SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Wednesday's session are Applied Materials Inc., CDC Corp. and Abercrombie & Fitch Co.
Applied Materials (AMAT) is expected to report earnings per share of 31 cents for the fourth quarter, according to analysts polled by Thomson First Call.
BEA Systems (BEAS) is expected to post third-quarter per-share income of 14 cents.
Gymboree Corp. (GYMB) is expected to post third-quarter income of 67 cents per share.
Hot Topic (HOTT) is expected to post third-quarter earnings of 16 cents per share.
Longs Drug Stores (LDG) is expected to report income of 31 cents per share for the third quarter.
Men's Wearhouse Inc. (MW) is expected to post income of 54 cents per share for the third quarter.
Network Appliance Inc. (NTAP) is expected to report second-quarter income of 25 cents per share.
PetSmart Inc. (PETM) is expected to post third-quarter income of 21 cents per share.
Tyco International (TYC) is expected to post fourth-quarter income of 49 cents per share.
Zumiez Inc. (ZUMZ) is expected to post third-quarter earnings of 27 cents per share.
After Tuesday's closing bell, CDC (CHINA) said it swung to third-quarter net income, as revenue gained, of $3.1 million, or 2 cents a share. For the same period in the prior year, the enterprise software company reported a net loss of $1.24 million, or a penny a share.
Abercrombie & Fitch (ANF) reported third-quarter net income of $102 million, or $1.11 a share, compared with $71.6 million, or 79 cents a share, in the same period last year. Sales at the teen retailer rose to $863.4 million from $704.9 million, while sales at stores open at least a year rose 5 percent vs. a 25 percent rise in the third quarter of 2005.
Analog Devices Inc. (ADI) said fourth-quarter net income was $138.4 million, or 39 cents a share, up from $68.3 million, or 18 cents a share, a year ago. Revenue rose 4 percent to $644.4 million, helped by increased sales of chips used in consumer electronic devices, such as digital cameras and video game consoles.
Ansoft Corp. (ANST) said second-quarter net income fell, as income tax expenses rose, to $3.71 million, or 14 cents a share, from $4.1 million, or 16 cents a share, during the same period in the prior year.
ArvinMeritor Inc. (ARM) said its fourth-quarter net loss widened, as the company recorded a $310 million non-cash impairment charge for goodwill, to $274 million, or $3.95 a share, from a net loss of $19 million, or 27 cents a share, during the same period in the prior year.
Borland Software Corp. (BORL) said its third-quarter net loss widened to $12.2 million, or 16 cents a share, compared with $5.27 million, or 7 cents a share, in the same period last year, as expenses rose. The software company posted revenue of $82.4 million, up 21 percent from $67.9 million last year.
Cousins Properties Inc. (CUZ) declared a special dividend of $3.40 a share, or roughly $170 million. The dividend is payable Dec. 1 to shareholders of record as of Nov. 24.
Design Within Reach Inc. (DWRI) reported a preliminary third-quarter net loss of 8 cents to 10 cents a share on revenue of $44 million. During the same period a year ago, the San Francisco-based provider of modern design furnishings and accessories posted a net loss of 3 cents a share on revenue of $39.4 million.
Image Entertainment Inc. (DISK) said the second-quarter net loss widened, as revenue declined and expenses rose, to $3.79 million, or 18 cents a share, from a net loss of $613,000, or 3 cents a share, during the same period in the prior year. Analysts had expected a per-share loss of 6 cents.
La-Z-Boy Inc. (LZB) reported second-quarter net earnings of $1.95 million, or 4 cents a share. During the same period a year ago, the Monroe, Mich.-based furniture company posted a net loss of $6.45 million, or 12 cents a share. Revenue rose to $440.5 million from $433.4 million.
Nuance Communications Inc. (NUAN) said its fourth-quarter net loss narrowed, as revenue jumped, to $6.74 million, or 4 cents a share, from a net loss of $7.72 million, or 6 cents a share, during the same period in the prior year.
Pep Boys-Manny, Moe & Jack (PBY) said its third-quarter net loss narrowed to $7.92 million from $11.2 million in the same period last year. Revenue rose to $550.8 million from $545.9 million. Analysts had expected a per-share loss of 5 cents, on revenue of $552 million.
Prudential Financial Inc. (PRU) said it has increased its annual stock dividend 22 percent to 95 cents a share. The dividend is payable on Dec. 21 to shareholders of record as of Nov. 27. The provider of financial services also has approved buying back up to $3 billion if its shares.
Trimeris Inc. (TRMS) said it plans to sharply reduce expenses to increase earnings from Fuzeon, an anti-HIV drug that the company is co-developing. The company said its new plan includes job cuts.
TRM Corp. (TRMM) said it is restructuring to alter the company's cost structure, and will reduce the headcount in its ATM service division. The company said it's reducing selling, general and administrative expenses by 15 percent, primarily in the United States.
Verigy Ltd. (VRGY) reported fourth-quarter net earnings of $14 million, or 25 cents a share. During the same period a year ago, the Cupertino, Calif.-based semiconductor test company posted a net loss of $15 million, or 30 cents a share. VRGY, A
Viasys Healthcare Inc. (VAS) said it has received 510k clearance from the Food and Drug Administration for its Sonara and Sonara/tek digital transcranial Doppler systems. The systems measure blood flow velocities in the arteries of the brain using ultrasound technology.
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