SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Tuesday's session are Best Buy Inc., Texas Instruments Inc. and Citigroup Inc.
ADC Telecommunications Inc. (ADCT) is expected to report earnings per share for the fourth quarter of 18 cents, according to analysts polled by Thomson First Call.
Best Buy (BBY) is expected to report per-share income of 35 cents for the third quarter.
Cooper Cos. (COO) is expected to post earnings of 79 cents per share for the fourth quarter.
Dollar General Corp. (DG) is expected to post third-quarter income of 15 cents per share.
Goldman Sachs Group Inc. (GS) is expected to report earnings per share of $6.04 for the fourth quarter.
Martek Biosciences Corp. (MATK) is expected to post fourth-quarter income of 10 cents per share.
SAIC Inc. (SAI) is expected to post third-quarter per-share income of 23 cents.
After Monday's closing bell, Texas Instruments Inc. (TXN) , the world's largest provider of mobile-phone chips, cut its fourth-quarter financial targets, becoming the latest maker of semiconductors to warn of weaker-than-expected sales.
Anadarko Petroleum Corp. (APC) said it will outline the major remaining assets targeted for divestiture by the end of 2007 at its investor conference Tuesday. The company said it expects incremental after-tax proceeds of $5 billion to $9 billion from the divestitures.
Cedar Shopping Centers Inc. (CDR) said it now sees 2006 per-share funds from operations of $1.20, compared with its prior view of $1.20 to $1.22. For 2007, Cedar sees FFO per share of $1.25 to $1.30.
Citigroup (C) said Robert Druskin, president of the company's investment-banking business, will become chief operating officer to help the financial-services giant with an efficiency drive.
CNET Networks Inc. (CNET) said Barry Briggs, president and chief operating officer, has decided to resign to pursue personal and other business interests. The resignation is effective Jan. 12, and CNET does not plan to fill the position.
Comverse Technology Inc. (CMVT) reported third-quarter revenue of $410.6 million. The New York-based software provider did not file its quarterly report with Securities and Exchange Commission because of a review of stock option grants.
Crane Co. (CR) said it now sees 2006 per-share earnings of $2.60 to $2.64. The maker of engineered industrial products had previously expected per-share earnings of $2.64 to $2.70.
Denny's Corp. (DENN) said it expects a systemwide introduction of a non-trans fat alternative fry shortening as early as the first half of 2007. The move is part of the restaurant operator's plan to eliminate trans fat from its menu.
Endwave Corp. (ENWV) said it has lowered its fourth-quarter revenue outlook to $10 million to $12 million. As a result, the Sunnyvale, Calif.-based maker of radio frequency modules now expects 2006 revenue growth of 20% to 25%, down from its prior view of 35%.
Fluor Corp. (FLR) said it has leased 47,900 square feet in Mt. Laurel, N.J., for a regional office. The office will employ 200 people, including about 100 new hires.
Gilead Sciences Inc. (GILD) said it has signed an agreement with the International Partnership for Microbicides and Conrad to develop, manufacture and distribute tenofovir as a microbicide to prevent HIV infection.
Gottschalks Inc. (GOT) said its board has retained UBS Investment Bank to assist its special strategic committee in exploring "various alternatives." The department and specialty store chain's board formed the committee to evaluate alternatives such as revising the business plan, strategic alliances and a sale or merger of the company.
Krispy Kreme Doughnuts Inc. (KKD) said it sees third-quarter revenue falling to $117 million from $129 million during the same period in the prior year. The company cited a decline in the number of company stores, as well as lower sales to franchisees.
Norfolk Southern Corp. (NSC) said it plans to spend $1.34 billion in 2007 for capital improvements to its railroad operations. The rail transportation company said it plans to spend $884 million for roadways projects, $401 million for equipment and $55 million for small projects and real estate.
On Semiconductor Corp. (ONNN) said it plans to offer $400 million of convertible senior subordinated notes in an institutional private placement.
PPD Inc. (PPDI) said it now expects net revenue, excluding reimbursed out-of-pocket items, for 2006 will be slightly higher than its prior view, ranging from $1.145 billion to $1.15 billion.
SigmaTel Inc. (SGTL) said it has named Scott Schaefer as chief financial officer, effective immediately. Schaefer succeeds Ross Goolsby, who will leave at the end of the year, the chip company said.
Source Interlink Cos. (SORC) reported third-quarter net earnings of $4.83 million, or 9 cents a share, compared with $6.08 million, or 11 cents a share, in the same period last year, as expenses rose.
Spartech Corp. (SEH) reported fourth-quarter net earnings of $8.62 million, or 27 cents a share, compared with $5.16 million, or 16 cents a share, in the same period last year, on the back of stronger sales related to demand after Hurricanes Katrina and Rita.
Sysco Corp. (SYY) said Chief Financial Officer John Stubblefield Jr. will retire, effective July 1. The food distributor named William DeLaney senior vice president of financial reporting, effective Jan. 1.
United Parcel Service Inc. (UPS) said it has offered a "special voluntary separation opportunity" to about 650 employees to eliminate redundant positions. The Atlanta-based package delivery company said the impact of the separation opportunity will not be determined until after the personal election period ends on Jan. 20.
Verint Systems Inc. (VRNT) said its third-quarter sales rose to $95.2 million from $78.2 million during the same period in the prior year. The provider of software-based solutions said it will not file its financial report for the third quarter because of the ongoing investigation by a special board committee of Comverse Technology Inc. (CMVT) , the 57% stockholder of Verint.
Verizon Communications Inc. (VZ) said Vice Chairman and President Lawrence Babbio Jr. plans to retire by the end of the first quarter 2007. The New York-based communications company said it will announce transition plans in coming weeks.
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