SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Tuesday's session are Yahoo Inc., Gap Inc. and Texas Instruments Inc.
Advanced Micro Devices Inc. (AMD) is expected to report earnings per share for the fourth quarter of 10 cents, according to analysts polled by Thomson First Call.
Bank of America Corp. (BAC) is expected to post income of $1.18 per share for the fourth quarter.
Burlington Northern Santa Fe Corp. (BNI) is expected to report earnings per share of $1.39 for the fourth quarter.
Coach Inc. (COH) is expected to report second-quarter per-share income of 58 cents.
D.R. Horton Inc. (DHI) is expected to post earnings per share for the first quarter of 33 cents.
Johnson & Johnson (JNJ) is expected to report fourth-quarter per-share earnings of 79 cents.
QLogic Corp. (QLGC) is expected to post third-quarter per-share earnings of 26 cents.
Sun Microsystems Inc. (SUNW) is expected to post per-share income of a penny for the second quarter.
Xerox Corp. (XRX) is expected to post fourth-quarter earnings per share of 37 cents.
Yahoo (YHOO) is expected to report earnings per share for the fourth quarter of 13 cents.
After Monday's closing bell, Gap (GPS) said Chief Executive Paul Pressler is leaving the company and the board immediately, ending a difficult period for the retailer. He will be replaced by Robert Fisher, chairman of the board and son the company's founder, until a new CEO is hired. See full story.See After Hours column.
Adtran Inc. (ADTN) said fourth-quarter net income fell, as sales declined, to $17 million, or 24 cents a share, from $32.2 million, or 41 cents a share, during the same period in the prior year. Excluding items, quarterly per-share income was 26 cents. Analysts had expected per-share income of 23 cents.
AeroVironment Inc. (AVAV) said its initial public offering of 6.7 million shares has priced at $17 each, coming in above the expected range of $14 to $16. Shares of the maker of small drone aircraft will begin trading Tuesday on the Nasdaq Global Market under the symbol "AVAV."
American Express Co. (AXP) , one of the largest credit card companies in the world, reported a 24% jump in fourth-quarter net income as card members shopped more during the holidays and the company lent more money. See full story.
AMR Corp. (AMR) , the parent company of American Airlines Inc., announced a public offering of 13 million newly issued shares. AMR plans to use the net proceeds for general corporate purposes.
Energizer Holdings Inc. (ENR) said its board has approved appointing Bill Stiritz as chairman emeritus. The board has also approved Pat Mulcahy, formerly vice chairman, as the new chairman.
Foundry Networks Inc. (FDRY) said its stock -option review found that in certain cases option grants were prepared days or weeks after the option grant date recorded in the company's books. The company also found that Foundry Chairman, President and Chief Executive Officer Bobby Johnson Jr. selected the grant dates for and approved some of the option awards.
Gibraltar Industries Inc. (ROCK) lowered its view for fourth-quarter per-share income, before impairment charges, to a range of 25 cents to 27 cents from its prior view of 30 cents to 35 cents. The metals processor, manufacturer and distributor cited a sharper-than-projected slowdown in sales to the retail and new-build housing market, and continued softness in its automotive business.
Kraft Foods Inc. (KFT) said it has named Sanjay Khosla president of its international commercial division. Khosla had been managing director of New Zealand-based Fonterra Co-operative Group's consumer and foodservice business.
Marsh Inc. () said it has been awarded a wholly-owned foreign enterprise insurance broking license in China, the first of its kind.
Mesaba Airlines, a Mair Holdings Inc. (MAIR) unit, said it has signed a stock purchase and reorganization agreement with Northwest Airlines Corp. (NWACQ) under which Mesaba would emerge from bankruptcy as a Northwest unit.
Mindspeed Technologies Inc. (MSPD) said the first-quarter net loss widened, as revenue declined and expenses rose, to $11.3 million, or 10 cents a share, from a net loss of $5.5 million, or 5 cents a share, during the same period in the prior year.
Network Equipment Technologies Inc. (NWK) said its third-quarter net loss narrowed to $599,000, or 2 cents a share, from with $6.25 million, or 25 cents a share, in the same period last year, as revenue rose and expenses dropped.
Nutrition 21 Inc. (NXXI) said a study showed that daily supplementation with Selenomax, the company's high selenium yeast product, suppressed progression of the human immunodeficiency virus and improved immune cell CD4 counts in HIV-1 seropositive patients. See After Hours column.
Plantronics Inc. (PLT) said third-quarter net income fell, as revenue declined, to $15.2 million, or 32 cents a share, from $25 million, or 52 cents a share, during the same period in the prior year. The headset company said quarterly revenue fell to $215.4 million from $222.5 million in the prior year.
Target Corp. (TGT) said Monday that same-store sales, the industry's most important growth measure, will climb in a relatively wide range of 3.5% to 5.5% in January.
Texas Instruments (TXN) , the world's largest maker of mobile phone chips, said its fourth-quarter profit rose 2% from a year ago, helped by a tax-related gain. See full story.See After Hours column.
University of Phoenix, an Apollo Group Inc. (APOL) subsidiary, on Monday asked the U.S. Supreme Court to review a Ninth Circuit Court of Appeals that the company said expands the scope of the False Claims Act.
Werner Enterprises Inc. (WERN) reported fourth-quarter net earnings of $24 million, or 31 cents a share, compared with $28.8 million, or 36 cents a share, in the same period last year, as revenue slipped and expenses rose slightly.
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