SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Wednesday's session are Nike Inc., Palm Inc. and Darden Restaurants Inc.
3Com Corp. (COMS) is expected to report a breakeven per-share result for the second quarter, according to analysts polled by Thomson First Call.
Bed Bath & Beyond Inc. (BBBY) is expected to post third-quarter per-share income of 52 cents.
Biomet Inc. (BMET) is expected to report income of 44 cents per share for the second quarter.
Cognos Inc. (COGN) is expected to report third-quarter per-share income of 43 cents.
Family Dollar Stores Inc. (FDO) is expected to post earnings per share for the first quarter of 36 cents.
FedEx Corp. (FDX) is expected to post second-quarter per-share earnings of $1.76.
Finish Line Inc. (FINL) is expected to report a per-share loss of 8 cents for the third quarter.
Jabil Circuit Inc. (JBL) is expected to report fourth-quarter earnings of 35 cents per share.
Nike (NKE) is expected to post second-quarter earnings of $1.12 per share.
Paychex Inc. (PAYX) is expected to report second-quarter per-share income of 34 cents.
After Tuesday's closing bell, Palm (PALM) said its second-fiscal-quarter earnings fell sharply from the previous year's result, which was inflated by a tax-accounting measure, while shipments of the company's smartphone devices continued to grow.
Alleghany Corp. (Y) said Chairman F.M. Kirby has decided to retire at the end of 2006. John Burns Jr., vice chairman, will succeed Kirby, according to the insurer.
BRE Properties Inc. (BRE) said it sees 2007 per-share income of $1.05 to $1.20. The real estate investment trust focusing on apartment communities said it expects annual per-share funds from operations of $2.55 to $2.70.
Chaparral Steel Co. (CHAP) reported second-quarter net earnings of $67.5 million, or $1.40 a share, compared with $34 million, or 72 cents a share, in the same quarter last year, on the back of higher sales.
Christopher & Banks Corp. (CBK) said third-quarter net income rose, as revenue gained, to $9.23 million, or 24 cents a share, from $8.73 million, or 24 cents a share, during the same period in the prior year. Analysts had expected a per-share result of 24 cents.
Cintas Corp. (CTAS) said second-quarter net income rose, as revenue gained, to $82.5 million, or 51 cents a share, from $76.8 million, or 46 cents a share, during the same period in the prior year. Analysts had expected per-share income of 52 cents.
Cooper Tire & Rubber Co. (CTB) named Roy Armes as president, chief executive and board member, effective Jan. 1. Armes will succeed Byron Pond, who has served as interim CEO of the Ohio-based tire company since August.
CPI Corp. (CPY) said its third-quarter net loss narrowed to $951,000, or 15 cents a share, from $3.1 million, or 39 cents a share, in the same period last year. This quarter's results are based on 6.35 million shares, while the prior quarter's results were based on 7.87 million shares.
Darden Restaurants' (DRI) fiscal second-quarter profit rose 12 percent, buoyed by restaurant openings and lower expenses at its Olive Garden chain.
Dell Inc. (DELL) , the world's No. 2 computer maker, is changing its chief financial officer in the midst of an investigation of its financial reporting. Dell said Donald Carty will take over as vice chairman and CFO starting Jan. 1.
Embarq Corp. (EQ) said it will eliminate the position of chief operating officer, effective Jan. 1. COO Mike Fuller will retire.
Ferro Corp. (FOE) said it has filed its third-quarter report, and income for the period fell to $5.49 million from $6.85 million during the same period in the prior year. Income for shareholders fell, as sales costs rose, to $5.18 million, or 12 cents a share, from $6.48 million, or 15 cents a share, during the same period in the prior year.
Forrester Research Inc. (FORR) said Warren Hadley, chief financial officer and treasurer, has resigned. The resignation is due to irregularities uncovered by an internal investigation related to an option grant made to Hadley in 1999.
FSI International Inc. (FSII) said it swung to a first-quarter net profit of $1.89 million, or 6 cents a share, as sales jumped. In the same period last year, the maker of equipment used in microelectronics posted a net loss of $4.3 million, or 14 cents a share.
Harrah's Entertainment Inc. (HET) has agreed to be bought by a pair of private equity groups for $90 a share in cash, along with the assumption of $10.7 billion in debt.
Hydril Co. (HYDL) said it sees fourth-quarter per-share earnings of about $1.05 or higher, above its prior view. The outlook revision is due to improved premium connection segment results, the maker of oil and gas drilling products said.
Maxim Integrated Products Inc. (MXIM) said John Gifford, founder and chief executive, will retire for health reasons. Gifford will remain part-time as a strategic advisor.
National City Corp. (NCC) authorized repurchase of up to 30 million shares of common stock, subject to a total limit of $1.2 billion.
Nordson Corp. (NDSN) said fourth-quarter net income fell, as selling and administrative expenses rose, to $27.8 million, or 82 cents a share, from $27.9 million, or 80 cents a share, during the same period in the prior year.
Northfield Laboratories Inc. (NFLD) shares tumbled more than 50 percent after the company reported that there were 46 deaths in a study assessing PolyHeme, compared with 35 deaths in the control group. PolyHeme is a human hemoglobin based oxygen-carrying red blood cell substitute.
Panacos Pharmaceuticals Inc. (PANC) shares fell 30 percent after the biotechnology company said preliminary results from the first cohort of a Phase 2b study of bevirimat suggest that the tablet formulation did not deliver the drug as expected.
Pentair Inc. (PNR) said its directors have approved raising the quarterly cash dividend 7 percent to 15 cents a share from 14 cents a share.
ResCare Inc. (RSCR) said it sees per-share earnings of $1.24 to $1.28 in 2007, on revenue of $1.43 billion. Excluding items, ResCare sees per-share earnings of $1.35 to $1.39.
Smart Modular Technologies Inc. (SMOD) said first-quarter net income rose, as revenue gained, to $14.6 million, or 23 cents a share, from $9.35 million, or 17 cents a share, during the same period in the prior year. Analysts had expected per-share earnings of 21 cents.
Systemax Inc. (SYX) said third-quarter net income rose, as revenue gained, to $12.5 million, or 33 cents a share, from $3.88 million, or 11 cents a share, during the same period in the prior year.
Tupperware Brands Corp. (TUP) said it has named Simon Hemus president and chief operating officer, effective Jan. 1.
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