commission has permitted the closing of Watson's pending acquisition of Andrx Corp. (ADRX) . Under terms of a consent order with the FTC, Watson and Andrx will take several actions, such as the termination of Watson's agreement with Interpharm Inc. related to the distribution of Interpharm's hydrocodone ibuprofen 7.5mg/200mg product, and the acquisition of Andrx's interests in its portfolio of oral-contraceptive products by Teva Pharmaceuticals USA.
United Rentals Inc. (URI) reported third-quarter net earnings of $95 million, or 85 cents a share, compared with $76 million, or 71 cents a share, in the prior year, on the back of strong sales of rental equipment and contractor supplies. The company said it now sees 2006 per-share earnings of $2.12 to $2.22, on revenue of $3.95 billion.
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