SAN FRANCISCO – Among the companies whose shares are expected to see active trading in Wednesday's session are Abercrombie & Fitch Co., Analog Devices Inc., TJX Cos., and Whole Foods Market Inc.
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Abercrombie & Fitch (ANF) is expected to report fourth-quarter earnings of $2.14 a share, according to a survey of analysts by Thomson Financial.
Analog Devices (ADI) is expected to post earnings of 41 cents a share for the first quarter.
Arcelor Mittal (MT) is expected to report fourth-quarter earnings of $1.42 a share for the fourth quarter.
Cleveland-Cliffs Inc. (CLF) is expected to post earnings of $1.52 a share for the fourth quarter.
Healthspring Inc. (HS) is expected to report fourth-quarter earnings of 33 cents a share.
Medco Health Solutions Inc. (MHS) is expected to post earnings of 79 cents a share for the fourth quarter.
OSI Pharmaceuticals Inc. (OSIP) is expected to report a fourth-quarter loss of 14 cents a share.
TJX (TJX ) is expected to post earnings of 50 cents a share for the fourth quarter.
WebMD Health Corp. (WBMD) is expected to report fourth-quarter earnings of 11 cents a share.
Whole Foods Market (WFMI) is expected to post earnings of 40 cents a share for the first quarter.
After Tuesday's closing bell, Hewlett-Packard Co. (HPQ) posted a 26 percent rise in first-quarter earnings, boosted by sales at the unit that sells personal computers and related hardware. Sales in the imaging and printing group were also higher.
Aaron Rents Inc. (RNT) after Tuesday's closing bell reported fourth-quarter net earnings of $19 million, or 35 cents a share, up 30 percent from $14.6 million, or 29 cents a share, during the year-ago period. The Atlanta-based rental services company posted total revenue of $339.9 million vs. $296.2 million. Additionally, Aaron Rents said it expects first-quarter earnings of 45 cents to 49 cents a share on revenue in excess of $390 million. For 2007, the company said it sees per-share earnings of $1.55 to $1.65 on revenue in excess of $1.5 billion, excluding revenues of franchisees.
Adobe Systems Inc. (ADBE) said it is delaying the deadline for its employee stock option amendment offer, due to a review by the Securities and Exchange Commission. Adobe said in a release that "the staff of the SEC has selected our Offer documents for review," adding that, "while the review is pending, we will not complete the Offer. We are striving to respond to the staff's comments as promptly as possible." In October, Adobe announced an internal review of its stock options practices, and in January it said it found instances where employees had received improperly priced options.
AmSurg Corp. (AMSG) said fourth-quarter earnings rose 13 percent to $9.55 million, or 31 cents a share, from $8.46 million, or 28 cents a share, a year earlier. Excluding share-based compensation expense, the company posted fourth-quarter earnings from continuing operations of 36 cents a share. The Nashville ambulatory care company said revenue rose 17 percent to $118.9 million from $102 million.
Avis Budget Group Inc. (CAR) reported fourth-quarter net earnings of $3 million, or 2 cents a share, compared with $537 million, or $5.26 a share, during the same period last year. The year-ago period included a gain on disposal of discontinued operations of $583 million. Earnings before interest, taxes, depreciation and amortization were $46 million vs. $28 million. The Parsippany, N.J.-based provider of vehicle rental services posted net revenue of $1.33 billion compared with $1.33 billion.
Carter's Inc.'s (CRI) fourth-quarter net income increased to $27.4 million, or 45 cents a share, from $17.3 million, or 28 cents a share, in the year-earlier period. The Atlanta apparel marketer reported adjusted per-share earnings of 47 cents. Sales increased 7.7 percent to $377.5 million from $350.5 million. Carter's expects consolidated adjusted per-share earnings of 14 cents for the first quarter, and $1.42 to $1.49 for fiscal 2007.
Chemed Corp. (CHE) reported fourth-quarter net income of $17.6 million, or 67 cents a share, up from $4.18 million, or 16 cents a share, in the year-ago period. Revenue increased 10.6 percent to $271.9 million from $245.7 million.
Century Aluminum Co.'s (CENX) fourth-quarter loss narrowed to $119.1 million, or $3.67 a share, from $148.7 million, or $4.62 a share, a year earlier as revenue rose 45 percent. The latest quarter included a net charge of $174.3 million, or $5.37 a share. The Monterey, Calif., company's revenue grew to $424.4 million from $292.9 million in the year-ago period.
Crocs Inc.'s (CROX) fourth-quarter net income jumped to $20.8 million, or 51 cents a share, from a year-earlier profit of $4.17 million, or 12 cents a share. The Niwot, Colo., footwear company's revenue grew to $112.9 million from year-earlier revenue of $33.6 million. Analysts expected fourth-quarter net income of 43 cents a share, on sales of $96.5 million, according to the average Thomson Financial estimates.
HCC Insurance Holdings Inc. (HCC) reported fourth-quarter net earnings of $80.7 million, or 69 cents a share, up 24 percent from $65 million, or 57 cents a share, during the year-ago period. The Houston-based based specialty insurance company posted net written premiums of $513.4 million vs. $393.8 million. Revenue was $599.1 million compared with $447.6 million. Earnings were negatively impacted by $7.6 million, or 7 cents a share, related to costs of the company's option investigation, and by $13.1 million, or 11 cents a share, due to a large reinsurance commutation recorded during the quarter. HCC also said that Stephen Way, chairman and founder, has retired from the board.
H.J. Heinz Co. (HNZ) said that third-quarter earnings per share should rise 30 percent, while sales should tally in at 5 percent growth during the period. Heinz, which reports earnings Feb. 27, was expected to see earnings-per-share growth of 22 percent on sales growth of 2 percent, according to analysts polled by Thomson Financial. Heinz said it's on track to meet full-year earnings of $2.35 to $2.39 a share. The Thomson estimate is for $2.38 a share.
IPC Holdings Ltd. (IPCR) reported fourth-quarter net earnings of $108.2 million, or $1.52 a share. During the same period a year ago, IPC posted a net loss of $74.8 million, or $1.32 a share. Operating earnings, which exclude net realized gains and losses on investments, were $97 million, or $1.36 a share. The Bermuda-based reinsurer posted net premiums written of $16.9 million vs. $12.4 million. Revenue was $142.1 million compared with $94.3 million.
Medtronic Inc. (MDT) reported higher third-quarter earnings and revenue, with a rise in sales of its stents but lower sales of its implantable cardiac defibrillators.
Merck & Co. (MRK) plans to suspend its lobbying campaign for the mandatory vaccination of Gardasil, which protects against the sexually transmitted virus that causes cervical cancer, according to a report on the Wall Street Journal's Web site.
NovaStar Financial (NFI) said it's considering whether to change its Real Estate Investment Trust status after the subprime mortgage lender reported a fourth-quarter net loss. REITs have to distribute at least 90 percent of their taxable income as dividends.
Odyssey Healthcare Inc. (ODSY) swung to fourth-quarter net income of $1.79 million, or 5 cents a share, from a loss of $1.79 million, or 5 cents a share, a year earlier. The Dallas hospice care company reported per-share income from continuing operations, excluding items, of 7 cents. Revenue fell 6 percent to $96.9 million from $102.8 million in the year-ago period.
Powerwave Technologies Inc. (PWAV) swung to a fourth-quarter loss of $114.9 million, or 90 cents a share, from net income of $19.2 million, or 15 cents a share, a year earlier, hurt by $73.1 million of acquisition, restructuring and impairment charges and an $11.5 million charge on Swedish deferred tax assets. Excluding items, the Santa Ana., Calif., radio-frequency amplifier company posted a loss of $29.3 million, or 22 cents a share. Revenue fell 32 percent to $169.8 million from $249.4 million a year earlier.
Stec Inc. (STEC) reported fourth-quarter net earnings of $9.48 million, or 19 cents a share, up from $763,000, or 2 cents a share, during the year-ago period. The Santa Ana, Calif.-based computer memory company posted revenue of $114.3 million vs. $63.3 million. The growth was primarily due to the continued expansion of its original equipment manufacturer division, the company said.
Texas Roadhouse Inc. (TXRH) reported fourth-quarter net earnings of $7.85 million, or 10 cents a share, up from $6.31 million, or 9 cents a share, in the year-ago period. Revenue at the Louisville, Ky.-based restaurant operator rose to $152.6 million from $117.6 million.
Theravance Inc. (THRX) said the Food & Drug Administration has accepted its new drug application for telavancin, a treatment of complicated skin and skin structure infections caused by Gram-positive organisms. South San Francisco, Calif.-based Theravance said the FDA has established a goal of a standard ten-month review of the telavancin NDA. Theravance said the NDA filing triggers a milestone payment of $31 million from its partner, Astellas Pharma Inc. (ALPMF).
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